Latest Property Casualty Headlines
All the headlines from our Property Casualty Topic Page, ordered by recency.
Top 100 Agencies: Deadline to Submit, June 1
May 15 2009 // Insurance Journal is on the search for the nation’s leading privately-held property casualty independent agencies and brokerages for its annual Top 100 Property/Casualty Independent Insurance Agencies report. Now,...
Top 100 Profile: Locked into the Customer at No. 1 Lockton
May 14 2009 // As Insurance Journal prepares for another Top 100 Independent Property/Casualty Agency List, to be published in our Aug. 3, 2009, magazine, the editors wanted to highlight a few of the current Top 100 agencies. Throughout...
Bukaty Companies Adds 2 New Account Executives in P/C Unit
May 14 2009 // Don Burdolski and Bill Castans have joined Kansas-based Bukaty Companies Property and Casualty division as account executives. Burdolski and Castans have more than 45 years of combined experience in commercial lines...
Texas’ March Enforcements Result in $325K in Fines, Restitution
May 12 2009 // Enforcement actions taken by Texas Insurance Commissioner Mike Geeslin that became final during March include eight license revocations, three license denials and fines and restitution totaling more than $325,000. An order...
Max Capital Group’s Q1 Net up 82% to $44.5 Million
May 6 2009 // The Bermuda-based Max Capital Group reported net income for the three months ended March 31, 2009 of $44.5 million, or $0.78 per diluted share, compared to net income of $7.7 million, or $0.13 per diluted share, for the...
Conning Study Examines P/C Insurance Industry Outsourcing
May 5 2009 // A new study by Conning Research and Consulting notes that the “property-casualty industry has been offshoring business processes since the Y2K fixes of the late 1990s, and a combination of continuing expense...
Agents and Brokers: Deadline to Submit for IJ’s Top 100, June 1
May 5 2009 // Insurance Journal is on the search for the nation’s leading privately-held property casualty independent agencies and brokerages for its annual Top 100 Property/Casualty Independent Insurance Agencies report. Now,...
2009 Super Regional P/C Insurers™
May 4 2009 // The original criteria and objective definition for Super Regional P/C Insurers™ were established in the Feb. 12, 2007 issue of Insurance Journal. Prior to the establishment of an industry-wide definition, a number of...
AIG’s P/C Arm Eager to Split, New Name in Question
Apr 30 2009 // American International Group’s property/casualty division is moving swiftly to break ties with its parent company, setting itself up to be a stand-alone company, said AIG Chief Executive Edward Liddy. But the name...
ACE Q1 Net Income up 50% to $567 Million; Operating Income $669 Million
Apr 29 2009 // ACE Limited reported from its Zurich headquarters that net income for the quarter ended March 31, 2009 was $567 million, or $1.69 per share, compared to $377 million, or $1.10 per share for the same quarter last...
The Hartford Reported Shopping Its P/C Insurance Business
Apr 23 2009 // Hartford Financial Services Group Inc. is trying to sell its property/ casualty insurance business, sources familiar with the matter said Thursday, as the U.S. insurer reels from massive losses. Hartford has retained...
Q&A: AIG’s New AIU Tries to Rebrand In Challenging Market
Apr 21 2009 // Last month, shortly after American International Group, Inc. CEO Edward Liddy announced that AIG would be spinning off its global insurance operations into a new entity to be known as AIU Holdings, Inc., Insurance...
A.M. Best Calls AIU Vehicle ‘Positive First Step’ in AIG Insurance Rebranding
Apr 21 2009 // Rating organization A.M. Best Co. reported that its ratings and outlook of the property/ casualty subsidiaries of American International Group, Inc. (AIG) remain unchanged following the company’s announcement of the...
The Case for Confronting Fear
Apr 20 2009 // Study Shows Policyholders Eager to Address Economic Crisis With P/C Agents With the parallels being drawn between the nation’s new Administration and President Franklin D. Roosevelt’s Administration during the...
P/C Insurers Profitable in 2008 Despite Big Hits From Catastrophes, Financial Crisis
Apr 20 2009 // Property/casualty insurers remained profitable in 2008 despite taking hits from several catastrophes, the recession and the ongoing financial crisis. P/C insurers earned $2.4 billion in net income after taxes in 2008, but...
J.M. Wilson in Michigan Promotes Kiser to Personal Lines Manager
Apr 16 2009 // Portage, Michigan-based managing general insurance agency J.M. Wilson has promoted Stacey Kiser to manager of Personal Lines and assistant manager of Property/Casualty. She will oversee the day-to-day activities of the...
S&P: Global Risks Mean Some Changes in Store for P/C Insurers
Apr 10 2009 // In the midst of the financial turbulence, it’s easy to lose sight of longer-term trends. The economic downturn doesn’t necessarily mean the end of certain industries, but it does imply that there are some...
P/C Insurers Profitable in 2008; Take Hit From Catastrophes, Financial Crisis
Apr 9 2009 // Property/casualty insurers remained profitable in 2008 despite taking hits from several catastrophes, the recession and the ongoing financial crisis. P/C insurers earned $2.4 billion in net income after taxes in 2008, but...
Economic Downturn Presents Mixed Results for Workers’ Comp Market
Apr 6 2009 // The economic and financial downturn will have a mixed impact on the workers’ compensation insurance market, say industry analysts. Harry Shuford, chief economist for the National Council on Compensation Insurance...
Regulators: AIG Not Using Bailout Funds to Under-Price Insurance
Apr 6 2009 // Despite some complaints by competitors, American International Group (AIG) does not appear to be using federal bailout funds to lower its insurance prices to keep and attract business, state and federal officials told a...
