Latest Property Casualty Headlines
All the headlines from our Property Casualty Topic Page, ordered by recency.
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...
5 Strategies for P/C Insurers for 2012
Jan 10 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...
People
Jan 9 2012 // Starr Companies appointed Ed Navarro as head of international insurance operations. Navarro will drive Starr’s expansion for areas outside of the U.S. He’s been serving as global head of accident and health...
Wishing You a Happy New Year
Jan 9 2012 // The year 2011 is now behind us — and what a year it was for the P/C insurance industry. There were many headlines. But it will be remembered mostly for record-high catastrophe losses. In May, we saw a tornado that ripped...
Insurance Veterans’ Forecasts for 2012
Jan 5 2012 // Now that the year 2011 is behind us, let’s take a look at what might be ahead. Insurance Journal spoke with leading industry professionals and asked them what they are expecting this year. If their forecasts are any...
Western Insurance Agents Roundtable Discussion Highlights
Jan 5 2012 // Rancho Cordova, Calif.-based WIAA Education & Research Foundation, a nonprofit corporation focused on advancing knowledge of insurance industry professionals, hosted a recent roundtable discussion on the industry and...
Ground Shifting for Medical Liability Insurers: Moody’s
Jan 3 2012 // Although it comprises just over two 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...
Catastrophes Erode P/C Insurers’ Results for 9 Months of 2011
Dec 27 2011 // Private U.S. property/casualty insurers’ net losses on underwriting grew to $34.9 billion in nine-months 2011 from $6.3 billion in nine-months 2010. The combined ratio deteriorated to 109.9 percent for nine-months...
Fact or Fiction? Insurance Tidbits of Known and Little-Known Information
Dec 16 2011 // Have you ever wondered how modern-day fire departments began? Or why agents buy E&O coverage? What about when the first business owners policy launched? These are just a few questions that Insurance Journal and Claims...
Agency Pro-tection
Dec 16 2011 // E&O and Agency Assets Agency owners have a lot to protect. Of course, first and foremost they must protect their clients. But they must also protect their book of business. They must protect their relationships. They...
P/C Insurance Isn’t Innovative? Don’t Believe It
Dec 16 2011 // There’s more innovation in property/casualty insurance than people think. A new Swiss Re report explores why the industry is not known for its innovation and concludes it’s because much of the innovation is...
