Latest Property Casualty Headlines
All the headlines from our Property Casualty Topic Page, ordered by recency.
Personal Lines Insurance Poised to Turn Profit in 2020 As Auto Claims Fall: Fitch
Jul 20 2020 // After a profitable 2019, the U.S. personal lines insurance sector is positioned to see underwriting profits in 2020 even with considerable economic uncertainty from the coronavirus pandemic, according to a report from...
Coronavirus Claims of Estimated €80B Are ‘Manageable’ for Europe’s Insurers: Moody’s
Jul 17 2020 // The coronavirus outbreak has had an adverse, but manageable, impact on the European insurance sector, leading to a drop in company earnings rather than capital erosion, says Moody’s Investors Service in a...
P/C Insurance Agency M&A Deals Down 12% in First Half of 2020: Optis
Jul 15 2020 // There were 288 announced insurance agency mergers and acquisitions during the first half of 2020, down from 328 in 2019, according to a report from OPTIS Partners. It was the lowest six-month period total since...
P/C Insurance Survey: 55% Back Worker Presumption; 54% See Interrupt Cases Failing
Jul 13 2020 // A slight majority (54%) of property /casualty insurance industry professionals think insurers will succeed in defeating legal and political attempts to force them to pay business interruption claims from the coronavirus...
Allianz Acquires P/C, Auto Insurer from Brazil’s SulAmérica for Nearly $600M
Jul 13 2020 // Allianz has finalized the acquisition of the automobile and other property & casualty business from SulAmérica in Brazil. This follows the announcement of the deal on August 23, 2019. The transaction enlarges the...
Minnesota Issues Riot Claims Data Call to Property/Casualty Insurers
Jul 8 2020 // Minnesota’s insurance regulators issued a data call in late June, requesting information from property/casualty insurers in the state about claims filed in the wake of the riots/civil commotion following the killing...
Chubb Estimates $1.4 Billion in Q2 Global Losses Tied to Coronavirus
Jul 7 2020 // Chubb’s disclosure of second quarter 2020 global net catastrophe losses underscores the damage COVID-19 is doing to some carriers’ bottom lines. The global property/casualty insurer estimated $1.8 billion in...
101 Ways Coronavirus Crisis Has Changed P/C Insurance Pros’ View of Their Job. Or Not.
Jul 7 2020 // Has the coronavirus experience changed how property/casualty insurance professionals view their jobs? Yes and no. The biggest change is that many in the industry learned they can do their job from home, and most, although...
2020 Super Regional P/C Insurers
Jul 6 2020 // Demotech Inc. Reveals Leading Multi-State Property/Casualty Insurers In order to continue the discussion regarding what constitutes a Super Regional P/C Insurer™ and to give definition to this important group of...
Working From Home During the Pandemic
Jul 6 2020 // While millions of people in other industries have been laid off and furloughed since anti-contagion policies and business shutdowns began in March, most property/casualty insurance professionals have been able to keep...
Sompo Global Risk Solutions Launches Team in London to Serve UK, Europe Markets
Jul 2 2020 // Sompo International Holdings Ltd., a Bermuda-based specialty provider of property and casualty insurance and reinsurance, announced that Sompo Global Risk Solutions (GRS) has formed a new team, Sompo GRS Europe, based in...
Policygenius Adds Google’s Garr as VP of P&C Operations in North Carolina
Jul 2 2020 // Online insurance marketplace Policygenius has made its first executive hire for its North Carolina headquarters. Erik Garr, who established Google Fiber’s operation in Durham, N.C, and was the director of strategy...
Fort Worth P/C Insurer, Hallmark Financial, Reports $34M Loss
Jul 1 2020 // Hallmark Financial Services Inc. (HALL) has reported a loss of $34 million in its fourth quarter. The Fort Worth, Texas-based company said it had a loss of $1.87 per share. Losses, adjusted for investment gains, were $2.01...
Exclusive Coronavirus Survey: P/C Insurance Return to ‘Normal’ Office May Take Time
Jul 1 2020 // Many property/casualty insurance professionals, most of whom have been working at home during the pandemic, may need some convincing not only to return to an office anytime soon but also to engage in typical business...
Top Agencies: Deadline Approaching to Submit for 2020 Ranking
Jun 26 2020 // Is your agency a top property/casualty independent agency? Find out by submitting your agency for the 2020 Insurance Journal Top 100 Property/Casualty Agencies Listing. Each year, Insurance Journal searches for the...
Exclusive: How P/C Insurance Pros Are Faring Working From Home During Pandemic
Jun 25 2020 // According to Dorothy in the Wizard of Oz, there’s no place like home. For many in the property/casualty insurance industry, home is where their job has been during the pandemic. While millions of people in other...
Prime Property & Casualty Insurance Inc. Provides Partnership Approach to the Commonwealth of Massachusetts Commercial Auto Market
Jun 24 2020 // Chicago, IL, June 24, 2020 – Prime Property & Casualty Insurance Inc. (“PPCI”) has announced its debut into the Commonwealth of Massachusetts commercial auto market as an admitted carrier specializing...
Relation Insurance Acquires Summers Thompson Lowry of North Carolina
Jun 23 2020 // Relation Insurance Services, a privately owned insurance brokerage that offers property and casualty, risk management, employee benefits, and TPA-consulting services through its family of brands across the United States,...
Swiss Re’s Chief Underwriting Officer Schmid Is Stepping Down, Succeeded by Léger
Jun 19 2020 // Swiss Re announced the appointment of Thierry Léger as the group chief underwriting officer, effective Sept. 1, 2020. At the same time, the reinsurer announced it is restructuring its life businesses. Léger succeeds...
Munich Re’s ERGO to Take 24.9% Stake in Chinese P/C Insurer
Jun 8 2020 // Munich Re’s ERGO insurance unit has agreed to take a 24.9% stake in Taishan Property & Casualty Insurance Co. Founded in 2011, Taishan Insurance is a nationwide property and casualty insurer based in Shandong,...
