Latest Property Casualty Headlines
All the headlines from our Property Casualty Topic Page, ordered by recency.
Commercial Insurance Pricing Inched Up in Q1: Willis Towers Watson
Jun 13 2016 // Commercial insurance prices increased only a bit in aggregate (less than 1 percent) during the first quarter of 2016, according to the latest Commercial Lines Insurance Pricing Survey (CLIPS). While price changes in the...
What Do You Get When You Combine Drones and Self-Driving Cars?
Jun 9 2016 // Powered by InsuranceJournal.tv That’s one small step for drones, and no steps needed for mankind. Autonomous drone transport for humans. Why not? We’re eventually getting autonomous cars so you don’t have...
Casualty Actuarial Society Honors 4 Universities
Jun 8 2016 // The Casualty Actuarial Society (CAS) has selected four universities to receive the 2016 CAS University Award, an honor created to recognize schools doing exemplary work in preparing students for a career in the...
Sapiens Acquires P/C Insurance Software Firm Maximum Processing
Jun 7 2016 // Israel-based financial software provider Sapiens International Corp. said it has agreed to buy Maximum Processing Inc., a property/casualty insurance software provider known for its Stingray System. Maximum Processing is a...
Popular Program Market: New Programs Might Get a Chance
Jun 6 2016 // The program insurance segment has been an attractive area for property/casualty carriers in recent years and interest doesn’t appear to be faltering. While carriers have been eager to snatch-up mature and profitable...
Review of Q1 M&A Deal Activity
Jun 6 2016 // Deal count for the first quarter of 2016 was down slightly relative to the record-breaking first quarter of 2015, but was still the second most active first quarter in the past 10 years. There were 109 announced...
P/C Insurers Continue to See Slow Premium Growth and Rising Loss Ratios
Jun 6 2016 // For U.S. property/casualty insurers, net written premium still grew in 2015, but the rate of expansion is slowing, and the industry’s collective combined ratio worsened slightly, according to a new report from ISO...
P/C Commercial Insurance Business Expected to Deteriorate
Jun 6 2016 // Underwriting performance for the commercial lines sector of the U.S. property/casualty (P/C) insurance industry is likely to deteriorate in 2016, according to a new report from Fitch Ratings. The expected decline would...
5 Principles for Navigating Complex Property/Casualty Claims
Jun 6 2016 // Property/casualty losses arising from construction defects, earthquakes, hurricanes, floods, fires, industrial accidents, tornadoes or any number of other perils can strike at almost any time. When they do, the impacts to...
AXA Sells SunLife, Names Top Team Including Harlin as CFO, Olivier to Lead P/C
May 27 2016 // AXA SA sold its SunLife unit in the U.K. to Phoenix Group Holdings and announced the top-management team that will work with incoming Chief Executive Officer Thomas Buberl when he takes the helm in September. Gerald Harlin...
2016 Super Regional P/C Insurers™
May 23 2016 // In order to continue the discussion regarding what constitutes a Super Regional P/C Insurer™ and to give definition to this important group of insurers, Demotech Inc. analyzed year-end 2015 data for property/casualty...
New Florida Insurance Commissioner Altmaier Takes the Reins
May 23 2016 // David Altmaier After nearly 13 years, Florida has a new insurance commissioner. The Florida Cabinet appointed David Altmaier April 29 to succeed long-time insurance commissioner Kevin McCarty, who announced earlier this...
Tough Times for Commercial Auto Insurance: Fitch
May 23 2016 // While the property/casualty industry has reported three consecutive years of significant underwriting profits, the commercial auto market as a whole reported an underwriting loss for the fifth consecutive year in 2015. In...
Fitch Expecting P/C Commercial Insurance Business to Deteriorate
May 19 2016 // Underwriting performance for the commercial lines sector of the U.S. property/casualty (P/C) insurance industry is likely to deteriorate in 2016, according to a new report from Fitch Ratings. The expected decline would...
P/C Insurers Caught Between Slowing Premium Growth and Rising Loss Ratios
May 18 2016 // For U.S. property/casualty insurers, net written premium still grew in 2015, but the rate of expansion is slowing, and the industry’s collective combined ratio worsened slightly, according to a new report from ISO...
ITS Adds Daniels as VP, Business Development – Midwest
May 17 2016 // ITS, a Dallas-based insurance technology consulting and services firm, has added Marti Daniels as vice president of business development for the Midwest. Daniels brings significant industry experience to ITS, with more...
AIG Chairman Defends Keeping Both Life and P/C Insurance Units
May 12 2016 // American International Group Inc., which is shrinking under pressure from activist investors, is committed to retaining operations in both life insurance and property/casualty coverage, Chairman Doug Steenland...
Great American Insurance Establishes Specialty P&C Division in Mexico
May 12 2016 // Great American Insurance Group announced today that the Mexican Insurance Commission has granted formal approval to extend the license of its local company, El Águila Compañía de Seguros, S.A. de C.V., to establish a...
W.R. Berkley Forms Berkley Insurance Asia, Naming Gangadharan CEO, Yip as COO
May 12 2016 // W.R. Berkley Corp. announced the formation of Berkley Insurance Asia. Shasi Gangadharan has been named chief executive officer and Aaron Yip has been appointed chief operating officer. The appointments are effective...
Agency Mergers Set Record with ‘Unstoppable Momentum’ in Q1: Optis
May 11 2016 // Insurance agency mergers and acquisitions hit an all-time high for the first quarter of a year, with 109 reported transactions in the first three months of 2016. The pace slightly outstripped 107 deals reported in the...
