Latest Casualty Headlines
All the headlines from our Casualty Topic Page, ordered by recency.
Conning Says P/C Reserve Position Grows in 2003
Jan 4 2005 // Reserve deficiencies, which have plagued property/casualty insurers in recent years, improved dramatically in 2003, according to a new study by Conning Research & Consulting. The Conning Research study,...
North Pointe Taking Over 60,000 American Superior Policies
Jan 3 2005 // North Pointe Casualty Insurance Company has agreed to offer replacement homeowners’ coverage to 60,000 Florida policyholders previously covered by American Superior Insurance Company, according to Tom Gallagher,...
Focus on the Future: Come 2014, Industry Should Look Very Familiar
Jan 3 2005 // Ten years from now, some of the players within the property/casualty insurance industry will have changed but the industry itself will not look dramatically different from what it is today: Smaller companies and...
2005 P/C industry in a word: Resilience
Jan 2 2005 // The property/casualty insurance industry reported a statutory rate of return on average surplus of 9.5 percent through the first nine months of 2005, marginally below the 10.5 percent average return recorded during...
Toland Joins Westrope’s Calif. Office as Casualty Broker
Dec 22 2004 // Twelve-year-old Kansas City, Mo.-based wholesaler Westrope announced the addition of Scott Toland as a casualty broker in its Irvine, Calif., office. Toland comes to Westrope from the AIG Cos., where he provided...
Saunders to Head Navigators Excess Casualty Unit
Dec 22 2004 // Navigators Management Company, a subsidiary of The Navigators Group, Inc., announced the formation of a new unit to expand its excess casualty business, specializing in commercial excess and umbrella liability...
Fitch Affirms Ohio Casualty’s Financial Strength and Debt Ratings; Outlook Stable
Dec 22 2004 // Fitch Ratings has affirmed the “A-” insurer financial strength ratings of Ohio Casualty Group’s intercompany pool members as the parent company’s “BBB-” long-term issuer rating and...
Wis. Appeals Court: Judge Erred in General Casualty Auto Liability Limits Ruling
Dec 22 2004 // WAUSAU, Wis.—A Brown County judge erred in ruling that a car insurance policy must provide $1 million in coverage following a deadly crash involving a 16-year-old driver, a state appeals court ruled recently. The policy...
P/C INSURERS POSITIONED TO WEATHER HURRICANE LOSSES:
Dec 20 2004 // Even with the nearly $21 billion of hurricane-related losses expected to be reflected in the third and fourth quarter results, the nation’s property/casualty insurers are well-capitalized and safely positioned to...
North Pointe to Cover 60,000 American Superior Fla. Policyholders in Wake of Company’s Collapse
Dec 15 2004 // North Pointe Casualty Insurance Company has agreed to offer replacement homeowners’ coverage to 60,000 Florida policyholders of American Superior Insurance Company according to Tom Gallagher, Florida’s Chief...
Carolina Casualty Insurance President to Retire in 2005
Dec 8 2004 // W. R. Berkley Corporation (NYSE:BER) announced that Armin W. Blumberg, president of Jacksonville, Fla.-based Carolina Casualty Insurance Company (Carolina) since 1997 and an employee of the W. R. Berkley Corporation group...
FOCUS ON THE FUTURE: Come 2014, Industry Should Look Very Familiar
Dec 6 2004 // Ten years from now, some of the players within the property casualty insurance industry will have changed but the industry itself will not look dramatically different from what it is today: Smaller companies and...
Focus on the Future: Come 2014, Industry Should Look Very Familiar
Nov 22 2004 // PCI Execs Contend Current Players Will Adapt to Maintain Advantages Ten years from now, some of the players within the property/casualty insurance industry will have changed but the industry itself will not look...
CNA Financial Corp., Subs Have Ratings Affirmed
Nov 19 2004 // Standard & Poor’s Ratings Services has affirmed its ‘BBB-‘ counterparty credit rating on CNA Financial Corp. (NYSE:CNA) and its ‘A-‘ counterparty credit and financial strength ratings on...
ACE USA Names Germano Senior VP for Excess Casualty and Custom Casualty
Nov 10 2004 // ACE USA, the U.S.-based retail operating division of The ACE Group of Companies, announced the appointment of Connie Germano as senior vice president to lead the Excess Casualty and Custom Casualty businesses. Germano will...
ASCnet Conferees Hear How to Manage a Profitable Business
Nov 8 2004 // The latest technologies to allow independent agents and brokers to efficiently manage and ensure a profitable business were presented to more than 1,800 conferees attending the Applied Systems Client Network’s...
S&P Revises Overall Property/Casualty Outlook to Negative
Nov 8 2004 // Standard & Poor’s Ratings Services has revised its outlook on the U.S. property/casualty commercial lines sector to negative from stable. “The outlook revision follows allegations of widespread misconduct...
ASCnet Conferees Hear How to Manage a Profitable Business
Nov 8 2004 // The latest technologies that allow independent agents and brokers to efficiently manage and ensure a profitable business were presented to more than 1,800 conferees attending the Annual Technology, Education and Networking...
ACE Ltd. Notes Business Changes; Removes Pair of Employees
Nov 4 2004 // ACE Ltd. (NYSE:ACE) announced that it will take several new steps to monitor and improve its compliance with best underwriting practices, and avoid real or any appearance of conflicts of interest. — The company has...
Guy Carpenter Names Carrington to Lead U.K. Casualty Specialty Practice
Nov 3 2004 // Guy Carpenter & Company, Inc., the global risk and reinsurance specialist of the Marsh & McLennan Companies, announced the appointment of George Carrington as Senior Vice President in Guy Carpenter’s U.K....
