Latest Casualty Headlines
All the headlines from our Casualty Topic Page, ordered by recency.
W.R. Berkley Corp., Operating Companies Ratings Affirmed; Outlook Negative
Dec 29 2003 // Standard & Poor’s affirmed its ‘BBB+’ counterparty credit rating on W. R. Berkley Corp. At the same time, Standard & Poor’s affirmed its ‘A+’ counterparty credit and financial...
Ohio Casualty Director Resigns Due to Conflict
Dec 22 2003 // Ohio Casualty Corporation announced that Myra C. Selby, 48, of Indianapolis, Ind., has resigned from its Board of Directors, effective Friday, Dec. 19. The bulletin explained that, “Ms. Selby, who was named a...
Infinity Property and Casualty Reports Pricing of Secondary Offering
Dec 15 2003 // Alabama-based Infinity Property and Casualty Corporation, a national provider of personal automobile insurance with an emphasis on non-standard auto insurance, announced that the secondary offering of 7,850,465 shares of...
Conference Sure of Firm Market, Uncertain About Future of Regulation
Dec 15 2003 // Except for the future of insurance regulation, there was surprising unanimity on leading issues facing the property and casualty insurance industry among both panelists and guests at the Fifteenth Annual Executive...
Conference Sure of Firm Market, Uncertain About Future of Regulation
Dec 15 2003 // Except for the future of insurance regulation, there was surprising unanimity on leading issues facing the property and casualty insurance industry among both panelists and guests at the Fifteenth Annual Executive...
Best Affirms Ohio Casualty
Dec 9 2003 // A.M. Best Co. has affirmed Cincinnati-based Ohio Casualty Group’s financial strength rating of “A-” (excellent). Best also affirmed the debt rating of “bbb-” of Ohio Casualty Corp.’s...
Chattem Inc. Notes Motion to Intervene in Lawsuit Filed by Interstate Fire & Casualty Co.
Nov 28 2003 // Chattem, Inc., a marketer and manufacturer of branded consumer products, announced that Interstate Fire & Casualty Company (“Interstate”) has filed a motion to intervene as a party plaintiff in the...
S&P Affirms Pennsylvania National Mutual Casualty ‘BBBpi’ Ratings
Nov 28 2003 // Standard & Poor’s Ratings Services announced that it has affirmed its ‘BBBpi’ counterparty credit and financial strength ratings on Pennsylvania National Mutual Casualty Insurance Co. and its wholly...
Infinity Property & Casualty Corp. to Relocate Corporate Headquarters
Nov 24 2003 // Colonial Properties Trust announced that Alabama-based Infinity Property and Casualty Corporation will relocate its corporate headquarters to Colonial Center at Colonnade on or prior to April 1, 2005. Infinity Insurance...
Ohio Casualty Group Implements AMS’s TransactNOW
Nov 20 2003 // Fairfield, Ohio-based Ohio Casualty Group (OCG) has announced that real-time billing and claim inquiries are now available to its independent agencies through TransactNOW from AMS Services Inc. TransactNOW was introduced...
Fitch Places Travelers on Rating Watch Negative Following Merger Notification
Nov 19 2003 // Fitch Ratings has placed the ‘AA’ Insurer Financial Strength (IFS) ratings of the members of the Travelers Property Casualty Group (Travelers) and the ‘A’ senior debt and long-term issuer ratings of...
Ohio Casualty’s 3Q Nets $17.2 Million
Nov 7 2003 // Fairfield-based insurer Ohio Casualty Corp posted a third-quarter profit of $17.2 million, or 28 cents per diluted share, compared with a year-ago net loss of $69.9 million, or $1.15 per diluted share. Across all lines,...
Safeco Produces Strong Underwriting Results in Auto, Homeowners and Surety
Oct 28 2003 // Safeco – which recently announced a clear focus on Property & Casualty insurance – reported strong third-quarter underwriting results in most insurance lines. “We generated healthy underwriting...
Infinity Property and Casualty Corp. Reports Successful Q3 Numbers
Oct 28 2003 // 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 third quarter of $15.0 million or $0.72...
Commentary on First Half 2003 Results
Oct 20 2003 // The property/casualty insurance industry reported a statutory rate of return of 9.7 percent in the first half of 2003, up from a disappointing 1.0 percent in 2002 and the worst-ever negative 2.4 percent recorded in 2001....
Is Late Notice Ever a Defense in Texas’
Oct 20 2003 // The notice condition in general liability policies requires that the insured provide the insurer with timely notice of any potential occurrence and the receipt of suit papers. Failure to give proper notice of either of...
XL Re Appoints Dieter Kohl Sr. VP, European Casualty Manager
Oct 17 2003 // Bermuda’s XL Re Ltd. announced that Mr. Dieter Kohl has been appointed to the new position of Senior Vice President and continental European Casualty Manager. He will be based in London, reporting to David J. Watson,...
ACE Casualty Risk Unveils ACE TankSafe for Web-Based Underwriting of Underground Storage Tank Policies
Oct 15 2003 // ACE Casualty Risk, a division of ACE USA, announced the launch of ACE TankSafe(SM), a web-based underwriting facility that enables contracted brokers to conduct automated underwriting transactions from submission to...
General Fire & Casualty Unveils New ‘CattleGuard’ Program
Oct 15 2003 // General Fire & Casualty Company (www.genfireins.com) announced the launching of its new livestock insurance product, The CattleGuard. The policy is available, subject to underwriting, in the following states: Arizona,...
Travelers Property Casualty Unveils ‘Hidden Hazards’ Fire Safety Education Program
Oct 6 2003 // Travelers Property Casualty Corp. will sponsor a public television documentary on fire safety, which will premiere in November on Connecticut Public Television and be available to other stations across the country next...
