Latest Property Casualty Headlines
All the headlines from our Property Casualty Topic Page, ordered by recency.
Correction: Crump Group No. 1 Overall Wholesaler
Apr 16 2010 // The original story on the acquisition of Colemont Brokers by AmWINS Group identified the post-merger AmWINS as the largest wholesale broker. But this is only true when considering property/casualty premiums...
Pacific Gateway Acquires Homestate’s California P/C Division
Apr 15 2010 // Pacific Gateway Insurance Agency (PGIA), a wholly owned managing general agent/managing general underwriter of National Indemnity Insurance Co. (NICO), a member of the Berkshire Hathaway Group of Insurance Companies, has...
Insurers’ Group Comments on End of Sessions in Maine, Maryland
Apr 15 2010 // The American Insurance Association (AIA) says the P/C industry made some positive legislative steps in Maine and Maryland this year, although the trade group says it was disappointed with a Maryland law that will raise the...
P/C Industry’s Net Income Up $25B in 2009; Combined Ratio Improves
Apr 15 2010 // The U.S. property/casualty industry’s profitability as measured by their rate of return on average policyholders’ surplus (or statutory net worth) increased by 5.8 percent in 2009, while private P/C...
AmWINS CEO DeCarlo on Colemont Merger, Texas and Going Global
Apr 14 2010 // The acquisition of wholesale insurance broker Colemont Insurance Brokers by its competitor AmWINS Group gives AmWINS entry into international markets for the first time and a bigger presence in Texas, where Colemont is...
Arizona Insurance Industry Contributes $1.2 Trillion in Assets to State
Apr 13 2010 // The more than 940 property/casualty insurers in Arizona that compete for business add more than $1.2 trillion in assets to the state, that enables Arizonans to drive cars, own homes, protect their property and operate...
Zenith Picks Thomson to Lead Non-Workers’ Comp P/C Operations
Apr 12 2010 // Woodland Hills, Calif.-based Zenith National Insurance Corp. announced that Craig Thomson will be joining its principal operating subsidiary, Zenith Insurance Co., as executive vice president. He will be responsible for...
Insurance Mergers Dropped in 2009, Reports Conning
Apr 8 2010 // The U.S. saw a significant decline in the reported value of insurance industry mergers and acquisitions (M&A) transactions in 2009, and overall global transaction values also declined further from very low 2008 levels,...
Why Keystone Insurers Expanded in Kentucky and Where It’s Going Next
Apr 6 2010 // Pennsylvania-based insurance agency franchisor Keystone Insurers Group has more than 200 agency owner-partners and it’s not done yet, says Colin Buzzard, Keystone’s executive vice president of sales and...
People
Apr 5 2010 // Accident Fund Insurance Company of America, based in Lansing, Mich., appointed Lisa Riddle the new vice president of Claims and Medical Operations. In her new role, Riddle is responsible for the strategic direction of...
P/C Insurers Can Handle Chinese Drywall Costs, Says Moody’s
Apr 5 2010 // Property/casualty insurers are expected to continue to handle costs for defective Chinese drywall claims in the normal course of business, according to a rating analyst with Moody’s Investors Service. Losses from...
Oklahoma Seeks Receivership of Imperial Casualty and Indemnity
Apr 5 2010 // Oklahoma insurance regulators have moved to seize a workers’ compensation insurer they say is insolvent and whose owners are being accused of deceptive financial transactions involving another recently-liquidated...
P/C Insurers Can Handle Chinese Drywall Costs, Says Moody’s
Apr 5 2010 // Property/casualty insurers are expected to continue to handle costs for defective Chinese drywall claims in the normal course of business, according to a rating analyst with Moody’s Investors Service. Losses from...
10 Technologies with Biggest Impact on P/C Insurance Companies
Apr 5 2010 // A Stamford, Conn.-based research and consulting firm has identified 10 technologies that will have the greatest impact for the property/casualty (P/C) insurance industry. Gartner Inc. said these technologies will challenge...
How P/C Agents Can Increase Sales through Employee Benefits
Apr 5 2010 // Broaden Your Agency’s Reach Through Education and Marketing In today’s still challenging economic environment, employees are increasingly looking at employee benefits as a way to strengthen their personal...
S&P Affirms AIG’s Ratings; Outlook Still Negative
Apr 2 2010 // Standard & Poor’s Ratings Services has affirmed its ‘A-/A-1’ counterparty credit ratings on American International Group Inc, as well as its ‘A+’ counterparty credit and financial strength...
IMA of Texas Hires Bailey as VP – Benefits, Property and Casualty
Apr 2 2010 // IMA of Texas Inc., a retail insurance broker and risk management firm, announced that Kyle A. Bailey joined the company as a vice president for employee benefits and property and casualty insurance. Bailey has more than 12...
Washington P/C Premiums Totaled $9.1 Billion in 2008
Apr 2 2010 // The insurance industry provides nearly 51,000 jobsi n Washington with about a $3.2 billion payroll, according to the Northwest Insurance Council and Insurance Information Institute. In their latest report, “A Firm...
Victor O. Schinnerer Acquires HSBC Insurance’s Energy Brokerage
Apr 1 2010 // Victor O. Schinnerer & Company, Inc. has acquired HSBC Insurance Services (USA) Inc., the energy insurance brokerage of HSBC Insurance. Effective April 1, 2010, the acquisition adds energy companies, utility companies...
Equity Risk Partners Names Rayha-Teegarden Director of Marketing-P/C
Mar 31 2010 // Equity Risk Partners (ERP), an insurance brokerage and consulting firm focused on the needs of the private equity industry, has announced the addition of Rhonda Rayha-Teegarden as director of marketing – Property...
