Latest Casualty Headlines
All the headlines from our Casualty Topic Page, ordered by recency.
Despite Heavy Catastrophe Losses, Top 25 P/C Insurers Report Premium Growth, Net Income Through Third-Quarter 2011
Jan 23 2012 // Amid the continued difficult economic conditions, a heightened frequency of catastrophic events in 2011 has resulted in nearly $40 billion of losses to insurers. The losses associated with these catastrophes have been...
Starr Companies Hires AIG Exec to Lead Defense Base Act Coverages
Jan 20 2012 // Starr Companies has appointed Shane McCaffrey as profit center manager in charge of Defense Base Act and foreign casualty insurance for U.S.-based multinationals. Starr Companies said Defense Base Act and foreign casualty...
Oklahoma’s GHS Property and Casualty Insurance Co. Ratings Downgraded
Jan 19 2012 // A.M. Best Co. has downgraded the financial strength rating to B++ (Good) from A- (Excellent) and issuer credit rating to “bbb+” from “a-” of GHS Property and Casualty Insurance Co. (GHS), located in...
I.I.I. Survey: P/C Executives Expect Improved Profitability in 2012
Jan 11 2012 // Most property/casualty insurance executives believe the worst of the financial crisis is over and that the industry is now in the early stages of a hard market, according to a survey from the Insurance Information...
Endurance Promotes Boland to Senior VP in New York Office
Jan 10 2012 // Endurance Specialty Holdings promoted Mark Boland to the position of senior vice president, primary casualty insurance. In his new role, Boland will lead Endurance’s U.S. wholesale primary casualty insurance...
5 Strategies for P/C Insurers for 2012
Jan 10 2012 // The economic uncertainty that plagues buyers of insurance does not bode well for the property/casualty insurance industry, experts are warning. Ernst & Young, the global tax and business advisory firm, said it expects...
Catastrophes Erode P/C Insurers’ Results for 9 Months of 2011
Dec 27 2011 // Private U.S. property/casualty insurers’ net losses on underwriting grew to $34.9 billion in nine-months 2011 from $6.3 billion in nine-months 2010. The combined ratio deteriorated to 109.9 percent for nine-months...
Report: Recent Advances in Casualty Catastrophe Models Help Insurers
Dec 21 2011 // A new report says recent advances in casualty catastrophe modeling can help insurers to understand potential exposures to mass torts. The report, released this month, is titled “The Need for Casualty Catastrophe...
Fact or Fiction? Insurance Tidbits of Known and Little-Known Information
Dec 16 2011 // Have you ever wondered how modern-day fire departments began? Or why agents buy E&O coverage? What about when the first business owners policy launched? These are just a few questions that Insurance Journal and Claims...
XL Hires ACE Exec as N.Y.-based President of America Casualty Business
Dec 15 2011 // XL Group’s North America property/casualty unit hired Ken Riegler as president of its North America casualty group. He will be based in New York and report to Seraina Maag, XL chief executive for North America...
Ironshore Names Tracey as VP, Specialty Casualty
Dec 14 2011 // Ironshore Inc. named Tracey Sharis as specialty casualty unit as vice president. Sharis will be responsible for expanding Ironshore’s distribution of retail and construction insurance programs within the United...
Starr Sets up Global Casualty Practice
Dec 6 2011 // Starr Companies has formed a Global Casualty Insurance Practice to provide underwriting for Starr’s general casualty insurance products. The new practice was designed to help continue a focused and consistent...
Haigood to Head Texas Fire and Casualty Insurer Association
Dec 5 2011 // Lyndell Haigood, regional vice president of State Auto Insurance Co., has been elected president of the Association of Fire and Casualty Companies in Texas (AFACT). Haigood was elected during AFACT’s annual meeting...
Insurers Boost California’s Economy by $34.7 Billion
Nov 29 2011 // California’s a $1.9 trillion economy gets a multi-billion dollar boost from the property/casualty insurance industry, according to a report from the Insurance Information Institute issued Tuesday. In 2009, insurers...
Best Affirms Zurich American and Subs ‘A+’ Ratings; Outlook Stable
Nov 22 2011 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa-” of Zurich American Insurance Company (Zurich US), headquartered in...
P/C Market to See Only Moderate Changes in Rates in 2012: Willis
Nov 21 2011 // Property/casualty insurance rates will continue to be flat to with some slight increases or decreases in most major and specialty lines of insurance. Some exceptions to that trend include catastrophe-exposed property...
Washington Casualty Names New Marketing Vice President
Nov 16 2011 // Washington Casualty Company (WCC), a provider of medical professional liability coverage and member company of Boston, Mass.-based Coverys, has promoted Cary Ecker to vice president of marketing. Cary will manage the WCC...
CNA Select Risk Appoints Bladek AVP, Casualty
Nov 15 2011 // Chicago-based CNA Select Risk, which includes excess and surplus (E&S) business, as well as wholesale property accounts, appointed Rich Bladek as assistant vice president of Select Risk – Casualty. Bladek will be...
CRC Insurance Services Appoints Casualty Broker in New Jersey
Nov 9 2011 // CRC Insurance Services, a wholesale broker headquartered in Birmingham, Ala., hired Kenneth Echols as a casualty broker for the Parsippany, N.J., office. In his new role, Kenneth will focus on helping retail insurance...
Sentry Expands Casualty Products to Clients with Overseas Operations
Nov 9 2011 // Sentry Insurance is now offering foreign general liability and foreign voluntary workers’ compensation to U.S.-based clients with multinational operations. Sentry’s foreign general liability product provides...
