Insurance Journal

OCTOBER 16, 2024

Fitch Ratings has affirmed the ‘A+’ (Strong) Insurer Financial Strength (IFS) ratings for Cincinnati Financial Corporation’s (CINF) three property/casualty insurance subsidiaries and its life insurance subsidiary the ‘A+’ (Strong).

Casualty Insurance 250

Casualty Insurance Life Insurance Insured Insurance 250

Insurance Journal

SEPTEMBER 29, 2024

ISU Francis-Pinney Insurance Services evolved through several mergers, including All-Cal Insurance and the John A. Sacramento, California-based Inszone is an insurance brokerage firm that provides property/casualty insurance … Francis Agency.

Casualty Insurance 263

Casualty Insurance Insurance Insurer Insured 263

Insurance Journal

SEPTEMBER 25, 2024

Sompo, the Bermuda-based provider of commercial and consumer property/casualty insurance and reinsurance, announced the launch of a new national marine insurance proposition for the United Kingdom. Sompo’s Marine Cargo UK policy and its Transport & Logistics propositions are both designed …

Marine 264

Marine Casualty Insurance Commercial Insurance 264

Insurance Journal

AUGUST 30, 2024

Florida’s insurance commissioner in early August noted that rate increases by property-casualty insurers in the state have slowed significantly since 2023 legislative reforms were enacted, with 12 carriers asking for a small decrease this year and another two dozen filing …

Casualty Insurance 298

Casualty Insurance Insurance Insurer Insured 298

Insurance Journal

OCTOBER 6, 2024

AM Best has downgraded the Financial Strength Rating (FSR) to B++ (Good) from A- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) to “bbb+” (Good) from “a-” (Excellent) of Texas Farm Bureau Casualty Insurance Company and its affiliates, Farm …

Casualty Insurance 228

Casualty Insurance Insurance Companies Insured Insurance 228

Insurance Journal

AUGUST 13, 2024

James Kirsh expects the cost of the property and casualty insurance for his family-owned foundry in Wisconsin that makes cast iron parts for tractors and other equipment to at least double when it’s up for renewal this fall. He’s been …

Property Insurance 317

Property Insurance Casualty Insurance Insurance Insurer 317

Insurance Journal

SEPTEMBER 16, 2024

A turnaround in the personal lines insurance segment results was a key driver of an overall $3.8 property/casualty insurance industry, according to a new report from AM Best. billion profit from underwriting for the U.S. Best’s Special Report, titled, “First …

Underwriting 263

Underwriting Underwriter Casualty Insurance Insurance Industry 263

Insurance Journal

OCTOBER 6, 2024

Losses from Hurricane Francine are expected to be manageable for property/casualty insurers, with major population centers sparred from the worst of the storm’s damage. Privately insured loss from Hurricane Francine are estimated to be close to $1.5 billion, catastrophe modeler …

Casualty Insurance 219

Casualty Insurance Damage Insurance Insurer 219

Insurance Journal

SEPTEMBER 16, 2024

Losses from Hurricane Francine are expected to be manageable for property/casualty insurers, with major population centers sparred from the worst of the storm’s damage. Privately insured loss from Hurricane Francine are estimated to be close to $1.5 billion, catastrophe modeler …

Casualty Insurance 263

Casualty Insurance Damage Insurance Insurer 263

Insurance Journal

SEPTEMBER 15, 2024

The property/casualty insurance industry and excess and surplus lines brokers in particular are at the world’s beck and call to help navigate what is an increasingly risky environment. The industry continues to respond as social, environmental, technological, political, legal, scientific …

Casualty Insurance 246

Casualty Insurance Broker Insurance Industry Insured 246

Insurance Journal

AUGUST 20, 2024

Litigation that seeks to win Medicare reimbursements from insurance companies has become a huge business over the last decade, making one Miami lawyer a billionaire and causing expensive, ongoing legal headaches for property-casualty insurers. But the federal law that allows …

Casualty Insurance 275

Casualty Insurance Insurance Companies Insured Insurance 275

Insurance Journal

SEPTEMBER 15, 2024

property/casualty insurance industry recorded a net underwriting gain of $3.7 billion and net income of $94.6 billion for the first-half of 2024, according to a new report. “After years of consistent losses, premium growth is helping the overall …

Insurance Industry 241

Insurance Industry Underwriting Underwriter Casualty Insurance 241

Insurance Journal

AUGUST 23, 2024

OneDigital, an insurance brokerage, financial services and human resources firm based in Atlanta, has acquired Elite Insurance Solutions, a property-casualty insurance agency in Franklin, Tennessee, the company announced this week. Elite was founded in 2008 by Mike Stansbury and Randy …

