Property and Casualty News

W. R. Berkley Corporation today confirmed that Mitsui Sumitomo Insurance Co., Ltd., a leading Japanese property and casualty insurance carrier, has entered into an arrangement with a company owned by members of the Berkley family and trusts for their benefit providing for MSI to purchase 15% of the Company’ s outstanding common stock through open market…

Colorado utilities would be less financially liable for causing wildfires if they invest tens of millions of dollars into a program aimed at driving down home insurance costs under a bill backed by Gov. In Colorado, homeowners' premiums are up nearly 60% in five years. The concept is borrowed from a health insurance program adopted in Colorado in 2019 that has…

GEICO announced the addition of more than 1,000 new jobs in North Texas today as part of a major expansion that includes opening a second building in Richardson. This significant growth comes as a direct result of the exceptional talent GEICO continues to attract in North Texas, fueling the company’ s expansion across multiple business lines.

14% of U.S. Drivers Do Not Have Auto Insurance. From 2019 to 2022, the percentage of uninsured motorists grew from 11% to 14% according to the Insurance Research Council, which translates to approximately 1 in 7 drivers in the U.S. According to Bankrate, the average cost of full coverage car insurance is roughly $205 per month as of November 2024.

Shares of Loews Corporation (NYSE: L) traded at a new 52-week high today and are currently trading at $91.03. So far today, approximately 68,368 shares have been exchanged, as compared to an average 30-day volume of 760.71k shares. Loews Corporation provides commercial property and casualty insurance in the United States and internationally. The company offers […]

The affordability of personal auto insurance is estimated to have deteriorated from 2021 through 2024 as insurance companies increase premiums to offset inflationary loss pressures, according to an updated study from the Insurance Research Council, an affiliate of The Institutes. Auto Insurance Affordability: Countrywide Trends and State Comparisons…

The Georgia Senate’ s GOP majority voted 34-21 to agree to changes the state House of Representatives made to the bill, sending it to Kemp’ s desk for his signature. Supporters of Senate Bill 68 argued tort reform is needed in Georgia to reverse a pattern of excessive jury awards in civil lawsuits they said are driving up liability insurance premiums, making it…

Selective Insurance Group, Inc. is a New Jersey holding company for ten property and casualty insurance companies rated "A+" by AM Best. Through independent agents, the insurance companies offer standard insurance for commercial and personal risks, and specialty insurance for commercial risks. We also offer flood insurance through the National Flood…

Kemper is improving the world of insurance by providing affordable and personalized auto and life solutions for individuals, families and businesses. The Kemper family of companies is one of the nation's leading specialized insurers. With approximately $13 billion in assets, Kemper is improving the world of insurance by providing affordable and…

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14 A INFORMATION Proxy Statement Pursuant to Section 14 of the Securities Exchange Act of 1934 Check the appropriate box: Notice of 2025 Annual Meeting of Shareholders to be Held May 7, 2025 We will also consider and act upon such other business as may be properly brought before…

W. R. Berkley Corporation will release its first quarter 2025 earnings after the market closes on Monday, April 21, 2025. Founded in 1967, W. R. Berkley Corporation is an insurance holding company that is among the largest commercial lines writers in the United States and operates worldwide in two segments of the property casualty insurance business: Insurance…

A recent Insurify report predicts that Texas auto insurance rates will continue to rise by 6% in 2025, reaching an average annual rate of $2,886 for full-coverage insurance. The Texas Automobile Insurance Public Option Act would be available for all Texans who can prove residency and have a valid Texas vehicle registration. The proposed act differs from…

The Georgia Senate’ s GOP majority voted 3421 to agree to changes the state House of Representatives made to the bill, sending it to Kemp’ s desk for his signature. Supporters of Senate Bill 68 argued tort reform is needed in Georgia to reverse a pattern of excessive jury awards in civil lawsuits they said are driving up liability insurance premiums, making it…

Vice presidents These employees have been promoted to vice president: Assistant vice presidents These employees have been promoted to assistant vice president:### About UFG Founded in 1946 as United Fire& Casualty Company, UFG, through its insurance company subsidiaries, is engaged in the business of writing property and casualty insurance.

Berkshire Hathaway Specialty Insurance announced that it has promoted Anthony Tatulli to the expanded role of Head of Liability, Executive& Professional Lines. Berkshire Hathaway Specialty Insurance Company NZ company No. 5737531, FSP 445946 provides commercial property, casualty, healthcare professional liability, executive and professional lines,…

Shares of Loews Corporation (NYSE: L) traded at a new 52-week high today and are currently trading at $89.39. So far today, approximately 115.94k shares have been exchanged, as compared to an average 30-day volume of 755.02k shares. Loews Corporation provides commercial property and casualty insurance in the United States and internationally. The company offers […]

NEW YORK, March 25, 2025/ PRNewswire-PRWeb/– NFP, an Aon company and leading property and casualty broker, benefits consultant, wealth manager and retirement plan advisor, today announced the appointment of Brian Bonnell to lead the P&C business in its West region. Prior to joining NFP, he worked at Aon for over ten years as a leader in the New York and Chicago markets.

SAN ANTONIO, Texas- March 25, 2025- Auto Insurance In San Antonio Texas, a new online platform dedicated to helping San Antonio residents find suitable auto insurance coverage, officially launched its services today. The website aims to streamline the process of comparing and selecting car insurance policies by connecting consumers with multiple insurance…

The Georgia Senate's GOP majority voted 34-21 to agree to changes the state House of Representatives made to the bill, sending it to Kemp's desk for his signature. Supporters of Senate Bill 68 argued tort reform is needed in Georgia to reverse a pattern of excessive jury awards in civil lawsuits they said are driving up liability insurance premiums, making it…

Recent reports predict that car insurance premiums will surge if President Trump carries out his threat to tax metals imported from Canada and Mexico next month. There is no such thing as a "100% American-made car" due to large volumes of auto parts coming from Canada and Mexico, according to Bankrate. Insurify cited data showing that half of U.S. aluminum imports…