Latest Property Casualty Headlines
All the headlines from our Property Casualty Topic Page, ordered by recency.
Kemper’s Strong Third Quarter Includes Infinity Results
Nov 5 2018 // Kemper Corp. reported net income of $92.2 million for the third quarter of 2018, compared to $47.7 million for the third quarter of 2017. As adjusted for the acquisition in the quarter of nonstandard auto insurer Infinity,...
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Nov 5 2018 // Alliant Insurance Services, a nationwide specialty insurance brokerage firm, has made three additions to its Construction Services Group headquartered in Alpharetta, Ga. Danielle Maxey has joined as account executive. In...
Changing World for P/C Insurance Underwriters: Guy Carpenter
Nov 5 2018 // Property/casualty insurers’ operating environment today is very different than just a few short years ago. Lines that were stable are now volatile and those that have struggled are looking profitable, reinsurance...
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Nov 5 2018 // San Francisco, Calif.-based Woodruff Sawyer has named Luke Parsons as a vice president in the private equity and transactional risk group. Woodruff Sawyer has also named Evan Hessel vice president and casualty practice...
Texas Insurer Group Provides $31K in University Student Scholarships
Nov 2 2018 // The Insurance Council of Texas (ICT) Education Foundation recently honored 20 students studying insurance and risk management at universities in Texas with $31,000 in scholarships. Funds for ICT’s scholarship program...
AIG Executives Outline Path to Underwriting Profit in 2019
Nov 2 2018 // “We do see it coming. We expect that in 2019 we’re going to be in an underwriting profit position, not a great one, but a profit. And we’ll move from there to a great one.” So said Brian...
What’s Happening and What Lies Ahead for P/C Insurance Pricing: Moody’s
Oct 30 2018 // The current pricing environment for property/casualty insurers is “modestly positive,” with commercial and personal auto rates rising by mid-to-high single digits, homeowners and commercial property rates...
Top 10 Market Conduct Actions Facing P/C Insurers
Oct 30 2018 // Untimely claims handling and failure to provide required compliant claims, underwriting, and policyholder service disclosures are the U.S. insurance industry’s top compliance shortcomings. That’s according to a...
It’s a Very Different World for P/C Insurance Underwriters, Says Guy Carpenter
Oct 29 2018 // Property/casualty insurers’ operating environment today is very different than just a few short years ago. Lines that were stable are now volatile and those that have struggled are looking profitable, reinsurance...
Chubb Notches Solid Q3 Profit with Lower Catastrophe Losses
Oct 24 2018 // Chubb reported solid profit, increases in net premiums written and a healthy property/casualty combined ratio in its 2018 third quarter. The insurer booked $1.2 billion in net income during Q3 versus a $70 million net loss...
Seeman Holtz P&C Acquires Missouri Agency, Redel Insurance
Oct 18 2018 // Boca Raton, Florida-based Seeman Holtz Property & Casualty Inc. has acquired Redel Insurance Agency Inc., headquartered in Ballwin, Missouri. Redel Insurance Agency has been operating in Missouri for three-quarters of...
15 Emerging Risks from Policies to Playgrounds, Sandboxes to Scooters
Oct 18 2018 // When insurance experts are asked what they see as the most important emerging risk for the property/casualty insurance industry, their consensus is cyber in some form. While cyber obviously poses tremendous risks, some...
P/C Insurers Double Net Income in First Half of Year
Oct 16 2018 // U.S. property/casualty insurers saw their net income after taxes more than double to $34 billion in first-half 2018 from $15.5 billion in first-half 2017, with the help of lower catastrophe losses, growing premiums, and an...
Seeman Holtz Property & Casualty Acquires Allstar Assurance of Florida
Oct 16 2018 // Seeman Holtz Property & Casualty, Inc. has acquired Allstar Assurance, headquartered in Weston, Fla. Allstar Assurance has been serving south Florida for over 14 years offering multi-line property and casualty...
Florida Orders Insurers to Halt Rate Hikes; Sets Up Hurricane Michael Claims Village
Oct 16 2018 // Florida’s insurance regulator has issued an emergency order that ensures “additional protections” to Florida policyholders – including freezing any rate hikes for 90 days – to support recovery efforts...
American Financial Group to Acquire ABA Insurance Services
Oct 15 2018 // American Financial Group Inc., based in Cincinnati, Ohio, is acquiring ABA Insurance Services Inc. (ABAIS) from American Bankers Mutual Insurance Ltd. (ABMI). Based in Shaker Heights, Ohio, ABAIS provides directors and...
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Oct 15 2018 // EPIC Insurance Brokers and Consultants has tapped Josh Close as client services coordinator in the firm’s Birmingham, Ala.-based national energy construction practice, reporting to EPIC Principal Brian Tanner. Close...
P/C Direct Premium Written Up 6.1 Percent
Oct 15 2018 // Direct premium written (DPW) for property/casualty insurance companies continues to increase, albeit gradually. At year-end 2017, more than $636 billion of DPW was reported, a record high for the industry. For 2017, total...
Supply and Demand Keeping M&A Market Active
Oct 15 2018 // In the first two quarters of 2018, we saw continued high levels of merger and acquisition (M&A) activity. There were 252 announced deals through June 30, 2018. Those deals were spread over a vast universe of buyers...
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Oct 15 2018 // Stone Creek Insurance Agency is expanding its Spokane, Wash. presence with the addition of four new employees. San Francisco Bay Area-based Stone Creek launched its Spokane office in February. Charles Hook has been named...
