Latest Property Casualty Headlines

All the headlines from our Property Casualty Topic Page, ordered by recency.

Safeco Reports Strong Profitability in Second Quarter

Aug 2 2006 // Seattle-based Safeco has reported second-quarter net income of $199.7 million, reflecting consistent, profitable underwriting performance across all major lines of business. According to the company, it initiated expense...

Best Reports P/C Underwriting Income Up 21% in 1st Quarter

Aug 2 2006 // The U.S. property/casualty industry’s underwriting income improved 21.0 percent to $8.3 billion in first quarter 2006 from $6.8 billion in first quarter 2005, according to a new special report by A.M. Best Co....

Infinity Property and Casualty Declares Quarterly Dividend

Jul 26 2006 // Infinity Property and Casualty Corp. of Birmingham, Ala. has declared a quarterly dividend of $0.075 per share of Infinity Property and Casualty Common Stock. The dividend is payable on Aug. 21, 2006 to holders of record...

Chubb Chugs Along in 2d Quarter; Raises Outlook for 2006

Jul 26 2006 // The Chubb Corporation reported that net income in the second quarter of 2006 was $598 million, or $1.41 per share, compared to $495 million, or $1.23 per share, in the second quarter of 2005. Operating income, which the...

ACE 2d Quarter Shows 6% Premium Growth; Better Combined Ratio

Jul 26 2006 // ACE Limited has reported net income for the second quarter ended June 30, 2006 of $573 million or $1.72 per common share after payment of preferred dividends, compared with net income of $467 million or $1.58 per share for...

Donelon orders insurers to extend hurricane claims period in Louisiana

Jul 24 2006 // Just over a month after asking insurers in his state to voluntarily do so, Louisiana Commis-sioner of Insurance Jim Donleon issued Directive 199 mandating that all companies insuring property in Louisiana extend the period...

U.S. property/casualty industry posts record 1Q profits

Jul 24 2006 // The U.S. property/casualty industry’s net gain on underwriting rose $1.4 billion, or 20.8 percent, to $8.4 billion in first-quarter 2006 from $6.9 billion in first-quarter 2005. The combined ratio–a key measure...

P/C market takes hold of rapidly developing identity theft solutions

Jul 24 2006 // In today’s marketplace insurers are moving towards a case-managed, victim advocacy approach with far less emphasis placed on the restoration of expense reimbursements. Identity-related fraud is a virulent crime, with...

Fidelity National P/C acquires Southern Family flood policies

Jul 24 2006 // Fidelity National Property and Casualty Insurance Co. has received approval from the Circuit Court of Florida to purchase all of the existing flood insurance policies of Southern Family Insurance Co. through the Florida...

Optional federal charter is needed

Jul 24 2006 // Editor’s note: The following excerpt is edited from an oral statement made by Joseph J. Beneducci, president of Fireman’s Fund at the Senate Banking, Housing and Urban Affairs Committee’s July 11 hearing...

Optional federal charter is needed

Jul 24 2006 // Editor’s note: The following excerpt is edited from an oral statement made by Joseph J. Beneducci, president of Fireman’s Fund at the Senate Banking, Housing and Urban Affairs Committee’s July 11 hearing...

U.S. property/casualty industry posts record 1Q profits

Jul 24 2006 // News Currents The U.S. property/casualty industry’s net gain on underwriting rose $1.4 billion, or 20.8 percent, to $8.4 billion in first-quarter 2006 from $6.9 billion in first-quarter 2005. The combined...

Optional federal charter is needed

Jul 24 2006 // Editor’s note: The following excerpt is edited from an oral statement made by Joseph J. Beneducci, president of Fireman’s Fund at the Senate Banking, Housing and Urban Affairs Committee’s July 11 hearing...

Optional federal charter is needed

Jul 24 2006 // Editor’s note: The following excerpt is edited from an oral statement made by Joseph J. Beneducci, president of Fireman’s Fund at the Senate Banking, Housing and Urban Affairs Committee’s July 11 hearing...

Minn. Western National Named to Ward’s 2006 Top 50

Jul 19 2006 // Minnesota-based Western National Insurance Group has been named to the 2006 Ward’s 50 group of top performing property/casualty companies in the United States. The designation recognizes Western National for...

Langford Honored With Raymond Mauk Award

Jul 14 2006 // James Langford, an assistant vice president at the Texas Farm Bureau Insurance Companies, was presented the Raymond Mauk Leadership Award July 13, at the 14th Annual Mid-Year Property and Casualty Symposium. Langford...

Rockwood Introduces E&O Coverage for New P/C Agents

Jul 11 2006 // Rockwood Programs has recently partnered with certain underwriters at Lloyds of London to offer professional liability coverage specifically for property casualty agents licensed less than three years. “Our...

Sen. Sununu Opens Hearings on Federal Regulation of Insurance

Jul 11 2006 // U.S. Senator John Sununu (R-NH), who introduced the National Insurance Act of 2006 with Senator Tim Johnson (D-SD) on April 5, 2006, opened hearings today on the controversial legislation that would allow life and...

Insurer Group Supports State Regulation at Senate Hearing

Jul 11 2006 // The National Association of Mutual Insurance Companies (NAMIC) is convinced that insurance regulatory reform at the state level is the best and safest course for consumers and insurers alike, said a Namic witness in...

La. Commissioner Orders Insurers to Extend Hurricane Prescription Period

Jul 11 2006 // Just over a month after he asked insurance companies in his state to voluntarily do so, Louisiana Commissioner of Insurance Jim Donleon issued Directive 199 mandating that all companies insuring property in Louisiana...