Latest Casualty Headlines
All the headlines from our Casualty Topic Page, ordered by recency.
Golden Eagle, Colorado Casualty, Take Billing Online
Jan 24 2007 // Golden Eagle Insurance and Colorado Casualty, both members of Liberty Mutual Group, are now providing Online Billing Service Centers to allow customers to make online payments and view their account summaries and payment...
Feb. 12 is ‘Super’ Monday: Super Regional P/C Insurers™ to be Unveiled
Jan 23 2007 // As excitement over the Super Bowl builds, property casualty insurance professionals are anticipating their own “super” day: Monday, February 12. That’s the date when Insurance Journal magazine, in...
Fla. Places Vanguard Fire & Casualty Under State Control
Jan 22 2007 // Maitland, Fla.-based insurance company Vanguard Fire & Casualty Co. agreed to be placed under state control last Friday, following its announcement earlier this month that it wouldn’t continue writing policies...
After Record 2006, P/C Insurers See Promising 2007 Ahead
Jan 15 2007 // Property/casualty insurers should be able to build on the momentum of 2006 to deliver another profitable year in 2007 if they maintain discipline on price, a group of industry observers told insurance executives attending...
P/C Execs Expect Terrorism Insurance Renewal, Win in Katrina Suits
Jan 11 2007 // Leaders of the property/casualty insurance industry expect Congress to extend the Terrorism Risk and Insurance Act in 2007, according to a survey conducted by the Insurance Information Institute (I.I.I.) at its 11th annual...
S&P: CNA Financial Corp. Units Ratings Withdrawn After Mergers
Jan 9 2007 // Standard & Poor’s Ratings Services said it withdrew its ‘A-‘ counterparty credit and financial strength ratings on 13 insurance subsidiaries of CNA Financial Corp. (NYSE:CNA). This action follows the...
Colorado Casualty Celebrates 25 Years, Expands Personal Lines in West
Jan 8 2007 // Colorado Casualty, a member of Liberty Mutual Group, recently hosted a 25th anniversary celebration with 140 employees and more than 100 appointed agents in attendance. The company also announced it would be expanding its...
Consumer Federation: Insurers Increase Profit Levels by Overpricing Policies
Jan 8 2007 // National consumer organizations joined the Consumer Federation of America (CFA) today in Washington D.C. to release a new study concluding that the property/casualty insurance industry (which includes the nation’s...
Reinsurers dropping rates except for wind-prone U.S. properties
Jan 8 2007 // Reinsurance rates for the property casualty industry are falling or flat, except for insurers with major property wind exposure along the Gulf and East Coasts in the U.S., whose rates are still rising. That is one key...
Absence of hurricane losses proves beneficial to insurers’ bottomline
Jan 8 2007 // P/C industry posts $24.4 billion net gain on underwriting in first three quarters of 2006 Driven by a sharp decline in catastrophe losses from hurricanes and other natural disasters in 2006, the U.S. property/casualty...
Absence of hurricane losses proves beneficial to insurers’ bottomline
Jan 7 2007 // News Currents Driven by a sharp decline in catastrophe losses from hurricanes and other natural disasters in 2006, the U.S. property/casualty industry posted a $24.4 billion net gain on underwriting through nine months....
QBE to Acquire Winterthur US from AXA for $1.16 Billion
Jan 5 2007 // In separate announcements, Australia’s QBE Group and France’s AXA SA said they have reached an agreement for QBE to acquire Winterthur’s US operations, principally General Casualty and Unigard, for...
Wis. General Casualty, Unigard Acquired by Australia-based QBE
Jan 5 2007 // Sun Prairie,Wis.-based insurer General Casualty, its U.S. holding company and sister company Unigard Insurance Group in Bellevue, Wash., are being acquired by Australia-based QBE Insurance Group in an agreement with...
Reinsurance Rates Falling or Flat, Except on U.S. Wind Exposures, Willis Reports
Jan 2 2007 // Reinsurance rates for the property casualty industry are falling or flat, except for insurers with major property wind exposure along the Gulf and East Coasts in the U.S., whose rates are still rising. That is one key...
Absence of Hurricane Losses Proves Beneficial to Insurers’ Bottomline
Dec 27 2006 // Driven by a sharp decline in catastrophe losses from hurricanes and other natural disasters in 2006, the U.S. property/casualty industry posted a $24.4 billion net gain on underwriting through nine months. The net gain on...
Florida’s Star Casualty Earns B++ Rating from A.M. Best
Dec 27 2006 // In addition to assigning a ‘stable’ outlook for 2007, A.M. Best Co. awarded Star Casualty Insurance Co. of Coral Gables an initial rating of B++. Star Casualty is a domestic property and casualty company that...
White Mountains Re Completes Mutual Service Casualty Acquisition
Dec 26 2006 // White Mountains Re Group, Ltd., announced from its Bermuda headquarters that its wholly-owned subsidiary, Folksamerica Reinsurance Company, has completed its acquisition of Mutual Service Casualty Insurance Company, a...
2006: a big year for P&C buyers and sellers of all shapes and sizes
Dec 25 2006 // JANUARY Hallmark Aquires Aerospace Holdings Fort Worth, Texas-based Hallmark Financial Services Inc. has completed its acquisition of Aerospace Holdings LLC, which markets general aviation insurance products. Hallmark...
2006: Soft market offers up many new insurance products
Dec 25 2006 // E&O, Professional/Management Liability New P/C Insurance Agents’ E&O Rockwood Programs partnered with certain underwriters at Lloyd’s of London to offer professional liability coverage specifically...
2006 New Markets Report
Dec 24 2006 // E&O, Professional/Management Liability New P/C Insurance Agents’ E&O Rockwood Programs partnered with certain underwriters at Lloyd’s of London to offer professional liability coverage specifically...
