Property and Casualty News

20 Custom House Street, Boston, Massachusetts 02110. I am pleased to invite you to attend the 2025 Annual Meeting of Stockholders of Safety Insurance Group, Inc., which will be held at 10:00 AM on May 14, 2025, at our headquarters, 20 Custom House Street, Boston, Massachusetts 02110. If you have questions, please email them to…

Brookmont Capital Management today announced the launch of the Brookmont Catastrophic Bond ETF, the first U.S.- listed ETF dedicated exclusively to catastrophe bonds. “ILS delivers a low-correlation, high-yield alternative to traditional bonds at a time when investors are seeking new sources of income and diversification,” said Ethan Powell, Principal&…

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.

NAPA, Calif., March 27, 2025/ PRNewswire/— The Doctors Company, the nation’ s largest physician-owned medical malpractice insurer, announced today that it has approved a 2025 premium dividend of approximately $15.1 million, bringing the total of declared dividends to date to $485 million. “We are pleased to reward members once again with earned dividends,” said…

Daniel Alvarez says the existing system, which bans injured parties from bringing lawsuits against at-fault parties to recover noneconomic damages is not fair to Florida residents who are injured in car accidents that are not their fault. Florida drivers are required to carry $10,000 in PIP coverage plus $10,000 in property damage liability insurance.

Positive cultures and more flexibility are key for insurance agencies to attract and motivate Generation Z employees, says a new report from the National Association of Professional Insurance Agents.

"Our continuing innovation, superb USA- based staff, and unrivaled convenience ensures that even after 25 years, the best is yet to come," said James Nuttall, General Manager of Insubuy.. "From our humble beginnings in a Virginia garage to becoming the premier online travel insurance solutions marketplace, Insubuy has achieved many milestones over the past 25 years,"…

LOS ANGELES, March 31, 2025/ PRNewswire-PRWeb/– Multi-vehicle crashes, dog bites or a delivery person being injured on your property are some of the unexpected events that are putting Georgians' personal financial health at risk. In fact, bodily injury payouts continue to climb year over year since the pandemic started, with the average amount for a liability…

Over the past year, we have elevated our impact and reach, reinforcing our position as the most trusted and quoted source in the property/casualty insurance industry,” said Sean Kevelighan, CEO, Triple-I, in his Annual Report letter.“ With more than 22,000 earned media mentions, our thought leadership shapes conversations on issues that matter most: from natural…

First American Title Insurance Company, a leading provider of title insurance and settlement services and the largest subsidiary of First American Financial Corporation, will host an one-hour educational webinar focused on the rising threat of artificial intelligence fraud in real estate transactions. First American Title Insurance Company, the…

ATLANTA, March 31, 2025/ PRNewswire-PRWeb/– A 2nd Chance Bail Bonds and A 2nd Chance Monitoring were recently recognized with a Community Partner Award at the annual Community Partners Luncheon hosted by Gwinnett Sheriff Keybo Taylor and the Community Affairs Office of the Gwinnett Sheriff's Office. A 2nd Chance was recognized for their ongoing commitment…

To the Shareholders of Boston Omaha Corporation:. •General Indemnity Group grew gross written premium through United Casualty and Surety Insurance Company by approximately 40%, earned premium by 42%, consolidated net income by 32% and adjusted EBITDA by 54%; all while maintaining an attractive loss ratio. In December of 2024, Boston Omaha Corporation added…

—Even if you're not in the market for a new car, U.S. President Donald Trump's 25% tariffs on auto imports could make owning one more expensive. While the White House says these tariffs will foster domestic manufacturing and raise $100 billion in revenue annually, economists stress that straining the auto industry's global supply chain brings significant…

Pawdarling, a premier pet insurance provider, is proud to announce its official launch. Why Choose Pawdarling for Pet Insurance? Whether you have a playful puppy or a senior cat, Pawdarling ensures you get the perfect policy. Comprehensive Coverage: From accidents and illnesses to wellness care, Pawdarling provides detailed information on coverage options to…

The owner of a Danbury tow truck company faces charges for allegedly failing to provide the required workers’ compensation insurance for his employees. Rahamat Hydar, 55, of Danbury was arrested Tuesday by inspectors from the Workers’ Compensation Fraud Control Unit in the Office of the Chief State’ s Attorney, according to the Connecticut Division of…

Greenwich, March 28– 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…

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.