Latest Property Casualty Headlines
All the headlines from our Property Casualty Topic Page, ordered by recency.
Guaranty Insurance Services Appoints EVP of P/C Sales
Nov 2 2004 // Guaranty Insurance Services Inc. announced that it named Von Breaux executive vice president of Property and Casualty Sales. Breaux comes to Guaranty Insurance from Syracuse, N.Y., where he worked as the director of Sales...
Max Re Reports $ 9 Million Q3 Loss
Nov 1 2004 // Bermuda-based Max Re Capital Ltd. reported a net loss for the three months ended September 30, 2004 of $9.0 million, or 20 cents per diluted share, compared to net income of $38.8 million, or net income of 89 cents per...
ACE Reports $3 Million Q3 Net Loss
Oct 28 2004 // Bermuda’s ACE Limited reported a net loss for the third quarter ended Sept. 30, 2004 of $3 million or $(0.05) per common share after payment of preferred dividends, compared with net income of $355 million or $1.22...
TDI Schedules P/C Related Hearings for November
Oct 28 2004 // The Texas Department of Insurance (TDI) has scheduled a number of public hearings in November 2004 that may be of interest to property and casualty insurance professionals. On Nov. 2 at 10:00 a.m., Docket No. 2602,...
Allmerica Reports Big Jump in 3d Quarter Results
Oct 26 2004 // Allmerica Financial Corporation (NYSE: AFC) in Worcester, Mass. has reported third quarter net income of $17.7 million, or $0.33 per share, compared to net income of $11.4 million, or $0.21 per share, in the third quarter...
Chubb Sees Growth in Q3
Oct 26 2004 // The Chubb Corporation (NYSE: CB) on Tuesday reported that net income in the third quarter of 2004 was $364.0 million or $1.88 per share, compared to $259.8 million ($1.37 per share) in the third quarter of 2003. Operating...
Japan: Powerful, Beleaguered and Consolidating
Oct 25 2004 // Until Commodore Peary’s visit in 1848, Japan was one of the world’s most isolated countries, and it still remains rather unique. But something in the Japanese character and society enabled it to turn its back...
SMART: An Opportunity to Re-Energize States
Oct 25 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...
S&P Revises Overall P&C Outlook to Negative
Oct 22 2004 // Standard & Poor’s Ratings Services has revised its outlook on the U.S. property/casualty commercial lines sector to negative from stable. “The outlook revision follows allegations of widespread misconduct...
Rockwood Expands E&O Program for P&C Agents
Oct 21 2004 // Rockwood Programs has finalized negotiations with multiple insurance carriers and Lloyds Syndicates to expand its existing Errors & Omissions program for property and casualty agents. This program was designed to...
The Midland Co. Reports Q3 Profit
Oct 21 2004 // Cincinnati-based The Midland Company, a provider of specialty insurance products and services, reported results for the third quarter ended Sept. 30, 2004. Net income per share was 12 cents, which included 1 cent in...
Q3 Commercial P/C Premiums Continue Fall
Oct 20 2004 // Commercial property/casualty insurance premiums continued to decline significantly during the third quarter of this year, with two-thirds of all large and medium accounts experiencing drops of up to 20 percent and an...
Safeco Unveils Q3 Numbers, Notes Hurricane Impact
Oct 19 2004 // Seattle-based Safeco on Tuesday reported third-quarter results, reflecting strong fundamentals in a period with substantial hurricane losses and the loss on the sale of Life & Investments. The company posted a net...
Jenkins to Lead P/C Ops for Baldwin Resource Group
Oct 19 2004 // Don Jenkins, executive vice president of Bellevue, Wash.-based Baldwin Resource Group, has been named to lead the Property and Casualty Insurance Operations for the company. Jenkins oversees Baldwin Resource Group’s...
United National, Penn-America, Penn Independent Join Forces to Become United America Indemnity
Oct 15 2004 // United National Group Ltd., Penn-America Group Inc. and Penn Independent Corporation (PIC), a privately-held company, have announced their agreements to combine operations in transactions aggregating over $800 million in...
Assurex Global Adds Four New Partners
Oct 13 2004 // Assurex Global has expanded its worldwide presence with the addition of international broker Partners in Monte Carlo, Monaco; Baton Rouge, La.; Philadelphia, Penn.; and Wilmington, Del. The newest Assurex Global Partners...
N.Y.’s Serio Defends States as Federal Oversight Debate Begins
Oct 11 2004 // State insurance commissioners stood their ground last month at hearings in Washington where they opposed an expanded federal role in insurance regulation and withstood a withering attack on their performance from a leading...
Best Reports 28% Increase in Direct Premium Volume for Surplus Lines
Oct 11 2004 // A special report released by A.M. Best Co. concludes that at the end of 2003, direct premium volume for the surplus lines industry increased by about 28 percent over the prior year, which followed an estimated 62 percent...
The Aloha State – More than Beaches and Rain Forests
Oct 11 2004 // The United States Census Bureau’s Census 2000 estimated the population of the state of Hawaii at 1,211,537. Approximately 85 percent of the adult residents had graduated from high school and about 26 percent had...
ING to Acquire Most of Allianz Canada, S&P Puts Insurer on CreditWatch
Oct 10 2004 // The Netherlands’ ING Group and Germany’s Allianz announced that they have concluded a definitive share purchase agreement for the acquisition of Allianz’ property and casualty (P&C) insurance...
