Latest Property Casualty Headlines
All the headlines from our Property Casualty Topic Page, ordered by recency.
Best Affirms Ameriprise Financial and Subs Ratings
Aug 31 2011 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa-” of Minneapolis-based RiverSource Life Insurance Company and its wholly...
Irene Insured Losses in U.S. at $3-$6 Billion; P/C Pricing Unlikely to Turn
Aug 29 2011 // Hurricane Irene caused $3 billion to $6 billion in insured losses, catastrophe modeling company AIR Worldwide said Monday, affirming the insurance industry’s suspicion the impact was not as bad as feared. In the days...
P/C Industry ‘Adequately Capitalized’ Says Best, Despite Irene Losses
Aug 29 2011 // A.M. Best has begun an assessment of the potential financial impact Hurricane Irene’s passage through the Caribbean and up the East coast of the U.S. might have on the property/casualty industry in the U.S.,...
Texas Enforcements for June 2011 Include Nearly $285K in Fines, Restitution
Aug 17 2011 // Enforcement actions taken by the Texas Department of Insurance that became final during June 2011 include seven license revocations, two license denials, and fines and restitution totaling $285,521. An order imposing...
Top 10 Innovative P/C Insurance Products
Aug 15 2011 // Editor’s Note: This article originally appeared in Insurance Journal’s Satire Issue, August 15, 2011. The content in this issue is not real and is not to be taken seriously. It’s supposed to be humorous....
PR Catastrophe
Aug 15 2011 // Editor’s Note: This article originally appeared in Insurance Journal’s Satire Issue, August 15, 2011. The content in this issue is not real and is not to be taken seriously. It’s supposed to be humorous....
Industry Keeps Pace As America Gets Older, Wider
Aug 15 2011 // Editor’s Note: This article originally appeared in Insurance Journal’s Satire Issue, August 15, 2011. The content in this issue is not real and is not to be taken seriously. It’s supposed to be humorous....
Government Reaps Benefit of P/C Insurers’ Excess Profits
Aug 15 2011 // Editor’s Note: This article originally appeared in Insurance Journal’s Satire Issue, August 15, 2011. The content in this issue is not real and is not to be taken seriously. It’s supposed to be humorous....
Sovereign Debt Pressure Spreads to Insurers’ Balance Sheets: A.M. Best
Aug 10 2011 // Continuing economic weakness in Europe and the debt crisis in the United States have elevated the risk profile of U.S. insurers, stirring insurance rating agency A.M. Best to stress test insurers for how they might be...
Insurance Captives’ Profitability Soars; Dividends Way Up: A.M. Best
Aug 8 2011 // Profitability soared by 49 percent and policyholder dividends were up 73 percent for captive insurance entities followed by rating analysts at A.M. Best in 2010. According to an A.M. Best special report, captives’...
The Hartford Q2 Profit Hit by Asbestos Charges, Tornado Losses
Aug 4 2011 // As it warned earlier, Hartford Financial Services Group saw its profit fall in the second quarter due to large catastrophe losses and a charge to increase asbestos reserves. Overall, The Hartford reported a net profit of...
Swiss Re Posts $960 Million Q2 Net Income; Combined Ratio 78.4%
Aug 4 2011 // Swiss Re reported Group net income increased by 18 percent to $960 million in the second quarter of 2011, compared to $812 million in the same period of 2010. “All segments contributed to these positive results,...
How Debt Ceiling Politics Impact P/C Insurance Industry
Aug 1 2011 // As they watched Congress struggle to put a debt deal in place by Aug. 2, U.S. insurers worried about their companies’ portfolios, short- and long-term interest rates and a decline in equity markets. The leading...
Organic 100
Aug 1 2011 // It’s that time of year again, when the nation’s leading privately held independent insurance agencies are put in the spotlight. Welcome to Insurance Journal‘s exclusive Top 100 Independent...
Dodd-Frank Anniversary: What About Insurance?
Aug 1 2011 // The Dodd-Frank Wall Street Reform and Consumer Protection Act rewrote the landscape of the financial markets and it has permeated all sectors of the global economy. A year after the Dodd-Frank Act was signed, there...
People
Aug 1 2011 // Joseph Waked was named CEO of Buena Park, Calif.-based Freeway Insurance, a subsidiary of New York-based Confie Seguros. He will have responsibility for California, Texas and Arizona. Waked replaces Freeway’s former...
Top 25 Carriers’ Premium Growth Jumps 11.4% Q1 2011 vs Q1 2010
Aug 1 2011 // Property/casualty insurance companies have faced tough economic decisions over the last few years. Experts and analysts have expressed concern over soft pricing exhibited in the underwriting cycle. To avoid the...
Top 100 2011 Privately Held Independent Agencies
Aug 1 2011 // About This Report: Despite lingering economic challenges and the ongoing soft insurance market, the nation’s leading independent insurance agencies fared much better in 2010 than in 2009. Property/casualty premiums...
P/C Commercial Prices Showed Modest Increases in Q2: Brokers’ Survey
Jul 28 2011 // Pricing in the U.S. commercial property/casualty market showed modest increases in the second quarter of this year, compared with the first quarter. That’s according to The Council of Insurance Agents &...
P/C Insurers Still Saddled with Asbestos Reserve Challenges
Jul 28 2011 // Asbestos-related diseases have been falling for a decade, but warnings from a pair of U.S. insurance giants about new claims raise questions about the industry’s ability to put the scourge behind it. While medical...
