Latest Casualty Headlines
All the headlines from our Casualty Topic Page, ordered by recency.
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...
Pollard Elected NAII Chairman
Oct 31 2002 // William Pollard, executive vice president and general manager of the North Carolina Farm Bureau Mutual Insurance Company was elected chairman of the Board of Governors of the National Association of Independent Insurers...
A.M. Best Affirms Ratings for Mercury Casualty Group
Oct 29 2002 // A.M. Best Co. has affirmed the financial strength ratings of A+ (Superior) for the Mercury Casualty Group (Los Angeles). Also, the financial strength ratings of A- (Excellent) of American Mercury Insurance Group (Oklahoma...
American Casualty Requests Rate Change in Nevada
Oct 17 2002 // American Casualty Company of Reading, Pa., a subsidiary of CNA Insurance Group, recently filed a request for rate increase in Nevada. The increase, if granted, would be placed in effect on policies in the Medical...
Continental Casualty Requests Rate Change in Nevada
Oct 16 2002 // Continental Casualty Company, a subsidiary of CNA Insurance Group, recently filed a request for rate increase in Nevada. The increase, if granted, would be placed in effect on policies in the Medical Professional Liability...
COLONIAL CASUALTY IN TROUBLE
Oct 14 2002 // A Travis County Grand Jury handed down indictments to a Texas couple alleging that the two stole over $1 million from Colonial Casualty Insurance Company, a workers compensation insurance company based in Dallas. The...
Conning Says Casualty Insurers’ Results Slightly Improved
Oct 11 2002 // The U.S. Property/Casualty industry outlook is improving, but not dramatically, according to Conning Research and Consulting, Inc. Premium growth is significant, but income and return on equity are projected to improve...
