Latest Property Casualty Headlines
All the headlines from our Property Casualty Topic Page, ordered by recency.
Henson Joins MHBT as VP in Property/Casualty Group
Apr 19 2007 // McQueary Henry Bowles Troy L.L.P. (MHBT) announced that David Henson has joined its Dallas office as vice president in the property and casualty group. Having spent 20 years in the insurance business, Henson brings a deep...
Report Details P/C Insurers’ 2006 Proftability, Escape from Storms
Apr 18 2007 // Another report on the insurance industry confirms and details what has been widely acknowledged: a sharp decline in catastrophes in 2006 contributed to improved underwriting results for the year. The U.S. property/casualty...
Winn & Co. Hires Miner for P/C Team
Apr 17 2007 // Craig Miner has joined the Property Casualty Team of Winn & Co. based in Hollister, California. His primary focus will be in sales and client retention. Prior to joining Winn, Miner worked at a regional brokerage firm...
Ark. Commissioner Speaks to Senate Committee on State of P/C Industry
Apr 12 2007 // Arkansas Insurance Commissioner Julie Benafield Bowman testified before the United States Senate Committee on Commerce, Science and Transportation on April 11 on the overall state of the property/casualty insurance market...
Identity theft: A “catch phrase for the new millennium”
Apr 9 2007 // Contrary to popular opinion and despite well-publicized security breaches at governmental entities and major corporations, the primary methods of confiscating information necessary to commit identity theft are...
Insurers fight impression their big profits are at claimants’ expense
Apr 9 2007 // The headline numbers were eye-popping: Allstate reported a record $5 billion profit for 2006. State Farm Insurance’s profit climbed 65 percent. St. Paul Travelers’ earnings rose sixfold in the fourth quarter,...
Identity theft: A “catch phrase for the new millennium”
Apr 9 2007 // Contrary to popular opinion and despite well-publicized security breaches at governmental entities and major corporations, the primary methods of confiscating information necessary to commit identity theft are...
A.M. Best cites 15 P/C insurers as financially impaired in 2006
Apr 9 2007 // Seventeen U.S. insurance companies became financially impaired in 2006, despite a respite for property/casualty insurers from two consecutive turbulent hurricane seasons and more diversified asset portfolios among...
Insurers Reject Critics Who Say Big Profits Are at Claimants’ Expense
Mar 28 2007 // The headline numbers were eye-popping: Allstate reported a record $5 billion profit for 2006. State Farm Insurance’s profit climbed 65 percent for the year. St. Paul Travelers’ earnings rose sixfold in the...
A.M. Best Cites 15 P/C Insurers as Financially Impaired in 2006
Mar 27 2007 // Seventeen U.S. insurance companies became financially impaired in 2006, despite a respite for property/casualty insurers from two consecutive turbulent hurricane seasons and more diversified asset portfolios among...
People
Mar 26 2007 // Louisiana Workers’ Compensation Corporation (LWCC) hired William B. Bangs IV as vice president of agency relations. In this position, Bangs will plan, direct and coordinate agency relations with insurance agents...
A.M. Best says commercial P/C outlook stable
Mar 26 2007 // Pricing remains rational for now despite increasing competition A.M. Best Co. has completed its assessment of the U.S. commercial market and revised the outlook to stable from negative for 2007. Although Best says there...
A.M. Best says commercial P/C outlook stable
Mar 26 2007 // News Currents A.M. Best Co. has completed its assessment of the U.S. commercial market and revised the outlook to stable from negative for 2007. Although Best says there continues to be evidence of pricing deterioration,...
AXA to Buy Korean Direct Auto Insurer
Mar 19 2007 // France’s Axa Group announced that it has reached an agreement with Kyobo Life to acquire its 75 percent stake in Kyobo Auto, a major South Korean direct automobile insurer. The announcement did not state the purchase...
Agents and Brokers: Extended Deadline to Submit for IJ’s Top 100, March 21
Mar 14 2007 // Insurance Journal’s search for the nation’s top independent insurance agencies and brokerages is winding down with just a couple of days left for qualified firms to send in their entry forms. The exteneded...
State Farm announces $1.2 Billion mutual auto policyholder dividend
Mar 12 2007 // State Farm Mutual Automobile Insurance Co. recently announced it will pay $1.25 billion in dividends to its mutual auto insurance policyholders in 46 states, the District of Columbia and the Canadian province of New...
Identity theft: A ‘catch phrase for the new millennium’
Mar 12 2007 // Contrary to popular opinion and despite well-publicized security breaches at governmental entities and major corporations, the primary methods of confiscating the information necessary to commit identity theft turn out to...
Insurance Journal’s Exclusive Agency Salary Survey
Mar 12 2007 // More independent insurance agencies gave salary increases in 2006 than in 2005, but still nearly half of all agency salaries nationwide stayed right where they were compared to 2005. On the other hand, producer commission...
Compensation for employee benefits staff should mirror commercial lines
Mar 12 2007 // In our travels as consultants to the insurance industry, we have noticed that one of the more elusive “standards” or “norms” is compensation for employee benefits producers and staff. The difficulty...
A.M. Best likes what it sees in property/casualty personal lines segment
Mar 12 2007 // Rating and industry analysts at A.M. Best are maintaining their stable outlook for the personal lines property/casualty segment in 2007 based on what they see as this sector’s continued favorable risk-adjusted...
