Latest Casualty Headlines
All the headlines from our Casualty Topic Page, ordered by recency.
Storms Impact Ohio Casualty Profits
Jul 19 2001 // Losses from severe storms will cut into profits for Ohio Casualty Corp. for second-quarter earnings, increasing the loss the car, home and business insurer was slated to report for the quarter. Based in Fairfield, the...
Study Says Eight Insurers Command 65% Market Share in Hurricane-Prone States
Jul 13 2001 // A recent study by Palm Beach Gardens, Fla.-based Weiss Ratings Inc. indicated that just eight large property and casualty insurers provide homeowners coverage to residents in hurricane-prone states. Weiss Ratings, a...
A.M. Best Affirms Nationwide’s FSRs, Assigns Initial Debt Ratings
Jun 26 2001 // A.M. Best Co. affirmed the A+ (Superior) financial strength ratings (FSR) of the primary property/casualty operations of the Nationwide Group, Columbus, Ohio, as well as its affiliated life insurance companies. In...
Ohio Casualty Retools Company
Jun 25 2001 // In a move to jump-start its falling stock and return to the black, Ohio Casualty Corp. has unveiled a major restructuring plan. With the move, the Fairfield-based insurer saw its shares of stock vault 16 percent earlier in...
Eastern Casualty Puts a Moratorium on New Mass. Workers’ Comp. Coverage
Jun 18 2001 // According to a report in The Boston Globe, Marlborough-based Eastern Casualty Insurance Co., Massachusetts’ third largest writer of workers’ compensation coverage, has informed its agents in the state that it...
GuideOne Insurance Sells Tulsa Operations to Home State
Jun 18 2001 // GuideOne Insurance announce that the company signed a definitive agreement, effective Aug. 1, 2001, to sell GuideOne Casualty Insurance Company, the organization’s Tulsa, Okla., operation, to the Home State Insurance...
Ohio Casualty Reorganizes
Jun 12 2001 // Ohio Casualty Corp., the parent company of a collection of auto, home and business insurers, is planning to offer early retirement to more than 300 staff–approximately 10 percent of its workforce. Ohio Casualty is...
Ocean Harbor Casualty Affirmed
Jun 11 2001 // The “BBpi” FSR on Ocean Harbor Casualty Insurance Co. (OHCIC) was affirmed by S&P, which cited the company’s volatile premium revenue and operating performance as major rating factors. Those negative...
Agents Selling Financial Services, Three Texas Agents Discuss Success
Jun 4 2001 // During the last decade, the wall separating the worlds of banking and insurance has crashed down. Banks are buying insurance agencies. Banks are merging with insurance companies. The Independent Insurance Agents of America...
Gomez Study Identifies Consumer Adoption Trends for P/C Insurers
May 21 2001 // The Internet delivery of property and casualty insurance products and services is approaching the mainstream, according to a consumer research study released by Gomez Inc., an Internet quality measurement firm. The study...
A.M. Best Report: Asbestos Claims Surge Set to Dampen Earnings
May 21 2001 // The property/casualty industry may be facing a surge in asbestos claims that could cumulatively cost the industry as much as $65 billion. This new estimate of ultimate asbestos-related losses is nearly two-thirds higher...
Lumbermens Mutual Casualty Cos. Ratings Affirmed
May 17 2001 // Standard & Poor’s (S&P) affirmed all outstanding interactive ratings on Lumbermens Mutual Casualty Cos. (the Kemper Insurance Cos., collectively Kemper). The outlook is stable. According to S&P, Kemper...
ICT To Hold Property and Casualty Symposium
May 14 2001 // The Insurance Council of Texas will hold its annual meeting along with a property and casualty insurance symposium June 27-28 in Austin. Member company representatives are encouraged to attend the annual meeting and the...
XML Provides the Missing Link for SEMCI
May 13 2001 // 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...
Acceptance Ins. Cos. Announces Sale of P/C Businesses
May 11 2001 // Acceptance Insurance Companies Inc., an insurance holding company providing agricultural risk management products and services throughout the U.S., agreed to sell two wholly owned insurance companies to McM Corporation, a...
Ohio Casualty Ratings Lowered
May 9 2001 // Standard & Poor’s (S&P) lowered its “BBB+” counterparty credit and financial strength ratings on American Fire & Casualty Co., Ohio Casualty Insurance Co., Ohio Security Insurance Co., and...
S&P Affirms General Casualty of WI
May 7 2001 // The “Api” FSR on General Casualty of Wisconsin was affirmed by S&P. The rating action also applies to the company’s related pool members: Regent Ins. Co.; General Casualty of Illinois; Hoosier Ins....
Ohio Casualty Names New Chairman
Apr 19 2001 // Ohio Casualty Corporation, the holding company of the Ohio Casualty Insurance Company, appointed Stanley Pontius to replace its retiring chairman, William Woodall. Pontius, a director of Ohio Casualty for over six years,...
A.M. Best Reports U.S. Continued Weakening in U.S. Property/Casualty Results for 2000
Apr 16 2001 // According to a new A.M. Best Co. report, property/casualty results for the fourth quarter and the full year 2000 continued to weaken as the effects of the prolonged soft market overshadowed the benefits of price firming....
American National Completes Acquisition of
Apr 12 2001 // American National Insurance Company (American National) and Farm Family Holdings Inc. (Farm Family ) announced that American National had completed its acquisition of Farm Family, a transaction valued at approximately $280...
