A California ballot initiative aims to repeal Proposition 103, which has regulated property and casualty insurance for decades. The change could impact premium approvals, market stability, and wildfire risk policies.
CCC Intelligent Solutions and Elitek Vehicle Services have expanded their CCC Diagnostics Network integration to automate documentation for Elitek’s mobile sublet services, enhancing efficiency for collision repair shops using CCC ONE.
AM Best has reaffirmed Global Indemnity Group's A (Excellent) financial strength rating, underscoring the company's stability and creditworthiness in the U.S. property and casualty insurance market.
The Hartford has donated more than 1 million shares of its stock to the Hartford Foundation for Public Giving since 2022, showcasing its philanthropic efforts within the insurance community.
Wole Coaxum resigns from Selective Insurance Group's Board of Directors to focus on other professional priorities. The insurer maintains a strong strategic vision and reputation in the property and casualty market.
Selective Insurance Group’s Q2 earnings fell short of expectations due to a combined ratio above 100%, driven by social inflation affecting casualty reserves. Shares dropped 19%, signaling market concerns over underwriting losses and claims cost pressures in the property and casualty insurance sector.
Guidewire Software's stock price target rises to $270 as analysts forecast growth in the property and casualty insurance software sector, with mixed valuations noted.
American Integrity Insurance Group announces IPO and NYSE listing, marking growth in Florida residential property insurance sector and expansion into Southeastern U.S. market.
Frankenmuth Insurance upholds its AM Best Financial Strength Rating of A (Excellent) for 2025, reflecting sustained stability and reliability in property and casualty insurance.
The US property/casualty insurance sector posted a $1.1 billion underwriting loss in Q1 2025 driven by California wildfires, impacting combined ratios and net income significantly.
