Many of today's most prominent P&C insurers were started by individuals seeking to serve a specific market need for unique groups like farmers, rural drivers, military members and shippers.
A new study from the National Association of Professional Insurance Agents (PIA) has found that small-business owners strongly prefer independent insurance agents when it comes to making their insurance selections, but that those agents must continuously demonstrate their value as informed advisors and offer digital benefits.
Its no secret that California permits policyholders to assert either contract or tort remedies for an insurers breach of the implied covenant of good faith and fair dealing. Here's what that means for carriers.
State Farm Mutual Automobile Insurance Co., the largest U.S. property-casualty insurer, said 2014 profit fell 19 percent as the underwriting loss widened on car coverage.
Is the property & casualty insurance economic picture better from the outside looking in, or the inside looking out? A panel of outside experts, followed by a panel of insurance company CEOs, considered this question at the Property/Casualty Insurance Joint Industry Forum, held Jan. 13 at New York's Waldorf-Astoria.
Is the property and casualty insurance economic picture better from the outside looking in or the inside looking out? A panel of outside experts, followed by a panel of insurance company CEOs, found the picture mixed, with all lines facing rate pressure.