Latest Property Casualty Headlines
All the headlines from our Property Casualty Topic Page, ordered by recency.
People
Sep 3 2007 // Jeffrey M. Mohr of Lewis Mohr Real Estate and Insurance Agency LLC in Baton Rouge, La., was named president of the Independent Insurance Agents and Brokers of Louisiana. Mohr previously served as president-elect and...
P/C Insurers Must Diversify Products, Distribution, Says IBM Study
Aug 28 2007 // U.S. consumers want insurance companies to more effectively communicate new products and services available to them, provide tailored policies and services to better meet their needs, and bring their customer experience up...
Liberty Mutual Realigns Agency Companies to Welcome Ohio Casualty
Aug 27 2007 // Boston-based Liberty Mutual Group finalized its acquisition of Ohio Casualty Corp. on Friday, Aug. 24, 2007 and immediately announced a realignment of its $5.9 billion net premium regional agency company organization to...
Oregon Legislature Passes Several P/C Insurance-Related Bills
Aug 24 2007 // The 2007 Oregon Legislature has passed a number of bills relating to insurance. The bills affecting property/casualty insurance include: *SB 183 (ch 574) Premium relief to rural doctors for professional medical liability...
The Blame Game and the Subprime Mortgage Lending Meltdown
Aug 22 2007 // The subprime mortgage lending blame game is in full swing — with people arguing about who’s at fault for mortgage defaults, bond losses and lender failures — but “we’re only in the very top of the...
S&P Forecasts a ‘Challenging Environment’ for Global P/C Insurers
Aug 22 2007 // Standard & Poor’s Ratings Services has issued a report entitled “Global Multiline Insurers Brace For A Testing Second-Half 2007 As Property/Casualty Market Languishes,” on its RatingsDirect service....
Reinsurance Association of America To Host Eduational Seminar in West
Aug 17 2007 // For the first time in its history, the Reinsurance Association of America (RAA) will be conducting an educational seminar on the West Coast, desiged to reach a potentially large audience of attendees. According to RAA, its...
S&P Reports on Australian P/C Insurers
Aug 16 2007 // A new report from Standard & Poor’s Ratings Services notes that “from October 2006 to August 2007, the Australian non-life [P/C] insurance industry underwent a deluge of activity that is changing the...
S&P Reports New Zealand P/C Insurers Still Face Price Pressures
Aug 16 2007 // A new report from Standard & Poor’s Ratings Services notes that the New Zealand non-life (P/C) insurance industry is still on a downward pricing cycle that has yet to correct. The report entitled, “Pursuit...
Best Reviews National Financial Rating
Aug 10 2007 // A.M. Best Co. has placed the financial strength ratings (FSR) of “A-” (Excellent) and issuer credit ratings (ICR) “a-” of New York-based National Financial Group and its members, as well as its...
Commerce Insurance, Commerce Banc Pursue Partnership Over Lawsuit
Aug 9 2007 // The Commerce Group, Inc., a property/casualty insurer based in Webster, Mass., and Commerce Banc Insurance Services of Cherry Hill, New Jersey, report they have reached an agreement to explore partnership opportunities in...
The Hartford settlement ends agents’ contingent commissions
Aug 6 2007 // The Hartford Financial Services Group Inc. announced it has reached a settlement with the New York, Connecticut and Illinois attorneys general resolving matters relating to their investigations of the compensation...
COMMERCIAL P/C PRICES STILL DROPPING, RISK MANAGER SURVEY FINDS
Aug 6 2007 // Commercial insurance premiums continued to decline during the second quarter of 2007, according to the RIMS Benchmark Survey, a survey of current policy renewal prices as reported by corporate risk managers. RIMS Benchmark...
Agents Errors & Omissions
Aug 6 2007 // If ever there was a time for insurance agents to get out and go looking for a better errors and omissions policy, this is the season. Agents who do will come across several admitted carriers that are welcoming new business...
Commercial Lines Leaders
Aug 6 2007 // About the Commercial Lines Leaders: The Commercial Lines Leaders in this special feature are taken from Insurance Journal’s Top 100 Property Casualty Independent Agencies as reported in April. This list utilizes only...
Agents in E&O Buyer’s Seat
Aug 6 2007 // If ever there was a time for insurance agents to get out and go looking for a better errors and omissions policy, this is the season. Agents who do will come across several admitted carriers that are welcoming new business...
The Hartford settlement with attorneys general ends agents’ contingent
Aug 6 2007 // The Hartford Financial Services Group Inc. announced it has reached a settlement with the New York, Connecticut and Illinois attorneys general resolving matters relating to their investigations of the compensation...
Texas’ June Enforcement Actions Result in $190K in Fines, Restitution
Jul 31 2007 // Enforcement actions taken by Texas Insurance Commissioner Mike Geeslin that became final during June resulted in nearly $191,000 in fines and restitution, the Texas Department of Insurance announced. The actions include...
III Promotes Weisbart to Chief Economist
Jul 30 2007 // Dr. Steven N. Weisbart, vice president and economist for the Insurance Information Institute, has been named chief economist of the organization, announced Dr. Robert P. Hartwig, president of the III. Weisbart will oversee...
Indiana insurer for mutual insurers, agents celebrates 20 years
Jul 23 2007 // The blueprint for the company was originally conceived by an ad hoc task force of senior executive officers from several mutual property/casualty insurance companies in response to the liability insurance crisis of the...
