Latest Property Casualty Headlines
All the headlines from our Property Casualty Topic Page, ordered by recency.
Crump Makes Additions to P/C Teams in Dallas, Houston
Dec 12 2005 // Crump Insurance Services of Texas Inc. appointed three new members to the Dallas property/casualty brokerage team: Brent Jenkins, Stephanie Murillo and Matt Sheehan. Additionally, Crump Insurance Services of Houston Inc....
West Coast Insurance Wholesaler ECM Appoints Misty Reistad as VP in SF HQ
Dec 12 2005 // San Francisco, California – ECM Insurance Services, Inc., a San Francisco-based management liability and property & casualty insurance wholesaler, today announced the appointment of Misty Reistad as Vice...
Lawson-Hawks Acquires Healthcare Property/Casualty Group
Dec 7 2005 // Lawson-Hawks Insurance Associates Inc., a regional independent insurance broker based in Mountain View, Calif., has announced the acquisition of the El Dorado Hills, Calif.-based Healthcare Property/Casualty Group...
S&P Assigns ‘BBB+’ Rating to ING’s Hong Kong P/C Operation
Dec 5 2005 // Standard & Poor’s Ratings Services announced that it has assigned its “BBB+” insurer financial strength and long-term counterparty credit ratings to ING General Insurance Co. Ltd. (ING GIHK) with a...
Willis Acquires Swedish P/C Broker
Dec 5 2005 // Global insurance broker Willis Group Holdings announced that it has agreed to purchase 100 percent of the share capital of Nicon Forsakringsmaklarna AB (Nicon), a property and casualty broker in Southern Sweden which...
Ease of Doing Business Survey Sets Benchmark for Carriers to Follow
Dec 5 2005 // Insurer Performance Ranks Well on Average, But Many Could Improve on Key Factors Ease of Doing Business (EDB) has been a bit like the weather–everybody talks about it, but doing something about it is another matter....
Ease of Doing Business Survey Sets Benchmark for Carriers to Follow
Dec 4 2005 // Ease of Doing Business (EDB) has been a bit like the weather-everybody talks about it, but doing something about it is another matter. While you can’t change the weather, you can equip yourself and your organization...
Agency Consolidation Dynamics are Ripe for the Picking
Dec 4 2005 // The consolidation of insurance agencies has played a prominent role within the industry over the last 30 years. Now more than ever, however, such activity increasingly influences the average size of distributors, the scope...
Preston, Kipper Named Deputy Commissioners at LDI
Dec 2 2005 // Louisiana Insurance Commissioner Robert Wooley announced that Clarissa A. Preston has been named deputy commissioner of the Louisiana Department of Insurance Office of Property and Casualty, and Scott Kipper is now deputy...
Conning Research: Convergence Products Redefine P/C Insurance/Reinsurance
Nov 29 2005 // “Convergence products” will play a critical part in the competitive landscape of the property-casualty industry in coming years despite being a relatively small segment, according to a new study by Conning...
Despite Market Progress, P/C Rating Downgrades Top Upgrades
Nov 23 2005 // The financial strength of the U.S. property/casualty insurance industry remained strong over the past year, maintaining the operating momentum achieved from the prior 12 months, according to a recent A.M. Best report....
Competition Increases in Commercial Auto, But Not Too Much–Yet
Nov 21 2005 // By most accounts the commercial auto insurance market nationally is stable to softening. Rates may be going down a little in some areas, staying the same or at least not going up very much in others. However, some pockets...
Competition Increases in Commercial Auto, But Not Too Much-Yet
Nov 20 2005 // By most accounts the commercial auto insurance market nationally is stable to softening. Rates may be going down a little in some areas, staying the same or at least not going up very much in others. However, some pockets...
Aon Exploring Strategic Alternatives for Several of its Lines, Including P/C
Nov 15 2005 // Aon Corp. reported that it is exploring strategic alternatives relating to the ownership of its property/casualty underwriting, warranty and credit insurance businesses. Greg Case, Aon’s president and CEO, said,...
Allianz Posts $934 Million Q3 Profit Despite Hurricane, Flood Losses
Nov 14 2005 // Germany’s Allianz had a very successful third quarter with net income up 70 percent to €794 million ($934 million) and €1.7 billion (2 billion) operating profit,” despite,” said the company’s...
Hannover Re Posts 9 Month Losses over $1 Billion
Nov 10 2005 // Germany’s Hannover Re, the world’s third largest reinsurer, has been hit with a commensurately large share of the losses from Katrina, Rita et. al. The company’s 9 month report notes an “exceptional...
ISO’s Coyne Urges P/C Insurers to Reinvent Themselves to Survive Fierce Competition, Catastrophes
Nov 8 2005 // Fierce competition and catastrophe losses are forcing change all across the property/casualty insurance business, an industry leader said Monday. Ferocious competition has driven rates of return down and led to an increase...
National Newsbriefs
Nov 7 2005 // P/C Insurers Post Record Results in 2005: The U.S. property/casualty industry recorded an underwriting profit of $13.2 billion, with a net income of $32.1 billion during the first six months of 2005, a substantial gain...
News Briefs
Nov 6 2005 // P/C Insurers Post Record Results in 2005: The U.S. property/casualty industry recorded an underwriting profit of $13.2 billion, with a net income of $32.1 billion during the first six months of 2005, a substantial gain...
News Briefs
Nov 6 2005 // P/C Insurers Post Record Results in 2005: The U.S. property/casualty industry recorded an underwriting profit of $13.2 billion, with a net income of $32.1 billion during the first six months of 2005, a substantial gain...
