Latest Casualty Headlines
All the headlines from our Casualty Topic Page, ordered by recency.
Carroll, Jarratt and Lee Added to PCI’s Board of Governors
Oct 29 2009 // Steven D. Carroll, Robert Jarratt and Michael H. Lee have been elected as the newest members of the Property Casualty Insurers Association of America’s (PCI) Board of Governors. Carroll, serves as executive vice...
Schwarzbach Named Underwriting Vice President for Atlantic Casualty
Oct 28 2009 // Brian Schwarzbach has been named vice president of underwriting at North Carolina-based Atlantic Casualty Insurance Co., a member of the Strickland Insurance Group. Schwarzbach has been in the excess and surplus lines...
Attack on Health Firms Is Assault on All Private Insurance, Warns P/C Chief
Oct 26 2009 // Attacks by President Obama and Congressional Democrats against private health insurers will have a “spillover effect” on other segments of the private insurance marketplace, a property/casualty insurance trade...
Torus Specialty Expands Umbrella, Excess Liability Placement Capability
Oct 22 2009 // Torus Specialty, the U.S. subsidiary of global specialty insurer, Torus, announced that it can now write $10 million in capacity for umbrella and excess liability placements. Further capacity increases are expected in the...
Q&A with Ironshore’s Kelley: Why He Left AIG and His Plans for Ironshore
Oct 19 2009 // In December, 2008, Kevin Kelley left Lexington Insurance Co., the largest excess and surplus lines insurance company, after more than 30 years during which he helped the company become one of parent American International...
People
Oct 19 2009 // Unisource Program Administrators (UPA), a workers’ compensation wholesaler headquartered in Oklahoma City, has expanded services to all 50 states. In addition, the company named Barbara Drollinger, a 20-year...
Louisiana-based Eagan Insurance Announces Staff Additions
Oct 8 2009 // Eagan Insurance Agency, based in Metairie, La., has added six insurance professionals to its staff. Joining the family business are Andrew Eagan and David Strassel, both members of the fifth generation of the Eagan family...
Evans Named Interim Board Chairman at United Fire & Casualty
Oct 8 2009 // United Fire & Casualty Company, headquartered in Iowa, announced that Jack B. Evans, currently vice chairman of the company’s board of directors, has been named interim chairman. Evans immediately assumes the...
United Fire & Casualty Chairman McIntyre Passes Away at 78
Oct 7 2009 // Iowa-based United Fire & Casualty Company has announced the passing of J. Scott McIntyre Jr., chairman of the company for the past 34 years and son of the company’s founder. McIntyre passed away in his hometown...
Ironman Kevin Kelley: Strength Through Multiple Platforms
Oct 5 2009 // Ironshore’s CEO on Why He Left AIG and How He’s Building His Young Company In December 2008, Kevin Kelley left Lexington Insurance Co., the largest excess and surplus lines insurance company, after more than 30...
Torus Opens New Managing General Agency in Bermuda
Sep 30 2009 // Torus, a global specialty insurer, has established Torus (Bermuda) Services Ltd. as a Managing General Agent (MGA) in Bermuda for Torus Insurance (UK) Limited, to “provide enhanced service to its customers, increase...
Ironshore Expands U.S. Distribution Network
Sep 30 2009 // Ironshore Inc. will be expanding its distribution network by establishing regional offices throughout the United States. Steven England has been appointed executive vice president of Ironshore Insurance Services,...
P/C Industry Net Income Falls Nearly 60% in First-Half 2009
Sep 28 2009 // Private U.S. property/casualty insurers’ net income after taxes fell 59.3 percent to $5.8 billion in first-half 2009 from $14.1 billion in first-half 2008. Insurers’ overall profitability as measured by their...
Kittleson, Hill Join Iron-Starr Excess Casualty Operation in Bermuda
Sep 10 2009 // Iron-Starr Excess Agency Limited, the joint venture between Ironshore Inc. and C. V. Starr & Co., Inc., report that Eric S. Kittleson and Mark Hill have joined the Excess Casualty operation domiciled in Bermuda....
People
Sep 7 2009 // Colorado Casualty, a Liberty Mutual Agency Markets regional company headquartered in Centennial, Colo., has appointed Brent Irving to regional vice president for the company’s Arizona territory, which includes Nevada...
Top 25 Workers’ Comp Insurers Show 36% Increase in Average Direct Premium Written
Sep 7 2009 // Results Based on Insurers’ Growth June 30, 2009, versus June 30, 2008 As I write this article, the unemployment rate in the United States was reported to be 9.4 percent as of the end of July. Gross Domestic Product...
$200K Penalty Issued Against Universal Casualty in Illinois
Aug 13 2009 // The Illinois Department of Insurance has issued an order against Universal Casualty Company (UCC) for failing to adopt and maintain procedures for the prompt investigation and settlement of consumers’ claims. On Aug....
Louisiana Retailers Mutual Converts to Holding Company System
Aug 11 2009 // Louisiana Retailers Mutual Insurance Company, a workers’ compensation insurer, has received regulatory approvals from the Arkansas, Louisiana and Mississippi departments of insurance to convert to a mutual insurance...
Texas’ June Enforcement Actions Result in $441K in Fines, Restitution
Aug 10 2009 // Enforcement actions taken by Texas Commissioner Mike Geeslin that became final during June included 18 license revocations, five license denials and fines and restitution totaling $441,318, the Texas Department of...
Arkansas Details Obligations for P/C Insurance Providers
Aug 6 2009 // The Arkansas Insurance Department has posted directives on its Web site that detail compliance requirements for property casualty insurance providers in that state. The insurance department noted that while Arkansas state...
