Latest Casualty Headlines
All the headlines from our Casualty Topic Page, ordered by recency.
Ohio Casualty Corporation Announces Preliminary Estimate on Attack Losses
Sep 18 2001 // Fairfield, Ohio-based Ohio Casualty Corporation Friday announced a preliminary estimate of its expected losses resulting from the New York terrorist attack Sept.11. The estimated pre-tax cost of claims is $5 to $7 million,...
A.M. Best Releases 6-Month Property/Casualty Results
Sep 11 2001 // The property/casualty insurance industry saw its worst second-quarter catastrophe losses in history in the period ended June 30, 2001, according to the latest A.M. Best report. Best said that catastrophe losses more than...
Assessing Property/Casualty Insolvency Exposure-2001 to 2002
Sep 10 2001 // There will be no more than 65 property/casualty insurance company insolvencies over the period Jan. 1, 2001, through Dec. 31, 2002, according to Demotech Inc. Demotech Inc., a Columbus, Ohio-based financial analysis and...
Looking Back at the Rise of NAPSLO
Sep 10 2001 // NAPSLO, or the National Association of Professional Surplus Lines Offices, Limited, was organized during the years of 1973, 1974 and 1975. The first meetings were usually held at the same time as the meetings of the...
Ohio Casualty Group Lowered
Aug 6 2001 // A.M. Best Co. lowered the financial strength rating of the Ohio Casualty Group, Fairfield, Ohio, from “A” (Excellent) to “A-” (Excellent). The rating applies to the five pool members led by Ohio...
Lumbermens Mutual Casualty Cos
Aug 6 2001 // Standard & Poor’s has affirmed all outstanding interactive ratings on Lumbermens Mutual Casualty Cos. (the Kemper Insurance Cos., collectively Kemper). The outlook is stable. Kemper occupies a strong business...
The Hartford’s Operating Income Increases 10%
Aug 2 2001 // The Hartford Financial Services Group Inc. reported operating income of $262 million for the second quarter of 2001, a 10-percent increase over the same period in 2000. The increase reflects double-digit earnings growth in...
A.M. Best Co. Lowers Rating of Ohio Casualty Group
Jul 27 2001 // A.M. Best Co. lowered the financial strength rating of the Ohio Casualty Group, Fairfield, Ohio, from “A” (Excellent) to “A-” (Excellent). The rating applies to the five pool members led by Ohio...
Study Says Eight Insurers Command 65 Percent Market Share in Hurricane-Prone States
Jul 23 2001 // A recent study by Palm Beach Gardens, Fla.-based Weiss Ratings Inc. indicated that just eight large property and casualty insurers provide homeowners coverage to residents in hurricane-prone states. Weiss Ratings, a...
Storms Impact Ohio Casualty Profits
Jul 19 2001 // Losses from severe storms will cut into profits for Ohio Casualty Corp. for second-quarter earnings, increasing the loss the car, home and business insurer was slated to report for the quarter. Based in Fairfield, the...
Study Says Eight Insurers Command 65% Market Share in Hurricane-Prone States
Jul 13 2001 // A recent study by Palm Beach Gardens, Fla.-based Weiss Ratings Inc. indicated that just eight large property and casualty insurers provide homeowners coverage to residents in hurricane-prone states. Weiss Ratings, a...
A.M. Best Affirms Nationwide’s FSRs, Assigns Initial Debt Ratings
Jun 26 2001 // A.M. Best Co. affirmed the A+ (Superior) financial strength ratings (FSR) of the primary property/casualty operations of the Nationwide Group, Columbus, Ohio, as well as its affiliated life insurance companies. In...
Ohio Casualty Retools Company
Jun 25 2001 // In a move to jump-start its falling stock and return to the black, Ohio Casualty Corp. has unveiled a major restructuring plan. With the move, the Fairfield-based insurer saw its shares of stock vault 16 percent earlier in...
Eastern Casualty Puts a Moratorium on New Mass. Workers’ Comp. Coverage
Jun 18 2001 // According to a report in The Boston Globe, Marlborough-based Eastern Casualty Insurance Co., Massachusetts’ third largest writer of workers’ compensation coverage, has informed its agents in the state that it...
GuideOne Insurance Sells Tulsa Operations to Home State
Jun 18 2001 // GuideOne Insurance announce that the company signed a definitive agreement, effective Aug. 1, 2001, to sell GuideOne Casualty Insurance Company, the organization’s Tulsa, Okla., operation, to the Home State Insurance...
Ohio Casualty Reorganizes
Jun 12 2001 // Ohio Casualty Corp., the parent company of a collection of auto, home and business insurers, is planning to offer early retirement to more than 300 staff–approximately 10 percent of its workforce. Ohio Casualty is...
Ocean Harbor Casualty Affirmed
Jun 11 2001 // The “BBpi” FSR on Ocean Harbor Casualty Insurance Co. (OHCIC) was affirmed by S&P, which cited the company’s volatile premium revenue and operating performance as major rating factors. Those negative...
Agents Selling Financial Services, Three Texas Agents Discuss Success
Jun 4 2001 // During the last decade, the wall separating the worlds of banking and insurance has crashed down. Banks are buying insurance agencies. Banks are merging with insurance companies. The Independent Insurance Agents of America...
Gomez Study Identifies Consumer Adoption Trends for P/C Insurers
May 21 2001 // The Internet delivery of property and casualty insurance products and services is approaching the mainstream, according to a consumer research study released by Gomez Inc., an Internet quality measurement firm. The study...
A.M. Best Report: Asbestos Claims Surge Set to Dampen Earnings
May 21 2001 // The property/casualty industry may be facing a surge in asbestos claims that could cumulatively cost the industry as much as $65 billion. This new estimate of ultimate asbestos-related losses is nearly two-thirds higher...
