Tag: Property and Casualty

Fitch Ratings Forecasts 5% Drop in North American P&C Reinsurance Rates for January Renewals

Fitch Ratings expects a 5% decline in reinsurance rates for North American property and casualty insurers at the January 1 renewals, signaling shifts in market pricing for 2024.

Chubb Advances AI-Driven Digital Transformation to Enhance P&C Operations

Chubb's multi-year plan leverages AI and automation to transform underwriting, claims, and operations, aiming for significant cost savings and efficiency in property and casualty insurance.

Canal Insurance Names Matthew Grimm Chief Underwriting Officer

Canal Insurance Company appoints Matthew Grimm as Chief Underwriting Officer, leveraging his 30+ years in property/casualty and transportation insurance to enhance underwriting and market growth.

U.S. Commercial Insurance Rates Hold Steady at 3.8% Increase in Q3 2025

U.S. commercial insurance rates increased by 3.8% in Q3 2025, showing market stabilization and moderated pricing across key lines including workers compensation, D&O, cyber, and commercial property, according to WTW's CLIPS survey.

Canal Insurance Names Matthew Grimm Chief Underwriting Officer to Lead Growth

Canal Insurance Company appoints Matthew Grimm as Chief Underwriting Officer to enhance underwriting leadership and expand its commercial trucking insurance market presence.

U.S. Commercial Insurance Rates Moderate with 3.8% Increase in Q3 2025

U.S. commercial insurance rates showed a moderated 3.8% increase in Q3 2025, continuing a market stabilization trend according to WTW's CLIPS survey.

CRC Group and Jencap Strengthen Binding Operations With Key Regional Hires

CRC Group and Jencap Group enhance regional binding operations and market presence through strategic senior appointments in California, Atlanta, Charlotte, and Denver, driving insurance market growth and service expansion.

Presurance vs. Affirmative Insurance: Financial and Market Comparison

Compare Presurance and Affirmative Insurance on financial strength, market reach, institutional ownership, and operational focus in the U.S. insurance sector.

Progressive Stock Surges Ahead of Earnings Report Despite Market Declines

Progressive (PGR) stock rose 1.91%, outperforming the S&P 500 ahead of its earnings report. Analysts project EPS growth and increasing revenue in the Property and Casualty insurance sector.

DBRS Morningstar Predicts Neutral Outlook for Canadian P&C Insurance in 2026

DBRS Morningstar forecasts a neutral 2026 outlook for Canadian property and casualty insurance, highlighting underwriting discipline, regulatory impacts, and easing reinsurance costs amid climate-related loss volatility.