Property & Casualty NEWS

Amazon Key app raises liability questions – and likely homeowners rate

New system meant to curb package theft could end up costing people who use it a lot more in the form of higher homeowners or renters insurance premiums.

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Recent Property & Casualty Insurance News

Strange but true: Wacky things and trivia nuggets from the world of insurance

No doubt insurance is a serious business. But that doesn’t mean a lot of silly or curious things related to insurance won’t pop up in the news from time to time.

Organic growth stalls but profits soar in 3Q for P&C agencies and brokerages

More favorable pricing, economic trends suggest improved growth ahead according to new report; profitability hits median high of 22.7% in third quarter.

1 in 8 U.S. drivers uninsured, leading to slight overall increase even as several...

Uninsured motorist rates vary substantially among individual states, ranging from just 4.5% in Maine to 26.7% in Florida – driving up auto insurance premium costs by an average of $67.30 per covered car.

Lemonade takes stand on gun control; won’t pay more than $2,500 for firearms damage...

Renters and homeowners insurance startup says it respects gun ownership, but isn’t into gun worship as it unveils limits on firearms coverage in the wake of the Las Vegas mass shooting.

Nearly half of business owners have been victims of a cyberattack – but didn’t...

Highlighting the need of small businesses to obtain cyber insurance coverage (3 in 4 have none), a newly released Nationwide survey finds 1 in 3 victimized small businesses spent at least $50,000 to recover, yet rebuilding reputation and customer trust can take more than a year.

Customer satisfaction with homeowner and renter insurance companies hits all-time high in latest J.D....

Amica once again ranks first in the homeowners while Erie ranks first in the renters category; Satisfaction rates expected to face critical test as losses mount from hurricanes Harvey and Irma; Incumbents also threatened by growing crop of emerging insuretech innovators.

Top 6 strategies for brokers engaging with clients on Cyber Insurance/Risk

As cyber insurance becomes more mainstream to reflect the growing reliance on technology and the convergence of digital risk with other commercial risks, brokers who want to stay on top of the game must be able to overcome the challenges that face this industry.

Total insurance premiums collected in U.S. rise 4%, new NAIC report finds

The National Association of Insurance Commissioners (NAIC) has released the second volume of the 30th edition of the Insurance Department Resources Report (IDRR), which also ranks states by most premium collected.

Top-performing insurers for 2017 revealed in Ward’s 50 List

After analyzing nearly 3,000 property & casualty insurers and more than 700 life & health insurers, The Ward Group this week unveiled its 2017 list of the Ward's 50 list of top-performing companies.

Wearables and telematics on verge of huge impact in P&C markets

As fitness monitors and other telematic devices grow in consumer use and acceptance, they are bringing with them major changes in the ways P&C insurance is bought and sold.

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