Tag: Property and Casualty

U.S. P&C Insurance Combined Ratios Hit Decade Low Amid Rising Costs and Digital Shift

U.S. property and casualty insurance industry sees best combined ratio in over a decade in 2024, driven by better personal lines underwriting and digital sales growth, despite rising auto repair costs and inflationary pressures from tariffs.

Coterie Insurance Relocates HQ to Appleton, WI to Leverage Workforce and Digital Strategy

Coterie Insurance moves its headquarters to Appleton, Wisconsin, emphasizing workforce access and digital strategy to support growth in small business property and casualty insurance.

US Surplus Lines Market Sees Strong Premium Growth in 2024 Amid P&C Challenges

AM Best reports robust 12.1% premium growth in US surplus lines market during 2024, driven by homeowners and general liability lines amid property and casualty sector pressures.

Sterling Seacrest Pritchard Joins Hanover Insurance President's Club

Sterling Seacrest Pritchard has been named to The Hanover Insurance Group's President's Club, marking top-tier recognition among independent insurance agencies nationwide in 2025.

Venbrook Names Jeff Lang President of Retail Property & Casualty

Venbrook Group promotes Jeff Lang to President of Retail Property & Casualty, enhancing leadership for national strategy and specialized risk management solutions.

Trident and MSIG USA Leadership Changes Highlight Insurance Market Shifts

Trident Reciprocal Exchange names Ryan Hodges CEO amid Florida homeowners market shifts; MSIG USA appoints Tony Beirne and Dale James to actuarial and risk leadership roles.

Shelter Insurance Adopts AI-Powered Fraud Detection from Shift Technology

Shelter Insurance deploys Shift Technology's AI-driven claims fraud detection to combat auto and property insurance fraud, enhancing investigation accuracy and operational efficiency in the U.S. P&C sector.

American Coastal Insurance Reports Q1 Net Income of $21.3M

American Coastal Insurance Corporation announces first-quarter net income of $21.3 million with EPS of 43 cents and $72.2 million revenue, highlighting Q1 performance.

Louisiana Mandates Insurers Disclose All Available Policy Discounts by 2025

Starting May 2025, Louisiana property and casualty insurers must disclose all available premium discounts to policyholders, enhancing transparency and compliance.

U.S. Insurance Market Sees Strategic Acquisitions and Service Expansions

Explore the latest acquisitions and expansions in the U.S. insurance market, highlighting strategic growth in specialty, commercial, and regional insurance sectors.