Latest Property Casualty Headlines
All the headlines from our Property Casualty Topic Page, ordered by recency.
UK Online Aggregators Now Have 40% of Personal P/C, but not Commercial
Mar 25 2013 // “Online aggregators have revolutionized the distribution of personal lines insurance in the UK,” concludes a study from Finaccord, a market research, publishing and consulting company specializing in financial...
Insurer Readiness on Long-Term Effects of Climate Change Called Into Question: Report
Mar 25 2013 // Insurers rank well in readiness for handling the short-term challenges of extreme weather events, but fall short in preparedness for the long-term effects of climate change, a new report says. A report that surveyed...
Analysis Highlights Sandy’s Impact on Underwriting Results
Mar 25 2013 // Financial information firm SNL Financial’s preliminary analysis of more than 2,600 individual P/C filer’s 2012 statutory data illustrates how big of an impact Superstorm Sandy had on the filers’...
Munich Re Study Sees Asia Pacific Dominating Insurance Growth by 2020
Mar 20 2013 // “Asia-Pacific will be the dominant driver of world insurance growth by 2020,” according to a study published by Munich Re’s Economic Research Department. The report forecasts that premium income for the...
Leavitt Group Names Evans, Kelly, Peckinpauch in California
Mar 18 2013 // The Leavitt Group’s Los Angeles office named Amy Evans, James Kelly and Terri Peckinpauch to posts in the agency. Evans is a vice president in the employee benefits division with a focus on middle market clients in...
Fitch: P/C Insurer Profit Up in 2012; Reinsurers Recover
Mar 18 2013 // Property/casualty insurers’ operating profits improved in 2012, driven by reduced incurred losses from natural catastrophes and core loss ratio improvements from recent underwriting and pricing actions. Fitch...
Fitch: Survey Finds P&C Insurers’ Profits Up; Reinsurers Recovering
Mar 18 2013 // “Property/casualty insurers’ operating profits improved in 2012, driven by reduced incurred losses from natural catastrophes and core loss ratio improvements from recent underwriting and pricing actions,”...
The Hanover, OMS National Offer P/C Program to OMS Surgeons
Mar 15 2013 // The Hanover Insurance Group has joined forces with OMS National Insurance Co., RRG (OMSNIC) to offer a program of property/casualty insurance products to OMSNIC’s insured oral and maxillofacial surgeons (OMS). The...
SNL Analysis Highlights Sandy’s Impact on P/C Underwriting Results
Mar 14 2013 // Financial information firm SNL Financial’s preliminary analysis of more than 2,600 individual property/casualty filer’s statutory data illustrates how big of an impact Superstorm Sandy had on the filers’...
Capital Growth Outpaced P/C Premiums In 2012: Moody’s
Mar 13 2013 // Moody’s Investor’s Service reported that the property/casualty insurance industry’s capital growth outpaced premium growth last year, and that earnings for the year jumped nearly 50 percent over...
Markel Names Falvey Director of Public Entity Product Line For West
Mar 12 2013 // Brendan Falvey was named director of the public entity product line for the Markel Corp.’s West Region. Falvey is responsible for managing existing West Coast public entity client and broker relationships and...
Agents Hang Onto P/C Market But Lose Ground in Personal Auto: Study
Mar 11 2013 // After experiencing dwindling premiums for years, the property/casualty insurance industry managed to grow substantially in 2011. Independent agents and brokers hung onto their share of the market with some independent...
Texas Market Share: Homeowners and Personal Auto
Mar 11 2013 // Top 40 Insurers/Homeowners Based on 2011 Texas Written Premium Rank Company $ Written Premium % of Market 1 State Farm Lloyds $1,678,075,665 28.09% 2 Allstate Texas Lloyd’s 462,398,477 7.74% 3 Texas Farmers Ins....
Report Questions Insurer Readiness, Attitudes on Climate Change
Mar 7 2013 // A report out Thursday that details responses to a climate change survey from insurers doing business in California, Washington and New York shows many insurers are prepared to deal with today’s extreme weather...
SCOR Posts $545 Million 2012 Net Income; Strong Growth
Mar 7 2013 // France’s SCOR Group reported a solid performance for 2012, which it said “continues to combine growth, profitability and solvency.” Highlights for the year were listed as follows: •Gross written...
Lockton Adds Budworth, Ruback as VPs, Account Execs in Chicago
Mar 5 2013 // Lockton Cos. appointed Mary Anne Budworth and Amanda Ruback as vice presidents and account executives in Chicago. Budworth has more than 19 years of experience managing both property/casualty and life and health insurance...
Best Affirms Hartford and Subs Ratings; Downgrades Hartford Life Companies
Mar 5 2013 // A.M. Best Co. has removed from under review with negative implications and downgraded the financial strength ratings (FSR) to ‘A-‘ (Excellent) from ‘A’ (Excellent) and the issuer credit ratings...
DeVos Promoted to Vice President at Assurance
Mar 1 2013 // Melanie DeVos has been promoted to vice president, Client Services – Property and Casualty at Assurance, an independent insurance brokerage located in Schaumburg, Ill., and St. Louis, Mo. This newly created role is...
Erie Indemnity Posts $160M Profit for Full-Year 2012
Feb 28 2013 // Erie Indemnity Company, the managing company for Erie Insurance, posted 2012 fourth-quarter earnings of $30 million, up 15 percent from earnings of $26 million in the fourth quarter of 2011. Operating income was $29...
Best Affirms American Financial, Most Subs Ratings; Upgrades Mid-Continent
Feb 25 2013 // A.M. Best Co. has affirmed the issuer credit rating (ICR) of “bbb+” and all debt ratings of American Financial Group, Inc. (AFG), as well as the financial strength rating (FSR) of ‘A’ (Excellent)...
