Latest Property Casualty Headlines
All the headlines from our Property Casualty Topic Page, ordered by recency.
Newins Named Property Casualty Division Director in Kansas
May 6 2011 // Kansas Commissioner of Insurance Sandy Praeger named department veteran Jim Newins as the new Property and Casualty Division Director at the Kansas Insurance Department (KID). Newins began working for KID in 1988 as an...
First Quarter Earnings Report: Swiss Re, Zurich Financial Services
May 5 2011 // Swiss Re has estimated that its first quarter P&C pre-tax catastrophe losses exceed $2.3 billion, resulting in the $1.233 billion operating loss in this sector given above. Swiss Re’s earnings bulletin pointed...
Garrison Joins J.M. Wilson as Underwriter
May 4 2011 // J.M. Wilson, a managing general agency based in Kansas City, Mo., has added Ariynna Garrison in Kansas City as property and casualty underwriter. Garrison is responsible for quoting new and renewal accounts for a wide...
Survey: Commercial Lines Prices Fall 3% in Q1
May 4 2011 // Commercial property/casualty pricing declined again with an average decline 3 percent in the first quarter of 2011. But according to a new industry survey, the pace of pricing declines may be slowing down. The market...
Cincinnati Financial Corp. Sees Decreased Income in Q1
May 3 2011 // Ohio-based Cincinnati Financial Corp. reported first quarter 2011 net income of $62 million compared with $68 million for the same period in 2010. Operating income came in at $55 million compared with $63 million during...
Best Affirms Harleysville Group and Subs Ratings
May 2 2011 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of Harleysville Insurance and its property/casualty pooling members,...
Overcapacity in P/C Insurance Keeping Commercial Prices Down
May 2 2011 // Most commercial lines insurance prices continued their downward trend in the first quarter, as underwriters’ efforts to hold the line on premiums buckled under the pressure of a highly overcapitalized market. Three...
P/C Premium Growth Not Enough for Market Turnaround: Conning
May 2 2011 // The property/casualty insurance industry can expect premium growth of between 3 and 4 percent in 2011, and about 5 percent for the following two years, according to a forecast from analysts at Conning Research &...
100 Years of Relationships
May 2 2011 // Fourth Generation Family Owned Moreton & Co. Honors Traditional Values Top 100 Agency Profile Rank: No. 18* Agency Name: Moreton & Co. Main Office: Salt Lake City, Utah Additional Locations: Sandy, Utah; Boise,...
Overcapacity in P/C Insurance Keeping Commercial Prices Down
Apr 26 2011 // Most commercial lines insurance prices continued their downward trend in the first quarter, as underwriters’ efforts to hold the line on premiums buckled under the pressure of a highly overcapitalized market. Three...
P/C Premium Growth Not Enough for Market Turnaround: Conning
Apr 25 2011 // The property/casualty insurance industry can expect premium growth of between 3 and 4 percent in 2011, and about 5 percent for the following two years, according to a forecast from analysts at Conning Research &...
How P/C Insurance Industry Fared Financially in 2010
Apr 20 2011 // U.S. property/casualty insurers’ net income after taxes rose to $34.7 billion in 2010 from $28.7 billion the year before, with insurers’ rate of return on average policyholders’ surplus increasing to 6.5...
P/C Insurers Keeping an Eye on Congress
Apr 20 2011 // While lobbyists see few direct threats to the property/casualty insurance industry in the current Congress, P/C insurers have been advised to remain vigilant because several issues that could have a spillover effect on...
Allied World Forms New Inland Marine Division
Apr 19 2011 // Allied World U.S. has expanded its property & casualty (P&C) operations with the launch of a new inland marine division. The division will target all filed and non‐filed classes of inland marine business in the...
Keystone Group Adds Four Tennessee Agencies
Apr 19 2011 // Keystone Insurers Group is expanding its presence in Tennessee by teaming up with four new franchise partners. E.B. Thom & Sons, McIntire & Associates Insurance Inc., Porch-Stribling-Webb Inc. and Art E. Gernt have...
Premier Group Insurance to Enter New States and Expand Operations – Appoints Rex Hickling as President
Apr 19 2011 // Denver, April 19 2011 – Premier Group Insurance, Inc. announced today the further expansion of its agency Property & Casualty group of more than 100 licensed agents into additional targeted states in the West....
P/C Industry Depends Too Much on Catastrophe Models, Says Pioneer Clark
Apr 14 2011 // Catastrophe models are a great risk management tool for property/casualty insurers but even the person who created the first one is worried that they are being given more credit and influence than they deserve. Karen Clark...
How Health Reform Will Affect Workers’ Comp, Liability Insurance
Apr 12 2011 // The federal health reform enacted last year will bring short- and long-term challenges to employers and the property/casualty insurance industry. According to Harry Shuford, chief economist for the insurance...
P/C Insurers Weigh International Expansion for Growth
Apr 12 2011 // The economy is recovering, but not enough to overcome a persistent soft market and spark robust premium growth, a new report from Advisen Ltd. says. As a result, property/casualty insurers will increasingly view...
A.M. Best Revises Outlook for The Hartford
Apr 12 2011 // A.M. Best Co. has revised the outlook to stable from negative and affirmed the issuer credit rating (ICR) of “bbb+” of The Hartford Financial Services Group, Inc. A.M. Best also has affirmed the financial...
