Latest Property Casualty Headlines
All the headlines from our Property Casualty Topic Page, ordered by recency.
January P/C Reinsurance Renewals Flat or Up Slightly: Towers Watson
Jan 25 2012 // January 1 renewal rates for U.S. property/casualty reinsurance premiums showed firming with changes from -5 percent to +5 percent on an overall basis, with loss-affected property catastrophe business up considerably...
Workers’ Compensation Turn a Profit? Fahgettaboudit!
Jan 23 2012 // Workers’ compensation carriers with visions of profits over the next few years are dreaming. It ain’t goin’ to happen, according to insurance analysts at Standard & Poors Ratings Services. “All...
Harris Joins XL Group from Chartis as Chief Executive-International P&C
Jan 23 2012 // The insurance segment of XL Group plc announced the appointment of Jason Harris as Chief Executive of its International P&C Insurance business. He will be based in London and report to Greg Hendrick, CEO of XL’s...
Conning: P/C Premiums to Grow 3-4% in 2012
Jan 23 2012 // Property/casualty insurers are facing a difficult environment in 2012, according to a forecast from analysts at a Hartford insurance consulting firm. The difficult environment will include volatility in the economy, the...
I.I.I.: P/C Executives Expect Improved Profitability in 2012
Jan 23 2012 // Most P/C insurance executives believe the worst of the financial crisis is over and that the industry is now in the early stages of a hard market, according to a survey from the Insurance Information Institute. The I.I.I....
P/C Insurers Added No Jobs, Agencies Added 1500, Latest Data Show
Jan 23 2012 // Earlier this month, the U.S. Labor Department published its November 2011 data on detailed insurance industry employment figures. These latest figures show that in November, employment at insurance carriers rose overall,...
I.I.I.’s P/C Joint Industry Forum
Jan 23 2012 // Insurance industry conferences are usually serious and dry affairs. And they are probably even more so in the current environment where insurers have been grappling with huge catastrophe losses. But Dr. Robert Hartwig,...
A Tale of Two P/C Insurance Segments From A.M. Best
Jan 23 2012 // A.M. Best Co. issued a stable 2012 outlook for P/C personal lines segment. That implies that the majority of 2012 rating actions for this segment are likely to be affirmations, with a fairly balanced distribution of...
5 Strategies for P/C Insurers for 2012
Jan 23 2012 // The economic uncertainty that plagues buyers of insurance does not bode well for the property/casualty insurance industry, experts are warning. Ernst & Young, the global tax and business advisory firm, said it expects...
Despite Heavy Catastrophe Losses, Top 25 P/C Insurers Report Premium Growth, Net Income Through Third-Quarter 2011
Jan 23 2012 // Amid the continued difficult economic conditions, a heightened frequency of catastrophic events in 2011 has resulted in nearly $40 billion of losses to insurers. The losses associated with these catastrophes have been...
Ground Shifting for Medical Liability Insurers: Moody’s
Jan 23 2012 // Although it comprises just over 2 percent of annual direct premiums for the U.S. property and casualty insurance industry, the medical professional liability (MPL) insurance business is integral to the U.S. healthcare...
Texas-Based CAA Sees Nearly 20% Premium Growth in Q3 2011
Jan 20 2012 // Combined Agents of America LLC (CAA), headquartered in Austin, Texas, reported 19.5 percent growth in written property/casualty premiums in the third quarter of 2011, compared with the same period in 2010. CAA, whose 47...
Western Insurance Forms On Point Risk Solutions in Southern California
Jan 19 2012 // San Diego, Calif.-based Western Insurance Holdings Inc., a property/casualty holding company, has formed On Point Risk Solutions. On Point Risk Solutions, also in San Diego, provides an array of property/casualty services...
Oklahoma’s GHS Property and Casualty Insurance Co. Ratings Downgraded
Jan 19 2012 // A.M. Best Co. has downgraded the financial strength rating to B++ (Good) from A- (Excellent) and issuer credit rating to “bbb+” from “a-” of GHS Property and Casualty Insurance Co. (GHS), located in...
P/C Insurance Industry Enlisting Veterans in Talent War
Jan 17 2012 // The property/casualty insurance industry is calling on the military for help in the talent war. Through special units, concerted outreach, mentoring programs, job fairs and partnerships with veterans organizations,...
P/C CEOs Look Back on the Financial Storm That Was 2011
Jan 17 2012 // A panel of CEOs at a recent industry forum looked back and shared their thoughts on 2011, the year of record-high catastrophe loss for many carriers. Ohio Mutual Insurance Group CEO James Kennedy said that small- and...
P/C CEOs Say Low Interest Rates Push Need for Stringent Underwriting
Jan 17 2012 // The low interest-rate environment and poor investment income are pushing the need for more stringent underwriting for carriers, according to a panel of experts at a recent industry forum. Property/casualty insurers get...
2012 Off to Bad Weather Start for P/C Insurers
Jan 13 2012 // A tree lays in a yard after a possible tornado roared through Icard, N.C,. on Wednesday, Jan. 11, 2012.Damaging hailstorms in Australia. Unprecedented tornadoes in the southeastern United States. Constant windstorms in...
I.I.I. Survey: P/C Executives Expect Improved Profitability in 2012
Jan 11 2012 // Most property/casualty insurance executives believe the worst of the financial crisis is over and that the industry is now in the early stages of a hard market, according to a survey from the Insurance Information...
Endurance Promotes Boland to Senior VP in New York Office
Jan 10 2012 // Endurance Specialty Holdings promoted Mark Boland to the position of senior vice president, primary casualty insurance. In his new role, Boland will lead Endurance’s U.S. wholesale primary casualty insurance...
