Property & Casualty NEWS

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.

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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.

Americans driving less, yet most not aware of money-saving insurance options

New DriveCheck assessment from NAIC intended to help consumers determine if usage-based auto insurance is a fit.

How great credit/no credit impacts auto insurance premiums

People with no credit pay 65% more for car insurance than people with excellent credit, according to WalletHub's 2017 Car Insurance & Credit Scores Report, which examines the extent major auto insurers use credit data in policy pricing.

Autonomous vehicles predicted to radically shrink auto insurance sector, change type, amount of coverage...

New research from KPMG says shifting driving risk to auto manufacturers and rapid adoption of mobility-on-demand will have significant impact on insurance business.

Trio of big storm systems lead to 42% drop in 1Q net income for...

Three significant storms combined to put a big dent in the first-quarter profit of the nation's property and casualty insurers.

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