Latest Casualty Headlines
All the headlines from our Casualty Topic Page, ordered by recency.
ACE USA Appoints Vincelette Sr. VP, Public Entity at Ace Casualty Risk
May 23 2005 // ACE USA, the U.S.-based retail division of The ACE Group of Cos., announced that Richard Vincelette has been named senior vice president, Public Entity, for ACE Casualty Risk. Based in Philadelphia, Vincelette will be...
CPCU Society Looking at IMSA-Type Body
May 23 2005 // The property/casualty insurance industry’s leading educational society is weighing what role to play in helping the industry restore its image after months of charges about bid-rigging and contingent commissions. A...
75 Years Ago COMMISSIONERS ASK PRODUCTION COSTS: Fire and casualty companies receive questionnaires concerning their pra
May 23 2005 // AGENTS HIT EVASION OF ACTUARIAL RULING: The Kentucky Association of Insurance Agents called attention to the industry’s disregard of charge for automobiles if kept in dwellings. -February 1930, The Insurance...
CPCU Society Looking at IMSA-Type Body
May 23 2005 // The property/casualty insurance industry’s leading educational society is weighing what role to play in helping the industry restore its image after months of charges about bid-rigging and contingent commissions. A...
Best Affirms FSR for United Fire & Casualty; Outlook Stable
May 19 2005 // A.M. Best Co. has affirmed the financial strength rating of A (Excellent) of the property/casualty members of United Fire & Casualty Group (United Fire), which operate under a business pooling agreement. Additionally,...
Atlanta Chartered Property Casualty Underwriters Elect New Officers
May 19 2005 // The Atlanta Chapter of the Chartered Property Casualty Underwriters Society elected and installed its new officers at its monthly luncheon meeting. The new officers for 2005/2006 are: Larry Long, president, Allstate; Phil...
Best Affirms Ratings for American Modern; Assigns Issuer Credit Ratings
May 5 2005 // A.M. Best Co. has affirmed the financial strength rating of A+ (Superior) of Ohio-based American Modern Insurance Group (American Modern) and its property/casualty affiliates. A.M. Best has also affirmed the financial...
Ohio Casualty Reports Q1 Net Income Up 96%
May 2 2005 // Property/casualty insurer Ohio Casualty Corp. reported first-quarter net income of $37.7 million, or 55 cents per diluted share, versus $19.2 million, or 31 cents per diluted share in the first quarter of 2004. The...
Max Re Reports $6.2 Million Q1 Net Income Decrease
May 2 2005 // Bermuda-based Max Re Capital Ltd. reported net income for the three months ended March 31, 2005 of $36.8 million, or $0.74 per diluted share, compared to net income of $43.0 million, or $0.87 per diluted share, for the...
IIAOK to Hold CIC Commercial Casualty Institute
May 2 2005 // The Independent Insurance Agents of Oklahoma will hold its CIC Commercial Casualty Institute May 18-21, 2005, at the Hilton Southern Hills, 7902 South Lewis Avenue, in Tulsa. The institute will present up-to-date...
Volatile Underwriting Cycle is Back with a Vengeance, Advises Economist
Apr 18 2005 // The property/casualty insurance industry’s frequently volatile underwriting cycle is back with a vengeance and will have no mercy this time around, advises a top industry economist. The property/casualty financial...
RLI Posts Earnings Record
Apr 14 2005 // Illinois-based RLI Corp. announced first quarter net earnings of $29.3 million ($1.12 per diluted share), which were 73% better than the $16.9 million ($0.65 per diluted share) reported in the same quarter last...
P/C Industry Says Treasury Study Inadequate Gauge of Terrorism Insurance Market
Apr 11 2005 // Two months before the study is expected to be done, the property casualty insurance industry is getting nervous about a study on terrorism insurance being conducted by the Treasury Department, a study some in Congress are...
What Should be Industry Response to Ethical Lapses?
Apr 4 2005 // CPCU Society Looking at IMSA The property casualty industry’s leading educational society is weighing what role to play in helping the industry restore its image after months of charges about bid rigging and...
Q4 Rescues Hannover Re 2004 Profits from Hurricanes
Mar 30 2005 // Germany’s Hannover Re Group reported 309.1 million euros ($400 million) net after tax income for 2004, down 12.9 percent from 2003’s 354.8 million euros ($459.8 million). The company’s earnings report,...
Ohio Casualty Names Gerard New Senior VP of Investments
Mar 28 2005 // The Ohio Casualty Insurance Co. announced that Paul Gerard has been named senior vice president of investments, effective March 21. Gerard, 45, comes to Ohio Casualty from GE Asset Management and Genworth Financial, where...
ACE Appoints Brosnan as President of Casualty Division
Mar 22 2005 // ACE USA, the U.S.-based retail operating division of The ACE Group of Companies, announced the appointment of David J. Brosnan as president, ACE Casualty Risk. Based in Philadelphia, Brosnan will lead the Casualty Risk...
CPCU Society Looking into IMSA Standards Model for P/C Industry
Mar 21 2005 // Should P/C Industry Response to Ethical Lapses Include a Self-Regulatory Body? The property casualty industry’s leading educational society is weighing what role to play in helping the industry restore its image...
United Fire and Casualty Co. Revised
Mar 21 2005 // S&P revised its outlook on United Fire & Casualty Co., UFCS’s wholly owned property/casualty subsidiaries and UFCS’s life subsidiary to stable from negative. S&P also affirmed its “A”...
Vanguard Fire & Casualty to Meet with Fla. CFO Regarding Hurricane Claims
Mar 3 2005 // On Thursday morning, Florida’s Chief Financial Officer Tom Gallagher held a news conference and expressed his desire to meet “eyeball-to-eyeball” with the heads of insurance companies to discuss open...
