Latest Property Casualty Headlines
All the headlines from our Property Casualty Topic Page, ordered by recency.
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...
S&P Assigns SCOR Global ‘A-‘ Ratings; Affirms Group Ratings
May 3 2006 // Standard & Poor’s Ratings Services announced several rating actions concerning French reinsurer SCOR. S&P said it has assigned an indicative “A-” long-term insurer financial strength rating to...
ACE Posts $489 Million Q1 Net; to Host Conference Call
Apr 26 2006 // ACE Limited reported record net income for the first quarter ended March 31, 2006 of $489 million or $1.46 per common share after payment of preferred dividends, compared with net income of $437 million or $1.48 per share...
Unitrin Specialty® gets another “A”!
Apr 24 2006 // Strong Financials, Operating Performance gets thumbs up from Standard & Poor DALLAS, TEXAS – Standard and Poor’s Ratings Services affirmed its “A” financial strength ratings on Unitrin’s...
MHBT Appoints Ginn as Vice President in Property/Casualty Group
Apr 20 2006 // McQueary Henry Bowles Troy L.L.P. (MHBT) announced the appointment of Linda Ginn as vice president and account executive in the property and casualty group in the firm’s Dallas office. “Linda brings to the MHBT...
Survey: Commercial P/C Rates Hold Flat or Drop Slightly
Apr 20 2006 // Commercial property/casualty rates were flat or fell slightly during the first quarter of 2006, with renewal premiums for half of all account sizes holding steady or dropping between 1 percent to 10 percent in the first...
Ohio-Based The Midland Company Reports First Quarter Results
Apr 20 2006 // Cincinnati-based The Midland Company, a provider of specialty insurance products and services, announced record results for the first quarter ending March 31, 2006, according to a written statement issued this week. The...
Fla. Slates Hearings on Cypress P/C’s Rate Requests
Apr 19 2006 // The Florida Office of Insurance Regulation will be conducting rate hearings April 25 in Palm Beach Gardens for input from the public concerning rate filings by Cypress Property and Casualty Insurance Company, which is...
Sound Risk Management, Strong Investment Results Prove Positive for P/C Industry
Apr 18 2006 // U.S. property/casualty insurers managed to increase earnings and add to their capital base in 2005 despite record catastrophe losses, according to ISO and the Property Casualty Insurers Association of America (PCI). Sound...
People
Apr 17 2006 // Palisades Safety and Insurance Management Corporation, a New Jersey private passenger automobile insurer, announced that Ed Fernandez has assumed the role of president and CEO, effective immediately. Fernandez succeeds...
10 Deadly storms hit Midwest again in new round of tornadoes
Apr 17 2006 // Claim counts include March and April storms N1 U.S. tort costs reach a record $260 billion, study reports Cost exceeds other countries’ by large margin N1 Private companies at increased risk of liability...
People
Apr 17 2006 // Atlanta, Ga.-based BrightServ has appointed Michael Frank senior vice president, Insurance Services. His responsibilities include overseeing client requirements, managing client contractor programs and BrightServ processes...
Closer Look: Insurance Associations
Apr 17 2006 // Editor’s note: This is the second article in a series on Western insurance associations. Part I of this article appeared in the April 3, 2006, western region publication beginning on page 47. As people migrate to the...
Tim Summers
Apr 17 2006 // People Pacific Specialty Insurance Co., Menlo Park, Calif., promoted Tim Summers to chief operating officer. Summers will continue his duties as executive vice-president and corporate secretary, overseeing the product...
CBIZ Acquires Burnham, Colman, Kaelin and Walker Insurance Agency
Apr 12 2006 // CBIZ, Inc. today announced that it has acquired Burnham, Colman, Kaelin & Walker of St. Joseph, Mo. effective April 1, 2006. Originally founded in 1899 and with offices in St. Joseph and Kansas City, BCK&W is an...
Fitch Removes AIG and Subsidiaries from Negative Watch
Apr 11 2006 // Fitch Ratings has affirmed and removed from its Rating Watch Negative all of its ratings on American International Group, Inc. (AIG) and subsidiaries. Fitch originally placed AIG on Rating Watch Negative in March 2005. In...
Insurance Industry on Solid Financial Footing, But Overall Results Mask Problems in Certain Lines, Locations
Apr 10 2006 // The property/casualty insurance industry will report an increase in its capital base and an overall profitable performance in 2005, enabling it to meet the insurance needs of the growing U.S. economy, according to...
S&P Announces Revision in Assessing P/C Cat Risks
Apr 7 2006 // Standard & Poor’s Ratings Services announced that it has revised its criteria for measuring the catastrophe risk of primary P/C insurance companies, according to an article published today. The article, which is...
Senators Introduce Optional Federal Charter Legislation
Apr 5 2006 // Citing bipartisan support to revamp the insurance industry regulatory system, two U.S. senators today unveiled legislation that would allow life and property/casualty insurers to choose federal rather than state regulation...
Measuring Risk: Insurers’ day of reckoning arrives
Apr 3 2006 // The threat of more natural disasters could make 2006 a watershed year in how the insurance industry measures risk. With American carriers revamping their reporting and management structures, insurers are expected to...
