Property and Casualty News

RSS

The latest news, regulation and trends in property & casualty insurance.

More Stories

While U.S. life and P&C insurers are willing to assume increased investment risk for the third consecutive year, their market optimism is tempered as inflation is replaced by concerns about the domestic political environment, portfolio yield, market volatility, geopolitical events, and the impact of artificial intelligence. Indeed, their investment plans…

Specialty Property and Casualty Insurance. Over 55% of Specialty P&C Group gross written premium is produced by businesses with "top 10" market rankings. Superior Capital Management and Strong Balance Sheet.

"Get out of Seabrook," she recalled them saying. "Insurance is the primary mechanism by which climate change is pricing its way into the real estate market," said Jeremy Porter, the head of climate implications at First Street, a company that models climate risk. In Texas, where home insurance has spiked only recently, there's little data on how property values are…

Mereo Insurance Limited, a new reinsurance platform, has received an A- credit rating from AM Best, and begins operations this week in an attractive global property and casualty reinsurance market. The common equity was led by Susquehanna Private Equity Investments, LLLP, a member of the Susquehanna International Group of Companies, and The Andover Companies,…

Debbie Vigil didn’ t plan to retire in 2023.. Born and raised in Santa Fe, Vigil started practicing as an independent OB-GYN in the city in 1989, out of a desire to serve her home state. But Vigil said her choice to practice in New Mexico came at a cost, specifically the high cost of medical malpractice insurance in the state, which regularly runs OB-GYNs like Vigil more…

Shares of Loews Corporation (NYSE: L) traded at a new 52-week high today and are currently trading at $85.41. So far today, approximately 425.24k shares have been exchanged, as compared to an average 30-day volume of 549.34k shares. Loews Corporation provides commercial property and casualty insurance in the United States and internationally. The company offers […]

Q4 2024 NET INCOME OF $0.07 PER SHARE AND CORE INCOME OF $1.25 PER SHARE. Net income of $21 million, includes $290 million after-tax loss from the previously announced pension settlement transaction, versus $367 million in the prior year quarter; core income of $342 million versus $362 million in the prior year quarter. P&C core income of $451 million versus $434…

DEPARTMENT OF HOMELAND SECURITY FEDERAL EMERGENCY MANAGEMENT AGENCY Proposed Flood Hazard Determinations for Freestone County, Texas and Incorporated Areas The Department of Homeland Security’ s Federal Emergency Management Agency has issued a preliminary Flood Insurance Rate Map, and where applicable, Flood Insurance Study report, reflecting…

Fewer U.S. restaurant owners nationwide have business insurance than they did a year ago, according to a recent NEXT survey. And more restaurant owners don't know if their insurance coverage will cover extreme winter weather, such as storms, snow, hail or ice. These are just a few of the findings uncovered in the January 2025 survey of 1,500 restaurant owners…

That was the message from insurance as well as state and federal emergency officials on Jan. 30 as they briefed state lawmakers five months after the fatal flooding in the Naugatuck Valley and southwestern Connecticut that caused about $300 million in damage, much of which was not covered by flood insurance. During a two-hour forum on the issue with members of…

The New Mexico Medical Society has been clear that spiraling malpractice premiums are an obstacle to physician recruiting, but some Democrats still don’ t see the urgency, and it’ s hurting all of us. New Mexico ranks second highest in the nation for medical malpractice lawsuits per capita. New Mexico’ s medical malpractice insurance premiums are nearly twice…

Catastrophic wildfires and hurricanes across America are undeniably reshaping the insurance landscape, and New Hampshire is not immune to the potential effects. Take, for instance, the wildfires in California, which have wrought an estimated $75 billion in insured losses. Now, you might think that what happens thousands of miles away doesn't concern us here…
Photo illustration of the numeral 8 amid a cluster of technology, with one circuit labeled "2025." 8-trends-that-will-impact-insurance-in-2025.

Now is the time to reshape the insurance industry’s business model and technology foundation, according to a Majesco white paper on trends impacting the future of insurance in 2025.

DEPARTMENT OF HOMELAND SECURITY FEDERAL EMERGENCY MANAGEMENT AGENCY Proposed Flood Hazard Determinations for Freestone County, Texas and Incorporated Areas The Department of Homeland Security’ s Federal Emergency Management Agency has issued a preliminary Flood Insurance Rate Map, and where applicable, Flood Insurance Study report, reflecting…

As big storms drive up homeowners insurance in North Carolina, state Insurance Commissioner Mike Causey is weathering a storm of consumer discontent. An insurance industry proposal filed last year for rate hikes averaging 42% over the next two years brought a flood of more than 25,000 comments into the Insurance Department, most urging Causey to resist.