Latest Property Casualty Headlines
All the headlines from our Property Casualty Topic Page, ordered by recency.
Generous P/C Sector Seeks Ways to ‘Give Better,’ McKinsey Author Says
Oct 25 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...
P/C Industry Gave $500M to Charity in 2010, But More Can Be Done
Oct 25 2011 // Here is something some people might not know about the property/casualty insurance professionals: they are very generous folks. Property/casualty insurance industry’s charitable giving reached $500 million in 2010....
People
Oct 17 2011 // Higginbotham & Associates has promoted commercial insurance broker Mike Bateman to its managing director group for 2012. Bateman, who joined Higginbotham’s Dallas office in 2004, was promoted from account...
Top 25 P/C Insurers’ Direct Premium Growth Increases 11%, June 30, 2011 Versus June 30, 2010
Oct 17 2011 // Property/casualty insurance companies continued to serve their clients despite the tough economic conditions that have defined the better part of the past decade as well as an increased number of catastrophic events in the...
2,100 Jobs Lost in Insurance Industry in August
Oct 13 2011 // The latest U.S. jobs data show the insurance industry lost 2,100 jobs overall in August. The industry employs some 2,211,000 workers according to the latest numbers. The Insurance Information Institute reported that most...
W. R. Berkley Sees $50M-$60M Cat Losses for Q3
Oct 12 2011 // Greenwich, Conn.-based insurer W. R. Berkley Corp. is estimating Q3 catastrophe losses in the range of $50 million to $60 million, before tax. The loss estimate is net of reinsurance recoveries and is inclusive of...
The Hartford Says Its Balance Sheet is Strong
Oct 11 2011 // At an investor meeting on Oct. 6, The Hartford Financial Services said the company has “significantly enhanced” its financial risk management and believes its balance sheet is strong. The company also announced...
Moody’s: P/C Insurers More Mindful of Inflation Risks
Oct 11 2011 // Until recently, the risk of inflation shocks has not ranked high on the agenda for U.S. property/casualty insurers, Moody’s Investors Service says in a new report, but aggressive monetary policy over the past few...
S&P Affirms Nationwide’s ‘A+’ Ratings after Harleysville Buy
Oct 11 2011 // Standard & Poor’s Ratings Services has affirmed its ‘A+’ counterparty credit and financial strength ratings on Nationwide Mutual Insurance Co. and its property/casualty affiliates (collectively...
People
Oct 3 2011 // The National Association of Mutual Insurance Companies (NAMIC) presented the Federal Legislator of the Year Award to U.S. Rep. Judy Biggert, R-Ill., at its annual convention in Indianapolis. Biggert currently serves as...
Wanted: Industry Seeks Out Specialty Marine Brokers
Oct 3 2011 // Two developments in the marine market have combined to create a tantalizing opportunity for wholesale brokers and managing general agents (MGAs) to serve the marine marketplace. While marine revenues remain fairly flat,...
Surplus Lines Industry Losing Its Edge?
Oct 3 2011 // The surplus lines industry continues to outperform the overall property/casualty industry but its advantage is not what it used to be. According to the annual A.M. Best special report, the surplus lines industry generated...
Shoemake Ushered in as President of Alamo Chapter of CPCU
Sep 30 2011 // The Alamo Chapter Society of Chartered Property and Casualty Underwriters (CPCU) in San Antonio, Texas, announced that Susan G. Shoemake has been installed as president of the chapter for 2011 – 2012. Shoemake, who holds...
Best’s Special Report Sees Mounting Pressure on UK’s P&C Insurers
Sep 28 2011 // A new report from A.M. Best notes that “intense competition and the effect of the weak economic climate on investment returns and loss experience continue to put pressure on U.K. non-life insurers’ financial...
Best Affirms XL Group, P&C Subs ‘A’ Ratings; Outlook Stable
Sep 22 2011 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of ‘a’ of the property/casualty subsidiaries of the holding company, XL Group plc,...
Wells Publishing to Launch New Claims Journal Magazine
Sep 22 2011 // Wells Publishing Inc. announces the launch of Claims Journal magazine, a quarterly publication targeting claims professionals in the property/casualty insurance industry. The new magazine, scheduled to launch the first...
Top 5 Technology Priorities for P/C Insurers
Sep 19 2011 // Property/casualty insurance companies plan to invest in technology for underwriting, policy administration, consumer portals, predictive analytics/business intelligence and mobility/virtualization. Those are the top five...
People
Sep 19 2011 // XL Insurance has made six key appointments to its North America Construction team. The latest additions to XL Insurance’s North America construction team include: Lawrence Lejfer — Vice president and senior...
Global Property Insurance Market Remains Volatile: Aon Benfield
Sep 12 2011 // In terms of global underwriting volatility, the property insurance market remains substantially more volatile than other major lines. In Germany and Spain property is nearly twice as volatile as motor, the most stable...
Aran Insurance Services to Offer Specialty P&C Programs in Canada
Sep 6 2011 // Aran Insurance Services Group’s property and casualty subsidiary MiniCo Insurance Agency, LLC, will offer specialty insurance programs in Canada through its new affiliate, MiniCo Insurance Agency of Canada, Inc....
