PropertyCasualty360: Property & Casualty Insurance News & Tips

Focus Groups Reveal Small-Business Insureds Open to Buying Direct

sam friedman

Direct sales to consumers of personal-lines products has been a major distribution platform for Auto and Homeowners insurance for years, keeping the heat on independent agents and brokers to prove their added value if they want to retain market share. And now a day of reckoning on small-commercial business could...

P&C Compliance-Reporting Tips: Best Practices for a Thankless Task

Ben Chandler

P&C insurers great and small are responsible for completing a variety of state-compliance reports throughout the year. These can range from standard annual or periodic reports filed with a states insurance bureau to special calls for data made directly from the state that can be issued with a deadline of...
Allstate October Cat Losses Top $1B, Mostly Due to Sandy

Chad Hemenway

Allstate Corp. says it expects $1.08 billion in pretax catastrophe losses for the month of October, primarily due to Superstorm Sandy.

Sandy to Spoil Rate Climate for Buyers as Renewals Approach

Chad Hemenway

The U.S. property practice leader for broker Marsh says Superstorm Sandy will likely drive rate increases as the Jan. 1 renewal season approaches.
Seraina Maag: Global Leader

Anya Khalamayzer

As CEO of XL Groups North American P&C Insurance operations, Seraina Maag directs seven lines of business in America, Bermuda and Canada and has also assumed responsibility for global Excess Casualty and Surety. A mother of three and former master of voltige (gymnastics on horseback), Maag was elected a Young...
How Organizations Can Set Effective Risk-Tolerance and Appetite Limits

Denise Tessier

Will you get pulled over if you are driving at 68 mph? It depends. Are you in a school zone, where the speed limit is 20 mph, posted with a flashing yellow sign? Are you in a densely populated area, where you are not supposed to go over 40 mph?...
Classic-Car Owners Face Sandy Heartbreak

Chad Hemenway

Superstorm Sandy has claimed its share of property and sentimental personal belongingsand in some cases, the damage left in the storms wake has been enough to make grown men cry.
Confessions of a Converted Insurance Company CEO

Dave Thomas

Dave Thomas became the head of an independent agency after decades as a carrier executive. Here, he reveals he has since discovered how insurers are doing wrong by independent agents & brokers.

National Underwriter Property & Casualty-December 3-10, 2012