Latest Property Casualty Headlines
All the headlines from our Property Casualty Topic Page, ordered by recency.
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...
Texas P/C Symposium to Feature Former La. Commissioner
Jul 7 2006 // Former Louisiana Insurance Commissioner John Wooley will be the luncheon speaker at the 14th annual Mid-Year Property & Casualty Insurance Symposium in Austin, Texas, on July 13. Wooley served as commissioner during...
S&P Reports on Danish P/C Sector
Jul 6 2006 // A new report from Standard & Poor’s Ratings Services – “Non-Life Insurance Industry Risk Analysis: Denmark {Kingdom of}” – concludes that economic and industry risk are moderately low in...
News Briefs
Jul 4 2006 // EU Leaders Fiddle While Europe Burns: The crisis in the European Union, provoked when French and Dutch voters rejected the EU Constitution, is being largely ignored by Europe’s leaders. Instead of a bit of...
Federal insurance antitrust exemption: Insurer, consumer friend or foe?
Jul 3 2006 // Congress opened debate on the insurance industry’s exemption from federal antitrust laws, with some larger insurers indicating a willingness to relinquish the exemption in exchange for regulatory reform that would...
Things that should keep you awake at night
Jul 3 2006 // The integration of the U.S. insurance market and global financial market will have a profound impact on business, according to Dave Zwiener, president and chief operating officer of Property and Casualty Operations for The...
Federal insurance antitrust exemption: Insurer, consumer friend or foe?
Jul 3 2006 // Congress opened debate on the insurance industry’s exemption from federal antitrust laws, with some larger insurers indicating a willingness to relinquish the exemption in exchange for regulatory reform that would...
Texas Enforcement Actions in May Result in More than $224K in Fines
Jun 30 2006 // The Texas Department of Insurance announced enforcement actions taken by Commissioner Mike Geeslin that became final during May. The actions include eight license revocations and fines and restitution totaling...
Fidelity National P/C Acquires Southern Family Flood Fla. Policies
Jun 28 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...
U.S. P/C Industry Posts Record 1Q Profits; Net Gain on Underwriting Rises Nearly 21%
Jun 28 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...
Sandusky Joins MHBT as P/C Account Executive
Jun 27 2006 // McQueary Henry Bowles Troy LLP (MHBT), based in Dallas, announced that Jeremy Sandusky has joined the firm’s Dallas office as account executive in the property and casualty group. “We are pleased to welcome...
Federal Insurance Antitrust Exemption: Insurer, Consumer Friend or Foe?
Jun 22 2006 // Congress opened a fresh debate on the insurance industry’s exemption from federal antitrust laws this week, with some larger insurers indicating a willingness to relinquish the exemption in exchange for regulatory...
Best Upgrades ‘PD’ Ratings of 12 Canadian P/C Insurers
Jun 20 2006 // A.M. Best Co. has upgraded the public data (pd) financial strength ratings of 12 property/casualty Canadian insurers. The bulletin noted that “pd ratings are based solely upon public information and present the most...
