Latest Property Casualty Headlines
All the headlines from our Property Casualty Topic Page, ordered by recency.
Drone Segment Will be Biggest Growth in Aviation Insurance in 50 Years, Experts Say
Feb 22 2018 // Now’s the time to get in on the ground floor of the business of insuring drones. That’s according to panel of experts speaking recently in a drone insurance webinar hosted by Insurance Journal. The consensus...
Insurance Industry Hiring Stabilizes; Key Jobs Remain Difficult to Fill: Study
Feb 20 2018 // Fifty-eight percent of insurance companies plan to increase staff during the next 12 months in part due to expected increase in business and new markets, according to the Semi-Annual U.S. Insurance Labor Outlook Study...
Kemper Corp. Acquires Infinity Property & Casualty of Alabama for $1.4B
Feb 20 2018 // Birmingham, Ala.-based Infinity Property and Casualty were bought for $1.4 billion. Kemper Corp. acquired the auto insurance provider in a cash and stock transaction, making it one of the largest nonstandard auto insurers...
Satisfied Independent Agents Are Growth Engines for P/C Carriers: J.D. Power
Feb 19 2018 // Despite the growth of both technology-based and direct-to-customer sales channels in the property/casualty (P/C) insurance industry, independent agents still control the lion’s share of P/C premiums and represent a...
P/C Direct Premium Written Up 4.7 Percent
Feb 19 2018 // Direct premium written (DPW) for property/casualty insurance companies continues to increase, albeit gradually. At year-end 2016, approximately $606 billion of DPW was reported, a record high for the industry. For 2016,...
People
Feb 19 2018 // Optisure Risk Partners, based in Manchester, N.H., has hired Reid Sterrett as life practice manager, reporting to Optisure CEO Peter R. Milnes. Sterrett will be based in Hartford, Conn., and has experience in life,...
Drone Insurance Webinar Tackles the Basics and Beyond
Feb 15 2018 // The live webinar on InsuranceJournal.com on Feb. 21, 2018 at 11 a.m. PST offers an insiders look at the drone insurance business. San Diego, CA, February 15, 2018– The future is here. Drones are buzzing about the skies...
CNA Reports Solid Q4 and Year 2017 Despite Catastrophes
Feb 13 2018 // Insurer CNA saw its fourth quarter 2017 combined ratio improve and its quarterly net income dip only slightly despite catastrophe losses. For the full year 2017, it achieved net income of nearly $900 million, which was...
Why Tax Cuts May Curb Insurers’ Municipal Bonds Appetite
Feb 12 2018 // Put on the Taylor Swift and pull out the Ben & Jerry’s ice cream: The municipal-bond market’s long relationship with property and casualty insurance companies may be breaking up. That’s because last...
Software Firm Sapiens to Grow U.S. Market with Acquisition of Adaptik
Feb 9 2018 // Global insurance software firm Sapiens International Corp. has agreed to buy Adaptik, a rival insurance software company focused on policy administration and billing. The move is expected to help the Israeli company boost...
A.M. Best Calculates P/C Insurers’ Underwriting Loss for 2017
Feb 7 2018 // Rating agency A.M. Best expects the U.S. property/casualty insurance industry to post a second consecutive underwriting loss in 2017, driven mainly by catastrophe losses. The expected net underwriting loss for 2017 of...
Marsh & McLennan West Names New Principals in California and Alaska
Feb 5 2018 // Marsh & McLennan Insurance Agency has promoted eight executives to principals of the firm. In San Diego, the new Principals are Donna DeBolt, Wayne Pages, Greg Pendergast, Erin Quigley, Jeff Simpson, Ryan Stover, and...
Super Regional P/C Insurer Conference Registration Underway
Feb 5 2018 // Lake Geneva, WI, February 5, 2018- Following up on a sold-out inaugural conference last year, the industry’s second annual Super Regional P/C Insurer Conference has been scheduled for July 22-24, 2018 at the Grand...
Heritage Insurance Holdings of Florida Appoints Lusk as CFO
Feb 5 2018 // Heritage Insurance Holdings, Inc., a property and casualty insurance holding company, has appointed Kirk H. Lusk as its chief financial officer. Until April 28, 2018, Lusk will serve as co-chief financial officer with...
2017 Yields Highest Recorded Number of Announced Deals: MarshBerry
Feb 5 2018 // The number of announced U.S. insurance broker deals in 2017 was the highest in recorded history, at 536. This year also had the highest number of deals closed in the fourth quarter since 2012 (when the capital gain tax...
Insurance Agency M&As Soared 31% in 2017: OPTIS
Feb 5 2018 // Mergers and acquisitions of insurance agencies last year broke all records in 2017, according to OPTIS Partners’ annual report. The OPTIS database recorded 604 deals in the United States and Canada in 2017, a 31...
Still Hot… M&As to Date in 2018
Feb 5 2018 // M&A activity in the insurance industry was hot in 2017, and thus far in 2018, it shows no signs of cooling, with 30 deals announced in the month of January alone. The following are reports from the InsuranceJournal.com...
People
Feb 5 2018 // CAL Insurance & Associates Inc. has added Elian Boukhalil as an account manager. Boukhalil will work within CAL’s affluent families division. She was previously an intern with Publiscreen Online. Before that she...
Super Regional P/C Insurer Conference Registration Underway
Feb 1 2018 // Following up on a sold-out inaugural conference last year, the industry’s second annual Super Regional P/C Insurer Conference has been scheduled for July 22-24, 2018 at the Grand Geneva Resort & Spa in Lake...
Worldwide Broker Network Names Gambonini as Global P/C Consultant
Jan 31 2018 // The Worldwide Broker Network (WBN) announced the appointment of Antoinette “Toni” Gambonini as global property & casualty consultant. In this role, Gambonini will work with WBN member companies on six...
