Latest Property Casualty Headlines
All the headlines from our Property Casualty Topic Page, ordered by recency.
Parker Named to Head P/C Specialty at Aon’s Global Brokerage Center
Dec 5 2011 // Aon Risk Solutions, the risk management business of Aon Corp, announced the appointment of Mark R. Parker to the position of Director in Aon’s London Global Broking Center’s, International Property and Casualty...
Aon Benfield Reports China Reinsurance Premiums up 70% since 2005
Dec 5 2011 // Aon Benfield, the global reinsurance intermediary and capital advisor of Aon Corp., has launched its China Property & Casualty Insurance and Reinsurance Market Report, which,” it said “reveals the...
P/C Insurers’ Q3 Earnings Declined 70% From One Year Ago: Moody’s
Dec 5 2011 // Property/casualty insurance companies saw their income plummeting significantly in the latest earnings season. Moody’s Investors Service says a group of 23 publicly traded P/C insurers it rates had a whopping 70...
Leading By Creating
Dec 5 2011 // Top 100 Agency Profile Agency Name: Confie Seguros, trading under Freeway Insurance Headquarters: New York, N.Y. Year Founded: 2008 Additional Locations: California, Arizona, Washington, Oregon, Texas, New York, New...
Maryland To Hold Hearing on Insurance Affordability for Coastal Areas
Dec 2 2011 // Maryland Insurance Administration will hold a two-day quasi-legislative public hearing, on Dec. 13 and 14, to discuss the availability and affordability for personal and commercial P/C insurance in coastal areas. Several...
Insurers Boost California’s Economy by $34.7 Billion
Nov 29 2011 // California’s a $1.9 trillion economy gets a multi-billion dollar boost from the property/casualty insurance industry, according to a report from the Insurance Information Institute issued Tuesday. In 2009, insurers...
Best Affirms Zurich American and Subs ‘A+’ Ratings; Outlook Stable
Nov 22 2011 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa-” of Zurich American Insurance Company (Zurich US), headquartered in...
Agency E&O Survey: Why Agents Buy Coverage
Nov 22 2011 // 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 must protect their...
P/C Market to See Only Moderate Changes in Rates in 2012: Willis
Nov 21 2011 // Property/casualty insurance rates will continue to be flat to with some slight increases or decreases in most major and specialty lines of insurance. Some exceptions to that trend include catastrophe-exposed property...
P/C Companies in Northeast Reported Weak Q3 Earnings
Nov 21 2011 // The property/casualty companies headquartered in the Northeast came out with third-quarter earnings – with virtually all companies posting weaker results compared to one year ago. Same phrases came up again and...
Torus Strengthens European P&C Platforms with New Appointments
Nov 17 2011 // Torus Insurance announced that it has “enhanced its offering in Europe with the appointment of Brian Byrnes as Senior Underwriter for General Property and Marco Sonntag as Senior Underwriter for Casualty.” They...
Allianz Q3 Net Profit Hit by ‘Market Turmoil; Figures Show Decreases
Nov 14 2011 // Allianz reported Net income of €258 million [$353.46 million] for the third quarter of 2011, compared to €1.268 billion [$1.737 billion] in Q3 2010, a 79.7 percent drop. For the first nine months of the year...
LexisNexis Selling P/C Insurance Software Business
Nov 9 2011 // LexisNexis Risk Solutions said it is selling its property/casualty insurance software business to a San Francisco-based private equity firm, Genstar Capital. The division being sold provides policy administration software...
Ohio’s Dumbaugh Insurance Agency Joins Keystone Insurers Group
Nov 8 2011 // Mount Vernon, Ohio-based Dumbaugh Insurance Agency is now a partner in Keystone Insurers Group (KIG). Dumbaugh Insurance is Keystone’s 28th franchise partner in Ohio, bringing the property and casualty insurance...
The Demotech Company Classification System Reveals State Specialist Property/Casualty Insurers
Nov 7 2011 // Company Name State of Speciality 2010 TOTAL DPW Texas Mutual Insurance Co. TX 596,191 Old American County Mutual Fire Insurance Co. TX 575,100 SAIF Corporation OR 327,373 St. Johns Insurance Co. Inc. FL 257,106 Brickstreet...
Generous P/C Sector Seeks Ways to ‘Give Better,’ McKinsey Author Says
Nov 7 2011 // The property/casualty insurance sector that already does a lot of good work is interested in doing more and having even more of an impact, according to the lead author of a landmark report on the property/casualty...
2011 Agency E&O Survey
Nov 7 2011 // 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 must protect their...
P/C Market to See Only Moderate Changes in Rates in 2012: Willis
Nov 4 2011 // Property/casualty insurance rates will continue to be flat to with some slight increases or decreases in most major and specialty lines of insurance. Some exceptions to that trend include catastrophe-exposed property...
Lockton Adds Technology Property & Casualty Leader in California
Oct 26 2011 // Kevin Hoskinson has joined Lockton as its technology practice leader focused on property and casualty insurance for technology companies. Hoskinson will work in Kansas City, Mo. Lockton’s San Jose, Calif. office....
Best Affirms W.R. Berkley and Subs ‘A+’ Ratings; Outlook Stable
Oct 26 2011 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa-” of Berkley Insurance Group, Admiral Insurance Group, Berkley Regional Group...
