Latest Property Casualty Headlines
All the headlines from our Property Casualty Topic Page, ordered by recency.
P/C Insurers’ CFOs Point to Hardening Markets: Towers Watson Survey
Oct 22 2013 // Chief financial officers with leading North American property/casualty insurers believe both property and casualty insurance markets are in the midst of hardening, according to a new North American Property & Casualty...
P/C Stock Valuations Unlikely to Improve Much in Near Term: Conning
Oct 10 2013 // While property/casualty insurance stock valuation levels are finally exceeding book values after four years of below-book levels, a near-term return to higher historical valuation levels is unlikely, according to a new...
Florida Fines Universal P&C Co. $1.26M
Oct 9 2013 // Florida’s second largest property insurer is paying a fine of $1.26 million. Florida Insurance Commissioner Kevin McCarty announced Monday that Universal Property & Casualty Insurance Co. has agreed to pay the...
Top 10 Market Conduct Complaints by Regulators Against P/C Insurers
Oct 9 2013 // Failure to handle claims within specified time frames and using unapproved forms and rates are the top two criticisms of property/casualty insurers by market conduct regulators, according to a new report. Waltham,...
Forecast for 2014 Commercial P/C Pricing: Willis
Oct 9 2013 // Commercial property insurance buyers could see prices fall from 10 to 20 percent on non-catastrophe risks in 2014 thanks to the influx of alternative capital to the insurance industry, insurance and reinsurance broker...
Moody’s: China’s P/C Insurers to Benefit from Shanghai Free Trade Zone
Oct 7 2013 // The new Shanghai free trade zone should benefit property/casualty insurers, particularly those in marine/cargo and liability insurance, according to Moody’s Credit Outlook. On Sept. 29, the date that Shanghai’s...
Best Agency to Work For – Southeast
Oct 7 2013 // Senn-Dunn Insurance, Greensboro, North Carolina Senn-Dunn: Open, Really Open, for Business … and Producer Ownership Too many cooks spoil the broth? Not at Senn-Dunn Insurance. The Greensboro, N.C., agency — the...
Best Agency to Work For – Overall
Oct 7 2013 // Kapnick Insurance Group, Adrian, Michigan Third Generation-Owned Kapnick Insurance Group Stays True to Family Values Fair, professional, ethical and transparent – just a few of the words employees used to describe...
N.J. Regulators Requesting Updated Sandy Claims Data From Insurers
Oct 4 2013 // The New Jersey Department of Banking and Insurance recently announced a new data call request to the insurance industry to evaluate Superstorm Sandy-related claims and monitor market conditions for property/casualty...
What to Know About NARAB or National Producer Licensing: Bissett of Big ‘I’
Oct 3 2013 // If and when the federal government resumes operations, a multistate producer licensing reform bill long pushed by the country’s insurance agent lobby could be among the few bipartisan pieces of business Congress...
Underwriting, Investment Gains Boosted P/C Insurers’ Bottom Line in First Half 2013
Oct 3 2013 // Private U.S. property/casualty insurers’ net income after taxes rose to $24.5 billion in first-half 2013 from $17.2 billion in first-half of last year. Insurers’ overall profitability as measured by their...
CNA Said Looking to Sell Annuities Unit to Focus on P/C
Oct 1 2013 // CNA Financial Corp., the insurer controlled by Loews Corp., is looking to sell its payout annuities business to focus on property and casualty coverage, three people with knowledge of the matter said. CNA is working with...
Florida’s Heritage Insurance Names Russell Chief of Underwriting, Sales
Oct 1 2013 // Florida homeowner insurer Heritage Property & Casualty Insurance has named Mel Russell as its new chief underwriting officer, executive vice president and director of Sales and Marketing. Russell has 36 years of...
Federal Government Shutdown Effect on P/C Insurance Industry
Sep 30 2013 // If Congress fails to agree by midnight tonight on a resolution to continue funding the federal government, the property/casualty insurance industry should not be seriously affected by the resulting shutdown. The insurance...
Florida Consumer Advocate Westcott Resigns for Job with Industry
Sep 27 2013 // Florida’s Consumer Advocate Robin Westcott has resigned to become the vice president of the American Association of Insurance Services, an Illinois-based industry organization that develops standardized forms and...
Wholesaler Socius Names Dross as Vice President in Florida
Sep 27 2013 // Socius Insurance Services Inc., a management liability and property/casualty insurance wholesaler, announced it has hired Matt Dross as vice president, Property /Casualty Practice. Dross will be based in Tampa,...
Moody’s: Moderate Reserve Releases in U.S. P/C Industry to Continue
Sep 26 2013 // U.S. property and casualty (P/C) insurers continue to release reserves to support earnings, said Moody’s Investors Service in two recent reports. U.S. P/C insurers released $9.0 billion of reserves during the first...
Tech Firm Trōv Promises to Reinvent ‘Insurance to Value’ for P/C Industry
Sep 25 2013 // A high tech start-up is promising to raise the standard for determining “insurance to value” by giving property/casualty insurance companies and brokers access to real-time data on their upscale insureds’...
Surplus Lines Took Hit from Sandy in 2012 But Appears Back on Track in 2013
Sep 23 2013 // Surplus lines insurers in 2012 posted one of their worst years overall as their underwriting performance fell below that of the total property/casualty (P/C) industry for the first time in more than a decade. Much of the...
Good Times in Surplus Lines
Sep 23 2013 // Wholesalers Thrive Amid Change The surplus lines industry is letting the good times roll. Well, not exactly. But times are good and getting better for wholesalers and insurers doing business in the specialty insurance...
