Latest Casualty Headlines
All the headlines from our Casualty Topic Page, ordered by recency.
People
Apr 19 2010 // CNA appointed Nancy Osborn branch vice president for its Phoenix and Albuquerque, N.M., offices; and Connie Taylor vice president of its new Los Angeles branch office, scheduled to open in May. Osborn began her insurance...
Correction: Crump Group No. 1 Overall Wholesaler
Apr 16 2010 // The original story on the acquisition of Colemont Brokers by AmWINS Group identified the post-merger AmWINS as the largest wholesale broker. But this is only true when considering property/casualty premiums...
P/C Industry’s Net Income Up $25B in 2009; Combined Ratio Improves
Apr 15 2010 // The U.S. property/casualty industry’s profitability as measured by their rate of return on average policyholders’ surplus (or statutory net worth) increased by 5.8 percent in 2009, while private P/C...
AmWINS CEO DeCarlo on Colemont Merger, Texas and Going Global
Apr 14 2010 // The acquisition of wholesale insurance broker Colemont Insurance Brokers by its competitor AmWINS Group gives AmWINS entry into international markets for the first time and a bigger presence in Texas, where Colemont is...
Starr Indemnity Forms General Casualty Excess Group
Apr 14 2010 // Starr Indemnity & Liability Co. Inc. has formed General Casualty Excess Group, which will provide liability options for accounts that use risk management services. Starr Indemnity can offer up to $25 million in...
Universal Casualty May Sell Auto Insurance in Missouri Again
Apr 12 2010 // The Missouri Department of Insurance has lifted its restrictions on Chicago-based auto insurance company, Universal Casualty Co., allowing it to start offering new policies in Missouri again. Director John M. Huff issued a...
People
Apr 5 2010 // Accident Fund Insurance Company of America, based in Lansing, Mich., appointed Lisa Riddle the new vice president of Claims and Medical Operations. In her new role, Riddle is responsible for the strategic direction of...
Oklahoma Seeks Receivership of Imperial Casualty and Indemnity
Apr 5 2010 // Oklahoma insurance regulators have moved to seize a workers’ compensation insurer they say is insolvent and whose owners are being accused of deceptive financial transactions involving another recently-liquidated...
People
Apr 5 2010 // Novato, Calif.-based Fireman’s Fund Insurance Co. named David Zona senior vice president of product management in commercial insurance. He will be responsible for setting direction and priorities for various...
Beauvais to Head Ironshore’s Construction Practice in U.S.
Apr 5 2010 // Specialty insurer Ironshore Inc. announced that Ben Beauvais will head the company’s domestic construction practice within its U.S. Specialty Casualty division, including the operations of IronBuilt. Beauvais, based...
IMA of Texas Hires Bailey as VP – Benefits, Property and Casualty
Apr 2 2010 // IMA of Texas Inc., a retail insurance broker and risk management firm, announced that Kyle A. Bailey joined the company as a vice president for employee benefits and property and casualty insurance. Bailey has more than 12...
A.M. Best Downgrades Interstate Bankers Casualty Company
Mar 30 2010 // A.M. Best Co. has downgraded the financial strength rating to B+ (Good) from B++ (Good) and issuer credit ratings to “bbb-” from “bbb” of Interstate Bankers Casualty Company of Chicago, Ill. The...
Best Affirms Hartford’s ICR – Outlook Negative; Other Ratings Affirmed
Mar 29 2010 // A.M. Best Co. affirmed the issuer credit rating (ICR) of “bbb+” of The Hartford Financial Services Group, Inc. with a negative outlook. The rating agency also affirmed the FSRs of ‘A’ (Excellent)...
Golden Gate Chartered Property Casualty Underwriters Society Recognizes Leaders
Mar 22 2010 // The Chartered Property Casualty Underwriters Society Golden Gate Chapter has awarded Janis Dunivin of Wells Fargo Insurance Services of California with its Insurance Person of the Year Award, and State Farm with its...
P/C Executives to Dodd: Don’t Shift Risky Firms’ Costs to Insurers
Mar 19 2010 // Property/casualty insurance companies, which already pay into state guaranty funds to backup claims of their insolvent peers, don’t want to have to also pay into a federal fund to cover failures of larger and riskier...
Best Affirms Ratings of Farmers Insurance Group and Members
Mar 17 2010 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of Farmers Insurance Group and its members. Best also affirmed the debt...
Property/Casualty Insurers Have Issues with Dodd Financial Reform Bill
Mar 16 2010 // Even though they are largely excluded from the federal financial regulatory overhaul proposed in the Senate, property/casualty insurers say there are some elements they fear could negatively affect them and their...
Ohio Casualty Introduces New Learning Center for Appointed Agents
Mar 10 2010 // Ohio Casualty, a Liberty Mutual Agency Markets regional company, has introduced its comprehensive online Agent Learning Center for its appointed agencies. Ohio Casualty appointed agents can now register for classroom...
People
Mar 7 2010 // Thomas J. Schaffler has been named president of Lockton Cos. employee benefits practice in Chicago. He joined Lockton more than 10 years ago as executive vice president and producer and serves on the Chicago executive...
People
Mar 7 2010 // The Main Street America Group announced that Steve Peeters, who most recently was president and chief operating officer of Jacksonville, Fla.-based Zurich Insurance Services, has joined The Main Street America Group as...
