Latest Property Casualty Headlines

Citizens’ Reps Appeal to Florida Agents for Help, Cooperation

Jun 20 2006 // Citizens Property Insurance Co. officials recently told agents meeting in Orlando that Florida’s insurer of last resort is “as ready as they are going to be,” to face the 2006 hurricane season. Paul...

Things that should keep you awake at night

Jun 19 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...

Jun 19 2006 // People PMA Insurance Group has promoted Elaine Manchon to assistant vice president for commercial markets underwriting. Manchon, who will join PMA’s corporate headquarters staff in the company’s Blue Bell,...

Things that should keep you awake at night

Jun 19 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...

New Property and Casualty Insurer Opens in Irving, Texas!

Jun 16 2006 // Irving, Texas – A new Property and Casualty insurer, Homeowners of America Insurance Company, has opened in Irving, Texas. Homeowners is a Texas company specializing in protecting residential property for Texans. In...

AXA, Credit Suisse Agree on $10 Billion Winterthur Sale

Jun 14 2006 // This time around the AXA Group and Credit Suisse lost no time in coming to an agreement to sell Winterthur, the Swiss bank’s insurance division, to the French insurer for CHF 12.3 billion (around $10 billion –...

Best Affirms AXA Canada P/C Subsidiaries Ratings; Revises Outlook to ‘Stable’

Jun 14 2006 // A.M. Best Co. has affirmed the financial strength ratings (FSR) of several of AXA Canada Inc.’s property/casualty insurance subsidiaries, as follows: the FSR of “A” (Excellent) of AXA Assurances Inc....

Windstorm Insurance May Be Problem as Hurricane Season Begins

Jun 12 2006 // U.S. commercial real estate (CRE) values in coastal areas, and in particular smaller multifamily properties, may suffer as insurance companies reduce loss exposure to hurricane-prone areas by increasing premiums, raising...

Fla. Rep. Waters: Hurricane Party Mentality Has Been Replaced by Hurricane-Stress

Jun 6 2006 // The hurricane party mentality is gone, replaced by hurricane stress, Rep. Leslie Waters, R-Pinellas, told the Florida Suncoast Chapter of the Chartered Property and Casualty Underwriters at the group’s June 5 meeting...

“Well Heeled” consumers rank USAA, Chubb, American Family

Jun 5 2006 // USAA significantly outperformed its rivals in the property and casualty insurance category, according to a new Luxury Customer Experience Index survey (LCEI) from the New York-based Luxury Insti-tute, an independent...

Hartwig predicts profitable 2006, sees premium growth grinding to a halt

Jun 5 2006 // The last 24 months have been traumatic for the insurance industry, but the profit picture for 2006 is quite good in the industry overall, Robert P. Hartwig, Insurance Information Institute senior vice president and chief...

“Well Heeled” consumers rank USAA, Chubb, American Family

Jun 5 2006 // USAA significantly outperformed its rivals in the property and casualty insurance category, according to a new Luxury Customer Experience Index survey (LCEI) from the New York-based Luxury Insti-tute, an independent...

Andrade to Lead The Hartford’s P&C Claims

Jun 2 2006 // The Hartford Financial Services Group, Inc. has selected Juan C. Andrade to be executive vice president and head of the Property and Casualty Operations’ claims organization. Andrade, who is currently the deputy head...

Crump Opens Austin Office, Adds Marquart in Dallas

Jun 2 2006 // Crump Insurance Services of Houston Inc. announced the opening of a new branch office in Austin, Texas. Crump Austin will provide specialized insurance programs for high hazard businesses nationwide. The Austin team,...

Max Re Q1 Net $72.9 Million; Conference Call Today, Details

Jun 1 2006 // Bermuda- based Max Re Capital Ltd. has released its delayed results for the first quarter of 2006, which show net income of $72.9 million, or $1.15 per diluted share, compared to $37.7 million, or 75 cents per diluted...

Hanover Insurance Group Rates Positive Outlook, Say S&P

Jun 1 2006 // Standard & Poor’s Ratings Services has revised its outlook on Hanover Insurance Group Inc. and its operating company subsidiaries to positive from stable. At the same time, Standard & Poor’s affirmed...

P/C Insurers’ Investment Strategy Focused on Cycle Management

May 30 2006 // Cycle management is the key driver of property/casualty insurance company investment strategies today, according to a new study by Conning Research and Consulting, Inc. “Regardless of size or underwriting focus, P/C...

National Insurance Partners Launches Agency Partnering Strategy

May 26 2006 // Texas-based property and casualty brokerage firm National Insurance Partners (NIP) announced the launch of an acquisition and partnering plan. The company’s announcement follows the completion of a private equity...

What Happens If P/C Industry Catches the Flu; Program Best Practices; Giant Program Guide Highlight IJ Magazine

May 23 2006 // The potential exposures for the property casualty insurance industry have fallen under the radar in the discussions of the effects of an Avian flu or other pandemic. Most people keeping watch on the possible effects have...

Infinity Property and Casualty to Webcast Shareholders’ Meeting

May 22 2006 // Infinity Property and Casualty Corp., of Birmingham, Ala., will broadcast a live Internet broadcast of its 2006 annual meeting of shareholders May 23 at 11 a.m. (ET). To listen to the live broadcast, go to Infinity’s...