Latest Casualty Headlines
All the headlines from our Casualty Topic Page, ordered by recency.
$200K Penalty Issued Against Universal Casualty in Illinois
Aug 13 2009 // The Illinois Department of Insurance has issued an order against Universal Casualty Company (UCC) for failing to adopt and maintain procedures for the prompt investigation and settlement of consumers’ claims. On Aug....
Louisiana Retailers Mutual Converts to Holding Company System
Aug 11 2009 // Louisiana Retailers Mutual Insurance Company, a workers’ compensation insurer, has received regulatory approvals from the Arkansas, Louisiana and Mississippi departments of insurance to convert to a mutual insurance...
Texas’ June Enforcement Actions Result in $441K in Fines, Restitution
Aug 10 2009 // Enforcement actions taken by Texas Commissioner Mike Geeslin that became final during June included 18 license revocations, five license denials and fines and restitution totaling $441,318, the Texas Department of...
Arkansas Details Obligations for P/C Insurance Providers
Aug 6 2009 // The Arkansas Insurance Department has posted directives on its Web site that detail compliance requirements for property casualty insurance providers in that state. The insurance department noted that while Arkansas state...
People
Aug 3 2009 // The Insurance Council of Texas recently presented William H. “Bill” Huff, vice president of Regulatory Affairs for Affirmative Insurance, with the Raymond Mauk Leadership Award. Huff is the 12th recipient of...
Top 100 Property Casualty Independent Agencies
Aug 3 2009 // About This Report: The economy, soft market and industry consolidations continued to shake up the nation’s leading independent insurance agencies in 2008. Still, nearly half, or 45 percent, of the privately-owned...
Top 100 Privately-Held Property/Casualty Agencies
Aug 3 2009 // Top 100 Privately-Held Property/Casualty Agencies Ranked by Total 2008 P/C Premium Written 2008 Rank Agency Name, Main Office 2008 P/C Premium Written 2007 P/C Premium % Premium Change 2008 Other than P/C Premium 2008 P/C...
Colorado Casualty Appoints Irving to Regional VP for Arizona
Jul 29 2009 // Colorado Casualty, a Liberty Mutual Agency Markets regional company headquartered in Centennial, Colo., announced the appointment of Brent Irving to regional vice president for the company’s Arizona territory, which...
Chartis’ Moor Maps Out 20% Sale, Other Steps in Separating from AIG
Jul 27 2009 // Bailed-out insurer American International Group Inc. rebranded its property/ casualty business under the name Chartis Monday and said it would put the equity for the division into a separate company — key steps...
People
Jul 20 2009 // Colemont Insurance Brokers has named John Cleary as vice president and casualty broker. Cleary will be physically located in New Jersey, but he will be working as part of the Hartford, Connecticut office. He brings over 25...
Property/Casualty Industry’s Earnings Down 87% in Q1
Jul 20 2009 // The U.S. property/casualty industry’s net income fell 87 percent to $1.2 billion in the first three months of 2009, according to A.M. Best. “The year-over-year decline in earnings was due primarily to the...
Ohio Casualty Introduces Commercial Fleet Management System
Jul 17 2009 // Fairfield, Ohio-based Ohio Casualty, a Liberty Mutual Agency Markets regional company, has introduced Onboard Advisor, a fleet management system that helps companies increase commercial fleet safety and productivity, save...
San Diego Chartered Property Casualty Underwriters Society Installs Officers
Jul 15 2009 // The San Diego Chapter of the Chartered Property Casualty Underwriters (CPCU) Society installed new 2009-2010 officers and directors. Officers include: President Tyler Hamilton of Alliant Specialty Insurance Services;...
State Auto: How a Regional Carrier Weathers the Storms
Jul 6 2009 // CEO Restrepo Talks Cat Losses, Premium Growth and Independent Agents Regional property/casualty insurance companies don’t make headlines like the large institutions. They simply go about their business serving...
Indiana, Missouri Ban New Business from Universal Casualty
Jul 6 2009 // Indiana ordered Elk Grove Village, Ill.-based auto insurer Universal Casualty Company (UCC) to stop writing new policies in the state until the company can demonstrate “improved business practices,” according...
People
Jul 6 2009 // Jeffrey A. Vanderpool has been promoted to senior vice president and chief claims officer at Sunshine State Insurance Co. in St. Augustine, Fla. Vanderpool has served as vice president of caims since he joined the insurer...
2009 Near National P/C Insurers
Jul 6 2009 // 2009 Near National P/C Insurers Company Name 2009 Demotech Company Classification 2008 Demotech Company Classification 2007 Demotech Company Classification Affiliated FM Insurance Co. Near National Near National Near...
Congress Told New Consumer Agency Not Needed for P/C Insurance
Jun 25 2009 // There is no need for a federal consumer protection agency for property/casualty insurance products, state insurance regulators and insurers told Congress. In testimony before the House Committee of Financial Services on a...
Indiana Joins Missouri in Banning New Business from Universal Casualty
Jun 19 2009 // Indiana has ordered Elk Grove Village, Ill.-based auto insurance company Universal Casualty Company (UCC) to stop writing new policies in the state until the company can demonstrate “improved business...
Obama Insurance Views Mirror Those of P/C Agents, Insurers, Regulators
Jun 17 2009 // The Obama administration’s views on insurance regulation are in keeping with those of many within the property/casualty insurance industry as well as state regulators who now regulate the industry. Most in the...
