Latest Property Casualty Headlines
All the headlines from our Property Casualty Topic Page, ordered by recency.
Dickerson Joins Maryland Insurance Administration as Associate Commissioner
Jun 11 2015 // Maryland Insurance Commissioner Al Redmer, Jr., announced the appointment of Lynn Dickerson as the Maryland Insurance Administration’s (MIA) new associate commissioner, Property and Casualty. Dickerson brings years...
Universal Property & Casualty Insurance OK’d to Write in Michigan
Jun 9 2015 // Florida-based Universal Insurance Holdings Inc. announced that the Michigan Department of Insurance issued a Certificate of Authority to Universal Property & Casualty Insurance Co. (UPCIC), establishing UPCIC as a...
The Academy of Insurance Has a New Look and a New Way to ‘Learn from the Best’
Jun 8 2015 // San Diego, California, June 8, 2015 – The property/casualty insurance online learning center, the Academy of Insurance, unveiled a fresh brand identity along with a new all-access membership program today. Established...
Price Declines Slow on June U.S. Reinsurance Renewals: Guy Carpenter
Jun 5 2015 // After two years of price decreases averaging 15 percent on U.S. property catastrophe placements, risk-adjusted pricing moderated at the most recent June renewals. Reinsurance broker Guy Carpenter & Co. reported that...
Fraudster Huff with ‘Staggering’ Record and ‘Chutzpah’ Gets 12 Years in Prison
Jun 5 2015 // A Kentucky businessman was sentenced on Thursday to 12 years in federal prison for a series of massive frauds, including a $53 million tax scheme, the bribing of bank officials and the defrauding of bank and insurance...
What Agents Want for Future Growth: Channel Harvest Survey
Jun 4 2015 // Most independent insurance agents are interested in adding new carriers to those they place business with – but very few independent agents are interested in adding new products to the selection of products and services...
Universal Property & Casualty Writes 1st Homeowners Policy in Pennsylvania
Jun 3 2015 // Universal Insurance Holdings Inc. announced that the Pennsylvania Insurance Department has approved the homeowners insurance rates and forms of its wholly-owned subsidiary, Universal Property & Casualty Insurance...
10 Things to Know About Financial Institutions
Jun 1 2015 // 1.Financial institutions are increasingly being scrutinized by regulators, both federal and state, about their safeguards to protect sensitive customer information. These regulatory inquiries are not only focused on the...
J.M. Wilson Adds Farr as P/C Underwriter in Missouri
May 27 2015 // Insurance wholesaler J.M. Wilson added Andrea Farr in its Kansas City, Mo., office, as a property/casualty underwriter. Farr will serve independent insurance agents in Missouri, Kansas, Oklahoma, Arkansas, Mississippi and...
For P/C Insurers, 2014 Was Better Than Average Year
May 26 2015 // Analysts who predicted the U.S. property/casualty industry would have a tough time topping its 2013 results in 2014 were largely correct as there was some slippage. However, while property/casualty insurers were not as...
NFP Acquires Horenberg Insurance Services in Maryland
May 21 2015 // NFP, a New York City-based provider of employee benefits, property/casualty insurance, retirement and wealth management services, announced it has acquired Horenberg Insurance Services Inc., an independent agency in...
Amlin Reports 1.4% Drop in Q1 Gross Written Premiums to $1.96 Billion
May 21 2015 // London-based Amlin plc reported gross written premium for the three months ended March 31, 2015 of £1.26 billion ($1.96 billion), compared with £1.27 billion ($1.97 billion) reported for the said period in 2014. At...
Massachusetts DOI Issues Bulletin on Certificates of Insurance Law
May 18 2015 // The Massachusetts Division of Insurance (DOI) issued a bulletin to provide guidance on the implementation of Massachusetts General Laws Chapter 175L, concerning the issuance of certificates of insurance. Chapter 175L was...
MSIG at Lloyd’s Hires Eyres in Property Underwriting; Dougall Heads P&C
May 18 2015 // MSIG at Lloyd’s, the international specialty arm of Mitsui Sumitomo Insurance Group, has appointed Martin Eyres as property underwriting manager and promoted Andrew Dougall as head of property and casualty. Eyres,...
P/C Insurers Post Underwriting Profit, Record Surplus for 2014
May 18 2015 // The U.S. property/casualty insurance industry posted its second consecutive year of profitable underwriting results in 2014, according to A.M. Best. Surplus for this sector increased by $21.9 billion and reached another...
Hannover Re’s Q1 Net Income Increases 20.1% to $311.8 Million
May 6 2015 // During the first quarter, Hannover Re generated net income of 279.7 million euros ($311.8 million), a 20.1 percent increase over the 233.0 million euros ($260 million) reported for the same period last year. “The...
SCOR Posts $196 Million Q1 Net Income; GWP up 17% to $3.5 Billion
May 6 2015 // French reinsurer SCOR made a strong start to 2015; posting consolidated net income in the first quarter of €175 million [$196 million], a 29.6 percent gain from the €135 million [$151.3 million] in Q1 2014. SCOR listed...
Henderson Brothers Hires St. Myer as P/C Account Executive in Pittsburgh
May 5 2015 // Bradley St. Myer Henderson Brothers Inc., an independent insurance agency based in Pittsburgh, hired Bradley St. Myer as property/casualty account executive. St. Myer brings more than 10 years of insurance sales experience...
P/C Insurers Post Underwriting Profit, Record Surplus for 2014
May 5 2015 // The U.S. property/casualty insurance industry posted its second consecutive year of profitable underwriting results in 2014, according to A.M. Best. Surplus for this sector increased by $21.9 billion and reached another...
Best Affirms Ratings of XL and Subs; Removes from Under Review
May 4 2015 // A.M. Best has removed from under review with negative implications and affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and the issuer credit ratings (ICR) of “a+” of the ongoing...
