Tag: Property and Casualty Insurance

U.S. Insurance Industry Profits Amid Climate Risk Modeling Uncertainty

Explore how the U.S. insurance industry records record underwriting profits despite climate risk concerns, amid uncertainties in climate risk modeling and regulatory impacts on pricing.

Top 5 Property & Casualty Insurers Positioned for Growth in 2026

Explore the top five property and casualty insurers poised for growth in 2026, driven by technology integration, underwriting discipline, and strong capital strategies.

Heritage Insurance Modernizes Core Systems with Guidewire Cloud Implementation

Heritage Insurance completes Guidewire PolicyCenter and BillingCenter deployment on Guidewire Cloud Platform, enhancing underwriting and billing agility for P&C lines across 13 states.

Erie Indemnity Upgraded in Warren Buffett-Based Validea Model

Erie Indemnity Co receives a higher rating in Validea's Warren Buffett-based investment model, reflecting strong fundamentals and attractive valuation in the property and casualty insurance sector.

Westfield Names Lloyd Scholz Enterprise CIO to Drive Technology Strategy

Westfield appoints Lloyd Scholz as Enterprise CIO to enhance technology strategy and drive digital transformation in property and casualty insurance.

Mitsui Sumitomo Insurance Acquires Stake in U.S. Insurer W. R. Berkley

Japanese insurer Mitsui Sumitomo Insurance acquires at least 12.5% stake in U.S. commercial insurer W. R. Berkley, marking strategic market expansion and governance involvement.

Mitsui Sumitomo Acquires 12.5% Stake in W. R. Berkley Corporation

Mitsui Sumitomo Insurance acquires a 12.5% stake in U.S. insurer W. R. Berkley, signaling cross-border investment trends and potential impacts on shareholder governance in the property casualty sector.

NAIC Advances RBC Alignment, SSAP Revisions, and Cybersecurity Referrals Ahead of 2026

NAIC prepares for 2026 with key Risk-Based Capital alignment proposals, SSAP updates, and enhanced cybersecurity referrals to support regulatory compliance and risk management.

AM Best Upgrades CNA Financial and Western Surety Group Ratings to Superior

AM Best upgrades CNA Financial's and Western Surety Group's financial strength and credit ratings to superior, reflecting strong capitalization and operational performance in the property and casualty insurance sector.

Duck Creek Technologies Appoints Rajesh Raheja as CTO to Drive Cloud and AI Innovations

Duck Creek Technologies appoints Rajesh Raheja as CTO, enhancing cloud-native and AI innovations in property and casualty insurance software platforms.