Latest Property Casualty Headlines
All the headlines from our Property Casualty Topic Page, ordered by recency.
City of Hope Research, Treatments Boosted by Insurance Industry Pocketbooks
Dec 23 2015 // When many people in the insurance industry think of the City of Hope, they probably associate it with the well-publicized National Insurance Industry Council’s Spirit of Life Award gala each year that has raised...
IICF Unites P/C Industry for Record Year of Giving
Dec 23 2015 // Prev Next Gillis, Ellis & Baker Employees of Gillis, Ellis & Baker Insurance (GEB) spent a recent weekend fixing up the exterior of the Gentilly home of Eleonor Sheppard. The GEB team repaired siding, painted the...
P/C Industry Growing and Aligning Its Charitable Giving
Dec 22 2015 // U.S. property/casualty insurers have increased their charitable giving by an average of 15 percent since 2011, to an industry total of $575 million, outpacing inflation and moving closer to what many industry leaders...
Maryland Commissioner to Meet With Local Farmers to Discuss P/C Insurance
Dec 21 2015 // Maryland Insurance Commissioner Al Redmer, Jr. and Secretary of Agriculture Joe Bartenfelder will hold a joint meeting to promote awareness of insurance products available to the state’s agricultural community. The...
S&P Affirms Zurich’s Ratings; Outlook Stable
Dec 21 2015 // Standard & Poor’s Ratings Services has affirmed its ‘AA-‘ insurer financial strength rating and ‘AA-/A-1+’ long- and short-term counterparty credit ratings on Swiss-based global multiline...
City of Hope Research, Treatments Boosted by Insurance Industry Pocketbooks
Dec 21 2015 // When many people in the insurance industry think of City of Hope, they probably associate it with the well-publicized National Insurance Industry Council’s Spirit of Life Award gala each year that has raised millions...
IICF Unites P/C Industry for Record Year of Giving
Dec 21 2015 // Charity begins at home… and in the office. The year 2015 was a record-setting one for charitable giving and volunteering by property/casualty insurance professionals in offices across the insurance industry. Leading...
Softening of P/C Commercial Markets to Continue: Fitch
Dec 21 2015 // U.S. commercial insurance market segments, including directors and officers (D&O) liability insurance, are continuing to soften and are likely to stay on this path for the near-term even as several large competitors...
Fitch: Overall P/C Reserves Adequate; Prior Years’ Favorable Trend Continues
Dec 18 2015 // Property/casualty insurers continued to take down loss reserves for prior years in 2014, which marked the ninth straight calendar year of favorable development for the industry in aggregate, according to a new report from...
Universal Property & Casualty Insurance Licensed in New Hampshire
Dec 16 2015 // Universal Insurance Holdings Inc. in Fort Lauderdale, Florida, announced that its wholly-owned subsidiary Universal Property & Casualty Insurance Company (UPCIC) received a certificate of authority from the New...
Canada’s Economical Insurance Policyholders Approve Demutualization Plan
Dec 15 2015 // Economical Insurance’s mutual policyholders voted on Monday to allow the Canadian property and casualty insurance firm to demutualize. Demutualization is a regulated process in which a mutual insurance company...
Will AIG Management Shakeup Improve Results?
Dec 14 2015 // American International Group Inc., the insurer being pressured by activist investor Carl Icahn to boost returns, said last week that Chief Financial Officer David Herzog is among top managers leaving the company as Chief...
Entrepreneurs Raise $13 Million to ‘Reinvent’ U.S. P/C Insurance with Peer-to-Peer Insurer
Dec 8 2015 // The U.S. property/casualty insurance industry is about to be tested directly by the sharing economy. Two tech entrepreneurs have raised $13 million in initial funding to launch a peer-to-peer online property/casualty...
Softening of P/C Commercial Markets, Including D&O, to Continue: Fitch
Dec 8 2015 // U.S. commercial insurance market segments, including directors and officers (D&O) liability insurance, are continuing to soften and are likely to stay on this path for the near-term even as several large competitors...
P/C Insurers Told ‘Fresh Approach’ Needed to Face Coming Disruption
Dec 7 2015 // U.S. property/casualty insurers should expect disruptive changes in a number of areas in 2016, including technology, pricing, customer demand, and “heightened regulatory creep,” consultant Ernst & Young...
AIG Reportedly to Raise About $750M From Sale of Shares in China’s PICC P&C
Dec 7 2015 // American International Group is seeking to raise about $750 million by selling part of its stake in China’s state-run PICC Property and Casualty Co. Ltd., according to a term sheet of the deal seen by IFR on...
Cyber, Property Risks Not Easily Separated: Security Expert
Dec 7 2015 // The property/casualty insurance industry must change its approach to cyber security and update its coverage approach to help minimize risks, according to a network security expert. “I don’t think we can easily...
2015 State Specialist P/C Insurers Revealed
Dec 7 2015 // The Demotech Company Classification System categorizes insurers into one of 11 categories based on an analysis of data reported by companies to the National Association of Insurance Commissioners (NAIC). The 11 categories...
Massachusetts Agents Have Over $1B Financial Impact on State
Dec 7 2015 // Eight years after the introduction of managed competition for private passenger auto insurance and the influx of direct writers and direct response companies into Massachusetts, a new study commissioned by the...
Germany’s Talanx Strengthens Bancassurance Presence in Italy
Dec 4 2015 // The Talanx Group, headquartered in Hannover, Germany, is strengthening its bancassurance business in Italy by acquiring the insurance companies belonging to the Italian banking group Gruppo Banca Sella. Via its Italian...
