Latest Property Casualty Headlines
All the headlines from our Property Casualty Topic Page, ordered by recency.
Special Report: Top 10 Innovative P/C Insurance Products
Apr 1 2012 // In the past few years, dozens of property/casualty insurers have announced innovative protections for risks involving new technologies, current economic concerns, personal and family relationships, home-based small...
Insurance Claims Firm Cunningham Lindsey Put Up for Sale
Mar 29 2012 // Cunningham Lindsey, an insurance claims management company controlled by buyout firm Stone Point Capital LLC, is up for sale and could fetch more than $1 billion, sources familiar with the situation said. Bank of America...
National Ethics Association Expands E&O Program for Low-Risk P&C Agents
Mar 28 2012 // A new program sponsored by the National Ethics Association provides low-cost E&O insurance to property & casualty insurance agents nationwide. Issued by Everest National Insurance Co. and administered by Marsh U.S....
Paulson Says Hartford’s Plan Is Just ‘A First Step’
Mar 22 2012 // John Paulson, a billionaire hedge fund manager and the largest shareholder of The Hartford Financial Services Group, says the company’s plan to exit most of its life insurance businesses is a good start — but...
Best Puts The Hartford and Subs Ratings Under Review
Mar 22 2012 // A.M. Best Co. has placed under review with developing implications the issuer credit rating (ICR) of “bbb+” and the debt ratings of The Hartford Financial Services Group, Inc., as well as the ICRs of...
Hartford Moving Closer to Its P/C Roots But Not Severing All Life Ties
Mar 21 2012 // The Hartford Financial Services Group Inc., under pressure to boost its stock price from hedge fund manager John Paulson, said it would get rid of most of its life insurance-related operations and focus on being a property...
Ratings Agencies Respond to The Hartford’s Plan to Exit Life Insurance
Mar 21 2012 // In response to Hartford Financial Services Group Inc.’s planned exit from some of its life insurance business, Standard & Poor’s Rating Services said it is downgrading the subsidiaries previously aggregated...
People
Mar 19 2012 // Edgewood Partners Insurance Center, a retail property, casualty and employee benefits insurance brokerage, named Hilton Brown to oversee client claims and advocacy in the company’s California offices in Los Angeles...
Report: Arizona P/C Insurers See Premiums Written Fall, Losses Rise
Mar 19 2012 // A report on Arizona’s property/casualty insurers issued recently shows a drop in written premiums to $7.4 billion, and a large increase in losses incurred to $6.4 billion for 2010. The report, from the Arizona...
Say Something Nice About Florida P/C Insurance
Mar 19 2012 // There is plenty of negativity about the Florida property/casualty insurance market in the press, living rooms, boardrooms and barrooms across the state-and even among many people outside the state with an interest. The...
Low-Cost Online Commercial Lines Quoting Tool for P/C Agents Launched
Mar 19 2012 // The launch of a real-time commercial lines rater that gives agents access to a handful of large carriers was announced recently by a division of Networked Insurance Agents. MyNTrack, a division of Grass Valley,...
Breathing Life into a P/C Agency
Mar 19 2012 // If someone were to hand you a blank check to enhance your bottom line, would you let it sit on your desk and collect dust? Or, would you fill in a number ending with a few zeroes and take some extra cash for doing no extra...
Breathing Life into a P/C Agency
Mar 19 2012 // If someone were to hand you a blank check to enhance your bottom line, would you let it sit on your desk and collect dust? Or, would you fill in a number ending with a few zeroes and take some extra cash for doing no extra...
People
Mar 19 2012 // Florida largest property insurer named a state regulator and former state lawmaker as its interim president. Citizens Property Insurance Corp. announced yesterday that it has hired Tom Grady to take over as president and...
How to Breathe Life into a P/C Agency
Mar 19 2012 // If someone were to hand you a blank check to enhance your bottom line, would you let it sit on your desk and collect dust? Or would you fill in a number ending with a few zeroes and take some extra cash for doing no extra...
Florida’s Citizens CEO Wallace to Join Homeowners Choice
Mar 12 2012 // The man who is leaving his post as chief executive officer of Florida’s state-backed Citizens Property Insurance Corp. is joining one of the state’s private homeowners insurers. Homeowners Choice Inc. announced...
Poms Names Flannery VP of Property/Casualty in Southern California
Mar 12 2012 // Woodland Hills, Calif.-based Poms & Associates Insurance Brokers Inc. named Martin V. Flannery vice president in the property/casualty group in its Woodland Hills office. Prior to joining Poms & Associates,...
Largest Shareholder Presses The Hartford to Decide Soon on Split-Up
Mar 9 2012 // Hedge fund manager John Paulson said Hartford Financial Services Group Inc. could boost its share price by 62 percent if it listened to his advice to break up the insurance provider as early as April. The billionaire,...
Armour Group Forms Specialty Securities Unit
Mar 9 2012 // The Bermuda-based Armour Group announced the formation of a new ILS [Insurance Linked Strategies- more commonly ‘securities’] focused asset manager to “target unique opportunities for uncorrelated returns...
Norman-Spencer Rebranding Its P/C Insurance Products
Mar 6 2012 // The Norman-Spencer Agency, based in Dayton, Ohio, announced it is rebranding all of the agency’s property and casualty products to market them under the Norman-Spencer Agency brand. During the past five years,...
