Latest Property Casualty Headlines
All the headlines from our Property Casualty Topic Page, ordered by recency.
The ‘Secrets of the Ancients’
Nov 14 2010 // How Insurance Companies Can Live to Be 100 and Beyond Companies that seek longevity in the insurance industry should not focus solely on increasing profits. That’s the assessment of Robert P. Hartwig, president and...
Illinois Disciplinary Actions Include License Denials, Suspensions, Fines
Nov 11 2010 // Illinois Department of Insurance Director of Insurance Michael T. McRaith has issued the following disciplinary orders for September and October 2010: Shango D. Johnson, Chicago – Insurance producer license suspended...
How Insurance Companies Can Live to Be 100 and Beyond
Nov 8 2010 // Companies that seek longevity in the insurance industry should not focus solely on increasing profits. That’s the assessment of Robert P. Hartwig, president and economist for the Insurance Information Institute. In...
Western National Insurance Purchases Umialik Insurance
Nov 4 2010 // Western National Insurance Group of Edina, Minn., has signed a definitive agreement for the purchase of 100 percent of the stock of Anchorage, Alaska-based Umialik Insurance Co. from UkpeaÄ¡vik Iñupiat...
Liberty Mutual to Establish Joint P/C Venture with India’s Videocon
Nov 4 2010 // Liberty Mutual Group announced that it has concluded a partnership with “Videocon Industries Ltd., the flagship company of $5 Billion Videocon Group, with diversified interest in Consumer Electronics, Household...
XL Posts $77.5 Million Q3 Net Income; $175 Million Operating
Nov 4 2010 // Bermuda-based XL Group plc reported net income attributable to ordinary shareholders of $77.543 million for the third quarter of 2010, or $0.23 per ordinary share, compared to a net loss of $11.4 million, or a loss of...
Alterra Capital Posts $82.8 Mn. Q3 Net Income; $222.7 Mn 9 Months
Nov 3 2010 // Bermuda-based Alterra Capital Holdings Limited reported net income of $82.8 million, or $0.70 per diluted share, for the third quarter of 2010, compared to net income of $95.3 million, or $1.64 per diluted share, for the...
The Hartford Boosts Profits in Q3
Nov 3 2010 // The Hartford Financial Services Group, Inc. reported third quarter 2010 net income of $666 million. This compares to the company’s third quarter 2009 net loss of $220 million. The Hartford reported core earnings for...
Insurance Premiums Paid by Texans Dipped Slightly in 2009
Nov 2 2010 // The property/casualty insurance industry in Texas experienced a “ho hum” year in 2009 with soft market pricing and a difficult economy taking a toll on written premium, according to a report released by the...
People
Nov 1 2010 // Juan Andrade stepped down as Commercial Markets president at The Hartford to join Ace as president of the insurers’ Global Personal Lines and Small Commercial Insurance division. He will assume the new position with...
Fireman’s Fund Ready to Rally
Nov 1 2010 // Company Progressing on Mass Market Strategy Fireman’s Fund’s financials, like other insurance carriers’, got bruised a little in the first half of 2010, following some heavy catastrophe losses. But...
The ‘Secrets of the Ancients’
Nov 1 2010 // How Insurance Companies Can Live to Be 100 and Beyond Companies that seek longevity in the insurance industry should not focus solely on increasing profits. That’s the assessment of Robert P. Hartwig, president and...
How an E&O Claim Could Affect Agency Employee’s Career
Nov 1 2010 // Survey Finds Agencies Take a Second Look at Hiring Employees With Past E&O Histories Today’s soft insurance market, reduced commissions and a tough economy for agency owners and their clients might be adding to...
Top 100 Agency Profile
Nov 1 2010 // Rank: 6 Agency Name: The ISU Group Year Founded: 1979 Headquarters: San Francisco, Calif. Approx. 100 additional locations nationwide Principals: T.J. Ryan III, CEO; Steven C. Pearson, president, ISU International %...
Cincinnati Financial Q3 2010 Income Drops Compared to 2009
Oct 29 2010 // Cincinnati Financial Corp. reported $156 million, or 95 cents per share, of net income for the third quarter of 2010 compared with a net income of $171 million, or $1.05 per share, in the third quarter of 2009. The...
Insurers Boost Calif. Economy By $30.1 Billion
Oct 28 2010 // California has a $1.85 trillion economy that ranks it as a global financial power, thanks in part to a multi-billion dollar boost from the property/casualty insurance industry, according to a new report. In 2007, insurers...
S&P Lowers Ratings on American National’s Operating Companies
Oct 25 2010 // Standard & Poor’s Ratings Services has lowered its counterparty credit and financial strength ratings on the core operating companies of the American National Insurance Co. group (ANICO) to ‘A+’ from...
P/C Executives Encouraged to Be Optimistic Amid America’s Challenges
Oct 25 2010 // An executive of a national insurance company trade group told insurance CEOs and senior executives that America faces a struggle between two competing visions for the future – a choice between a free market system...
University Study of P/C Insurers Finds Bad CEOs Can Wreck Companies
Oct 18 2010 // When companies go out of business, their leaders often blame something other than their own performance for the failure. Lehman Bros.’s CEO Richard Fuld said his compensation package had nothing to do with his...
People
Oct 18 2010 // Texas-based Roach Howard Smith & Barton (RHSB) announced that Jan Holcombe joined the company as vice president of personal client services. Holcombe brings more than 20 years of experience as an insurance counseling...
