Latest Property Casualty Headlines
All the headlines from our Property Casualty Topic Page, ordered by recency.
Ironshore Creates U.S. P/C Operation Run By Former AIG Execs
Jan 22 2009 // Ironshore Inc. has appointed Steven England as executive vice president responsible for running its newly created U.S. Property/ Casualty underwriting operations based in St. Louis, Missouri. The new unit, Ironshore...
Private, Independent and Free
Jan 11 2009 // Ohio-based The Hylant Group Has 12 Locations But Only One Philosophy — Give Customers and Staff What They Need to Succeed Top 100 Agency Profile RANKING: No. 7 Agency Name: The Hylant Group Headquarters: Toledo,...
2008: Top Stories of the Year
Jan 5 2009 // 2008 can be described as a year like no other in the property/casualty insurance world. This year we saw the near death of the world’s largest and most successful insurance company, AIG. The soft market continued to...
After Stormy 2008, P/C Industry Facing Uncertainty in New Year
Jan 5 2009 // Ask agents and executives in the insurance industry about the new year and they’ll say they expect that the market will harden, at least slightly. In fact, 73 percent of agents predict prices will firm, according to...
Best Affirms Chubb and Subsidiaries ‘A++’ Ratings
Dec 29 2008 // A.M. Best Co. has affirmed the financial strength rating (FSR) of A++ (Superior) and issuer credit ratings (ICR) of “aa+” of the Chubb Group of Insurance Companies and its P/C members. Best also affirmed the...
Best Removes Hartford from Review; Affirms ‘A+’ Ratings
Dec 29 2008 // A.M. Best Co. has removed from under review with negative implications and affirmed the financial strength ratings of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa-” of the key life/health...
2008: A Year of Financial Storms
Dec 21 2008 // 2008 can be described as a year like no other in the property/casualty insurance world. This year, the industry witnessed the near death of the world’s largest and most successful insurance company, AIG. The soft...
After Stormy 2008, P/C Industry Facing Uncertainty in New Year
Dec 21 2008 // Agents Wish for Firmer Pricing, Higher Commissions, Solid Client Retention, Unity on Legislation Ask agents and executives in the insurance industry about the coming year and they’ll say they expect that the market...
Lost Bid Surveys Reveal Reasons Behind No-Sales
Dec 21 2008 // Learn From Your Past Sales Mistakes There is always some type of reasoning behind why a hesitant commercial prospect won’t buy their policies from you. Maybe it’s one of those dating things, where the declining...
P/C Profits to Plunge 80% in 2009: Fitch
Dec 19 2008 // The U.S. property/casualty insurance industry is enduring tremendous challenges in 2008 as underwriting and investment losses have promoted a sharp decline in earnings and a material reduction in industry capital. Next...
Zurich Names Terryn P/C COO
Dec 19 2008 // The Zurich Financial Services Group announced the appointment of Kristof Terryn (40, Belgian citizen) to the position of Chief Operating Officer for General Insurance (GI), effective January 1, 2009. “In this newly...
Industry Profits Dove Massively through First Nine Months of 2008
Dec 16 2008 // After-tax profits for the U.S. property and casualty industry through the first nine months of the year were $4.1 billion — a 91.8 percent decline from the $50 billion in profits earned the same period a year ago,...
Gallagher & Co. Acquires Treiber Agencies
Dec 10 2008 // Itasca, Ill.-based Arthur J. Gallagher & Co. recently announced the acquisitions of The Treiber Group LLC and Treiber Agency Group LLC, both located in Garden City, N.Y. Terms of the transactions were not...
Ace Europe Names Duncan to Head P/C Unit in Ireland
Dec 5 2008 // ACE Europe has appointed Jim Duncan as Property & Casualty Country Manager for Ireland, based in its Dublin office. He will assume full management responsibility for ACE’s P&C product lines distributed...
Mississippi Insurance Chief Chaney Reports Progress in Rebuilding Markets
Dec 3 2008 // One year after he was elected, Mississippi Insurance Commissioner Mike Chaney says his state has made progress in rebuilding its insurance markets that were ruined by the 2005 hurricanes. Mississippi has done this by...
BC Law Gets $3.1M from Liberty Mutual for P/C Insurance Professorship
Dec 1 2008 // Boston College Law School has received a $3.1 million gift from Liberty Mutual Group that will be used to establish a professorship in property and casualty insurance law. The gift, to be paid over four years, is the...
The Importance of Being Earnest
Nov 30 2008 // Insurance Agency Profile Agency Name: SullivanCurtisMonroe Headquarters: Irvine, Calif. Year Founded: 1931 Additional Locations: Corona and Pasadena, Calif. Total Property/Casualty Premium Volume for 2007: $186.6...
Insurance Information Network Of California Offers Fire Victims Recovery, Claims Info
Nov 18 2008 // With displaced residents of the Southern California fires now returning to their neighborhoods, several home and business owners are now finding themselves facing dozens of questions before they rebuild. To help navigate...
Hartford, 3 Other Insurers Seek to Buy Thrifts to Obtain Bailout Funds
Nov 17 2008 // Four insurance companies on Friday asked the government to allow them to buy thrifts so they can qualify to receive federal money under the financial rescue program. Hartford Financial Services Group Inc., Genworth...
Iroquois Expands Managing Partner’s Region to Kansas and Missouri
Nov 17 2008 // The Iroquois Group recently announced that Managing Partner Philip Dawson’s management responsibilities have been expanded to incorporate the states of Kansas and Missouri. He currently handles Iroquois’ Great...
