Latest Property Casualty Headlines
All the headlines from our Property Casualty Topic Page, ordered by recency.
P/C Insurers Face $1 Billion Tab for February Storms in U.S.
Mar 9 2015 // February storms in the U.S. are expected to cost insurers more than $1 billion, according to the latest Global Catastrophe Recap from Aon Benfield’s Impact Forecasting. Five separate storm systems hit the U.S. during...
New Hires in 2015
Mar 9 2015 // About two-thirds of insurance carriers expect to hire more employees this year, a new survey finds. According to the semi-annual U.S. Insurance Labor Outlook Study conducted by The Jacobson Group and Ward Group, 66 percent...
4 Reasons Direct Mail Should Be Part of Your Plan to Acquire New Customers
Mar 9 2015 // As an independent insurance agent you’re an expert in many things. You understand the right questions to ask in order to provide the right level of coverage. You know how to overcome price sensitivity by explaining...
A Closer Look at Berkshire Hathaway’s Insurance Operations
Mar 4 2015 // Carrier Management Special Report Warren Buffett’s insurance beginnings and predictions; breaking out the insurance and reinsurance results; the growth and expectations for Berkshire Hathaway Specialty Insurance;...
State Farm Reports 2014 Underwriting Loss, Operating Profit
Mar 4 2015 // State Farm reported an underwriting loss in 2014, though investment and other income still helped leave it with an operating profit. The insurer’s combined property/casualty underwriting loss landed at $939 million,...
Oklahoma Commissioner Warns Insurers on Denial of Earthquake Claims
Mar 4 2015 // With the dramatic increase in the number of earthquakes in Oklahoma — which some say are at least partly attributed to waste water injection wells related to the practice of hydraulic fracturing in oil and gas drilling...
Insurance Carriers Plan Increased Hiring in 2015: Survey
Feb 27 2015 // About two-thirds of insurance carriers expect to hire more employees this year, a new survey finds. According to the semi-annual U.S. Insurance Labor Outlook Study conducted by The Jacobson Group and Ward Group, 66 percent...
MacNeill Group Selected to Grow Commercial Property and Casualty Business
Feb 27 2015 // Sunrise, FL, February 27, 2015 – MacNeill Group, a wholly-owned subsidiary of Team Focus Insurance Group (Team Focus), and a licensed managing general agent (MGA) specializing in commercial, personal, transportation and...
Johnston Promoted to P/C Underwriter at Michigan-Based J.M. Wilson
Feb 23 2015 // Managing general agency and surplus lines broker J.M. Wilson promoted Samantha Johnston to property/casualty underwriter in its Portage, Mich., office. Samantha Johnston Johnston will be responsible for quoting, binding...
2015 Outlook for P/C: Profitable Despite Lower Rates, Says Wells Fargo
Feb 20 2015 // The commercial property/casualty insurance market should remain stable and profitable in 2015, according to the Wells Fargo Insurance 2015 Insurance Market Outlook. Abundant market capacity and an improving economy have...
J.M. Wilson Promotes Tobolic to P/C Underwriter in Michigan
Feb 19 2015 // Insurance wholesaler J.M. Wilson has promoted Thomas Tobolic to property/casualty underwriter in its Portage, Mich. office. Thomas Tobolic Tobolic is responsible for quoting new and renewal accounts for a wide variety of...
AIG Q4 Profit Drops on Debt Repayments, Reserve Charges
Feb 13 2015 // American International Group Inc., the largest commercial insurer in the U.S. and Canada, said profit declined 67 percent on costs to pay down debt and add to reserves. Net income fell to $655 million, or 46 cents a share...
President of Florida’s Homeowners Choice to Retire
Feb 11 2015 // President of Homeowners Choice Property & Casualty Insurance Co., Scott Wallace, plans to retire at the end of May 2015 after 37 years in the insurance industry, according to a statement from Homeowner’s...
P/C-Focused Hartford Sees Profit Rise 22% in Q4
Feb 10 2015 // Hartford Financial Services Group Inc., the insurer that sold life units to focus on property/casualty coverage, said fourth-quarter profit rose 22 percent as sales climbed at its main unit and margins improved. Net income...
P/C Insurers Expanding Use of Predictive Modeling
Feb 9 2015 // Property /casualty insurance executives believe that predictive modeling has become an essential or very important driver of improved performance over the past six years and they are broadening their use of the application...
P/C Insurers’ Surplus Rose, Profit Fell in 2014’s First 9 Months
Feb 9 2015 // The first nine months of 2014 saw policyholders’ surplus for the U.S. property/casualty insurance industry reach record levels. At the same time, net income after taxes declined substantially and overall...
XL Group Reports $293.9 Million Q4 Net Income; $999.2 Million for 2014
Feb 3 2015 // XL Group plc reported its fourth quarter and full year 2014 results. Highlights include: Operating net income of $293.9 million, or $1.12 per share, for the fourth quarter of 2014, compared with $286.9 million for the same...
4 CAA Agencies Expand Through M&As
Jan 30 2015 // Austin, Texas-based Combined Agents of America LLC (CAA) announced that member agencies have expanded their books of business and locations through mergers and acquisitions (M&A) over the last nine months. Together,...
ACE Reports $827 Million Q4 Operating Income; $3.3 Billion Full-Year
Jan 29 2015 // ACE Limited reported Q4 operating Income of $827 Million and record full-year Earnings of $3.3 Billion, up 4.7 percent per share. Net income for the fourth quarter ended December 31, 2014, was $1.66 per share, compared...
P/C Insurers’ Surplus Rose, Profitability Fell in 2014’s First 9 Months
Jan 28 2015 // The first nine months of 2014 saw policyholders’ surplus for the U.S. property/casualty insurance industry reach record levels. At the same time, net income after taxes declined substantially and overall...
