Latest Casualty Headlines
All the headlines from our Casualty Topic Page, ordered by recency.
Regulators: AIG Not Using Bailout Funds to Underprice Insurance
Mar 18 2009 // Despite some complaints by competitors, American International Group (AIG) does not appear to be using federal bailout funds to lower its insurance prices to keep and attract business, state and federal officials told a...
People
Feb 22 2009 // Juan Andrade and Jonathan Bennett have been named as interim co-leads of the Property and Casualty Operations of The Hartford. Their appointment to those interim positions follows the departure of Neil Wolin, president and...
Colorado Casualty Introduces Workers’ Comp in Nevada
Feb 22 2009 // Englewood, Colo.-based Colorado Casualty, a Liberty Mutual Agency Markets regional company, has added workers’ compensation coverage to its commercial insurance product line in Nevada. “Bringing workers’...
People
Feb 8 2009 // Linda Timmons has been promoted to director of communications for the Independent Insurance Agents of Texas (IIAT). In this position, Timmons will manage the organization’s internal and external communications,...
The Hanover Group Sees Profits Shrink
Feb 6 2009 // Fourth quarter profits at The Hanover Insurance Group fell 55 percent from $75.8 million a year ago to $34.1 million. Full-year net income dropped nearly 92 percent to $20.6 million, from the $253.1 million the Worcester,...
Colorado Casualty Introduces Workers’ Comp in Nevada
Feb 5 2009 // Englewood, Colo.-based Colorado Casualty, a Liberty Mutual Agency Markets regional company, announced it has added workers’ compensation coverage to its commercial insurance product line in Nevada. “Bringing...
Texas Announces December Insurance Industry Enforcement Actions
Feb 3 2009 // The Texas Department of Insurance announced enforcement actions taken by Commissioner Mike Geeslin that became final during December. The actions include five license revocations, three license denials and fines and...
Argo Group Forms Casualty & Professional Risks Division
Feb 2 2009 // The Bermuda-based Argo Group International announced that it has established a Casualty and Professional Risks division within Argo Re, the Company’s reinsurance division. “The newly formed division will write...
Best Affirms Nationwide Group ‘A+’ Ratings, Changes Outlook to Negative
Jan 29 2009 // A.M. Best Co. has revised the outlook to negative from stable and affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa-” of Nationwide Group and its...
Obama Taps The Hartford’s Wolin for Key Economic Policy Post
Jan 28 2009 // The Hartford Financial Services Group, Inc. today announced that Neal Wolin, president and chief operating officer of the company’s Property and Casualty Operations, has accepted a position in the White House as...
Former AIG CEO Greenberg, Ironshore in Joint Excess Casualty Venture
Jan 26 2009 // Maurice “Hank” Greenberg, the man who ran American International Group for nearly 40 years and who now runs C.V. Starr & Co., is being reunited with some executives who used to work under him when he ran...
People
Jan 25 2009 // American International Group Inc. (AIG) named Russell Johnston president and CEO of AIG Environmental, a unit of AIG Commercial Insurance. Johnston joined AIG in 1990 serving in senior management positions within...
Catlin US Establishes Casualty Facultative Reinsurance Unit
Jan 21 2009 // The Bermuda-based Catlin Group Limited has announced the addition of Casualty Facultative Reinsurance to its portfolio of products underwritten by Catlin US. Scott Beall, Director – Casualty Facultative Reinsurance,...
Markel International Appoints Lu as Senior Casualty Underwriter
Jan 15 2009 // Markel International Limited has appointed Louisa Lu as senior casualty underwriter in the product liability division of Markel International Singapore. Louisa will report to Peter Phillips, managing director of Markel...
Allied World U.S. Opens New Offices in Western Region
Jan 15 2009 // Allied World Assurance Co. Holdings Ltd. announced the recent opening of two new Allied World U.S. offices in California, located in Costa Mesa and Los Angeles. These offices were opened to expand distribution of Allied...
Colorado Casualty Introduces Workers’ Compensation to Product Line
Jan 13 2009 // Englewood, Colo.-based Colorado Casualty, a Liberty Mutual Agency Markets regional company, announced that it is adding workers’ compensation coverage to its commercial insurance product line. Workers’...
Private, Independent and Free
Jan 11 2009 // Ohio-based The Hylant Group Has 12 Locations But Only One Philosophy — Give Customers and Staff What They Need to Succeed Top 100 Agency Profile RANKING: No. 7 Agency Name: The Hylant Group Headquarters: Toledo,...
Texas Workers’ Comp Div. Assesses $285K in Fines June – Oct. 2008
Jan 9 2009 // The Texas Department of Insurance Division of Workers’ Compensation (TDI-DWC) from June through October 2008 assessed administrative penalties totaling $285,775 in disciplinary orders issued by Commissioner of...
AIG’s Lexington to Manage AIG Public Entity Casualty Insurance Accounts
Jan 6 2009 // AIG Commercial Insurance will service all casualty insurance coverage for the public sector through its Lexington Insurance Co., the insurer announced. Specifically, effective as of Jan. 1, 2009, Lexington’s Casualty...
2008: Top Stories of the Year
Jan 5 2009 // 2008 can be described as a year like no other in the property/casualty insurance world. This year we saw the near death of the world’s largest and most successful insurance company, AIG. The soft market continued to...
