Latest Property Casualty Headlines

Insurance company taxes, investments grow Golden State’s economy

Feb 6 2006 // Insurers are cultivating California’s economy. In fact, the insurance industry benefits “the economic security of California and its citizens through claims and benefits paid to policyholders; investments in...

Who is worth what?

Feb 6 2006 // Last year was not a big year for raises in independent insurance agencies as salaries in many agencies across the county stayed right where they were in 2004. Producer commission rates stayed the same also. More than 1,000...

Feb 5 2006 // People United America Indemnity Ltd.’s board of directors has selected Joseph F. Morris as its president. The company will also consolidate its two U.S. insurance subsidiaries, United National Group and Penn-America...

California Insurance Industry

Feb 5 2006 // I nsurers are cultivating California’s economy. In fact, the insurance industry benefits “the economic security of California and its citizens through claims and benefits paid to policyholders; investments in...

2005 delivers mixed bag for property/casualty brokers

Feb 5 2006 // Stock Prices: In terms of stock prices for property and casualty brokers, the year was mixed. With its stock up 54 percent, Aon experienced a remarkable year. However, Marsh and McLennan’s woes continued as its stock...

Compensation overall

Feb 5 2006 // Last year was not a big year for raises in independent insurance agencies as salaries in many agencies across the county stayed right where they were in 2004. Producer commission rates stayed the same also. More than 1,000...

Tillinghast Notes New Appointments

Feb 1 2006 // The Tillinghast business of Towers Perrin has appointed Duncan Briggs as region manager for the Americas and Jeanne Hollister as property/casualty insurance practice leader for North America. Both Briggs and Hollister have...

Generali in Joint P/C Venture with China National Petroleum

Feb 1 2006 // Italy’s Assicurazioni Generali announced that it has received the go-ahead from the China Insurance Regulatory Commission (CIRC), to set up a joint venture to operate in the non-life sector with its partner, China...

Higginbotham & Associates Adds P/C Broker in Dallas Office

Jan 31 2006 // Fort Worth-based Higginbotham & Associates named recent college graduate Drew Robinson an account executive in its Dallas office. Robinson is a December 2005 graduate of Ouachita Baptist University, Arkadelphia, Ark.,...

Nevada Commissioner Appoints King Captive Manager

Jan 27 2006 // Nevada Commissioner of Insurance Alice A. Molasky-Arman has appointed Cliff King as Nevada’s chief administrator of captive programs. “Cliff is a natural match for this position, because he has been...

The Hartford Sees Q4 2005 Net Income of $474 Million

Jan 26 2006 // The Hartford Financial Services Group Inc. reported fourth quarter 2005 net income of $474 million, or $1.53 per diluted share. The company’s net income reached $2.3 billion for the year, a new record for the...

Countrywide Insurance Services Expands So. Cal Presence

Jan 25 2006 // Countrywide Insurance Services is expanding the company’s Southern California presence with the addition of four new commercial insurance producers and with 7,000 square feet of space in Glendale, Calif. to support...

CIAB Survey Shows Wind, Flood Coverage Issues for Coastal Property

Jan 24 2006 // Although the overall commercial property/casualty marketplace has seen little impact from the severe 2005 hurricane season, coastal property is experiencing a sharp increase in prices for wind and flood coverage, according...

Producers’ own liability grows as they and their clients expand

Jan 23 2006 // Property and casualty insurance agents and brokers are being exposed to more lawsuits as they move into unfamiliar products, states and technologies, and as their clients do the same. Cus-tomers and juries see agents and...

Analysts predict faster P/C premium growth, underwriting profit

Jan 23 2006 // Each year the Insurance Information Institute invites a panel of Wall Street stock analysts and industry professionals to review the prospects for the industry in the year ahead. This year’s survey results indicate...

2006 looking good already for P/C industry

Jan 23 2006 // ‘The expectation for a third consecutive underwriting profit in 2006 is, of course, predicated on the belief that catastrophe activity will return to more “normal” levels. Record catastrophe losses will...

2006 already looking good for the property/casualty industry

Jan 23 2006 // Record catastrophe losses will weigh heavily on 2005’s underwriting results, according to the Insurance Information Institute’s recent “Earlybird Forecast Survey,” but the survey of Wall Street...

Earlybird Forecast

Jan 22 2006 // 2006 looking good already for P/C industry Record catastrophe losses will weigh heavily on 2005’s underwriting results, according to the Insurance Information Institute’s recent Earlybird Forecast Survey, but...

People

Jan 22 2006 // Susan Alford has been named executive vice president and southeast region head for Aon Consulting in Atlanta. The promotion is effective Jan. 1. Alford will be responsible for Maryland, Virginia, North Carolina, South...

Editor’s Note: Springing Back

Jan 22 2006 // Despite losses from the 2005 hurricane season, property and casualty insurance company failures de-clined 44 percent from the previous year. In the insurance world catastrophes pretty much defined what 2005 was all about;...