Casualty Insurance 265

Casualty Insurance Insurance Agency Insurance Insurer 265

Insurance Journal

SEPTEMBER 15, 2024

By Allen Laman Continuing worker shortages, the threat of nuclear verdicts in some geographical locations, and the implementation of new technology are all shaping the property/casualty insurance market for senior living facilities. Challenging areas for coverage can vary by location, …

Casualty Insurance 230

Casualty Insurance Insurance Insurer Insured 230

Insurance Journal

JULY 25, 2024

Pennsylvania National Mutual Casualty Insurance Co. cannot escape the long tail of asbestos, and must cover part of the litigation losses for an asbestos installation company that went out of business more than 30 years ago, the South Carolina Supreme …

Casualty Insurance 278

Casualty Insurance Insured Insurance Insurer 278

Insurance Journal

JULY 31, 2024

AM Best revised the outlooks to positive from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings of “a-” (Excellent) of Stonetrust Commercial Insurance Company and Stonetrust Premier Casualty Insurance Company. Stonetrust is …

Workers Comp 278

Workers Comp Casualty Insurance Commercial Insurance Commercial 278

Insurance Journal

JULY 22, 2024

The Pennsylvania Insurance Department (PID) reported that it has saved consumers $98.3 million in annual auto, home and other property/casualty insurance premiums in the first six months of 2024 through its review of insurance company rate filings. The vast majority …

Casualty Insurance 276

Casualty Insurance Premium Insurance Companies Insurance 276

Insurance Journal

JULY 25, 2024

Executives of two property/casualty insurance organizations—Kinsale Insurance and the U.S. P/C operations of Arch Capital—shared their recipes for success with an analyst who crowned their companies as performance leaders during a recent industry webinar. The short takes: We don’t outsource …

Underwriting 277

Underwriting Underwriter Casualty Insurance Insured 277

Insurance Journal

JULY 15, 2024

Favorable first-quarter economic and underwriting results for property/casualty insurance are in line with projections that the industry will see a small underwriting loss in 2024 and achieve profitability in 2025, according to a report from the Insurance Information Institute (Triple-I) …

Premium 277

Premium Casualty Insurance Underwriting Underwriter 277

Insurance Journal

JULY 23, 2024

a global insurance brokerage and financial services firm, has acquired Wade Associates, an independent agency with offices in North Carolina. Wade has specialized in property/casualty insurance for construction, manufacturing, health care and technology sectors, Hub said in … Hub International Ltd.,

Casualty Insurance 263

Casualty Insurance Insured Insurance Insurer 263

Insurance Journal

OCTOBER 21, 2024

Starr Insurance reported that South Korea’s Financial Services Commission has granted Starr International Insurance (Singapore) Pte. Korea branch, a license to operate in Seoul and begin selling commercial property/casualty insurance throughout Korea. “Korea is one of the largest commercial …

License 147

License Commercial Commercial Insurance Commercial Property 147

Insurance Journal

JULY 14, 2024

By Chad Hemenway Independent agents placed more than 62% of all property/casualty insurance written in the U.S., according to the Independent Insurance Agents & Brokers of America (the Big “I”). The association’s 2024 Market Share Report said independent agents have …

Broker-Agent 264

Broker-Agent Premium Casualty Insurance Insurance Agent 264

Insurance Journal

JULY 14, 2024

property/casualty insurers posted a net combined ratio of 94 — the best since first-quarter 2007. By Susanne Sclafane Even though direct loss ratios for commercial auto and other liability lines rose in first-quarter 2024, across all lines U.S. Translating to …

Casualty Insurance 240

Casualty Insurance Underwriting Underwriter Liability 240

Insurance Journal

SEPTEMBER 10, 2024

Grange Insurance Company announced that Cheryl McRae Lebens has been named the company’s Chief Financial Officer, effective January 1, 2025, following Terri Brown’s planned retirement at the end of the year. Brown’s career in the property and casualty Insurance industry …

Casualty Insurance 147

Casualty Insurance Insurance Industry Insurance Insurer 147

Insurance Journal

SEPTEMBER 5, 2024

NFP acquired Scott Litman Insurance Agency in Calabasas, California. SLIA offers property/casualty insurance to clients with a … Scott Litman, president of SLIA, will join NFP as a senior vice president and report to Ed Kurowski, managing director, West region P&C.

