Property & Casualty NEWS


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.

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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.

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.

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