Latest Casualty Headlines

Best Places FSR of North American Casualty Under Review

Feb 9 2006 // A.M. Best Co. has placed the financial strength rating of A- (Excellent) of North American Casualty Group (San Francisco) and its subsidiaries under review with positive implications. North American Casualty Group includes...

Wisconsin Insurer Warns Buyers About Post-Hurricane Vehicle Fraud

Feb 7 2006 // Sun Prairie, Wis.-based General Casualty Insurance Companies are cautioning customers about the possibility that the shiny pre-owned Honda or Buick being considered for purchase may have been submerged in flood...

What happens when the excess carrier goes under

Feb 6 2006 // Analysis of one typical large company’s 65 years of excess casualty programs turns up disturbing news. More than half of the 49 carriers that participated on this corporation’s excess programs are now insolvent...

People

Feb 5 2006 // Dianne Morris of Austin, Texas, has been elected president of the Association of Fire and Casualty Companies in Texas (AFACT) for 2006-2007. Morris is president of the Association Casualty Insurance Company. She succeeds...

2005 delivers mixed bag for property/casualty brokers

Feb 5 2006 // Stock Prices: In terms of stock prices for property and casualty brokers, the year was mixed. With its stock up 54 percent, Aon experienced a remarkable year. However, Marsh and McLennan’s woes continued as its stock...

SPECIAL REPORT: Commercial Umbrella

Feb 5 2006 // Insolvencies have left numerous corporations with uncollectible excess casualty claims and no recourse but to pay these large claims out of company coffers. What happens when the excess carrier goes under To avoid high...

The Hartford Sees Q4 2005 Net Income of $474 Million

Jan 26 2006 // The Hartford Financial Services Group Inc. reported fourth quarter 2005 net income of $474 million, or $1.53 per diluted share. The company’s net income reached $2.3 billion for the year, a new record for the...

Personal lines looking fine, thanks to fewer accidents and price changes

Jan 23 2006 // The year 2005 is looking like it was a relatively good one with solid financial news for property casualty insurers overall, despite record catastrophe losses, and 2006 could bring even better news, according to analysts...

2006 already looking good for the property/casualty industry

Jan 23 2006 // Record catastrophe losses will weigh heavily on 2005’s underwriting results, according to the Insurance Information Institute’s recent “Earlybird Forecast Survey,” but the survey of Wall Street...

People

Jan 22 2006 // Susan Alford has been named executive vice president and southeast region head for Aon Consulting in Atlanta. The promotion is effective Jan. 1. Alford will be responsible for Maryland, Virginia, North Carolina, South...

Growing Your Property Casualty Agency

Jan 22 2006 // When you encounter an account you can’t competitively place, instead of declining to quote or expending extensive time searching for a viable market, refer the prospect to a competing producer who can easily write...

Personal lines looking fine, thanks to fewer accidents and price changes

Jan 22 2006 // I.I.I. JOINT P/C FORUM: Outside Looking In – Left to right: V.J. Dowling, Dowling & Partners Securities; Mark Puccia, Standard & Poor’s; David Schiff, Schiff’s Insurance Observer; Brian P....

Partnership with Non-profits Helps Injured Workers Heal Faster

Jan 18 2006 // When workers get hurt on the job, employers usually have two options: give them modified light duty work or have them remain at home, unproductive, while they heal. General Casualty Insurance Companies, based in Sun...

Personal Lines Doing Fine, Even Without Price Changes, Suggest P&C Analysts

Jan 11 2006 // The year 2005 is looking like it was a relatively good one with solid financial news for property casualty insurers overall, despite record catastrophe losses, and 2006 could bring even better news, according to analysts...

Guy Carpenter Issues Report on U.S. Reinsurance Renewals

Jan 9 2006 // Global risk and reinsurance specialist Guy Carpenter & Company, a unit of the Marsh & McLennan Companies, has published “U.S. Reinsurance Renewals at January 1, 2006,” its “annual review of...

Jacobs Financial Group Acquires West Virginia Fire and Casualty Co.

Jan 3 2006 // Jacobs Financial Group Inc. has acquired all of the issued and outstanding stock of West Virginia Fire and Casualty Company (WVFCC) from The Celina Mutual Insurance Company (Celina) of Celina, Ohio. The transaction had...

Jan 1 2006 // Jordan B. Lotsoff recently joined Integro as principal in the Casualty Practice Group in the Chicago office. Lotsoff, with more than 15 years experience in commercial insurance, will be responsible for complex casualty...

2005 P/C industry in a word: Resilience

Jan 1 2006 // The property/casualty insurance industry reported a statutory rate of return on average surplus of 9.5 percent through the first nine months of 2005, marginally below the 10.5 percent average return recorded during...

AFACT Elects New Officers

Dec 27 2005 // Dianne Morris of Austin, Texas, has been elected president of the Association of Fire and Casualty Companies in Texas (AFACT) for 2006-2007. Morris is president of the Association Casualty Insurance Company. She succeeds...

Bowman Named COO of Crawford’s Global Property and Casualty Services

Dec 21 2005 // Jeffrey T. Bowman, president of Crawford & Co’s International Operations, has been named chief operating officer of the firm’s Global Property and Casualty Services, effective Jan. 1. This newly created...