Latest Casualty Headlines
All the headlines from our Casualty Topic Page, ordered by recency.
Commentary on First Half 2003 Results
Oct 20 2003 // The property/casualty insurance industry reported a statutory rate of return of 9.7 percent in the first half of 2003, up from a disappointing 1.0 percent in 2002 and the worst-ever negative 2.4 percent recorded in 2001....
Is Late Notice Ever a Defense in Texas’
Oct 20 2003 // The notice condition in general liability policies requires that the insured provide the insurer with timely notice of any potential occurrence and the receipt of suit papers. Failure to give proper notice of either of...
XL Re Appoints Dieter Kohl Sr. VP, European Casualty Manager
Oct 17 2003 // Bermuda’s XL Re Ltd. announced that Mr. Dieter Kohl has been appointed to the new position of Senior Vice President and continental European Casualty Manager. He will be based in London, reporting to David J. Watson,...
ACE Casualty Risk Unveils ACE TankSafe for Web-Based Underwriting of Underground Storage Tank Policies
Oct 15 2003 // ACE Casualty Risk, a division of ACE USA, announced the launch of ACE TankSafe(SM), a web-based underwriting facility that enables contracted brokers to conduct automated underwriting transactions from submission to...
General Fire & Casualty Unveils New ‘CattleGuard’ Program
Oct 15 2003 // General Fire & Casualty Company (www.genfireins.com) announced the launching of its new livestock insurance product, The CattleGuard. The policy is available, subject to underwriting, in the following states: Arizona,...
Travelers Property Casualty Unveils ‘Hidden Hazards’ Fire Safety Education Program
Oct 6 2003 // Travelers Property Casualty Corp. will sponsor a public television documentary on fire safety, which will premiere in November on Connecticut Public Television and be available to other stations across the country next...
Safeco Sells Life & Investments to Focus on P/C Insurance
Sep 30 2003 // Aiming to be one of the top-performing companies in its sector, Safeco unveiled a new corporate structure with a clear focus on delivering Property & Casualty insurance products. As a result, Safeco intends to sell...
Ohio Casualty Estimates $9 Million Isabel Loss
Sep 26 2003 // Insurer Ohio Casualty Corp. announced that third quarter earnings will be impacted by net catastrophe losses estimated at $16 million before tax which were incurred during the period July 1 through Sept. 24. About $9...
Travelers Unchanged
Sep 22 2003 // A.M. Best Co. commented that the financial strength ratings of “A++” (superior) of Travelers Property Casualty Pool, the “aa-” senior debt and “a+” subordinated debt ratings of Travelers...
Ohio Casualty Receives Applied Systems Awards
Sep 17 2003 // Ohio Casualty Group (OCG), based in Fairfield, received the 2003 Interface Best Practices Award from Applied Systems Inc. OCG was among 15 insurance carriers to be formally recognized at the September Applied Systems...
How do you Spell Relief’ Surplus Lines
Sep 8 2003 // Premium growth continues unabated for surplus line carriers, the insurance industry’s relief pitchers. They find themselves the beneficiaries of a standard marketplace still skittish about placing risks in lines...
How Do You Spell Relief’ Surplus Lines
Sep 8 2003 // Premium growth continues unabated for surplus line carriers, the insurance industry’s relief pitchers. They find themselves the beneficiaries of a standard marketplace still skittish about placing risks in lines...
Ohio Casualty Appoints New Director to its Board
Aug 25 2003 // Fairfield, Ohio-based insurer Ohio Casualty Corp. has appointed Myra C. Selby a member of its board of directors. Selby, 48, is a partner in the business section of IceMiller, Legal and Business Advisors in Indianapolis,...
Allmerica Names Frederick Eppinger New CEO
Aug 20 2003 // Allmerica Financial Corporation announced that it has named Frederick Eppinger, 44, President, Chief Executive Officer and Director, effective September 8. He will succeed John O’Brien, who resigned in the fall of...
Production, Service & Employee Satisfaction Drive Higginbotham to the Top
Aug 18 2003 // Fort Worth-based Higginbotham & Associates began as a small personal lines agency in 1948 representing Trinity Universal Insurance Company and SAFECO. Today it is one of the largest independent agencies in North...
Endurance Excess Casualty Hires Shannon Totten, Cotina Forth-Albuoy
Aug 12 2003 // Bermuda-based Endurance Specialty Holdings Ltd. announced that its Bermuda subsidiary, Endurance Specialty Insurance Ltd., has hired two key leaders in excess casualty: Shannon Totten and Cotina Forth-Albuoy. The...
Fitch Downgrades CNA, Best Stands Still
Aug 8 2003 // A $308 million after-tax charge taken by Chicago-based carrier CAN Financial Corp.’s primary insurance subsidiaries have led to a downgrade by Fitch Ratings, while A.M. Best says its ratings had already taken into...
Ohio Casualty’s Earnings Down $2.1 Million From Year Ago
Aug 8 2003 // Fairfield, Ohio-based carrier Ohio Casualty Corp. announced second-quarter net income of $11 million, or 18 cents per diluted share, down from a year ago’s $13.1 million, or 21 cents per diluted share. The company...
EMC Reports Q2 Results
Aug 8 2003 // Des Moines, Iowa-based carrier EMC Insurance Group Inc. operating income of 9 cents per share for the second quarter ended June 30, 2003 compared to operating income of 45 cents per share for the second quarter of 2002....
The Hartford Reports Q2 Net Income of $507M
Aug 7 2003 // The Hartford Financial Services Group, Inc. reported net income per diluted share of $1.88 for the second quarter of 2003, up sharply from $0.74 per diluted share in the second quarter of 2002. Net income nearly tripled to...
