Insurance Journal

JULY 16, 2025

The Liberty Company Insurance Brokers launched a new Northern California, San Francisco Bay Area office, Liberty Naranjo, led by managing partners and brothers, Jonathan and Michael Naranjo. Liberty Naranjo will serve as an employee benefits and property/casualty insurance advisory firm.

Insurance Broker

Insurance Journal

FEBRUARY 9, 2025

If there is a single bright spot to be found in the aftermath of the costliest wildfire in California’s history, it is that both the property/casualty insurance industry and the independent agents who serve as its personal point of contact …

Agents

Insurance Journal

FEBRUARY 19, 2025

While writing primary casualty insurance is more appealing than writing casualty reinsurance, the chief executive of Arch Capital said casualty reinsurance business remains attractive for his company. Speaking during an earnings conference call on Feb. 10, after reporting $3.5 billion …

Casualty Insurance

Insurance Journal

JULY 6, 2025

By Ezra Amacher A Michigan lawmaker has proposed legislation that would mandate auto insurance premium reductions of at least 10% on any new or renewed policy, a bill that the American Property Casualty Insurance Association (APCIA) says would destabilize the …

Auto Insurance

Insurance Journal

JUNE 25, 2025

First Financial announced that it has entered into a definitive agreement to acquire Westfield Bancorp, in a cash and stock transaction, from Ohio Farmers Insurance Company. Ohio Farmers is the parent company of the global property and casualty insurance group …

Casualty Insurance

Insurance Journal

JANUARY 22, 2025

Treasury’s Federal Insurance Office last week released what it called the “most comprehensive data on homeowners insurance in history.” ” Weeks after a U.S. Senate committee released a study and held a hearing on the affect of climate change …

Insurance

Zywave

MARCH 3, 2025

The casualty insurance market is currently experiencing unprecedented volatility, with significant pricing fluctuations and escalating loss costs becoming the norm. While it’s critical insurance carriers, brokers, and policyholders understand the market, its just as important they know what to do about it.

Casualty Insurance

Insurance Journal

JUNE 24, 2025

sees scope for further expansion in the US as Japan’s largest property-and-casualty insurer explores acquisition opportunities around the world, its new chief executive officer said. Tokio Marine Holdings Inc. “We want to expand in countries other than the US for …

Marine

Insurance Journal

MAY 28, 2025

Hodges has 25 years in the property and casualty insurance business and was previously vice president of commercial insurance for Bankers Insurance Group, which … Lake Mary, Florida-based Trident Reciprocal Exchange, launched in 2024, recently named Ryan Hodges chief executive officer.

Casualty Insurance

Property Insurance Coverage Law

APRIL 27, 2025

Travelers Casualty Insurance Company of America. 1 The property owner sued three and a half … The post Suit-Limitation Clauses in Property InsuranceFile Fast or Lose Everything appeared first on Property Insurance Coverage Law Blog.

Property Insurance

Top Insurance Blogs

JUNE 12, 2025

Mercury Insurance, a leading provider of property and casualty insurance in the U.S., With over 30 years of […] The post Mercury Insurance Appoints Steve Bennett to Lead New Climate Team appeared first on My Top Insurance Blogs. has named Steve Bennett as Senior Director of Climate and Catastrophe Science.

Casualty Insurance

Insurance Journal

MARCH 5, 2025

The president and CEO of the American Property Casualty Insurance Association issued a statement calling the tariffs on Mexico, Canada, and China a disruption as many homeowners attempt to rebuild after recent natural catastrophes. “Tariffs can be effective tools of …

Casualty Insurance

Insurance Journal

JULY 18, 2025

economy and causing a surge in liability insurance costs, according to John Doyle, president and chief executive officer of Marsh McLennan. Excessive litigation and abuse of the U.S. legal system are effectively imposing a tax on the U.S. “The U.S.

Liability Insurance

Property Insurance Coverage Law

APRIL 27, 2025

Travelers Casualty Insurance Company of America. 1 The property owner sued three and a half … The post Suit-Limitation Clauses in Property InsuranceFile Fast or Lose Everything appeared first on Property Insurance Coverage Law Blog.

Property Insurance

Insurance Journal

FEBRUARY 5, 2025

Global commercial insurance rates fell 2% in the fourth quarter of 2024 following a 1% decline in Q3 2024 marking the second consecutive quarterly decrease following seven years of rising rates, according to the Global Insurance Market Index published …

Commercial Insurance

Top Insurance Blogs

JUNE 11, 2025

United Risk, a global leader in property and casualty insurance underwriting and distribution, has announced the promotion of Hayden Smith to Regional CEO. He […] The post Hayden Smith Named Regional CEO of United Risk to Lead Expansion appeared first on My Top Insurance Blogs.

Risk

LexisNexis

JULY 30, 2025

CA Regulators Complete Review of Wildfire Risk Model California’s Department of Insurance has completed a review of the state’s first wildfire catastrophe model, which property/casualty insurers can now begin using to assess wildfire risk when setting rates.

