Latest Property Casualty Headlines
All the headlines from our Property Casualty Topic Page, ordered by recency.
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...
Bickmore Risk Services Names Director of P/C Actuarial Services
Jul 23 2007 // Bickmore Risk Services, a Sacramento, Calif.-based independent risk management consulting firm, has appointed Michael S. Harrington to director, Property and Casualty Actuarial Services. Harrington will coordinate the...
U.S. P/C INSURERS PAY $2.1 BILLION IN CAT LOSSES
Jul 23 2007 // U.S. property/casualty insurers are expected to pay homeowners and businesses an estimated $2.175 billion for second-quarter property losses resulting from a total of six catastrophes in 25 states — tying the record...
People
Jul 23 2007 // The Hartford Financial Services Group Inc. has named Thomas M. Marra to the newly created position of president and chief operating officer. Marra, currently a member of the company’s board of directors and president...
P/C industry net income, overall profitability slips
Jul 23 2007 // The U.S. property/casualty insurance industry’s net income after taxes dipped to $15.8 billion in first-quarter 2007 from $16.7 billion in first-quarter 2006 and $17.7 billion in first-quarter 2005, according to...
News Currents
Jul 23 2007 // Indiana insurer for mutual insurers, agents celebrates 20 years The blueprint for the company was originally conceived by an ad hoc task force of senior executive officers from several mutual property/casualty insurance...
People
Jul 23 2007 // The Hartford Financial Services Group Inc. has named Thomas M. Marra to the newly created position of president and chief operating officer. Marra, currently a member of the company’s board of directors and president...
Figures
Jul 23 2007 // $2.175 Billion U.S. property/casualty insurers are expected to pay homeowners and businesses an estimated $2.175 billion for second-quarter property losses resulting from six catastrophes in 25 states — tying the...
