Latest Casualty Headlines
All the headlines from our Casualty Topic Page, ordered by recency.
Cincinnati Financial Corp. Sees Decreased Income in Q1
May 3 2011 // Ohio-based Cincinnati Financial Corp. reported first quarter 2011 net income of $62 million compared with $68 million for the same period in 2010. Operating income came in at $55 million compared with $63 million during...
Best Affirms Harleysville Group and Subs Ratings
May 2 2011 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of Harleysville Insurance and its property/casualty pooling members,...
Best Downgrades Universal Casualty; Other Kingsway Subs under Review
May 2 2011 // A.M. Best Co. has downgraded the financial strength rating (FSR) to ‘D’ (Poor) from ‘B-‘ (Fair) and issuer credit rating (ICR) to “c” from “bb-” of Universal Casualty Company...
How Health Reform Will Affect Workers’ Comp, Liability Insurance
Apr 12 2011 // The federal health reform enacted last year will bring short- and long-term challenges to employers and the property/casualty insurance industry. According to Harry Shuford, chief economist for the insurance...
A.M. Best Revises Outlook for The Hartford
Apr 12 2011 // A.M. Best Co. has revised the outlook to stable from negative and affirmed the issuer credit rating (ICR) of “bbb+” of The Hartford Financial Services Group, Inc. A.M. Best also has affirmed the financial...
People
Apr 4 2011 // Ohio-based Westfield Insurance promoted Joseph C. Kohmann to group finance leader (CFO) and treasurer. He replaces Robert Krisowaty, who retires with more than 10 years of service. In July 2010 Kohmann assumed the position...
Shake-Up at AIG’s Chartis; Moor Out, Hancock In as CEO
Mar 31 2011 // American International Group, Inc. (AIG) today announced a reorganization of Chartis, its global property/casualty business, and named a new management team, including a new chief executive officer, Peter D. Hancock,...
Ironshore Canada Launches Specialty Casualty Division
Mar 28 2011 // Ironshore Canada Ltd. created a specialty casualty division to underwrite insurance coverages for general liability, as well as umbrella and excess liability programs. Stephen Stewart has been named vice president to head...
In Liquidation, Constitutional Casualty Downgraded to ‘F’
Mar 21 2011 // A.M. Best Co. reported it has downgraded the financial strength rating to F (In Liquidation) from D (Poor) and issuer credit rating to “rs” from “c” of Constitutional Casualty Co., based in...
Missouri Fines Auto Insurer $256K; Orders Changes
Mar 21 2011 // A Chicago-based auto insurance company has paid $256,000 in fines and is required to more quickly process, investigate and pay claims under a settlement reached with the Missouri Department of Insurance. Universal Casualty...
People
Mar 21 2011 // Baldwin & Lyons Inc., headquartered in Indianapolis, promoted Mark Bonini to executive vice president of sales, marketing and underwriting; Jim Isham to senior vice president of administration; and Craig Morfas to...
Missouri DOI Fines Auto Insurer $256K; Orders Operational Changes
Mar 11 2011 // A Chicago-based auto insurance company has paid $256,000 in fines and is required to more quickly process, investigate and pay claims under a settlement reached with the Missouri Department of Insurance, the department...
In Liquidation, Constitutional Casualty Downgraded to ‘F’
Mar 9 2011 // A.M. Best Co. reported it has downgraded the financial strength rating to F (In Liquidation) from D (Poor) and issuer credit rating to “rs” from “c” of Constitutional Casualty Co. (Constitutional),...
Colorado Casualty Expands Small Commercial Appetite
Mar 3 2011 // Colorado Casualty, a Liberty Mutual Agency Corp. regional company, has expanded its small commercial appetite with the addition of more than 60 business classes to its Commercial Protector (BOP) product. The majority of...
Ohio Casualty Targets Small Commercial Growth
Mar 3 2011 // Ohio Casualty, a Liberty Mutual Agency Corp. regional company, announced the expansion of its small commercial appetite with the addition of more than 60 business classes to its Commercial Protector BOP product. The...
Best Affirms CNA and Subs Ratings
Mar 3 2011 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of CNA Insurance Companies and its P/C members, as well as the ICR of...
Carolina Casualty Extends Trucking Binding Authority of All Risks, Ltd.
Mar 2 2011 // Carolina Casualty Insurance Co. has extended All Risks, Ltd.’s binding authority nationwide, effective March 1, 2011. All Risks, Ltd. has the authority to write trucking risks nationwide with a fleet size of eleven...
Midwest Employers Casualty Creates Healthcare Risk Management Practice
Mar 1 2011 // St. Louis, Mo.-based workers’ compensation excess insurer, Midwest Employers Casualty Co. (MECC), announced it has launched a Healthcare Risk Management Practice. MECC said it created the Healthcare Risk Management...
Chang Named Starr Casualty, Greater China Underwriting Manager
Mar 1 2011 // Hong Kong-based Starr International Company, Inc. has announced the appointment of Irene Chang as Underwriting Manager of Starr Casualty for Greater China. She will lead the effort in developing and promoting all Casualty...
Chartis 4Q Loss Tied to Reserve Strengthening
Feb 25 2011 // American International Group Inc. reported net income of $11.2 billion for the quarter ended Dec. 31, 2010, and $7.8 billion for the full year 2010. Included in the 2010 fourth quarter results is a previously announced...
