property and casualty News

Claims Insurtech Snapsheet Raises $29 Million to Expand Into All P/C Lines

Virtual insurance claims services company Snapsheet has closed on $29 million in Series E funding. The company said it will use the funds to expand beyond auto into all lines of property/casualty insurance and expand globally as well as enhance …

P&C Reserves Improved Last Year, Pushed by Workers’ Comp

Separate reports by financial analysts concluded that property and casualty carriers improved the condition of their claim reserves in 2018, in large part because of favorable loss development in the workers’ compensation line. Keefe, Bruyette & Woods reported that property …

PURE Expands P&C Coverage to Owners of High-Value Homes in Louisiana

Privilege Underwriters Reciprocal Exchange (PURE) announced the expansion of its customized property and casualty insurance coverage to owners of well-built, high-value homes in Louisiana. The Exchange serves more than 13,000 affluent individuals and families by offering high-value homeowners, private fleet …

Starr Companies Announces Formation of Global Casualty Insurance Practice

Starr Companies announced today the formation of a Global Casualty Insurance Practice, providing overall underwriting leadership for Starr’s general casualty insurance offerings. The organization’s casualty insurance will continue to be written throughout the companies many locations around the world. Jim …

UPC Approved to Write P&C Insurance in Rhode Island

United Property and Casualty Insurance Company (UPC), a homeowners insurer, has been approved by the Rhode Island Department of Business Regulation to write property and casualty insurance in the state as an admitted carrier. UPC is a wholly-owned subsidiary of …

NetRate Systems Introduces Businessowners Rate-Issue System for MGA’s and Carriers

Okemos, MI August 1, 2011 – NetRate Systems, Inc.(Okemos, MI), a leading supplier of ISO® Commercial Lines Rating software for the MGA and carrier marketplace, has announced the availability of a new, high-powered Rate and Policy Issue system designed and …

Arrowhead Announces Acquisition of Specialty Agency Trafalgar Marine Insurance Services

San Diego, CA, 05/17/11 – ARROWHEAD General Insurance Agency, Inc., one of the nation’s largest property and casualty insurance program managers, is pleased to announce the acquisition of the specialty insurance agency, Trafalgar Marine Insurance Services, Inc. The acquisition represents …