Latest Casualty Headlines
All the headlines from our Casualty Topic Page, ordered by recency.
Fitch Report Estimates Billions in Continued Asbestos Costs
Aug 19 2002 // Fitch Ratings released a special report, “Asbestos: Impact on the U.S. Insurance Industry,” describing how future claims will affect property and casualty insurers. The report includes estimates of...
Hartford Fire Outlook Neg
Aug 19 2002 // Standard & Poor’s said the outlook for Hartford Fire Insurance Co. and related property/casualty entities remains negative despite the trend toward improved earnings throughout the remainder of 2002. The...
Travelers Property Casualty Chairman Responds to Inclusion in S&P’s Index
Aug 16 2002 // Travelers Property & Casualty will have its class B shares included in the Standard & Poor’s 500 Index. Travelers Property Casualty Chairman and CEO Robert Lipp, noted “I am very pleased that the hard...
XML Provides the Missing Link for SEMCI
Aug 13 2002 // Agents have faced the problem ever since insurance companies first introduced applications. Each company had its own form, so the agent who wanted to submit the same account to several underwriters had to write the same...
Magsam Joins Vanguard Fire & Casualty
Aug 9 2002 // Florida-based Vanguard Fire & Casualty Company appointed Richard Magsam to the position of controller. He is responsible for the day-to-day operations and financial reporting of the company’s accounting...
Partner Re Reports Record Operating Results
Aug 6 2002 // Bermuda-based PartnerRe Ltd. reported record operating results for the second quarter 2002, and reaffirmed its prior earnings guidance for the full year. PartnerRe President & CEO, Patrick Thiele, commented,...
Lewis Promoted to President & CEO of CNA Property & Casualty
Aug 2 2002 // CNA Financial Corporation announced that, effective Aug. 26, James Lewis will become the new president and CEO of CNAProperty & Casualty Operations, CNA’s largest operating business. In his new position, Lewis...
Ohio Casualty Reports Drop in Net Income for 2ndQ
Aug 2 2002 // Ohio Casualty Corporation, based in Fairfield, Ohio, announced net income of $13.1 million, or $0.21 per share, for the second quarter ended June 30. In the same quarter of 2001, the Corporation reported net income of...
S&P’s Says Hartford Fire Outlook Remains Negative
Jul 31 2002 // Standard & Poor’s Ratings Services, commenting on Hartford Fire Insurance Co.’s (Hartford Fire) second-quarter earnings, said that the outlook for the company and related property/casualty entities remains...
Bridgefield Casualty Unveils Commercial Package Policy
Jul 30 2002 // Bridgefield Casualty Insurance Company, a subsidiary of Summit Holding Southeast, Inc., is now offering a Commercial Package Policy (CPP) to employers in Mississippi and Alabama. The Commercial Package Policy (CPP) offers...
Balboa Life & Casualty Wins Contract with WFS Financial
Jul 29 2002 // Balboa Life & Casualty, a member of the Countrywide family of diversified financial services, announced a large-scale, insurance agreement with WFS Financial Inc. The deal will result in the addition of approximately...
S&P’s Lowers Eastern Casualty Co. Ratings to ‘Bbpi’
Jul 22 2002 // Standard & Poor’s has lowered its counterparty credit and financial strength ratings on Eastern Casualty Insurance Co. to double-‘Bpi’ from triple-‘Bpi’ citing a decline in capitalization...
Vanguard Fire & Casualty Company – Sidney Bright
Jul 10 2002 // Vanguard Fire & Casualty Company, of Winter Park, Fla., has promoted Sidney Bright to the position of chief underwriting officer. His responsibilities include managing the insurance company’s underwriters and...
Mo. Director Names Receiver for Transit Casualty
Jul 10 2002 // Missouri Department of Insurance Director Scott B. Lakin named Albert A. Riederer of Kansas City as the new special deputy receiver for the Transit Casualty Co. receivership. Transit Casualty—once the world’s...
Farm Bureau Mutual to Merge with Kan., Neb. Farm Bureau Affiliated P&C Insurers
Jul 9 2002 // Farm Bureau Mutual Insurance Company announced that the Farm Bureau property-casualty affiliates in Kansas (Farm Bureau Mutual Insurance Company, Inc.) and Nebraska (Farm Bureau Insurance Company of Nebraska) will merge...
Casualty Reciprocal Exchange Pool Cut
Jul 8 2002 // Standard & Poor’s cut to double-“Bpi” from triple-“Bpi” its counterparty credit and financial strength ratings on Casualty Reciprocal Exchange’s interaffiliate pool members Equity...
Casualty Reciprocal Exchange Pool Cut
Jul 8 2002 // Standard & Poor’s cut to double-“Bpi” from triple-“Bpi” its counterparty credit and financial strength ratings on Casualty Reciprocal Exchange’s interaffiliate pool members Equity...
Casualty Reciprocal Exchange Pool Cut
Jul 8 2002 // Standard & Poor’s cut to double-“Bpi” from triple-“Bpi” its counterparty credit and financial strength ratings on Casualty Reciprocal Exchange’s interaffiliate pool members Equity...
Pair of Regional Carriers on Board for Trusted Choice
Jul 4 2002 // Regional carriers Kentucky National Insurance Company and Rutgers Casualty Insurance Company are the two newest Trusted ChoiceSM company partners. Fifteen regional and national insurance carriers and one strategic alliance...
United Fire and Casualty Chooses Ernst and Young Auditors
Jun 28 2002 // United Fire & Casualty Co. has chosen Ernst & Young LLP as its independent auditors, replacing Arthur Andersen LLP, according to a Dow Jones report. Concerns about Andersen’s continued availability in the...
