Latest Property Casualty Headlines
All the headlines from our Property Casualty Topic Page, ordered by recency.
Federal Judge Says RICO Lawsuit vs. United P&C Must be Revised
Jan 24 2022 // A federal judge in Tampa has ordered a roofing contractor to revise its lawsuit complaint, which alleges racketeering law violations against United Property & Casualty Co., after the original complaint failed to meet...
Florida Lawsuit Charges United P&C With RICO Violations in Widespread Claims Denials
Jan 24 2022 // In the war between restoration companies and insurers in Florida, contractors suing carriers in assignment-of-benefits claims is nothing new. And insurers have long argued that some construction firms are colluding with...
Florida Lawsuit Charges United P&C With RICO Violations in Widespread Claims Denials
Jan 14 2022 // In the ongoing war between restoration companies and insurers in Florida, contractors suing carriers in assignment-of-benefits claims is nothing new. And insurers have long argued that some construction firms are colluding...
Despite Slow Going, P/C Insurers Still Love Advanced Analytics. Except Maybe Telematics.
Dec 28 2021 // Although property/casualty insurance carrier executives and technical professionals remain bullish on the prospect that advanced analytics can enhance growth and bottom-line performance, implementation progress has been...
People Moves: Chubb Changes Commercial P/C Leadership; BHSI Promotes Meyer in Life Sciences; AIG Adds Hunter to ESG; J.D. Power Hires Ellingsworth
Dec 20 2021 // Chubb Bolsters Leadership in its North America Commercial P/C Businesses Chubb has changed the leadership in its North America commercial property and casualty businesses with two new appointments, strengthening its...
Heading Into 2022, P/C Insurers Face ‘Massive’ Political Risks, Economic Uncertainty
Dec 20 2021 // Property/casualty insurers head into 2022 facing “massive” political risks, an expert with the Insurance Information Institute said on Dec. 2. Economic uncertainty will also continue despite recovery...
The View for 2022: P/C Insurance Predictions and Trends
Dec 20 2021 // It’s tough to make predictions, especially about the future. — Yogi Berra, Major League Baseball player and humorist Even before 2021’s final results were in the books, the forecasters were looking ahead...
Other Services Beat P/C Insurers in Providing Digital Customer Experience: J.D. Power
Dec 10 2021 // The property/casualty insurance industry is falling behind financial services and utilities providers when it comes to the digital customer experience. Throughout 2021, just 40 percent of claimants interacted with an...
People Moves: WTW Promotes Rourke to UK Head of P/C Pricing, Product, Claims and Underwriting; Tysers Hires Lockton’s Appleford, Lonmar’s Jenkins
Dec 9 2021 // This edition of International People Moves details appointments at brokers Willis Towers Watson and Tysers. A summary of these new hires follows here. WTW Promotes Rourke to UK Head of P/C Pricing, Product, Claims and...
Heading Into 2022, P/C Insurers Face ‘Massive’ Political Risks, Economic Uncertainty
Dec 7 2021 // Property/casualty insurers head into 2022 facing “massive” political risks, an expert with the Insurance Information Institute said on Dec. 2. Economic uncertainty will also continue despite recovery...
AM Best Raises Outlook for P/C Commercial Lines to Stable From Negative
Dec 6 2021 // AM Best has revised its 2022 market segment outlook for the U.S. property/casualty commercial lines insurance industry to stable from negative, despite some near-term challenges including inflation, an uneven economic...
As COVID Spread, European P/C Insurers Took Hits but Remained Resilient: AM Best
Nov 29 2021 // European property/casualty insurers faced a dip in total average gross written premium and after-tax profit in 2020, but their regulatory solvency ratios remained strong. Pandemic factors generally played a role in both...
P/C Insurer Definity Raises $1.1B in Largest Canadian IPO of 2021
Nov 18 2021 // Definity Financial Corp., the property and casualty insurer formerly known as Economical Mutual Insurance Co., raised about C$1.4 billion ($1.1 billion) in the largest Canadian initial public offering of the year. A total...
P/C Insurers’ Increased Reliance on Reinsurance Portends Premium Hikes
Nov 18 2021 // American International Group Inc. and other insurers avoided steep losses from a spate of extreme weather this year thanks in part to the reinsurance industry. But increased reliance on those policies probably means price...
P/C Insurers Turn In Solid First Half Performance
Nov 10 2021 // U.S. property/casualty insurers saw their net income jump to $37.5 billion in the 2021 first half, up from $24.3 billion the year before, as the country continued to recover from COVID-19’s economic...
Canadian P/C Insurer Definity Seeks to Raise $1 Billion in IPO
Nov 9 2021 // Definity Financial Corp., the property and casualty insurer formerly known as Economical Mutual Insurance Co., is seeking to raise C$1.25 billion ($1 billion) in an initial public offering, following in the footsteps of...
Major Court Rulings Shape P&C Insurance Across the South
Nov 1 2021 // Recent court decisions across the South continue to shape the risk management landscape, from workers’ compensation to property insurance issues. Workers’ comp In South Carolina, the state Supreme Court...
Beyond the Portal: P/C Carriers Vie to Create Better Agency Digital Experiences
Oct 18 2021 // Agent digital experiences are moving to the forefront of property/casualty insurance carrier technology strategies, according to a recent survey report published by Celent. Just having a web portal isn’t going to cut...
Insurtech Veteran Launches Online Directory to Connect P/C Agents with Technologies
Oct 14 2021 // A veteran agency insurtech advocate has launched an online directory for property/casualty insurance agents to categorize, compare and connect them with technology companies that support the agency distribution channel. In...
Top 10 P/C Insurance Market Conduct Issues
Oct 13 2021 // The U.S. insurance industry’s top compliance shortcomings relate to claims handling noncompliance, including timeliness, required disclosures, payments and grievance and appeal processes—as well as underwriting,...
