Latest Property Casualty Headlines
All the headlines from our Property Casualty Topic Page, ordered by recency.
2016 State Specialist P/C Insurers Revealed: Demotech
Dec 5 2016 // The Demotech Company Classification System categorizes insurers into one of 11 categories based on an analysis of data reported by companies to the National Association of Insurance Commissioners (NAIC). The 11 categories...
Plans Underway for Super Regional P/C Insurer Conference 2017 for C-Suite Professionals
Dec 3 2016 // Insurance Journal and Demotech, Inc. announced that the inaugural Super Regional P/C Insurer Conference will be held July 16-18 2017 at the Grand Geneva Resort & Spa in Lake, Geneva, Wis. The theme of the event is...
Maximum Adds P&C Expert Murray to Florida Office
Dec 1 2016 // Maximum, an independent, Chicago-based excess and surplus lines wholesaler, has added Michelle Murray, who has a property and casualty background, to its office in Tampa, Fla. Murray is a Tampa native and will offer...
Asbestos Losses Continue to Haunt P/C Insurers: A.M. Best
Nov 29 2016 // Net ultimate asbestos losses for the U.S. property/casualty industry have risen once again. They’re now at $100 billion, and that’s $15 billion higher than the previous estimate, according to a new A.M. Best...
People
Nov 21 2016 // Former long-time Chubb executive Dino E. Robusto assumes the roles of CNA chairman and chief executive officer on Nov. 21, succeeding Thomas F. Motamed, who is retiring after eight years in those positions. The succession...
P/C Insurance Execs See Growth Coming from Technology Innovation, New Products
Nov 21 2016 // Technology innovation will provide the biggest growth opportunities for reinsurers in the year ahead, according to a survey by Guy Carpenter & Co. The survey polled executives from insurance and reinsurance companies,...
How Independent Agents Feel About Growth, Technology and Disruption
Nov 21 2016 // Property/casualty independent insurance agents are more optimistic this year than they were in 2015. Nearly half (49 percent) of agencies responding to an industry survey say they are “very optimistic” about...
EPIC Adds Haycock as Producer in Northern California
Nov 15 2016 // EPIC Insurance Brokers & Consultants has hired Rick Haycock as a property/casualty insurance producer in Northern California. Haycock will be responsible for new business development and the design and management of...
Everest Insurance Expands Environmental Coverage
Nov 14 2016 // Everest Insurance has expanded its environmental offering with its new ESP policy form, a mono-line site pollution policy form that includes coverage available for both new and pre-existing pollution conditions for bodily...
P/C Insurance Execs See Growth Coming from Technology Innovation, New Products
Nov 10 2016 // Technology innovation will provide the biggest growth opportunities for reinsurers in the year ahead, according to a survey by Guy Carpenter & Co. The annual survey polled executives from insurance and reinsurance...
China’s Cyber Security Law Could Hamper Foreign Business: P/C Industry Reps
Nov 9 2016 // China’s new wide-ranging cyber security law is drawing some serious apprehension from the U.S. property/casualty insurance industry. Trade associations and experts alike caution that it will create business obstacles...
SCOR Moves a Step Closer to Opening a Branch Office in India
Nov 9 2016 // The Insurance Regulatory and Development Authority of India (IRDAI) has granted SCOR an “R2 authorization,” which allows the group to open a composite branch office in India to conduct life and P/C reinsurance...
Berkshire Hathaway Re/Insurance Profit Falls 30% in Q3
Nov 7 2016 // Berkshire Hathaway reported a 10.5 percent drop in operating profit for its insurance and reinsurance operations during the third quarter, with underwriting income falling 34 percent. While General Re reported an increase...
How Independent Agents Are Feeling About Growth, Technology and Disruption
Nov 3 2016 // Property/casualty independent insurance agents are more optimistic this year than they were in 2015. Nearly half (49 percent) of agencies responding to an industry survey say they are “very optimistic” about...
Missouri-Based Wallace & Associates Adds Brown as Property/Casualty Producer
Oct 28 2016 // Wallace & Associates Insurance Agency, based in Jackson, Mo., recently hired Ron Brown as its property/casualty producer. In this position, Brown will handle automobile and home insurance for new and existing accounts,...
Update: XL Group to Realign P/C Operations with Senior Leadership Team Named
Oct 27 2016 // Bermuda-based XL Group Ltd./XL Catlin announced senior role changes in connection with a planned realignment of its property/casualty operating model. All of the new appointments are effective as of Jan. 1, 2017. The new...
Fischer Named VP, Property/Casualty Service Leader at Hylant
Oct 26 2016 // Ohio-based privately owned insurance brokerage firm, Hylant, has named Debbie Fischer to the newly created position of vice president, property/casualty service leader. Most recently, she was vice president, client...
Chubb CEO Greenberg Reports ‘Excellent’ Q3 Results
Oct 26 2016 // The world’s largest publicly traded property/casualty insurance company, Chubb Limited, reported net income for the quarter ended Sept. 30, 2016 of $1.36 billion, or $2.88 per share, compared with $528 million, or...
Reinsurers at Baden Baden Forum Expect P/C Insurers to Resist 2017 Price Hikes
Oct 24 2016 // Hurricane Matthew will have a limited impact on the years-long decline in rates for reinsurance, according to industry representatives, who predict primary insurers will push back against price increases at the start of...
P/C Tech Firm, Xceedance, Opens London Office; Davies Heads EMEA Region
Oct 24 2016 // Xceedance, a global provider of property/casualty insurance technology, analytics and consulting services, has established an office in London to serve the European, Middle East and Africa (EMEA) market, the company...
