Latest Property Casualty Headlines
All the headlines from our Property Casualty Topic Page, ordered by recency.
Orderly Runoff Didn’t Work; Florida’s United P&C Now Insolvent, Headed for Liquidation
Mar 20 2023 // Just days after some 90,000 policies from troubled United Property & Casualty Insurance Co. were transferred to Slide Insurance as part of a wind-down of the carrier, it was announced that UPC is officially broke and...
P/C Carriers Losing Ground to MGAs in Talent War
Mar 6 2023 // During a webinar about an insurance industry labor market survey last month, an industry recruiter said that insurance carriers are losing ground to managing general agents in the war for talent. “On the property and...
State Farm P/C Businesses Report $13B Underwriting Loss
Mar 1 2023 // Late last year, State Farm’s chief executive broke the news that the auto giant would record the largest underwriting loss in its 100-year history for 2022. On Monday, the news became official with a huge number...
What P/C Insurance Leaders Read; Carrier Management Classics
Feb 24 2023 // Ten years ago this week, Wells Media announced the launch of CarrierManagement.com. Mark Wells, executive chair of Wells Media Group, introduced the brand explaining, “There are other publications that target the...
A Pivot to People: Overcoming the Talent Crisis in Commercial P&C Underwriting
Feb 23 2023 // This post is part of a series sponsored by Insurance Quantified. Across the insurance landscape, commercial P&C firms are facing a host of challenges when it comes to underwriting talent. Rapid shifts in the makeup of...
People Moves: AXIS Appoints Galanski Head of N.A. P/C Programs; Ningen Named Swiss Re CEO of U.S. P/C
Feb 22 2023 // AXIS Appoints Galanski as Head of North America Property & Casualty Programs Gabriel Galanski has joined AXIS Capital Holdings Limited as head of North American property and casualty programs. Galanski will manage,...
Viewpoint: Four Approaches to Expand Commercial P/C’s Market Relevance
Feb 22 2023 // Despite a range of disruptions, global commercial P/C insurance carriers have actually delivered good returns over the last few years—mostly thanks to higher premiums, which have risen 6 to 8 percent a year since 2018....
People Moves: Swiss Re Promotes Ningen to CEO, US P&C Re; MS Reinsurance Hires 4 for Data, Underwriting; Aon Promotes Day, Dickson in Political Violence & Terrorism Team
Feb 22 2023 // This edition of International People Moves details appointments at Swiss Re, MS Reinsurance, and Aon. A summary of these new hires follows here. Swiss Re Promotes Ningen to CEO, US P&C Re Monica Ningen Monica Ningen...
Orderly Runoff Didn’t Work; Florida’s United P&C Now Insolvent, Headed for Liquidation
Feb 20 2023 // Just days after some 90,000 policies from troubled United Property & Casualty Insurance Co. were transferred to Slide Insurance as part of a wind-down of the carrier, it was announced that UPC is officially broke and...
People Moves: Howden Tiger Taps Carpenter’s Smith, Aon’s Walsh for Casualty; Aon Promotes Alcott to UK Chief Commercial Officer; Miller Hires Keeping as Head of P/C
Feb 7 2023 // This edition of International People Moves details appointments at the brokers Howden Tiger, Aon and Miller. A summary of these new hires follows here. Howden Tiger Taps Carpenter’s Smith, Aon’s Walsh for...
Slide Will Assume 91,000 Policies and Premium in United P&C Runoff in Florida
Feb 1 2023 // One year after Slide Insurance made waves by taking over thousands of policies from a troubled Florida carrier, the young company has done it again. The Florida Office of Insurance Regulation on Tuesday signed a consent...
At-Bay Acquires Licensed P&C Insurance Carrier
Jan 24 2023 // Managing general agent At-Bay said it has acquired an excess and surplus lines insurer licensed in 44 states from XL Insurance America to now become a full-stack carrier. “This milestone will allow us to accelerate...
People Moves: Kerton Joins IOA’s P/C Division
Jan 20 2023 // Kerton Insurance Office of America has hired Kevin Kerton to its property and casualty division in Bonita Springs, Florida. As a commercial lines risk advisor, Kerton will focus primarily on construction and...
Calling All Top P/C Agents: Agents of the Year Nominations Now Open
Dec 15 2022 // Insurance Journal is once again searching for the nation’s leading independent agents and to become part of the annual Top Property/Casualty Agent listing. Be recognized as an industry leader among the nation’s...
Kuczinski to Retire as CEO of Munich Re US P&C Companies
Dec 15 2022 // Munich Reinsurance America Inc. announced the retirement of Anthony J. Kuczinski as chief executive officer of Munich Re US P&C Companies and of Munich Re US Holding Inc., effective Dec. 31, 2022, with an agreed change...
Global P/C Insurance Outlook Now Negative: Moody’s
Dec 6 2022 // High claims inflation and rising reinsurance costs are among the factors that prompted analysts at Moody’s Investors Service to change their outlook for the global property/casualty sector from stable to negative,...
Q3 Combined Ratio for U.S. P/C Industry Highest in 5 Years
Dec 5 2022 // The U.S. property/casualty industry posted a combined ratio of about 106.6 in the third quarter — the highest in five years, according to an analysis by S&P Global Market Intelligence. “In addition to the...
Q3 Combined Ratio for U.S. P/C Industry Highest in 5 Years
Nov 23 2022 // The U.S. property/casualty industry posted a combined ratio of about 106.6 in the third quarter – the highest in five years, according to an analysis by S&P Global Market Intelligence. “In addition to the...
Commercial P/C Rates Up for 20th Straight Quarter: CIAB
Nov 18 2022 // Third-quarter 2022 marked the 20th consecutive quarter of increased premiums for commercial property/casualty, according to the latest report from the Council of Insurance Agents and Brokers (CIAB). The average premium...
Regulatory Roundup: HCSMs, Delaware P&C Market Regulations, and Colorado Changes After Marshall Fire
Nov 9 2022 // This post is part of a series sponsored by AgentSync. State by state variations of laws, compliance protocols, industry transparency, and general regulatory cultures can lend one the impression that keeping up with...
