Property & Casualty NEWS


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?

Property & Casualty Insurance Discussion

Recent Property & Casualty Insurance News

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.

Root Insurance announces significant expansion in Ohio

Three-year-old auto insurance startup plans to add 463 jobs – growth of 500% - in Columbus by the end of 2021. Currently available in 16 states, Root plans to be nationwide by the end of 2019.

Auto insurers double down on ads and digital investment as shopping stagnates

New J.D. Power study finds Erie Insurance ranks highest in insurance customer satisfaction for sixth consecutive year.

Study sheds light on just how much auto insurance premiums spike after a claim

State-by-state analysis shows that claim-induced premium spikes remain high, but percentage-wise don’t jump by as much as last year.

First-of-its-kind ‘Cannabis Businessowners Policy’ launched in California on 4-20

The new CannaBOP Program is designed for cannabis dispensaries, storage facilities, processors, manufacturers, distributors, and other cannabis-related businesses operating in the state of California.

Nationwide on indy side: Carrier to transition to full independent agency distribution model by...

Approximately 2,000 existing agents who have been operating under the Nationwide brand may transition to an independent agency model or could stay captive under another carrier.

AXA acquires XL Group, creating the #1 global P&C commercial lines insurance platform

Move expected to accelerate AXA’s planned spinoff of AXA Equitable as AXA transitions toward P&C risks and away from financial risks.

P&C insurance customer satisfaction driven by good communication, not speed, J.D. Power finds

Record catastrophic losses place P&C insurer focus squarely on management of customer expectations. Amica Mutual tops satisfaction rankings for seventh consecutive year.

Massachusetts P&C agency hit with $2 million+ judgment for failing to advise on adequate...

Recent jury verdict stemming from a 2010 fire incident proves a cautionary tale about the necessity of advising clients to secure adequate coverage.

9 worst scammers of 2017 named to Insurance Fraud Hall of Shame

An extensive (and expensive) list of perpetrators make up the “No Class of 2017” as determined by the Coalition Against Insurance Fraud.

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