Latest Property Casualty Headlines
All the headlines from our Property Casualty Topic Page, ordered by recency.
EU Insurers Still Coming to Terms with Solvency II as Start Date Nears
Jun 8 2012 // “Over the next 18 months it’s estimated that Ireland will spend 100 million euros (app. $125 million) on preparations for Solvency II (SII),” said Garvan O’Neill, a partner in...
Workers’ Comp Market Injured But Still Standing
Jun 8 2012 // Like the economy, the workers’ compensation market has suffered in recent years. Results for 2011 were no better than 2010. The good news: results for the workers’ comp market were not worse either. The...
Gomez to Head Lockton Mexico P&C, Surety Operations
Jun 6 2012 // Lockton announced that Ana Luisa Gomez has joined the company as Managing Director and CEO of Lockton Mexico Agente de Seguros y Fianzas, for all property and casualty and surety business lines. Gomez has 20 years of...
Towers Watson Launches Network for Chief Risk Officers in North America
Jun 5 2012 // Towers Watson, a global professional services company, has launched the Chief Risk Officer (CRO) Network, a knowledge-sharing network dedicated exclusively to senior risk officers of life, health and property &...
Best Affirms State Farm Mutual, Affiliates & Subs Ratings
Jun 4 2012 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A++’ (Superior) and issuer credit ratings (ICR) of “aa+” of State Farm Mutual Automobile Insurance Company (SFMAIC) and its...
Paulson to Step Back From His Activist Role at The Hartford
Jun 4 2012 // John Paulson, the hedge fund manager who has been pressuring The Harford to break itself apart to maximize shareholder value, is apparently satisfied with the insurer’s restructuring effort. Paulson’s hedge...
Near National Property/Casualty Carriers Identified for 2012
Jun 4 2012 // The Demotech Company Classification System categorizes insurers into one of 11 categories based on an analysis of data reported by the companies to the National Association of Insurance Commissioners. The 11 categories...
Business Moves – South Central
Jun 4 2012 // BenefitSpecialists, Higginbotham Insurance Group Higginbotham Insurance Group and BenefitSpecialists announced the merger of their operations in Houston. BenefitSpecialists, an employee benefits broker in Houston, will...
Future Vision: Will Driving Become Too Safe to Insure?
Jun 4 2012 // What would happen to the auto insurance industry if automobile safety improves to the point that vehicle collisions become relics of the past? That’s the question explored by global consulting and research firm,...
Part Two: Is General Ledger Accounting Adequate for P/C Insurance Premium Transactions?
Jun 4 2012 // This is the second article in a two-part series on general ledger accounting. Part one can be viewed online. Only a few years ago, general ledger (GL) accounting was considered adequate by the industry consultants and...
What Do Millennials Want?
Jun 4 2012 // Flexibility, Balance, Respect and Accessibility Are Important, Studies Find There’s a lot of talk in property/casualty insurance circles these days about how the industry is going to replace the huge wave of baby...
Poms & Associates Adds Three in Southern California
Jun 1 2012 // Los Angeles, Calif.-based Poms & Associates Insurance Brokers Inc. named Chris Poveromo branch manager and senior vice president of property/casualty. Additionally, the firm named Mark Ulrich senior Vice president of...
Hurry, Don’t Miss Out: Submit Today for Top 100 Independent Agency Recognition
May 31 2012 // Once again, Insurance Journal is on the search for leading privately-held property casualty independent agencies and brokerages for its annual Top 100 Property/Casualty Independent Insurance Agencies report. Top Overall...
Consultant Burand Launches Agency E&O Blog on InsuranceJournal.com
May 30 2012 // Insurance agency consultant Chris Burand is launching a new blog on insurance agency errors and omissions (E&O) issues on InsuranceJournal.com In Burand’s Agency E&O Blog, the consultant will share E&O...
General Ledger Accounting for P/C Agencies
May 23 2012 // In current practice insurance premium accounting is based on general ledger (GL) accounting. It is used by all agency management software applications: AMS, Applied Systems, etc., just to name a few. Developed more than...
How High-Tech Use by Young Agents Is Changing the Way the Insurance Industry Operates
May 23 2012 // San Diego, CA, 05/23/12 – Tech-savvy young independent insurance agents are changing how the property/casualty insurance industry operates, a new survey reveals. Jason D. Cass, owner of the JDC Insurance Group based...
The Health Workers’ Compensation
May 21 2012 // Injured But Still Standing Like the economy, the workers’ compensation market has suffered in recent years. Results for 2011 were no better than 2010. The good news: results for the market were not worse either. The...
Staying Positive: Premium Growth Levels Not Seen Since 2006
May 21 2012 // Property/Casualty Direct Premium Growth – Year-End 2011 Versus Year-End 2010 Despite the economic uncertainties, for the year ending Dec. 31, 2011, property/casualty insurance companies in total increased direct...
Business Moves – Midwest
May 21 2012 // Neace Lukens, Matrix Benefits Neace Lukens has completed its acquisition of Matrix Benefits and Consulting Group, a Ft. Wayne, Ind.-based consulting firm. Matrix employees will report to the Neace Lukens Indianapolis...
Selective Insurance Announces 7 Officer Appointments
May 16 2012 // Selective Insurance Group today announced the following appointments by its subsidiary, Selective Insurance Company of America: Sarita Chakravarthi (Chesire, Conn.) to senior vice president, tax and assistant treasurer....
