Latest Casualty Headlines
All the headlines from our Casualty Topic Page, ordered by recency.
Worldwide Facilities Hires Brokers in Seattle, Phoenix and Los Angeles
Dec 29 2008 // Los Angeles-based Worldwide Facilities Inc., has hired new brokers in its Property & Casualty and Financial Services departments. Joe Smith has joined the company as a directors and officers broker in the Seattle...
2008: A Year of Financial Storms
Dec 21 2008 // 2008 can be described as a year like no other in the property/casualty insurance world. This year, the industry witnessed the near death of the world’s largest and most successful insurance company, AIG. The soft...
The Buckner Co. Names Rons Underwriter of the Year
Dec 18 2008 // The Buckner Company, based in Salt Lake City, Utah, named Kimberly Rons, commercial lines senior underwriter for Colorado Casualty, as Underwriter of the Year. The Buckner Company nominated a dozen underwriter finalists...
Industry Profits Dove Massively through First Nine Months of 2008
Dec 16 2008 // After-tax profits for the U.S. property and casualty industry through the first nine months of the year were $4.1 billion — a 91.8 percent decline from the $50 billion in profits earned the same period a year ago,...
Ohio Casualty Teams Up with National Alliance for Risk Managers Program
Dec 9 2008 // Fairfield, Ohio-based Ohio Casualty, a Liberty Mutual Agency Markets regional company, is teaming with The National Alliance for Insurance Education & Research to offer its Certified School Risk Managers (CSRM)...
People
Nov 30 2008 // Willis Group Holdings appointed Phillip Ellis leader of a new division focused on growing the company’s Enterprise Risk Management business for Willis’ Global Retail and Specialty teams. He was most recently...
Safeco, Ohio Casualty Name New Mid-Atlantic Regional Operation Heads
Nov 21 2008 // Safeco Insurance and Ohio Casualty, both Liberty Mutual Agency Markets companies, recently announced key management appointments to lead their respective personal and commercial lines operations in their Mid-Atlantic...
Safeco and Colorado Casualty Announce New Mountain Region Operations
Nov 19 2008 // Safeco Insurance and Colorado Casualty, both Liberty Mutual Agency Markets companies, announced key management appointments to lead their respective personal and commercial lines operations in their Mountain...
Hartford Casualty Insurance Tries to Duck Crandall Canyon Lawsuits
Nov 18 2008 // An insurance company doesn’t want to pay for any civil damages resulting from the collapse at Crandall Canyon in Utah that killed six coal miners and some of the rescuers who tried to save them. Hartford Casualty...
Insurance Information Network Of California Offers Fire Victims Recovery, Claims Info
Nov 18 2008 // With displaced residents of the Southern California fires now returning to their neighborhoods, several home and business owners are now finding themselves facing dozens of questions before they rebuild. To help navigate...
Swett & Crawford Los Angeles Names Markese Named VP of Casualty
Nov 17 2008 // Swett & Crawford, a wholesale broker of commercial insurance, has appointed Bob Markese vice president of casualty in its Los Angeles office. Before joining Swett & Crawford, Markese worked with Worldwide...
Mississippi Rebuilds Its Insurance Markets
Nov 16 2008 // Wind Pool Modernization, Better Building Code Enforcement and Carrier Recruitment Efforts Begin to Pay Off Back in January, when Mike Chaney was getting ready to be sworn in as Mississippi insurance commissioner after his...
People
Nov 16 2008 // The Texas Surplus Lines Association Inc. elected new officers and directors at its 52nd annual meeting held Nov. 3, 2008, at the Four Seasons Hotel in Austin. The new officers are: President Paul Rainey, president of RSI...
Valiant Insurance Adds Nienburg, Vita to Casualty Team
Nov 3 2008 // Valiant Insurance Group, Inc. announced two new hires for its Casualty Division. Ted Nienburg is vice president for Casualty and Michael A. Vita is assistant vice president for Excess Casualty. Both will be located in New...
Risk Managers Report Price Softening; Insurers Battle Surplus Decline
Nov 2 2008 // Property Premiums Fall Sharply; P/C Insurers Post Q3 Losses; Some Sell Stock to Raise Cash for Surplus Woes Risk managers report that commercial policy renewal prices are continuing to drop even as insurers are battling a...
Property/Casualty Insurers on Government Rescue Funds: No Thanks
Nov 2 2008 // Following reports that the U.S Treasury is considering adding life, bond and mortgage insurance companies to its list of beneficiaries for some of the $700 billion federal bailout package, property/ casualty insurers are...
16 Chartered Property Casualty Underwriters Conferred in Los Angeles
Oct 28 2008 // Chartered Property Casualty Underwriters Society (CPCU) chapters in the greater Los Angeles area — Los Angeles, El Camino and San Gabriel Valley — recently celebrated 63 years of professional excellence at the...
Zurich Names Whitehead to Head Excess Casualty Unit
Oct 28 2008 // Zurich North America has named Kevin Whitehead to head its Excess Casualty unit. In this role, he will lead Excess Casualty operations across the United States, with oversight for 11 offices. Whitehead brings more than 20...
Travelers, Chubb Protest U.S. Aid for Insurers; Life Insurers Welcome Help
Oct 28 2008 // Property/casualty insurers Travelers Cos. Inc. and Chubb Corp. said they do not need federal financial assistance and chided other insurers pushing to be included in the $700 billion bailout. “Most companies in the...
Loews to Inject $1.25 Billion Into CNA Insurance; CEO to Step Down Early
Oct 27 2008 // The nation’s seventh largest commercial lines insurer, CNA Financial Corp., reported a $331 million net loss for the third quarter chiefly due to catastrophe claims and investment losses and said it will receive...
