Latest Property Casualty Headlines
All the headlines from our Property Casualty Topic Page, ordered by recency.
ACE to Acquire Chubb in $28.3 Billion Deal
Jul 1 2015 // In a major transaction, ACE Limited has agreed to acquire The Chubb Corp. for $28.3 billion in cash and stock. The two firms said the combined company will have complementary businesses, skills and distribution and greater...
NFP Property & Casualty Acquires Texas’ AutoGroup Services
Jun 25 2015 // Insurance broker and consultant, NFP, has acquired specialty agency AutoGroup Services (AGS), based in Fort Worth, Texas. Founded in 2000, AGS consults with auto dealerships to help maximize the profitability of their...
Oklahoma Mourns P/C Insurance Guaranty Assoc. Manager Fitch
Jun 24 2015 // The Oklahoma Insurance Department reported the loss of Larry W. Fitch, 71, who was the general manager of the Oklahoma Property and Casualty Insurance Guaranty Association. Fitch died on June 19. “Larry has played a...
Main Street America Appoints Root as VP in Florida Headquarters
Jun 24 2015 // Janet Root The Main Street America Group announced Janet Root has been appointed vice president of internal audit at the super-regional property/casualty insurance company. She replaces former internal audit vice president...
Barney & Barney Names Quigley P/C Director in California
Jun 22 2015 // Barney & Barney Insurance Services LLC has named Sam Quigley director of property/casualty. Quigley will work in the firm’s Orange County, Calif. office, where he will focus on building the firm’s presence...
Arthur J. Gallagher to Acquire William Gallagher Associates in Boston
Jun 15 2015 // Arthur J. Gallagher & Co. announced today that it has signed a definitive agreement to acquire substantially all the assets of William Gallagher Associates Insurance Brokers Inc. (WGA), headquartered in Boston,...
USI Acquires First Merchants’ Insurance Brokerage
Jun 15 2015 // USI Insurance Services (USI) has acquired Indiana-based First Merchants Insurance Group, a retail property/casualty and employee benefits insurance brokerage operation, from First Merchants Corp. (First Merchants). This...
UK’s Allianz Commercial Promotes Higham to Property Account Manager
Jun 15 2015 // Allianz Commercial has announced the promotion of Paul Higham to the position of property account manager. Higham’s appointment is the third appointment made in the newly aligned property and casualty team, said the...
EPIC Taps Laney as Broker and Principal in Northern California
Jun 11 2015 // Edgewood Partners Insurance Center has named Brian Laney a property/casualty insurance broker, producer and principal in its Sacramento, Calif. office. Laney will be responsible for new business development and the design...
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...
