Property & Casualty NEWS


PIA names Acuity its 2018 Company of the Year

National Association of Professional Insurance Agents tabs Wisconsin-based P&C, commercial carrier focused on independent agents with its top honor.

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Amica Mutual again tops homeowners insurance customer satisfaction rankings

Annual J.D. Power study finds home insurance customer satisfaction reaches record high as customers embrace bundled policies and digital communications channels.

Actuarial Science ranked as ‘most valuable’ college major

The joke’s on fine arts grads, who have the “least valuable” college degree while actuarial science was tops among 162 degrees, according to a new study from Bankrate.

Do Amazon and Google pose a threat to home insurers?

Latest J.D. Power Pulse Survey on insurtech trends reveals 1 in 5 American consumers (and a much higher percentage of Millennials) would switch to a policy offered by a tech giant should they enter the market; 34% of consumers (57% of Millennials) would likely switch to a home insurer offering smart home technology loss and protection options.

Poor credit can double or triple auto insurance rates in many states

New study finds 97% of U.S. insurance companies use credit-based insurance scores to determine auto premiums in all but three states. Michigan has highest disparity while North Carolina has the smallest increase for people with poor credit.

Total premiums across all lines increase 5.4% in 2017, NAIC report finds

National Association of Insurance Commissioners releases Volume 2 of its 2017 Insurance Department Resources Report, containing key statistics on premiums by state, by line of business and budget information.

Interesting industry facts and figures from new NAIC report

Report contains key statistics on state insurance department resources and regulatory activities, number of licensed producers by state, number of domestic carriers and much more.

Trov begins U.S. rollout of on-demand insurance for individual items

Arizona is first state for launch of on-demand, micro-duration insurance where covered items are protected against accidental damage, loss, mechanical breakdown, and theft anywhere in the world.

Recruiting the next generation: New program allows qualified college students to attend InsureTech Connect...

The just-announced ITC 2018 Student Program will provide meaningful exposure for students to learn about the latest trends and opportunities while networking with leading minds in insurance innovation and digital transformation.

Insurance: Destined for change by way of technology

Last year alone over $1.7 billion was invested in insurtech startups. There is significant momentum and interest around developing the next best thing, and each and every one of these startups brings a new idea to our industry. But how do they get to market?

How insurers provide stability to financial markets and the overall economy

Time to feel good about how your industry benefits society, courtesy of a new White Paper by the Insurance Information Institute that examines the correlation between the economic environment and the insurance industry.

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