Latest Casualty Headlines
All the headlines from our Casualty Topic Page, ordered by recency.
United Fire & Casualty to Close New Orleans Office
Mar 31 2004 // United Fire & Casualty Company announced it will close its New Orleans Regional Office and consolidate its business with that of the company’s regional office in Galveston, Texas. All of the office’s...
Alabama P/C Market Gaining Momentum
Mar 30 2004 // Walter Bell With signs of improvement on the horizon for the property/casualty market in Alabama, Insurance Commissioner Walter Bell recently set aside time to talk with Insurance Journal Southeast about conditions in the...
Hannover Re 2003 Net up 32.8% to $431 Million
Mar 30 2004 // Germany’s Hannover Re Group joined Swiss Re and General Re in reporting a very successful 2003. The world’s fourth largest reinsurer posted net income of 354.8 million euros ($43I million) compared to 267.2...
Liability Management Systems Expands Services to Include Casualty Claims
Mar 26 2004 // San Francisco-based Liability Management Systems, LLC, a member of the FSC Group, announces the expansion of its risk and loss management practice with the addition of casualty claims consultation to serve the insurance...
ACE USA Launches Energy Excess Casualty Practice
Mar 26 2004 // New York-based ACE Casualty Risk, a division of ACE USA, announced the launch of its Energy Excess Casualty Practice, which provides “a comprehensive package of insurance products and services focusing on...
Alea Names Ricciardelli President and COO
Mar 23 2004 // Alea Group Holdings (Bermuda) Ltd., a global reinsurance and specialty insurance company, has named Mark L. Ricciardelli as Group President and Chief Operating Officer, effective immediately. As President and COO, he will...
Best Downgrades Winterthur’s U.S. Subs to ‘A-‘
Mar 17 2004 // A.M. Best Co. announced that it has downgraded the financial strength ratings to “A-” (Excellent) from “A” (Excellent) of the U.S. based property/casualty insurance subsidiaries of Winterthur Swiss...
Ohio Casualty Director Won’t Seek Re-Election
Mar 15 2004 // Stephen S. Marcum, 46, has announced that he will not seek re-election as a member of the board of directors of the Fairfield-based insurer Ohio Casualty Corp. He will step down effective April 21, 2004, at the...
S&P Reports Cumberland Casualty & Surety Co. Ratings Revised to ‘R’
Mar 10 2004 // Standard & Poor’s has revised its counterparty credit and financial strength ratings on Florida-based Cumberland Casualty & Surety Co. (CCS) to ‘R’ from ‘Bpi’. This rating action was...
P/C Insurers’ Profits Double First Three Quarters of 2003; Industry’s Underwriting Loss Sees Improvement
Mar 9 2004 // Property and casualty insurers earned $22.9 billion during the first nine months of 2003, representing a $12.1 billion, or 112 percent, increase over the $10.8 billion profit reported during the same period in 2002,...
OHIO CASUALTY LAYS OFF 260:
Mar 8 2004 // Insurer Ohio Casualty Corp. announced that its 2004 fourth-quarter profit was $27.7 million, down 5 percent from last year’s $29.1 million. Meanwhile, the Fairfield, Ohio-based company boasted that a company-wide...
AscendantOne Awarded Contract by NOVA Casualty Co.
Mar 1 2004 // The AscendantOne unit of Insurance Services Office Inc. (ISO) has been awarded a contract by NOVA Casualty Company to provide web-based property/casualty rating, quoting and rate-management services. AscendantOne’s...
Ark. Outlines Expectations for Renewals, Cancellations and Underwriting
Feb 24 2004 // On February 20, 2004, the Arkansas Insurance Department issued the following directive on cancellations, nonrenewals and discriminatory underwriting practices for property and casualty insurance: The Department recognizes...
Unreimbursed Property/Casualty Losses Often Overlooked Tax Deduction Says III
Feb 24 2004 // With less than two months left until tax day, taxpayers are sifting through their files to assess last year’s gains and losses. An often-overlooked deduction is unreimbursed property and casualty losses, according to...
Washington Commissioner Takes Med-Mal Crisis in Stride
Feb 23 2004 // Washington native Mike Kreidler was elected to the office of Insurance Commissioner in November 2000, taking office in January 2001. Before becoming Insurance Commissioner, Kreidler enjoyed a varied political career. He...
Infinity Property and Casualty Corp. Notes Closing of $200 Million Senior Notes Offering
Feb 19 2004 // Alabama-based Infinity Property and Casualty Corporation, a provider of personal automobile insurance with an emphasis on non-standard auto insurance, has closed the previously announced offering of $200 million Senior...
Casualty Actuarial Society Ratemaking Seminar Set for March 11-12
Feb 19 2004 // The issues driving the medical malpractice crisis will be among the topics addressed at the annual Ratemaking Seminar of the Casualty Actuarial Society (CAS), March 11-12, at the Wyndham Franklin Plaza Hotel in...
Ohio Casualty’s Q4 Profit Down 5%; 260 Laid Off; S&P Revises to Stable
Feb 17 2004 // Insurer Ohio Casualty Corp. announced that its 2004 fourth-quarter profit was $27.7 million, down 5 percent from last year’s $29.1 million. Meanwhile, the Fairfield, Ohio-based company boasted that a company-wide...
Allied World Promotes Nessa Goodman to Assistant VP-General Casualty
Feb 13 2004 // Allied World Assurance Co. [Europe], Limited [AWAC Europe] announced that Nessa Goodman has been promoted to the position of Assistant Vice President, General Casualty. She joined AWAC on November 4, 2002, in the position...
Infinity Property and Casualty Corp. Releases Q4 Results
Feb 10 2004 // Alabama-based Infinity Property and Casualty Corporation, a provider of personal automobile insurance with an emphasis on nonstandard auto insurance, reported net earnings for the fourth quarter of $19.5 million or $0.94...