Risk

Neilson Marketing Services

JULY 1, 2025

property and casualty (P&C) insurance ecosystem: Over 714,000 professionals are employed in the P&C industry. Approximately 2,500 insurance carriers employ an additional 519,000 professionals. The Scale of the Challenge Before diving in, consider the scope of the U.S.

Building

Triple-I: Workers Compensation

FEBRUARY 14, 2025

By William Nibbelin, Senior Research Actuary, Triple-I The workers compensation insurance industry experienced its second-best underwriting result in the past 20 years in 2023, with a net combined ratio of 87, according to Triple-Is latest Issues Brief.

Workers Comp

Insurance Journal

JUNE 11, 2025

Canopius Group, the London-based specialty and property/casualty insurer and reinsurer, announced that Samsung Fire & Marine Insurance (SFMI) has entered into an agreement to purchase an additional 21% equity stake, bringing its shareholding to 40%. This stake has been purchased …

Marine

Insurance Journal

JUNE 5, 2025

Insurity, a provider of cloud-based software for property and casualty insurance carriers, brokers, and MGAs, today announced that The Builders Group (TBG) has successfully gone live on Insurity Workers’ Comp Suite. This milestone signifies the completion of a deployment that …

Workers Comp

Insurance Journal

FEBRUARY 28, 2025

Reinsurers continued to provide ample casualty reinsurance capacity through the recent January 2025 renewal season despite concerns about adverse reserve development — however, an availability crisis could be looming, AM Best cautions. In a new report, AM Best points …

Casualty Insurance

Triple-I: Homeowners Insurance

APRIL 21, 2025

Resilience key to insurance availability Average insured catastrophe losses have been on the rise for decades, reflecting a combination of climate-related factors and demographic trends as more people have moved into harms way. The devastation wrought by Hurricane Helene in 2024 across a 500-mile swath of the U.S.

Risk

Triple-I: Workers Compensation

JUNE 25, 2025

Despite recently posting its most favorable underwriting performance since 2013, the property/casualty insurance industry faces several obstacles to continued progress, particularly from tariffs issued by the Trump Administration. By Lewis Nibbelin , Contributing Writer, Triple-I Global economic uncertainty emerging from recent U.S.

Policy

Triple-I: Homeowners Insurance

MARCH 13, 2025

Property and casualty insurers are no less concerned, as the cost of repairing and replacing damaged property is a driver of claim costs and, ultimately, policyholder premiums. Learn More: Tariffs and Insurance full video (Members Only) Insurance Economic Outlook (Members Only)

Casualty Insurance

Triple-I: Homeowners Insurance

JULY 11, 2025

In Texas – as in much of the United States, particularly far from the coasts – few homeowners have flood insurance. Many believe flood damage is covered by their homeowners’ or renters’ insurance. Severe convective storms are a growing source of losses for property/casualty insurers.

Damage

Insurance Journal

JUNE 10, 2025

Some Florida policyholders and their attorneys have long complained about real or perceived delays in the claims-handling process after a loss. A Florida appeals court ruled last week that telling a jury about those delays may be prejudicial and out …

Claim

Insurance Journal

JULY 9, 2025

A health-care system serving the largest retirement community in the US has filed for bankruptcy after disclosing it potentially overbilled Medicare by at least $350 million, according to court filings. The Villages Health System LLC, which operates clinics for retirees …

Casualty Insurance

Insurance Journal

SEPTEMBER 18, 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

Insurance Journal

JULY 24, 2024

Jewelers Mutual Group acquired Union Life & Casualty Insurance Agency in Phoenix, Arizona. JM Insurance Agency Partners Inc., UL&C has been in the insurance business since 1965, specializing in pawn and … a Jewelers Mutual Group company, will join with UL&C.

Casualty Insurance

Insurance Journal

FEBRUARY 18, 2025

Leaders of the casualty insurance practices of a global insurance carrier and a North American specialty brokerage offered insights for insurance buyers and sellers to deal with today’s casualty insurance market during a webinar last week. Their main message was …

Casualty Insurance

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

Insurance Journal

DECEMBER 26, 2024

Insurance trade organizations are always working for the industry so Insurance Journal asked them: What are the top priorities and/or challenges heading into 2025? Sampson, president and CEO, American Property Casualty Insurers … Here are the responses we received: David A.

Casualty Insurance

Insurance Journal

OCTOBER 7, 2024

property and casualty insurance stocks tanked on Monday after Hurricane Milton intensified into a category 4 storm on its path towards Florida’s western coast, marking yet another costly disaster for the industry to cover this year. Insurers are expected …

Casualty Insurance

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

Insurance Journal

AUGUST 29, 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

Insurance Journal

MARCH 23, 2025

Leaders of the casualty insurance practices of a global insurance carrier and a North American specialty brokerage offered insights for insurance buyers and sellers to deal with today’s casualty insurance market during a webinar in February. Their main message was …

Casualty Insurance