Latest Property Casualty Headlines
All the headlines from our Property Casualty Topic Page, ordered by recency.
Investor insights
May 22 2006 // Today, it’s not a fun time to be an insurance investor or analyst,” said Ray Joseph, vice president of Los Angeles-based Capital Research Co. Joseph should know; he is an investment analyst with research...
First quarter financial results upbeat, but some note disaster fallout
May 22 2006 // The financial results are in. Insurers generally had positive first quarters, although some were hurt by higher health care costs and continued fallout from last year’s natural disasters. Below are the financial...
U.S. insurers withstood record catastrophe losses in 2005
May 22 2006 // Strong capitalization, sound risk management and efficient global risk sharing enabled the U.S. property/casualty insurance industry to withstand record-setting catastrophe losses in 2005, according to Frank J. Coyne,...
Investor insights
May 22 2006 // Today, it’s not a fun time to be an insurance investor or analyst,” said Ray Joseph, vice president of Los Angeles-based Capital Research Co. Joseph should know; he is an investment analyst with research...
Avian Flu and the Property Casualty Industry
May 22 2006 // Insurance buyers are taking a close look at their insurance and risk management programs, looking for possible financial recourse in the event of an outbreak. It is therefore worthwhile to examine each line of coverage in...
U.S. insurers withstood record catastrophe losses in 2005
May 22 2006 // Strong capitalization, sound risk management and efficient global risk sharing enabled the U.S. property/casualty insurance industry to withstand record-setting catastrophe losses in 2005, according to Frank J. Coyne,...
News Currents
May 22 2006 // First quarter financial results upbeat, but some note disaster fallout The financial results are in. Insurers generally had positive first quarters, although some were hurt by higher health care costs and continued fallout...
High Net Worth Consumers Rank USAA, Chubb, and American Family Top Three P/C Insurers
May 19 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 Institute, an independent...
China’s P&C Insurer Licenses AIR’s Quake Cat Models
May 17 2006 // Boston-based AIR Worldwide Corporation announced that China’s PICC Property and Casualty Company Limited has licensed CLASIC/2™ and CATRADER®, AIR’s catastrophe risk management systems, to manage the...
Schmelzer to Head Insurance Guaranty Fund Group
May 16 2006 // The National Conference of Insurance Guaranty Funds (NCIGF) has selected a property/casualty trade association executive to serve as its next chief executive. Roger H. Schmelzer will begin his duties with the...
Allianz Posts $2.28 Billion Q1 Net Income; All Sectors Show Gains
May 15 2006 // Germany’s Allianz Group added its numbers to the growing list of companies recording strong first quarter results. The German giant posted €1.779 billion ($2.28 billion) net income for the period, a 34 percent...
IJ’s Top 100 Highlights Nation’s Largest Privately-Held Independent Agencies
May 15 2006 // Insurance Journal released its third annual Top 100 Property Casualty Independent Agencies list late last month and one of the nation’s largest networks of retail agencies came in as number one. Leading the pack of...
Agents Learn U.S. Insurers Withstood Record Catastrophe Losses with Strong Capitalization, Sound Risk Management
May 9 2006 // Strong capitalization, sound risk management and efficient global risk sharing enabled the U.S. property/casualty insurance industry to withstand record-setting catastrophe losses in 2005, but the industry also should keep...
Sound risk management, investment plus for insurers
May 8 2006 // U.S. property/casualty insurers managed to increase earnings and add to their capital base in 2005 despite record catastrophe losses, according to Insurance Services Office (ISO) and the Property Casualty Insurers...
People
May 8 2006 // Carol Sipe has been named vice president and general manager of operations; Francis “Fran” Graham has been named Southeast director of sales; and Chris Neyrey has been named Southwest director of sales and...
People
May 8 2006 // Frank Vaccaro was named vice president of Information Services for Dallas-based Republic Companies Group Inc. He will report to Parker Rush, Republic’s president and CEO. Vaccaro most recently was assistant vice...
Swett & Crawford Appoints New Staff Nationwide
May 5 2006 // Swett & Crawford has announced new additions to their staff in offices nationwide. Margaret Jacobs moves to the Swett & Crawford Chicago office as director, Healthcare Practice Group, from Aon Risk Services where...
S&P Annual Insurance Conference Scheduled for NYC in June
May 5 2006 // Standard & Poor’s Ratings Services announced that “Rethinking Risk” will be the theme of its 22nd annual insurance conference scheduled for June 5-6 in New York City. S&P said: “CEOs from...
Cramer & Giles Acquired by Beecher Carlson
May 5 2006 // Eugene-Oregon-based Cramer & Giles Insurance Inc. has been acquired by Beecher Carlson, an insurance brokerage and risk management consulting firm headquartered in Atlanta. Cramer & Giles has been merged with...
21%, 91%, 51% Rate Hikes Requested; S. Fla. Hearings Scheduled
May 3 2006 // The Florida Office of Insurance Regulation has scheduled rate hearings in May for three carriers, Hartford Insurance Co. of the Midwest, Florida Peninsula Insurance Company, and United Property and Casualty. Hartford...
