Latest Casualty Headlines
All the headlines from our Casualty Topic Page, ordered by recency.
Fla. Insurance Industry Preps for Wilma
Oct 19 2005 // Hurricane Wilma, with a barometric pressure of 882 mb, is now the most intense hurricane on record in the Atlantic Basin. After rapid intensification Tuesday night, Wilma is now a potentially catastrophic Category 5...
A.M. Best: P/C Insurers Report Strong Gains for First Half of 2005
Oct 17 2005 // The U.S. property/casualty industry recorded an underwriting profit of $13.2 billion during the first six months of 2005, a substantial gain from the record results posted during the comparable period of 2004, according to...
Oct 17 2005 // Willis Group Holdings has appointed Vincent D. Liotta as executive vice president and production director of the Willis Re U.S. Specialty Practice. Earlier this year Willis Re merged its Global Marine, Aviation, Retro and...
Ohio Casualty Unveils Q3 CAT Losses
Oct 13 2005 // Ohio Casualty Corporation announced that it estimates total net catastrophe losses for third quarter 2005 to be approximately $11.6 million after-tax. Approximately $9.8 million of the estimated catastrophe losses are...
New Tax Law Eases Loss Limitations for Katrina Victims
Oct 11 2005 // The Internal Revenue Service is advising taxpayers who suffered casualty or theft losses as a result of Hurricane Katrina about a recent change to the tax law. A new provision lifts certain loss limitations for Hurricane...
AIG Excess Casualty to Offer Coverage for Risks Insured with Insolvent Carriers
Oct 10 2005 // AIG Excess Casualty, a division of American Home Assurance Company, a member company of American International Group Inc., introduced xsInResponse, a new product that provides excess liability coverage for risks previously...
Large Manufacturing Commercial Property
Oct 3 2005 // Nuts & Bolts: General Casualty Ins. Cos. enhanced their commercial coverages and capacity becoming a market for additional manufacturing lines of business. The Sun Prairie, Wis.-based property and casualty insurer is...
People
Oct 3 2005 // Westfield Insurance has named Robert Testa executive, personal lines sales. In this capacity, he oversees employees in five states responsible for new personal lines business. Testa began his career at Westfield in 1991...
S&P Analyzes Earthquake Threat for Japan’s Property/Casualty Companies
Sep 12 2005 // “The one-two punch of insurance payouts and share price losses following a major earthquake in Tokyo would not immediately jeopardize insurance companies’ ability to pay claims, but could have a negative impact...
Insurers Post Special Toll-Free Numbers to Help Katrina Victims
Sep 5 2005 // At press time, forecasters were predicting insured losses from Hurricane Katrina–which made landfall 45 miles west of Biloxi, Miss., and 35 miles east of New Orleans on Aug. 29–would be in the $10 billion to...
People
Sep 5 2005 // AVRECO, a wholesale insurance brokerage based in Chicago, has announced the appointment of Marcia Gloppe as an underwriter in the professional liability underwriting department, headed by Linda Deiss. Gloppe began her...
People
Sep 5 2005 // Ronald L. Alexander has been named president and managing partner of Willis Group Holdings Ltd.’s Tennessee operations in Knoxville, Tenn. Alexander was formerly executive vice president and chief operating officer...
Insurers Post Special Toll-Free Numbers to Help Katrina Victims
Sep 5 2005 // At press time, forecasters were predicting insured losses from Hurricane Katrina-which made landfall 45 miles west of Biloxi, Miss., and 35 miles east of New Orleans on Aug. 29-would be in the $10 billion to $30 billion...
Sep 5 2005 // Linda Slaughter has been promoted from senior vice president of claims to COO at Concord, Calif.-based Athens Administrators, part of the Jenkins Athens Group. Slaughter joined Athens in its founding days and has been with...
Sep 5 2005 // Barbara Zimmerman has joined IBA West as membership benefits vice president. She will be responsible for the research, development and management of IBA West Service Corporation programs and management of Membership...
Casualty Loss Reserve Seminar Set for Boston Sept. 11-13
Aug 30 2005 // A general session focused on effective actuarial communications and the professional responsibility of the corporate reserving actuary headlines the program of the 2005 Casualty Loss Reserve Seminar, to be held Sept. 11-13...
AWAC Promotes D’Orazio to Senior VP, Global Mgr. – General Casualty Division
Aug 29 2005 // Bermuda-based Allied World Assurance Company, Ltd. (AWAC) announced that Frank N. D’Orazio has been named senior vice president and global manager of its General Casualty division. He is charged with setting and...
Insurers Post Special Toll-Free Numbers to Help Katrina Victims as Storm Moves North
Aug 29 2005 // Policyholders with questions regarding their coverage for damage caused by Hurricane Katrina should contact their insurance agent or company representative. To assist consumers, special toll-free numbers have been set up...
ACE USA Makes Appointments in New York, Philly Offices
Aug 26 2005 // ACE USA, the U.S.-based retail operating division of The ACE Group of Companies, announced two appointments in its ACE Casualty Risk Unit. William Hazelton joins ACE USA as senior vice president and underwriting manager...
General Casualty to Pay $5 Million in Wisc. Tornado Claims
Aug 26 2005 // General Casualty Cos. said today it expects to pay out about $5 million in losses on the nearly 60 claims that have been filed as a result of tornados last Thursday in southeastern Wisconsin. More than 30 of the claims are...
