Latest Property Casualty Headlines
All the headlines from our Property Casualty Topic Page, ordered by recency.
People
Jul 10 2017 // Alan Jay Kaufman, chairman, president and CEO of Detroit/Farmington Hills, Michigan-based H.W. Kaufman Financial Group, has joined the School of Risk Management, Insurance and Actuarial Science board of overseers at the...
People
Jul 10 2017 // San Francisco, Calif.-based Metromile has named Carrie Dolan chief financial officer. Dolan most recently served as CFO of Lending Club, an online credit marketplace connecting borrowers and investors. Prior to Lending...
Burand’s State of P/C Insurance Industry Part 2: How to Pick Winners as More Carriers Consolidate or Waste Away
Jul 9 2017 // Editor’s Note: This is the second of two articles by Burand based on his most recent 50-page whitepaper, State of the P&C Insurance Industry 2017. The whitepaper is available from Insurance Journal’s...
How Consumers Pay Their Insurance Bills: Aite Group
Jul 5 2017 // Aite Group study finds that on average consumers will pay their auto insurance eight times per year and their property insurance five times a year. The Aite Group report, P&C Insurance: How Consumers Pay Their Bills,...
Increase in P/C Insurers’ Losses in 2017 Will Again Be Driven by Auto: S&P
Jun 29 2017 // Private auto net incurred losses will increase by nearly 7 percent in 2017 to a new record of approximately $154 billion, reflecting elevated volume and costs of claims, according to a new S&P Global market...
Partner Re’s CEO of P&C Walker, Chief Risk & Actuarial Officer Pestcoe to Retire
Jun 29 2017 // PartnerRe Ltd. announced that Tad Walker, CEO Property & Casualty, and Marvin Pestcoe, chief risk and actuarial officer, will both retire from the company at the end of the first quarter of 2018. PartnerRe is...
NFP Acquires International Insurance Group in Arizona
Jun 28 2017 // NFP Corp. has acquired Flagstaff, Ariz.-based International Insurance Group Inc. Nate Watson, chief operating officer of IIG, will join as managing director of NFP’s property/casualty business and report directly to...
London-Based Ed Taps Gallagher’s Blacker as Managing Director of P/C
Jun 28 2017 // Ed, the London-based reinsurance, wholesale and specialty broker, announced the appointment of James Blacker as managing director of property and casualty. Blacker will take up his role in December and report to Chris...
P/C Insurers’ Net Income Fell 42.2% in Q1; Catastrophe Losses Topped $7 Billion
Jun 27 2017 // The U.S. property/casualty insurance industry saw its net income fall to $7.7 billion in first-quarter 2017 from $13.4 billion in first-quarter 2016, a 42.2 percent decline. Also, its overall profitability as measured by...
Powered by Homegrown Insurtech, HCI to Expand Flood Insurance Sales to 9 States
Jun 26 2017 // As Congress tries to figure out how to change the federal flood insurance program to encourage more private insurer involvement, one insurer isn’t waiting to wade deeper into the private flood insurance business....
Cyber Insurance Premium Volume Grew 35% to $1.3 Billion in 2016
Jun 23 2017 // Property/casualty insurers wrote $1.35 billion in direct written premium for cyber insurance in 2016, a 35 percent jump from 2015, according to reports by Fitch Ratings and A.M. Best. The largest cyber insurance writers...
U.S. P/C Insurance Industry Keeps Quiet on Trump Exit from Paris Climate Accord
Jun 19 2017 // The U.S. property/casualty insurance industry, which has been facing rising claims bills for extreme weather events, mostly reacted with silence to President Donald Trump’s decision to withdraw the country from the...
People
Jun 19 2017 // Stephens Insurance LLC, an affiliate of Stephens Inc., an independent, full service investment banking firm, has opened a property and casualty brokerage office in Birmingham, Ala. The new team–made up of Tice Young,...
House Committee Advances 2 Flood Insurance Bills; More to Come
Jun 16 2017 // The House Financial Services Committee on Thursday passed two bills to reform the National Flood Insurance Program (NFIP). One is a broad reform proposal that seeks to encourage more private insurance and move the program...
Loppnow Joins Lockton as Property/Casualty Unit Manager in Milwaukee
Jun 15 2017 // Kevin Loppnow has joined Lockton’s Milwaukee office as a property/casualty unit manager. Loppnow is an industry veteran with more than 25 years of experience as a property/casualty strategist. He previously worked...
Seeman Holtz Acquires Wisconsin’s Vincent, Urban, Walker & Assoc.
Jun 13 2017 // Seeman Holtz Property and Casualty Inc. has acquired Vincent, Urban, Walker & Associates, an independent insurance agency headquartered in Green Bay, Wis. Doug Walker and his partners at Vincent, Urban, Walker &...
Burand’s State of P/C Insurance Industry, Part 1: Agencies Facing Paradigm Shift
Jun 13 2017 // Editor’s Note: This is the first of two articles by Burand based on his most recent 50-page whitepaper, State of the P&C Insurance Industry 2017. The whitepaper is available from Insurance Journal’s...
Top 100 P/C Agency Submission Deadline Extended
Jun 12 2017 // Don’t miss out on your chance to become one of Insurance Journal’s Top 100 Independent Property/Casualty Agencies. Extended Deadline Now: June 19 Insurance Journal will publish its annual list of the Top 100...
Henningsen Named President of Lockton’s P/C Insurance Operation in Houston
Jun 9 2017 // Kansas City-based insurance broker, Lockton, has namedJeff Henningsenas president of its Houston Property & Casualty Insurance Operation. Henningsen will take on an expanded leadership role in business development for...
1347 Property Insurance Holdings Appoints Case as Chief Operating Officer
Jun 8 2017 // 1347 Property Insurance Holdings, Inc., a property and casualty insurance holding company based in Tampa, Fla., has appointed Dan Case to the position of chief operating officer. Case will be responsible for strategies and...
