Latest Casualty Headlines
All the headlines from our Casualty Topic Page, ordered by recency.
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...
CNA Financial Reports Q2 Net Income of $70M; Reductions in Workforce to Occur
Aug 7 2003 // CNA Financial Corporation reported net income for the second quarter of 2003 of $70 million, or $0.25 per share, as compared with net income of $31 million, or $0.14 per share, for the same period in 2002. Net income for...
Vesta Reports Cat Losses for Second Quarter
Aug 6 2003 // Birmingham, Ala.-based Vesta Insurance Group Inc. reported a net operating loss from continuing operations of $5.4 million, or $(0.16) per share in the second quarter of 2003 compared to a net operating loss from...
Bridgefield Casualty Expands to Arkansas
Aug 5 2003 // Summit Holding Southeast Inc., a specialist in workers’ compensation insurance services, announced that it is expanding the operation of its Bridgefield Casualty Insurance Company subsidiary to Arkansas....
American Forest Casualty Co. Licenses FormsPlus XP for the Internet
Jul 25 2003 // Allen Beggs, president and co-founder of QualCorp, Inc. (www.qualcorp.com) announced that American Forest Casualty Company of Olympia, Wash. will be licensing the Internet version FormsPlus XP for its office. American...
Q1 Numbers an Improvement, But Concerns Stand
Jul 7 2003 // The property/casualty insurance industry reported a statutory rate of return of 8.8 percent in the first quarter of 2003, up from a disappointing 1.0 percent in 2002 and the worst-ever negative 2.4 percent recorded in...
Q1 Numbers an Improvement, But Concerns Stand on the Horizon
Jun 23 2003 // The property/casualty insurance industry reported a statutory rate of return of 8.8 percent in the first quarter of 2003, up from a disappointing 1.0 percent in 2002 and the worst-ever negative 2.4 percent recorded in...
