Latest Casualty Headlines
All the headlines from our Casualty Topic Page, ordered by recency.
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...
Standard and Poor’s Lowers Sterling Casualty Ratings to ‘BBpi’
Jun 19 2002 // Standard & Poor’s has lowered its counter party credit and financial strength ratings on California-based Sterling Casualty Insurance Co. to double-‘Bpi’ from triple-‘Bpi’ because of the...
ACE USA Names Gregory President of ACE Casualty Risk
May 31 2002 // ACE USA appointed Geoffrey G. Gregory to president, ACE Casualty Risk. Gregory has responsibility for the creation of a new casualty umbrella unit within ACE USA. ACE Casualty Risk will provide up to $25M in...
Standard and Poor Places Travelers’ Gulf Cos. on Negative Watch
May 30 2002 // Standard & Poor’s affirmed its single-‘A’-minus counterparty credit and senior debt ratings on Travelers Property Casualty Corp. (Travelers) and its double-‘A’-minus counterparty credit...
Ohio Casualty Files Registration Statement on Outstanding Convertible Notes
May 22 2002 // Ohio Casualty Corporation filed with the Securities and Exchange Commission a Registration Statement on Form S-3 registering its currently outstanding 5.00 percent Convertible Notes and the common shares issuable upon...
Standard and Poor’s: U.S. P/C Insurance Rates to Continue Increase on Renewals
May 17 2002 // While the events of Sept. 11 accelerated the increase in U.S. commercial real estate insurance premiums, property and casualty insurance costs had already begun rising in 2000, independent of terrorism-coverage costs,...
Travelers Property Casualty Chooses New Board Members
May 13 2002 // Frank J. Tasco, Leslie B. Disharoon and Kenneth J. Bialkin have joined the Travelers Property Casualty Board of Directors. The new directors have agreed to serve until Citigroup completes its previously announced tax-free...
