P&C Companies News

Lexington’s Levinson on Why E&S Is More Relevant Now Than Ever

When Lou Levinson became president and CEO of Lexington Insurance in late 2018, he knew the company needed a change. He believed that Lexington should be a wholesale focused distribution channel and that the company should remain focused and disciplined …

Florida Litigated Claims Dropped 9% in September

The Florida Legislature’s recent efforts to curtail assignments-of-benefits abuse and excessive claims litigation may be having an impact, according to a new report from a lawsuit-tracking firm. CaseGlide, a litigation management software company that regularly reports on insurance litigation, said …

Origami Risk Enhances Workers’ Comp Claims Administration Package

Origami Risk, a risk, safety and insurance Software as a Service (SaaS) technology firm, announced it has packaged its online workers’ compensation claims administration into a standard offering to help insurance carriers, third party administrators (TPAs), risk pools and managing …

Flow Insurance, Chaucer Group to Offer Residential Flood Insurance

Flow Insurance Services has partnered with Chaucer Group to allow for the digital distribution of Chaucer’s new residential flood insurance product. Flow’s retail agents will have the ability to quote, bind, and service Chaucer’s flood insurance product on the FlowRater. …

Colonial Surety Launches Cyber and Fiduciary Package for Retirement Planning

Colonial Surety, a direct and digital insurer, expanded its fiduciary liability product offering for plan sponsors – businesses that offer retirement plans – with a new, two-part package that includes cyber liability coverage. The new package offers fiduciary liability insurance …

AXA XL Launches Benchmarking Service for Subcontractor Default Risks

AXA XL’s Construction insurance team has launched a new schedule benchmarking service to strengthen their Subcontractor Default Insurance (SDI) clients’ risk management efforts. “The global pandemic has shined a light on the importance of strong project controls to effectively manage …

In Changing Housing Market, Home Insurers Struggle with Customer Loyalty: Study

Home insurers have struggled to develop products and services designed to maximize customer lifetime value for the growing population of baby boomers migrating from home ownership to renting, a new study by J.D. Power, 2021 U.S. Home Insurance, reveals. About …

RIMS Adopts Full Vaccination Requirement for In-Person Events

RIMS, the global risk management society with a membership of 10,000 risk management professionals in more than 60 countries, has implemented new guidelines that will require attendees at RIMS’ in-person events to show that they are fully vaccinated against COVID-19. …

Great American Introduces Home-Based Business Coverage

Great American Insurance Group has introduced a new product offering through PolicySweet, its online offering for small business customers. PolicySweet, which allows small business owners to research, shop, quote and purchase insurance online, is expanding its coverage to include HomeHQSM, …

Rokstone Adds U.S. Agriculture Division

Rokstone, an international specialty re/insurance MGA, part of the Aventum Group, has launched a specialist agriculture division for the U.S. market. The new division, Rokstone Agriculture Risk Underwriters, will be led by underwriting specialist Eric Conklin who has over 20 …