Insurance Agency 147

Insurance Agency Casualty Insurance Insurance Insurer 147

Insurance Journal

JULY 14, 2024

The commercial auto insurance segment maintained its place as a weaker-performing U.S. property/casualty insurance product line in 2023. Despite successive periods of pricing and underwriting actions, commercial auto has generated a statutory combined ratio above 100 in 12 of the …

Auto Insurance 147

Auto Insurance Commercial Casualty Insurance Underwriting 147

Insurance Journal

JULY 14, 2024

The economy and the property/casualty insurance industry are inextricably linked together, said Stephen Cooper, … By Jahna Jacobson Inflation is cooling, employment growth is normalizing and the workers’ compensation outlook is good, according to a national economist specializing in workers’ compensation.

Workers Comp 130

Workers Comp Casualty Insurance Compensation Insurance Industry 130

Property Insurance Coverage Law

AUGUST 21, 2024

Ohio Casualty Insurance Company, 1 is a case decided last week involving vacancy clauses often found in property insurance policies, the impact of forfeiture clauses, and how those clauses can be waived. Sinjel, L.L.C.

Casualty Insurance 142

Casualty Insurance Property Insurance Insurance Policy Insurance Companies 142

The Property Insurance Law Observer

OCTOBER 16, 2024

In the recent decision Universal Property & Casualty Insurance Co. The court emphasized that under both the insurance policy’s plain language and Florida Statute §627.7011(3)(a), payment of replacement cost value is contingent upon the actual completion of repairs.

Property Insurance 130

Property Insurance Damage Casualty Insurance Policy 130

Unitas Financial Services

JULY 18, 2022

But what impact does record-breaking inflation have on the cost of a property and casualty insurance policy? Consumers are feeling the pain at the pump, the grocery, and when shopping for virtually any good or service.

Casualty Insurance 52

Casualty Insurance Insurance Policy Insurance Insurer 52

Frankenmuth Insurance

JUNE 20, 2024

These high ratings represent Best’s assessment of Frankenmuth Insurance Company and its property and casualty insurance subsidiaries: Ansur America Insurance Company, ASure Worldwide Insurance Company, Fortuity Insurance Company, and Patriot Insurance Company.

Casualty Insurance 52

Casualty Insurance Insurance Companies Policyholder Life Insurance 52

Agency Revolution

AUGUST 21, 2024

August 19, 2024 – Agency Revolution , the leading marketing and communication enablement and website provider for independent insurance agencies, is thrilled to announce the appointment of Dan Goodwin as the new Vice President of Enterprise Sales.

Broker-Agent 105

Broker-Agent Insurance Carrier Casualty Insurance Insurance Agents 105

Triple-I: Homeowners Insurance

OCTOBER 10, 2024

property and casualty insurance industry experienced better-than-expected economic and underwriting results in the first half of 2024, according to the latest forecasting report by Triple-I and Milliman. The report was released during a members-only webinar on Oct. The industry’s estimated net combined ratio of 99.4 represented a 2.3-points

Commercial 49

Commercial Underwriting Underwriter General Liability 49

The Property Insurance Law Observer

AUGUST 22, 2024

Hartford Casualty Insurance Co. , 2009) (noting that the collapse provision is ambiguous, but the “clear modern trend” is to hold that collapse coverage provisions provide coverage if there is substantial impairment of the structural integrity of any part of the building); Jemiola Trustee of Edith R. Jemiola Living Trust v.

Commercial Property 130

Commercial Property Building Damage Policy 130

Triple-I: Homeowners Insurance

MAY 8, 2024

Legislative reforms put in place in 2022 and early 2023 to address legal system abuse and assignment-of-benefits claim fraud in Florida are beginning to help the state’s property/casualty insurance market recover from its crisis of recent years, according to a new Triple-I Issues Brief.

Premium 52

Premium Casualty Insurance Insurance Insurer 52

Friendly Agent

DECEMBER 3, 2020

Selling Property and Casualty insurance part time or as a Side Hustle Property and Casualty insurance (also called P&C insurance )refers to car insurance, home insurance, liability insurance and other types of non -life/health insurance.

Insurance Agent 130

Insurance Agent Insurance Agents Agents Insurance Carrier 130

Agency Revolution

AUGUST 21, 2024

August 19, 2024 – Agency Revolution , the leading marketing and communication enablement and website provider for independent insurance agencies, is thrilled to announce the appointment of Dan Goodwin as the new Vice President of Enterprise Sales.

Broker-Agent 52

Broker-Agent Insurance Carrier Casualty Insurance Insurance Agents 52