Property & Casualty NEWS


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.

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Recent Property & Casualty Insurance News

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.

New study finds U.S. car insurance rates at all-time high

Annual report from auto insurance search engine The Zebra examines auto insurance pricing across the U.S., uncovers local and national trends in context of disastrous weather events, technological advances, distracted driving, and other behavioral changes.

Indy agents still responsible for lion’s share of P&C premiums; seen as growth engine...

First-ever J.D. Power U.S. Independent Insurance Agent Satisfaction Study takes pulse of largest P&C distribution channel, and finds overall agent satisfaction with insurers is just 696 (on a 1,000-point scale) for personal lines and 686 for commercial lines.

Insurtech Update: News from 5 startups looking to disrupt their markets

The latest developments at tech companies across the life & health and P&C spectrums – Lemonade, Haven Life, Ladder, Wellthie and Hippo – involve new funding, expansion plans, new offerings and more.

Top auto, home and renters carriers ranked based on user experience

A new Clearsurance ranking of the top auto, home and renters insurance carriers based entirely on policyholder feedback netted some strong results for USAA, which topped two of the categories and placed second in the other.

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