INSURASALES

Tag: property and casualty insurance

Kingstone Appoints Randy L. Patten as CFO to Lead Financial Growth Strategy

Kingstone Companies appoints Randy L. Patten as CFO, enhancing financial leadership to support growth in the Northeast property and casualty insurance market.

U.S. Homeowners Insurance Costs Rise Amid Coverage and Affordability Challenges

Homeowners insurance premiums in the U.S. have risen 9.3% since 2024, driven by climate risks and increased deductibles, challenging affordability and complicating mortgage closings. The E&S market grows in catastrophe-prone states.

PICC Property & Casualty Co Updates Governance Structure with New Employee Director

PICC Property & Casualty Co announces election of new employee representative director and dissolves supervisory committee, marking key governance changes in the China insurance sector.

RAPID X Wins 2025 Insurance Luminaries Award for Claims Innovation

RAPID X, a blockchain-based auto claims data exchange platform, wins the 2025 PropertyCasualty360 Insurance Luminaries award for innovations in claims processing.

Corporate Insight Launches Digital Experience Research for Commercial P&C Insurance

Corporate Insight introduces Commercial Insurance Monitor, a research service delivering comprehensive analysis of digital experiences in commercial P&C insurance across 17 leading carriers to inform competitive strategies and product development.

Disputes Rise Over Insurance Coverage of OEM Collision Repairs in U.S.

U.S. insurers increasingly dispute coverage of OEM post-collision repairs, raising safety and reimbursement issues amid growing industry conflicts.

Texas Baptists Launch Insurance Program for Church Property and Liability Coverage

The Baptist General Convention of Texas is launching the Texas Baptists Indemnity Program to offer comprehensive, affordable property and liability insurance tailored for Texas Baptist churches, backed by regulatory approval and a $12 million reserve.

American Financial Q1 2025 Earnings Show Lower Profit, Capital Return Focus

American Financial Group's Q1 2025 earnings show a profit decline due to catastrophe losses and reduced investment returns, with a strong focus on capital returns and underwriting discipline.

Legacy of Merton Segal: Founder of Meadowbrook Insurance Group and Industry Mentor

Merton Segal, founder of Meadowbrook Insurance Group, significantly influenced self-insurance and property casualty sectors, mentoring future insurance professionals and supporting Detroit philanthropy.

NAIC Reports Increasing Concentration in US Auto Insurance Market 2024

The NAIC's 2024 report reveals growing concentration among US auto insurers, with the top five capturing 63.59% market share and total premiums rising to $359B. Key shifts impact industry competition and market dynamics.