Latest Property Casualty Headlines
All the headlines from our Property Casualty Topic Page, ordered by recency.
Texas Attorney Honored with ICT’s Raymond Mauk Award
Jul 13 2007 // Richard S. “Dick” Geiger, general counsel of the law firm of Thompson, Coe, Cousins and Irons, was presented the Raymond Mauk Leadership Award Thursday, July 12 in Austin, at the 15th Annual Mid-Year Property...
Ark. Reminds Insurers not to Penalize Armed Services Personnel
Jul 13 2007 // The Arkansas Insurance Department issued a directive to property and casualty carriers issuing policies containing “occupancy” requirements in their underwriting standards that could adversely impact insurance...
Born in Crisis, Insurer for Mutual Insurers, Agents Marks 20th Year
Jul 12 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...
U.S. P/C Insurers’ Paid $2.1 Billion for 2d Quarter Catastrophes
Jul 10 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 for...
CSC Names Fogle to Head Sales to Property and Casualty Industry
Jul 10 2007 // Computer Sciences Corp. based in El Segundo, Calif., announced that Lee Fogle has joined the company as vice president of sales for the property and casualty (P&C) insurance market in the Americas. He reports to Ray...
A.M. Best: P/C Industry Posts 1Q Underwriting Profit
Jul 9 2007 // The U.S. property/casualty industry followed record profits in 2006 with continued favorable trends in first quarter 2007, posting net income after taxes of $16.7 billion. An underwriting gain of $8.0 billion and net...
S&P: Korean P/C Outlook Stable
Jul 5 2007 // “The outlook on rated Korean non-life insurers remains stable,” says a report from Standard & Poor’s Rating Services, “reflecting the expectation that underwriting performance may gradually...
S&P Raises Fondaria-SAI Ratings
Jul 5 2007 // Standard & Poor’s Ratings Services has raised its long-term counterparty credit and insurer financial strength ratings on Italian composite insurance group Fondiaria-SAI SpA and its core subsidiary, Milano...
Mich. North Pointe Acquires Capital City Holdings Company
Jul 5 2007 // Mich.-based North Pointe Holdings Corp. announced that it has closed its acquisition of Capital City Holding Company, Inc. The transaction included the purchase of a property and casualty insurance holding company located...
Small business owners’ needs run large
Jul 2 2007 // Agents can serve as partners to satisfy the demands of running today’s small business Small business is big and getting bigger. Some 6.4 million businesses with one to 20 employees now contribute to our economy, and...
P/C insurers invest $320 billion in public projects
Jul 2 2007 // The insurance industry holds investments in municipal bonds worth more than $320 billion, investments that help fund construction of schools, roads, and hospitals, and support a variety of other public sector activities,...
P/C insurers invest $320 billion in public projects
Jul 2 2007 // The insurance industry holds investments in municipal bonds worth more than $320 billion, investments that help fund construction of schools, roads, and hospitals, and support a variety of other public sector activities,...
Small business owners’ needs run large
Jul 2 2007 // Small business is big and getting bigger. Some 6.4 million businesses with one to 20 employees now contribute to our economy, and this segment continues to grow at a record pace. Everyone — the college graduate, the...
P/C Industry Net Income, Overall Profitability Slip in 1Q 2007
Jun 28 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...
Best Lists ‘Public Information” Ratings on 52 Canadian P/C Companies
Jun 25 2007 // A.M. Best Co. has released a list of ratings on a number of Canadian P/C insurers, based on publicly available financial information. “These ratings are based solely upon public information and present the most...
Gramercy Insurance Company Selects NetRate Systems Rating System
Jun 21 2007 // To Improve Efficiency and Speed with Commercial Lines Quotes ATLANTA, GA and OKEMOS, MI – NetRate Systems, Inc., a leader in Property & Casualty Rating and Applications software, announces an agreement to...
P/C Insurers Invest $320 Billion in Public Projects Including Schools
Jun 20 2007 // The insurance industry holds investments in municipal bonds worth more than $320 billion, investments that help fund construction of schools, roads, and hospitals, and support a variety of other public sector activities,...
Strength in Numbers
Jun 18 2007 // Today’s demands on independent agents are plentiful: competition, risk management, compensation disclosure, quality markets and carrier’s demands for premium quotas, to name a few. Such demands could be one...
Lancashire Enters S.C. Property and Casualty Market
Jun 15 2007 // Lancashire Insurance Co. Ltd. gained approval to provide insurance coverage on an excess and surplus basis for properties located in South Carolina. Lancashire intends to focus primarily on coastal windstorm and earthquake...
Best Affirms AIG’s ‘Superior’ Ratings
Jun 14 2007 // A.M. Best Co. has affirmed the financial strength ratings of American International Group Inc. and a number of companies that are part of AIG, as follows: — AIG’s life and retirement services subsidiaries...
