Latest Property Casualty Headlines
All the headlines from our Property Casualty Topic Page, ordered by recency.
How Rising Energy Prices Affect P/C Insurance
Apr 11 2011 // The leveling off of the world’s oil supply and the resulting rising gasoline prices and their economic impact carry implications for property/casualty insurance rates. Oil spikes have been known to precede...
Reinsurance Rates Rising, But Few Agree Where, How Much
Apr 6 2011 // Reinsurance rates may be edging higher only now, but the companies’ shares could still surge amid investor hopes that disasters, including Japan’s earthquake, will result in much higher rates in the...
Reinsurance Rates Are Rising, but Few Agree Where
Apr 6 2011 // Reinsurance rates may be edging higher only now, but the companies’ shares could still surge amid investor hopes that disasters, including Japan’s earthquake, will result in much higher rates in the...
People
Apr 4 2011 // Ohio-based Westfield Insurance promoted Joseph C. Kohmann to group finance leader (CFO) and treasurer. He replaces Robert Krisowaty, who retires with more than 10 years of service. In July 2010 Kohmann assumed the position...
People
Apr 4 2011 // Novato, Calif.-based Fireman’s Fund Insurance Co. added Christian Kortebein as senior vice president and chief actuary. He will report to the chief financial officer and be responsible for setting direction and...
People
Apr 4 2011 // The Obama administration named Michael McRaith to head the new Federal Insurance Office. McRaith, currently the head of the Illinois Department of Insurance, will run the Federal Insurance Office set up under 2010’s...
Special Report: Top 10 Innovative P/C Insurance Products
Apr 1 2011 // A wave of new product offerings is jeopardizing the property/casualty insurance industry’s image as uncool. Since the beginning of the year, dozens of property/casualty insurers have announced innovative protections...
Shake-Up at AIG’s Chartis; Moor Out, Hancock In as CEO
Mar 31 2011 // American International Group, Inc. (AIG) today announced a reorganization of Chartis, its global property/casualty business, and named a new management team, including a new chief executive officer, Peter D. Hancock,...
Liberty Mutual Authorized to Establish Guangdong Branch
Mar 31 2011 // Liberty Mutual Group announced that, through its wholly owned subsidiary Liberty Insurance Company Limited, it has been granted approval to establish a branch in Guangdong Province by the China Insurance Regulatory...
Insurance Journal Nominated for Four Publishing Awards
Mar 30 2011 // Insurance Journal magazine has been recognized for excellence in magazine publishing, receiving four nominations for Maggie Awards including for best publication and best iPad edition. Known as the “Oscars” of...
EEHall, NIADA to Offer P&C Program to Independent Auto Dealers
Mar 30 2011 // The National Independent Automobile Dealers Association (NIADA) has partnered with Edward E. Hall and Company (EEHall) to offer a nationwide property and casualty insurance program to independent auto dealers. The NIADA...
Florida Insurance Office Announces Staff Changes
Mar 28 2011 // Florida Insurance Commissioner Kevin McCarty announced several staff changes at the Office of Insurance Regulation (OIR). Al Willis has been appointed acting deputy commissioner for Property & Casualty. Willis was the...
Calif.’s Sandin Joins P/C Trade Group AIA as State Affairs VP
Mar 25 2011 // Tracy Sandin has joined the property/casualty insurance trade group, the American Insurance Association, as its new vice president for state affairs and strategic planning. Sandin’s career includes experience in both...
S&P: Outlook Negative on 9 Japanese P/C Insurers; Ratings Affirmed
Mar 25 2011 // Standard & Poor’s Ratings Services has conducted a detailed analysis of 15 Japanese P/C insurers, and has made several adjustments in its ratings following the earthquake and tsunami, which hit the country on...
U.S. P/C Insurers’ Results for 2010 Get ‘Mixed Review’ from A.M. Best
Mar 24 2011 // The U.S. property/casualty insurance industry’s financial results for 2010 represented a mixed bag, with some good results and some that are of concern, according to a leading rating organization. A.M. Best Co....
People
Mar 21 2011 // Baldwin & Lyons Inc., headquartered in Indianapolis, promoted Mark Bonini to executive vice president of sales, marketing and underwriting; Jim Isham to senior vice president of administration; and Craig Morfas to...
XL Insurance Promotes Bruce-Smythe to CUO – Int’l. P/C
Mar 17 2011 // XL Insurance, the global insurance operations of the XL Group, has promoted Gavin Bruce-Smythe to Chief Underwriting Officer (CUO) for its International Property & Casualty business. He previously served as Chief...
Analysts Describe Quake/Tsunami Impact on Japan’s P/C Insurers as ‘Limited’
Mar 14 2011 // A decline in shares of Japanese non-life insurers including MS&AD Insurance Group [Mitsui Sumitomo] is expected to be temporary as the impact on their earnings of the earthquake and tsunami in northeast Japan should be...
RCM&D Buys TRION’s Commercial P&C Division
Mar 10 2011 // Baltimore-based Insurance broker RCM&D acquired the commercial property and casualty insurance division of Philadelphia-based TRION Inc. and has opened a Philadelphia regional office to serve clients throughout...
Heritage Insurance Is First Keystone Agency in Tennessee
Mar 9 2011 // Heritage Insurance Group of Johnson City has become Keystone Insurers Group’s first agency partner in Tennessee. Heritage sells property/casualty, life and health insurance. It has 18 employees in its home office and...
