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The following news stories feature information regarding the Property/Casualty insurance market.
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BMS Enters Tied Representative Agreement With Turkish Broker: BMS Group Ltd. said it entered into a tied representative agreement with Turkish specialist insurance and broker Rönesans Reasürans ve Sigorta Brokerlik A.S. ... Date: June 21, 2018 |
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Citizens Board Delays Consideration of 7.9% Personal Lines Insurance Hike: Citizens Property Insurance Corp. is waiting until December to take action on proposed 2019 personal lines rate increases in order to allow South Florida ... Date: June 21, 2018 |
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Tokio Marine Kiln Revamps Accident and Health Unit: Tokio Marine Kiln said it named a new leader as it revamps its accident and health department.
The provider of specialist and corporate insurance is “in the ... Date: June 21, 2018 |
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Insurance Law Podcast Discusses the Protecting Young Victims From Sexual Abuse and Safe Sport Authorization Act: A.M. Best and Best’s Insurance Professionals and Claims Resource have released the latest installment of the Insurance Law Podcast, a series that examines ... Date: June 21, 2018 |
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Four Insurers See More Than 40,000 Claims After Colorado Hailstorms: Four Colorado insurers have taken in more than 40,000 claims after strong hailstorms hit both the Colorado Springs and the Denver metro areas less than a week ... Date: June 21, 2018 |
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Sompo Looks to M&A for Diversification and Overseas Expansion: Sompo Holdings Inc. said it will continue with business diversification and overseas expansion, riding on its global commercial and retail platforms for ... Date: June 21, 2018 |
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Allstate Incurs $278 Million in Pretax Catastrophe Losses in May: Allstate Corp. incurred an estimated $278 million of pretax catastrophe losses in April.
Two wind and hailstorms, which mainly impacted mid-Atlantic, ... Date: June 21, 2018 |
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Allianz Partners Names CEO for UK and Ireland: Tim Tozer has been appointed chief executive officer of the Allianz Partners operations in the United Kingdom and Ireland, the company said.
Tozer will join ... Date: June 20, 2018 |
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A.M. Best Affirms Credit Ratings of Members of Erie Insurance Group and Erie Family Life Insurance Company: A.M. Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “aa” of the ... Date: June 20, 2018 |
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A.M. Best Affirms Credit Ratings of The Progressive Corporation and Its Subsidiaries: A.M. Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “aa” of the members of ... Date: June 20, 2018 |
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State Farm to Cut Overall Auto Insurance Premiums by 3% in Missouri: State Farm Mutual Automobile Insurance Co. is reducing overall automobile insurance premiums in Missouri by 3% effective July 9. The company says its in-state ... Date: June 20, 2018 |
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London Market Promoting Western Hub Role for China’s Belt and Road Initiative: The London market is promoting its role in supporting China’s Belt and Road Initiative for insurance and risk management service, according to a presentation ... Date: June 20, 2018 |
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Geico to Hire 500 Employees for $10 Million Operations Center in Kansas: Geico will start recruiting sales and service employees for a new $10 million, 55,000-square-foot service center expected to open around Labor Day.
It plans ... Date: June 19, 2018 |
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ProAssurance COO: Severity Growing in Health Care Professional Liability: Severity is mounting in health care professional liability on what could be a generational shift in jury attitudes and awards, according to ProAssurance ... Date: June 19, 2018 |
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Inland Marine Panel: Hot Market for Art Lures Fraudsters: A pair of experts in art and art fraud said forgeries and fakes have become more prevalent, keeping pace with the rise in value of artwork and collectibles. ... Date: June 19, 2018 |
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Best’s Market Segment Report: Homeowners Insurers Endured Major 2017 Catastrophes: After four years of sub-100 combined ratios for the U.S. homeowners insurers, the segment saw its combined ratio deteriorate to 107.1 in 2017 as a result of ... Date: June 19, 2018 |
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IAG Sells Thailand, Indonesia and Vietnam Operations: Insurance Australia Group Ltd. has agreed to sell its Thailand and Indonesia operations to Tokio Marine Holdings Inc. and its Vietnam business to a private ... Date: June 19, 2018 |
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Allianz Head of Inland Marine: Tech Opens Possibility of Owning, Insuring Fractions of Valuable Art: Rich Soja, head of inland marine, Allianz Global Corporate and Specialty, said blockchain and other advancing technologies are making it easier to verify ... Date: June 18, 2018 |
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Lockton Names President for San Diego Operations: Lockton Cos. said it named Sallie Giblin as president of its San Diego operations.
Giblin will lead a team of property/casualty insurance and employee ... Date: June 18, 2018 |
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Best’s Special Report: Caribbean Insurance Regulators Show Solid Performance, Although Future Remains Uncertain: A.M. Best’s annual survey of the Caribbean Association of Insurance Regulators (CAIR) member countries found that the region’s performance in 2016 was solid ... Date: June 18, 2018 |