Latest Property Casualty Headlines
All the headlines from our Property Casualty Topic Page, ordered by recency.
Swiss Re Conference Sees Continued Industry Growth
Dec 15 2004 // Andreas Beerli, Head of Swiss Re’s U.S. P/C business in the Americas, speaking at the company’s annual year-end economic and insurance industry review and outlook, asserted that the P/C reinsurance industry...
S&P Report Concludes Australian P/C Industry Stable
Dec 14 2004 // The credit outlook on Australia’s nonlife insurance industry will remain stable in 2005, despite moderation in earnings, according to Standard & Poor’s Ratings Services latest industry report card on...
Analysts Predict Slowing of P/C Premium Growth in 2005
Dec 10 2004 // Each year the Insurance Information Institute (I.I.I.) invites a panel of Wall Street stock analysts and industry professionals to review the prospects for the industry in the current and coming year. The survey reveals...
ING Canada Closes Allianz P/C Acquisition
Dec 10 2004 // ING Canada and Allianz Group have closed their previously announced definitive share purchase agreement for the acquisition by ING Canada of Allianz’ Canadian P/C operations. “Under the terms of the agreement,...
P/C Insurers Positioned to Weather Hurricane Losses
Dec 7 2004 //
Carrier Solvency, Not Aggregate Industry Reserves, Should be Focus
Dec 6 2004 // Placing Industry Loss and Loss Adjustment Expense Reserving into Perspective In an April 2004 edition of Insurance Journal, Mark Wells, publisher, utilized the ‘On the Street’ column to frame the issues related...
A.M. Best Finds Improved Earnings Boost P/C Industry’s Surplus Position
Dec 6 2004 // The capital surplus for U.S. property casualty insurers increased by 21.8 percent in 2003, fueled by “vastly improved operating earnings” and a big boost in unrealized capital gains, according to A. M. Best...
Nov. Composite Rate Increase for P/C Stays at 2%
Dec 6 2004 // According to MarketScout, the November composite rate increase for property and casualty insurance remained at 2%. Richard Kerr, chairman and CEO of MarketScout (www.marketscout.com) commented, “We expect the market...
Best Study Finds P/C Industry “Well Capitalized;” 21.8% Increase in Surplus
Dec 6 2004 // A special report released by A.M. Best Co. cites “vastly improved operating earnings” recorded in 2003 and a considerable boost from unrealized capital gains, as fueling a 21.8 percent increase in the U.S....
SMART: An Opportunity to Re-Energize States
Dec 6 2004 // Through the State Modernization And Regulatory Transparency Act (SMART Act), Congressmen Michael Oxley (R-Ohio), and Richard Baker (R-La.), have made a creative initial proposal to re-energize state insurance regulation...
N.Y. Insurers Caution Lawmakers Over Reaction to Broker Probes As Albany Prepares for Assembly Hearing
Dec 2 2004 // The New York Insurance Association (NYIA) cautioned state lawmakers in Albany against “a knee-jerk public policy reaction” to allegations of improper business practices by brokers, agents and insurers that...
S&P Affirms Horace Mann Ratings; Outlook Stable
Dec 1 2004 // Standard & Poor’s Ratings Services has revised its outlook on Illinois-based Horace Mann Educators Corp. and its subsidiaries to stable from negative. Standard & Poor’s also affirmed its...
S&P Reports First Half Results in Japan’s P/C Sector Show Companies Still Under Pressure
Nov 30 2004 // Standard & Poor’s Ratings Services has issued a report noting that Japanese non-life insurance companies recently released results of for the first half of fiscal 2004, which indicate that underwriting...
Axa Reported in Serious Talks with Credit Suisse to Acquire Winterthur
Nov 26 2004 // A report from the Financial Times indicates that France’s Axa Group is in serious discussions with Credit Suisse to acquire Winterthur, the banking group’s insurance division. Credit Suisse had dropped hints...
Swiss Re Hosts Investors’ Day Conference
Nov 24 2004 // Swiss Re hosted its annual Investors’ Day at its Rüschlikon Conference Center near Zurich, yesterday, Nov. 23. The presentation offered additional insights into the Group’s risk management framework and a...
Ga. Dept. Approves Cotton States Insurance
Nov 24 2004 // The Georgia Department of Insurance approved this week the proposed merger of Cotton States Life Insurance Company with a subsidiary of COUNTRY Life Insurance Company, and the affiliation of Cotton States Mutual Insurance...
Speed-to-Market Seminar in January
Nov 22 2004 // To assist P/C insurers on improving speed-to-market, the Property Casualty Insurers Association of America (PCI), the National Association of Insurance Commissioners (NAIC) and InSystems are sponsoring a free seminar for...
P&C Agent E&O Program
Nov 22 2004 // Nuts & Bolts: Rockwood Programs expanded its existing property and casualty agents errors and omissions program. Coverage is now available in all 50 states and the District of Columbia. The core program, called the...
SMART: An Opportunity to Re-Energize States
Nov 22 2004 // Through the State Modernization And Regulatory Transparency Act (SMART Act), Congressmen Michael Oxley, R-Ohio, and Richard Baker, R-La., have made a creative initial proposal to re-energize state insurance regulation...
Safeco P/C Group Affirmed
Nov 22 2004 // Fitch Ratings affirmed the “AA-” insurer financial strength rating on the Safeco property and casualty group. In addition, Fitch affirmed “A-” long-term and senior debt ratings on Safeco Corp. and...
