Latest Casualty Headlines
All the headlines from our Casualty Topic Page, ordered by recency.
Standard and Poor’s Lowers Sterling Casualty Ratings to ‘BBpi’
Jun 19 2002 // Standard & Poor’s has lowered its counter party credit and financial strength ratings on California-based Sterling Casualty Insurance Co. to double-‘Bpi’ from triple-‘Bpi’ because of the...
ACE USA Names Gregory President of ACE Casualty Risk
May 31 2002 // ACE USA appointed Geoffrey G. Gregory to president, ACE Casualty Risk. Gregory has responsibility for the creation of a new casualty umbrella unit within ACE USA. ACE Casualty Risk will provide up to $25M in...
Standard and Poor Places Travelers’ Gulf Cos. on Negative Watch
May 30 2002 // Standard & Poor’s affirmed its single-‘A’-minus counterparty credit and senior debt ratings on Travelers Property Casualty Corp. (Travelers) and its double-‘A’-minus counterparty credit...
Ohio Casualty Files Registration Statement on Outstanding Convertible Notes
May 22 2002 // Ohio Casualty Corporation filed with the Securities and Exchange Commission a Registration Statement on Form S-3 registering its currently outstanding 5.00 percent Convertible Notes and the common shares issuable upon...
Standard and Poor’s: U.S. P/C Insurance Rates to Continue Increase on Renewals
May 17 2002 // While the events of Sept. 11 accelerated the increase in U.S. commercial real estate insurance premiums, property and casualty insurance costs had already begun rising in 2000, independent of terrorism-coverage costs,...
Travelers Property Casualty Chooses New Board Members
May 13 2002 // Frank J. Tasco, Leslie B. Disharoon and Kenneth J. Bialkin have joined the Travelers Property Casualty Board of Directors. The new directors have agreed to serve until Citigroup completes its previously announced tax-free...
XML Provides the Missing Link for SEMCI
May 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...
XML Provides the Missing Link for SEMCI
May 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...
Ohio Casualty Elects New Directors
Apr 22 2002 // Property and casualty insurance holding company, Ohio Casualty Corporation, headquartered in Fairfield, Ohio, elected Philip G. Heasley, Ralph S. Michael III and Jan H. Suwinski to the corporation’s board of...
S&P Hands National Auto & Casualty Insurance Co. ‘R’ Rating
Mar 28 2002 // Standard & Poor’s has assigned its ‘R’ financial strength rating to National Automobile & Casualty Insurance Co. after learning that California Insurance Commissioner Harry W. Low put the...
CDI Commissioner Conserves National Automobile & Casualty Company
Mar 18 2002 // California Insurance Commissioner Harry Low has conserved National Automobile & Casualty Insurance Company as a result of its insolvency. Domiciled in California and headquartered in Pasadena, the company is a wholly...
Agencies Chosen as General Casualty Premier Partners
Mar 15 2002 // Wisconsin-based General Casualty Insurance Companies recently chose 92 insurance agencies to become part of its elite group of top-performing independent agencies known as Premier Partners. Qualification is based on an...
Ohio Casualty Proposes Private Offering of Convertible Notes
Mar 14 2002 // Ohio Casualty Corporation announced it is seeking to raise, subject to market and other conditions, $125 million through a private offering of convertible notes. The offering by the Fairfield, Ohio company will be made...
Aon Names Turner, President, P/C for Combined Specialty Corp.
Feb 26 2002 // Aon Corporation has named F. Marshall Turner, President — Property & Casualty, Combined Specialty Corporation. “We’re very happy to have Marshall join Combined Specialty Corporation as a member of...
The Ocean Marine Market: A Unique Animal
Feb 25 2002 // Like life itself, insurance began in the ocean, eventually spawning the various land-based descendants we’ve come to know. While those terrestrial variants-auto, homeowners, commercial liability, among others-now...
S&P Assigns Delta Casualty Co. ‘R’
Feb 25 2002 // S&P assigned its “R” financial strength rating to Delta Casualty Co. (Delta Casualty). On Dec. 4, 2001, the Cook County Circuit Court in Illinois issued an order of liquidation upon finding that Delta...
The Ocean Marine Market: A Unique Animal
Feb 25 2002 // Like life itself, insurance began in the ocean, eventually spawning like the varius land-based descendents we’ve come to know. While those terrestrial variants-auto, homeowners, commercial liability, among others-now...
Ohio Casualty Insurance, Summit Insurance Join Trusted Choice
Feb 11 2002 // The Ohio Casualty Insurance Company and Summit Insurance Company (Rhode Island) are the newest partners in the Independent Insurance Agents of America’s (IIAA) Trusted ChoiceSM branding initiative, which is set to...
Ohio Suspends Highlands Insurance Group’s Authority
Feb 6 2002 // Ohio Department of Insurance Director Lee Covington suspended the authority to transact business of five Ohio licensed companies of Highlands Insurance Group on Jan. 30, after determining that further business transactions...
Top Flight to Take Republic Casualty
Jan 28 2002 // Top Flight Insurance Co. of Norman, Okla., is slated to acquire the nonstandard auto book of business from Oklahoma City-based Republic Casualty Insurance Co., which has been in receivership since Dec. 2000. According to...
