Latest Casualty Headlines
All the headlines from our Casualty Topic Page, ordered by recency.
Palmer & Cay Dallas Office Promotes Three Associates
Feb 2 2005 // The Dallas office of Palmer & Cay Inc. reported it recently promoted three associates in its Property/Casualty practice. Campbell Letch was promoted to vice president, specializing in Property/Casualty and Health and...
The Hartford Sees 37% Gain in Q4 Net Income to $620M
Jan 28 2005 // The Hartford Financial Services Group Inc. reported a 37-percent increase in fourth quarter 2004 net income to $620 million, or $2.08 per diluted share, hitting an all-time quarterly record. Net income in the current...
A.M. Best Affirms Ratings for Southern Farm Bureau Casualty Group; Outlook Stable
Jan 27 2005 // A.M. Best Co. has affirmed the financial strength ratings of A++ (Superior) of Southern Farm Bureau Casualty Group (SFB) (Ridgeland, Miss.). The rating outlook has been revised to stable from negative. Concurrently, A.M....
Survey: Investigations into Industry Practices to Expand in 2005
Jan 24 2005 // Leaders of the property/casualty insurance industry expect the investigations into certain industry practices by state attorneys general and insurance departments will continue to expand in 2005, according to a survey...
Ohio Casualty Affirmed
Jan 24 2005 // S&P revised its outlook on Ohio Casualty Corp. and the members of the Ohio Casualty Ins. Co. Intercompany Pool to positive from stable. S&P also affirmed its “BBB” counterparty credit and financial...
Access Insurance Holdings Buys Century American Casualty Co.
Jan 20 2005 // Access Insurance Holdings Inc. of Atlanta has purchased Austin, Texas-based Century American Casualty Co. for an undisclosed sum. The acquisition provides Access with insurance licenses in 14 states, and increases its...
Survey: Investigations into Industry Practices to Expand in 2005; Respondents Expect Consolidation to Continue
Jan 14 2005 // Leaders of the property/casualty insurance industry expect the investigations into certain industry practices by state attorneys general and insurance departments will continue to expand in 2005, according to a survey...
Ohio Casualty Appoints Sullivan to Commercial Lines Division
Jan 11 2005 // The Ohio Casualty Insurance Company announced that Michael (Mike) Sullivan, 41, has been named senior vice president of the Commercial Lines Division, effective immediately. Ohio Casualty Corporation is the holding company...
Safety National Casualty Suspends 2 Employees Following Internal Probe of Dealings with Marsh
Jan 4 2005 // Safety National Casualty Corp., an excess workers’ compensation insurer based in Missouri, has suspended two of its employees for past insurance solicitation practices involving Marsh & McLennan. The action came...
Conning Says P/C Reserve Position Grows in 2003
Jan 4 2005 // Reserve deficiencies, which have plagued property/casualty insurers in recent years, improved dramatically in 2003, according to a new study by Conning Research & Consulting. The Conning Research study,...
North Pointe Taking Over 60,000 American Superior Policies
Jan 3 2005 // North Pointe Casualty Insurance Company has agreed to offer replacement homeowners’ coverage to 60,000 Florida policyholders previously covered by American Superior Insurance Company, according to Tom Gallagher,...
Focus on the Future: Come 2014, Industry Should Look Very Familiar
Jan 3 2005 // Ten years from now, some of the players within the property/casualty insurance industry will have changed but the industry itself will not look dramatically different from what it is today: Smaller companies and...
2005 P/C industry in a word: Resilience
Jan 2 2005 // 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...
Toland Joins Westrope’s Calif. Office as Casualty Broker
Dec 22 2004 // Twelve-year-old Kansas City, Mo.-based wholesaler Westrope announced the addition of Scott Toland as a casualty broker in its Irvine, Calif., office. Toland comes to Westrope from the AIG Cos., where he provided...
Saunders to Head Navigators Excess Casualty Unit
Dec 22 2004 // Navigators Management Company, a subsidiary of The Navigators Group, Inc., announced the formation of a new unit to expand its excess casualty business, specializing in commercial excess and umbrella liability...
Fitch Affirms Ohio Casualty’s Financial Strength and Debt Ratings; Outlook Stable
Dec 22 2004 // Fitch Ratings has affirmed the “A-” insurer financial strength ratings of Ohio Casualty Group’s intercompany pool members as the parent company’s “BBB-” long-term issuer rating and...
Wis. Appeals Court: Judge Erred in General Casualty Auto Liability Limits Ruling
Dec 22 2004 // WAUSAU, Wis.—A Brown County judge erred in ruling that a car insurance policy must provide $1 million in coverage following a deadly crash involving a 16-year-old driver, a state appeals court ruled recently. The policy...
P/C INSURERS POSITIONED TO WEATHER HURRICANE LOSSES:
Dec 20 2004 // Even with the nearly $21 billion of hurricane-related losses expected to be reflected in the third and fourth quarter results, the nation’s property/casualty insurers are well-capitalized and safely positioned to...
North Pointe to Cover 60,000 American Superior Fla. Policyholders in Wake of Company’s Collapse
Dec 15 2004 // North Pointe Casualty Insurance Company has agreed to offer replacement homeowners’ coverage to 60,000 Florida policyholders of American Superior Insurance Company according to Tom Gallagher, Florida’s Chief...
Carolina Casualty Insurance President to Retire in 2005
Dec 8 2004 // W. R. Berkley Corporation (NYSE:BER) announced that Armin W. Blumberg, president of Jacksonville, Fla.-based Carolina Casualty Insurance Company (Carolina) since 1997 and an employee of the W. R. Berkley Corporation group...
