Latest Casualty Headlines
All the headlines from our Casualty Topic Page, ordered by recency.
Foremost Mobilehome Insurance Rates to Increase
Oct 10 2002 // Nevada Insurance Commissioner Alice A. Molasky-Arman has approved a mobile homeowners insurance rate change for the Foremost Insurance Company Grand Rapids, Michigan (“Foremost Insurance”), American Federation...
Allied World Announces Two Executive Appointments
Oct 9 2002 // Bermuda-based Allied World Assurance Company, Ltd (AWAC) announced that Gerald W. Browning has joined the company as a VP, responsible for the Casualty Facultative Reinsurance Department, and that Sylvan D. Richards Jr....
ACE Casualty Risk Part of Environmental Risk Market, Forms New Unit
Oct 7 2002 // ACE Casualty Risk is entering the environmental risk market resulting in the creation of a new unit, ACE Environmental Risk. The new environmental and casualty underwriting unit will offer environmental liability products...
Endurance Announces Two Sr. Executive Appointments
Oct 4 2002 // Bermuda’s Endurance Specialty Insurance Ltd. announced the promotion of David V. Cabral to Executive VP for Excess Casualty and Professional Liability and that Ronald H. Koch has been named a Senior VP for Casualty...
American Casualty Files Rate Increase Request in Nev.
Oct 3 2002 // American Casualty Company of Reading, Pa. recently filed a request for rate increase in Nevada. The increase, if granted, would be placed in effect on policies in the Certified Registered Nurse Anesthetists Professional...
TDI Seeks Bids for Colonial Casualty Receiver
Oct 2 2002 // The Texas Department of Insurance issued a request for bids for a special deputy receiver to handle business related to Dallas-based workers’ compensation carrier Colonial Casualty Insurance Company. Colonial...
Travelers Property Casualty Authorizes $500M Share Repurchase
Sep 26 2002 // Travelers Property Casualty Corp. announced that its Board of Directors authorized the company to spend up to $500 million for the repurchase of its Class A and Class B common stock. The repurchases may be made from time...
Patriot Act Final Rules on Money Laundering Exempt P/C Insurers
Sep 20 2002 // The U.S. Treasury Department’s final rules on implementation of the USA Patriot Act exclude property/casualty insurers from specific sections of the law aimed at detecting terrorists’ money laundering schemes...
ACE Risk Management Forms New Custom Casualty Unit
Sep 4 2002 // ACE Risk Management (ARM), part of ACE USA, has created a new unit, ARM Custom Casualty. The ARM Custom Casualty unit will specialize in general and product liability coverages for insureds with challenging exposures. In...
National Security Fire & Casualty Signs on with Trusted ChoiceSM
Sep 3 2002 // National Security Fire & Casualty, a regional insurance company with operations in 10 Southeastern states, has joined Trusted ChoiceSM—the consumer marketing brand established by the Independent Insurance Agents...
Insurity Renews Licensing Agreement With Georgia Casualty
Aug 29 2002 // Insurity(SM), a ChoicePoint® company, has renewed a licensing agreement with Georgia Casualty and Surety Company for policy administration products and services. Under the agreement, Insurity will convert Georgia...
AcroSoft’s Document Management Software Attracts New Customers
Aug 29 2002 // AcroSoft Corporation of Columbia, S.C. announced two property and casualty companie, Rutgers Casualty Insurance Company and Alliance Mutual Insurance Company, implemented AcroSoft’s document management software...
IIABA Calls on State Securities Regulators to Identify Fraud Perpetrators
Aug 28 2002 // A news release on investment fraud scams issued by a state securities regulator group grossly misidentifies the perpetrators as independent insurance agents, said Independent Insurance Agents & Brokers of America...
Travelers Property Casualty Corp. Spin-Off Completed
Aug 22 2002 // Travelers Property Casualty Corp. announced that Citigroup has completed the spin-off of Travelers Property Casualty by distributing 219,050,000 shares of Travelers class A common stock and 450,050,000 shares of Travelers...
Fitch Report Estimates Billions in Continued Asbestos Costs
Aug 19 2002 // Fitch Ratings released a special report, “Asbestos: Impact on the U.S. Insurance Industry,” describing how future claims will affect property and casualty insurers. The report includes estimates of...
Hartford Fire Outlook Neg
Aug 19 2002 // Standard & Poor’s said the outlook for Hartford Fire Insurance Co. and related property/casualty entities remains negative despite the trend toward improved earnings throughout the remainder of 2002. The...
Travelers Property Casualty Chairman Responds to Inclusion in S&P’s Index
Aug 16 2002 // Travelers Property & Casualty will have its class B shares included in the Standard & Poor’s 500 Index. Travelers Property Casualty Chairman and CEO Robert Lipp, noted “I am very pleased that the hard...
XML Provides the Missing Link for SEMCI
Aug 13 2002 // Agents have faced the problem ever since insurance companies first introduced applications. Each company had its own form, so the agent who wanted to submit the same account to several underwriters had to write the same...
Magsam Joins Vanguard Fire & Casualty
Aug 9 2002 // Florida-based Vanguard Fire & Casualty Company appointed Richard Magsam to the position of controller. He is responsible for the day-to-day operations and financial reporting of the company’s accounting...
Partner Re Reports Record Operating Results
Aug 6 2002 // Bermuda-based PartnerRe Ltd. reported record operating results for the second quarter 2002, and reaffirmed its prior earnings guidance for the full year. PartnerRe President & CEO, Patrick Thiele, commented,...
