Latest Casualty Headlines
All the headlines from our Casualty Topic Page, ordered by recency.
Horace Mann Improves, But Ends Down for the Year
Feb 10 2003 // Horace Mann Educators Corp., based in Springfield, Ill., today reported net income of $13.5 million, or 33 cents per share, for the fourth quarter, up from $4.8 million, or 12 cents per share, for the year-earlier quarter....
P/C Pricing Growth Fastest Since 1986, New York Analysts Told
Feb 10 2003 // The property and casualty industry is well into a rebound from the terrorist attacks of Sept. 11, 2001, with premiums increasing aggressively for more than a year, a trend that will certainly continue throughout 2003 and...
Ohio Casualty Reports Lower Profits But Beats Street Estimates
Feb 6 2003 // Ohio Casualty Corp. reported lower quarterly profit as it took lower gains from investments, but it beat analysts’ forecasts as premium prices rose. The Fairfield, Ohio-based property/casualty insurer reported...
S&P’s Revises Casualty Reciprocal Exchange Rtgs. to ‘R’
Jan 22 2003 // Standard & Poor’s has revised its financial strength rating on Casualty Reciprocal Exchange (CRE) and Equity Mutual Insurance Co. (EMI) to ‘R’ from ‘CCCpi’ after a county court judge...
A.M. Best Affirms FSR of Travelers
Jan 15 2003 // A.M. Best Co. has affirmed the financial strength rating of A++ (Superior) of Travelers Property Casualty Pool (Hartford, Conn.). The rating applies to the 20-member pool, led by Travelers Indemnity Company, and two...
S&P’s Cuts ARI Mutual Co., ARI Casualty Ratings to ‘Bpi’
Jan 6 2003 // Standard & Poor’s has lowered its counterparty credit and financial strength ratings on ARI Mutual Insurance Co. (ARIM) and its affiliate, ARI Casualty Co. (ARIC), to ‘Bpi’ from ‘BBpi’....
Employers Mutual Casualty Affirmed
Dec 16 2002 // S&P’s Ratings affirmed its ‘BBBpi’ counterparty credit and financial strength ratings on Employers Mutual Casualty Co. and related pool members (collectively referred to as EMC) based on the...
Employers Mutual Casualty Affirmed
Dec 16 2002 // S&P’s Ratings affirmed its ‘BBBpi’ counterparty credit and financial strength ratings on Employers Mutual Casualty Co. and related pool members (collectively referred to as EMC) based on the...
A.M. Best Affirms Ratings of SAFECO Subsidiaries
Dec 5 2002 // A.M. Best Co. has affirmed the financial strength ratings of A (Excellent) of SAFECO Corporation’s (Seattle) property/casualty and life/health insurance subsidiaries. A.M. Best has also affirmed the...
ACE Casualty Risk Enters Environmental Risk Market
Dec 4 2002 // ACE Casualty Risk is entering the environmental risk market resulting in the creation of a new unit, ACE Environmental Risk. The new environmental and casualty underwriting unit will offer environmental liability products...
Hanover Fire and Casualty Ratings Affirmed
Nov 25 2002 // Standard & Poor’s Ratings Services announced it has affirmed its “Bbpi” counterparty credit and financial strength ratings of Hanover Fire and Casualty Insurance Co. of Plymouth Meeting,...
S&P Lowers Casualty Reciprocal Exchange Ratings to ‘CCCpi’
Nov 25 2002 // Standard & Poor’s Ratings Services announced that it has lowered its counterparty credit and financial strength ratings on Kansas City-based Casualty Reciprocal Exchange (CRE) to ‘CCCpi’ from...
Mercury Casualty Affirmed
Nov 25 2002 // A.M. Best Co. affirmed the FSR of “A+” (Superior) for the Mercury Casualty Group (Los Angeles), as well as the FSR “A-” (Excellent) of American Mercury Insurance Group (Oklahoma City) subsidiaries...
Illinois Ins. Commissioner Orders Oak Casualty into Liquidation
Nov 21 2002 // Illinois Insurance Director Nat Shapo announced that the Cook County Circuit Court has issued an Order of Liquidation with “A Finding of Insolvency” against Oak Casualty Insurance Company. The finding, issued...
S&P Affirms Employers Mutual Casualty Co ‘BBBpi’ Ratings
Nov 20 2002 // Standard & Poor’s Ratings Services announced that it has affirmed its ‘BBBpi’ (the ‘pi’ indicates the ratings are based on “public information”) counterparty credit and...
Allmerica Downgraded
Nov 11 2002 // A.M. Best Co. downgraded Worcester, Mass.-based Allmerica Financial Corporation’s (AFC) property/casualty operations from “A-” to “B++.” The company’s life and annuity operations were...
Fitch Affirms Ohio Casualty ‘BBB’ Sr. Debt Ratings
Nov 6 2002 // Fitch Ratings announced that it has affirmed the ‘BBB-‘ senior debt rating and ‘BBB-‘ long-term issuer rating of Ohio Casualty Corporation with a “stable” outlook. “The rating...
Washington Casualty Co. Ratings Lowered to ‘Bpi’ from ‘BBBpi’
Nov 5 2002 // Standard & Poor’s Ratings Services said that it lowered its counterparty credit and financial strength ratings on Washington Casualty Co. to single-‘Bpi’ from triple-‘Bpi’ because of the...
Calif. Casualty’s Brown Elected Second Vice Chair of NAII
Oct 31 2002 // Thomas Brown, chairman of the board and CEO of the California Casualty Management Company, was elected second vice chair at the National Association of Independent Insurers’ (NAII) Annual Meeting this week. Brown...
Ohio Casualty Reports $69.9 Million Q3 Loss
Oct 31 2002 // Ohio Casualty Corporation announced a net loss of $69.9 million, or $1.14 per share, for the third quarter ended September 30, 2002, compared to net income of $44.2 million, or $.73 per share, in the same period last...
