Latest Property Casualty Headlines
All the headlines from our Property Casualty Topic Page, ordered by recency.
Profit Lessons in Commercial Auto, Workers Comp and Other Business
Oct 25 2019 // Progressive has a competitive edge over long-term players in the commercial auto insurance market and national carriers outpace regionals on workers compensation profit measures, according to a new report from Guy...
Sompo International Adds Email Security Review Services to Cyber Policies
Oct 25 2019 // Sompo International Holdings Ltd., a Bermuda-based specialty provider of property and casualty insurance and reinsurance, has partnered with SecurIT360, a full-service security consulting firm, and The Crypsis Group, a...
W. R. Berkley Corporation Appoints LeBlanc as President of Acadia Insurance
Oct 22 2019 // W. R. Berkley Corporation has appointed David J. LeBlanc as president of Acadia Insurance, a Berkley Company. He succeeds Douglas M. Nelson, who has been appointed chairman of Acadia Insurance. The appointments are...
Reinsurers Look at Cyber’s Massive Growth Possibilities-With Caution
Oct 22 2019 // Reinsurers are aware they must constantly invent new solutions in order to stay relevant for their clients. Yet, they admit they are sometimes challenged to close the protection gap for new and emerging risks such as...
Insuring Cannabis Summit Announces Agenda and Speakers
Oct 14 2019 // October 14, 2019 San Diego, CA – Today Insurance Journal has announced the agenda and speakers for the Insuring Cannabis Summit. This is a virtual, all-day event beginning at 9am Pacific on Thursday, October 17,...
Tate Joins EPIC’s Property/Casualty Unit in Dallas
Oct 9 2019 // EPIC Insurance Brokers and Consultants has added Dave Tate to its property/casualty operations in Dallas, as a principal, reporting to EPIC Managing Principal and Director of the Southwest Region KJ Wagner. Tate will be...
Cybersecurity Awareness Month: Time to Close the Cyber Coverage Gaps
Oct 8 2019 // As Cybersecurity Awareness Month is underway, it may be time for businesses – especially small- or mid-sized firms – to assess their understanding of current cyber risks and whether they’re adequately covered...
Surplus Lines Premium Grows in Response to Weak Results; Top 15 E&S Writers: Fitch
Oct 7 2019 // Direct written premiums in the U.S. excess and surplus (E&S) lines market during 2018 grew at its greatest rate since 2012, increasing 11% and representing the eighth consecutive year of premium growth, according to...
How the Future of Insurtech Innovation Is Tied to the Traditions of Regulation
Oct 3 2019 // It’s no secret: Innovators and regulators often clash. But both are needed to help enable a dynamic, consumer-friendly property/casualty industry in the future, insurance and insurtech experts said...
American Family Insurance Closes Acquisition of Wisconsin’s Ameriprise Auto & Home
Oct 1 2019 // American Family Insurance Mutual Holding Co. (American Family Insurance) has completed its purchase of Wisconsin-based property/casualty insurer, Ameriprise Auto & Home (AAH). American Family Insurance is based in...
Madden Joins Alliant’s Southeast P&C Team in Atlanta
Oct 1 2019 // Alliant Insurance Services has added Atlanta-based Allen Madden to its Southeast property and casualty team as vice president. Madden will provide integrated risk and insurance products to clients throughout the...
MS Amlin Exits 9 Non-Core Classes of Business, with a New Focus on 3 Core Markets
Oct 1 2019 // MS Amlin, the London-based re/insurer and subsidiary of MS&AD, announced a new underwriting strategy that focuses on three core, non-commodity markets, while exiting nine non-core markets, which no longer fit in its...
Strong E&S Premium Growth in Response to Weak Results; Top 15 E&S Writers: Fitch
Sep 30 2019 // Direct written premiums in the U.S. excess and surplus (E&S) lines market during 2018 grew at its greatest rate since 2012, increasing 11% and representing the eighth consecutive year of premium growth, according to...
AXA XL, Accenture Partner to Provide Cyber-Security Services to AXA XL Clients
Sep 26 2019 // AXA XL and Accenture are partnering to offer global cyber-security expertise to AXA XL’s underwriters, brokers and clients to strengthen their cyber capabilities and recover from cyber attacks. AXA XL — AXA’s...
AM Best Report: Credit Ratings of Farm Bureaus Remain Favorable
Sep 26 2019 // AM Best-rated farm bureaus within the U.S. property/casualty (P/C) insurance segment have experienced steady growth in net premiums written (NPW) in the past decade, unlike their life/annuity (L/A) counterparts, which have...
Ratings of First Chicago Insurance, United Security Health and Casualty Upgraded
Sep 25 2019 // Ratings agency AM Best has upgraded the Financial Strength Rating (FSR) to B- (Fair) from C++ (Marginal) and the Long-Term Issuer Credit Rating (Long-Term ICR) to “bb-” from “b+” of First Chicago...
Excess & Surplus Market Soars as Standard Carriers, Lloyd’s Drop Accounts
Sep 24 2019 // Demand for surplus lines insurance rose dramatically in 2018 and is continuing to expand this year, so much so that some in the sector are feeling a bit overwhelmed. The excess and surplus lines sector is enjoying its...
Good Leaders Challenge the Status Quo-and Themselves: SCOR’s Conoscente
Sep 23 2019 // Jean-Paul Conoscente became the CEO of SCOR Global P&C in April 2019 when his predecessor, Victor Peignet, retired after 35 years with the company. Before Peignet left the company, he offered Conoscente a sage piece of...
Staying Profitable in an Increasingly Fragmented World: SCOR Global P&C CEO
Sep 23 2019 // There are several things that keep SCOR’s Jean-Paul Conoscente awake at night. Climate change is one of them; cyber risk is another. Only time will tell whether these risks are actually insurable, cautions...
Louisiana Commissioner Donelon: Tort Reform Needed to Fix Auto Insurance Crisis
Sep 20 2019 // When Louisiana voters go to the polls on Oct. 12, they will have a choice between two Republican opponents in the race for insurance commissioner: current commissioner, Jim Donelon, a former state legislator who has held...
