Latest Property Casualty Headlines
All the headlines from our Property Casualty Topic Page, ordered by recency.
Starr International Buys Texas-based P/C Insurer from Berkshire Hathaway
Oct 3 2007 // Starr International Co. Inc. announced its U.S. subsidiary, Starr International USA Inc. (SICO USA), acquired Republic Insurance Co. from Columbia Insurance Co., a member of Warren Buffett’s Berkshire Hathaway...
Minn. Department Adds New Technology for Product Filing Process
Oct 2 2007 // Companies will have an easier time searching a database for property/casualty products. The Minnesota Department of Commerce Commissioner Glenn Wilson announced on Friday, Sept.28th that the department has launched its...
U.S. P/C Insurers’ Reserving Likely To Remain Prudent, S&P Says
Oct 1 2007 // Will increased competition and lower pricing lead U.S. property/casualty insurers to skimp on reserves? Not according to a report published by Standard & Poor’s Ratings Services. The article, “For U.S....
Health Insurance Tops Conn. Consumer Complaints; P/C Generates 19%
Sep 28 2007 // More than $1 million was recovered on behalf of consumers by the Connecticut Insurance Department’s Consumer Affairs Division during the second quarter, according to Insurance Commissioner Thomas R. Sullivan. The...
R&M Adds Datamonitor Global P/C Insurance Report
Sep 25 2007 // Dublin-based Research and Markets has added Datamonitor’s new report: “Global Non-life Insurance” to their offering. R&M said its “Global Non-life Insurance industry profile is an essential...
P/C Insurers’ Underwriting Results, Profitability Slip in First-Half 2007
Sep 25 2007 // The U.S. property/casualty insurance industry’s overall profitability as measured by its annualized rate of return on average policyholders’ surplus (or statutory net worth) slipped to 13.1 percent in...
Ohio Casualty officially joins the Liberty Mutual agency family
Sep 24 2007 // With $7.3 billion in premium, Liberty Mutual Agency Markets becomes the largest regional independent agency force Boston-based insurance giant Liberty Mutual Group is now the largest regional provider of property and...
Insurance industry bullish on coming year’s consolidation
Sep 24 2007 // Executives more optimistic about life/health insurance than property/casualty sector Insurance executives expect to see a significant increase in mergers and acquisitions in the next 12 months, according to a survey...
Insurers have manageable exposure to subprime turmoil, report says
Sep 24 2007 // The vast majority of U.S. insurers have little or no exposure to the volatility in the subprime mortgage market because a substantial percentage of their investments are in the highest-rated bonds or stocks with no direct...
People
Sep 24 2007 // The National Association of Professional Surplus Lines Offices selected officers and directors for the trade association’s 2007-2008 term. The new officers are: President – Mary Ellen Rozzell,...
Insurance industry bullish on coming year’s consolidation
Sep 24 2007 // Insurance executives expect to see a significant increase in mergers and acquisitions in the next 12 months, according to a survey conducted by KMPG LLP. In the next one to three years, most respondents believe the...
News Currents
Sep 24 2007 // Oregon passes motor vehicle, P/C insurance-related bills The 2007 Oregon Legislature has passed a number of bills relating to property/casualty insurance, including several dealing with motor vehicle liability...
R&M Publishes ‘Snapshot’ of Canadian P/C Market
Sep 21 2007 // Research and Markets has added “Snapshots Canada Non-Life Insurance 2007” to their offering, as part of the research firm’s Snapdata series. The report “provides 2005 year-end market size data, with...
Rating Recap: Taiwan (P/C) Industry
Sep 19 2007 // Standard & Poor’s Ratings Services has released a new report, which examines Taiwan’s P/C insurance sector. S&P said the general outlook is “stable, reflecting the likelihood of continued...
Insurers Have Manageable Exposure to Subprime Turmoil
Sep 18 2007 // The vast majority of U.S. insurers have little or no exposure to the volatility in the subprime mortgage market because a substantial percentage of their investments are in the highest-rated bonds or stocks with no direct...
Wis. Capitol Launches New Specialty Markets Division
Sep 18 2007 // Middleton, Wis.-based Capitol today announced the formation of its new Specialty Markets Division. The focus of the division will be specialty property and casualty insurance programs throughout the U. S. The division will...
SCRMA Adds P/C Claims Administration
Sep 14 2007 // Southern California Risk Management Associates (SCRMA) has added property and casualty claims administration to its suite of workers’ compensation and managed care services. SCRMA now offers an array of property and...
Sept. 11 is Reminder of Need for Terror Reinsurance, Say P/C Insurers
Sep 11 2007 // Six years after September 11, 2001, the threat of terrorist attack remains a source of tremendous uncertainty for the United States economy, with potentially negative consequences for both business interests and...
S&P: North American Insurance Holding Cos. Face Challenges
Sep 10 2007 // In a new report – “North American Insurance Holding Companies Brace For Year-End 2007 -” Standard & Poor’s Ratings Services examines the status of the various insurance sectors: life,...
Crump Adds Tuley as P/C Broker in Houston Office
Sep 10 2007 // Crump Insurance Services Inc. has added David Tuley as a property/casualty broker in its Houston office, the company announced. In addition to property and general liability risks, Tuley will work on excess and umbrella...
