property/casualty insurance News
Climate Change Likely to Drive Stronger, Smaller U.S. Storms
The effects of climate change will likely cause smaller but stronger storms in the United States, according to a new framework for modeling storm behavior developed at the University of Chicago and ...
Nationwide, GEICO Disclose Continuation of Military Veteran Hiring Programs
Nationwide and GEICO are reaffirming their support and resources for plans to hire more U.S. military veterans in various roles. Nationwide plans to hire at least another 1,000 additional military ...
Allstate’s Catastrophe Losses Climb 78 Percent
Catastrophe losses climbed 78 percent for Allstate in its 2016 third quarter, a trend that led to a double-digit drop in net income and higher losses for Esurance, its online auto and home insurance ...
Super Regional Carrier Rises With Proposed BrickStreet Mutual/Motorists Mutual Affiliation
BrickStreet Mutual Insurance and Motorists Mutual Insurance Co. announced they have begun to formalize an affiliation agreement between the two companies. By affiliating, the insurers said they'll ...
The Hartford Performs Well in Q3, Despite Continued Personal Lines Challenges
The Hartford's net income grew by double digits in the 2016 third quarter, buoyed by strong commercial lines results. Personal lines, on the other hand, produced a big underwriting loss, thanks to ...
Central Italy Slammed by Series of Strong Earthquakes
A series of strong earthquakes hit central Italy on Wednesday, striking fear among residents still rattled by a deadly tremor in August, but there were no reports of casualties. A quake measured at ...
XL Group Restructures P/C Operations, Names Revamped Senior Leadership Team
Bermuda-based XL Group Ltd./XL Catlin announced senior role changes in connection with a planned realignment of its property/casualty operating model. All of the new appointments are effective as of ...
Post-Merger Chubb Scores in Q3 Net Income, Combined Ratio
The world's largest publicly traded property/casualty insurance company, Chubb Limited, reported net income for the quarter ended Sept. 30, 2016 of $1.36 billion, or $2.88 per share, compared with ...