Latest Property Casualty Headlines
All the headlines from our Property Casualty Topic Page, ordered by recency.
P/C Insurance Pros Under Pressure to Predict Super Bowl Scenarios
Jan 28 2015 // Property/casualty insurance professionals are being asked to predict not only the winner of the 2015 Super Bowl this Sunday but also whether certain scenarios are likely to occur. Such as whether Seattle Seahawks running...
Wells Media Announces C-Suite, Managerial Promotions
Jan 28 2015 // Property/casualty insurance media company Wells Media Group announced four C-suite and managerial staff promotions this week. Julie Tinney now serves as chief marketing officer, Josh Carlson has been promoted to chief...
Jung Appointed Director of P/C Business Development at Oswald Cos.
Jan 26 2015 // Ohio-based Oswald Companies appointed Jessica Jung to the position of director of business development, property/casualty. Jessica Jung Jung joins Oswald with more than 15 years of experience at Chubb Insurance, most...
Not All Program Market Competition Is Good
Jan 26 2015 // The program insurance business market has enjoyed years of growth and appears on track to continue its expansion. However, while program business is attracting new interest, some participants are cautioning that not all...
Texas Bill Would Protect P/C Agent Ownership of Expiration Rights
Jan 26 2015 // A bill filed in the Texas Legislature for the 2015 session would clarify that insurance agents in the state have exclusive ownership of the expiration rights to property/casualty insurance policies they sell and place. HB...
Universal Holdings P/C Subsidiary Enters Indiana Homeowners Market
Jan 23 2015 // Florida-based Universal Insurance Holdings Inc. reported that the Indiana Department of Insurance has approved the homeowners insurance forms of its wholly-owned subsidiary, Universal Property & Casualty Insurance Co....
Glatfelter Insurance Group Announces 2 Promotions in Pennsylvania
Jan 22 2015 // Glatfelter Insurance Group (GIG) in York, Pennsylvania, promoted John Solari to president of Glatfelter Underwriting Services and chief underwriting officer for Glatfelter Programs, and Jim Partridge to president of...
P/C Insurers See Surge in Cyber Insurance, M&A Activity in 2015
Jan 15 2015 // Property/casualty insurance executives overwhelmingly predict growth in both cyber insurance and merger and acquisitions (M&A) activity in 2015, according to a new Insurance Information Institute annual...
Texas Bill Would Protect P/C Agent Ownership of Expiration Rights
Jan 13 2015 // A bill filed in the Texas Legislature for the 2015 session would clarify that insurance agents in the state have exclusive ownership of the expiration rights to property/casualty insurance policies they sell and place. HB...
Readers’ Choice: Cyber Risk Was Top P/C News of 2014
Jan 12 2015 // InsuranceJournal.com asked readers what they thought was the most important property/casualty insurance story of 2014. Cyber risk came in on top, followed by news about Uber and ridesharing services. Here’s how the...
Independent Agents See Carriers’ Online Sales As Major Threat: Accenture Survey
Jan 11 2015 // Independent insurance agents’ strengths in customer service and risk management could be challenged by changing consumer behaviors, new technologies and the evolving competitive landscape, according to a new report...
Reynolds Named President and CEO of Gulfstream P/C
Jan 9 2015 // Gulfstream Property and Casualty Insurance Co., a regional property carrier providing homeowners, renters, condominium and fire coverage in five states, has appointed industry veteran Douglas W. Reynolds as president and...
Topel Joins Hays Cos. in Chicago as President of Property/Casualty
Jan 6 2015 // Hays Companies announced Steve Topel has joined its Chicago operations as president of property and casualty. He will be responsible for spearheading new business development, overall office leadership, and recruiting...
China’s Fosun to Buy Meadowbrook Insurance for $433M
Dec 31 2014 // China investment group Fosun International Limited has agreed to acquire Meadowbrook Insurance Group Inc. of Southfield, Michigan for approximately $433 million, or $8.65 per share in cash. Fosun said that the acquisition...
Report: Texas Insurance Industry Impacts State Economy in a Big Way
Dec 23 2014 // A new study commissioned by group of state and national trade associations shows that the insurance industry — including both the property/casualty and life/health sectors — positively impacts the Texas economy. For...
ACE to Buy Fireman’s Fund Personal Lines; Famous Brand Fading Away
Dec 18 2014 // Allianz Group has agreed to sell the U.S. personal lines business of its Fireman’s Fund unit to ACE for $365 million by means of renewal rights arrangement. The merger of the personal lines business with ACE and the...
UPC Insurance to Acquire Family Security Holdings
Dec 16 2014 // United Insurance Holdings Corp. (UPC Insurance) said it plans to acquire Family Security Holdings LLC for $9 million. The transaction is expected to close by Jan. 31, 2015. FSH is an insurance holding company with two...
Carrier Management, Insurance Journal Win Folio Media Awards
Dec 15 2014 // Wells Media Group’s newest publication for property/casualty insurance industry, Carrier Management, is making its mark in the publishing world, garnering three honors at last week’s 2014 Eddie and Ozzie...
When P/C Insurance Carriers Can Cancel: Mid-term Cancellation Provisions by State
Dec 15 2014 // Even after the underwriting period has ended, insurance carriers have the opportunity to cancel a property/casualty insurance policy prior to the renewal. However, the reasons insurance carriers are allowed to use to...
P/C Direct Premium Written Up 4.6 Percent
Dec 15 2014 // Direct premium written (DPW) for property/casualty insurance companies continues to increase gradually. At year-end 2013, nearly $545 billion of DPW was reported, a record-high for the industry. For 2013, total DPW for all...
