Latest Property Casualty Headlines
All the headlines from our Property Casualty Topic Page, ordered by recency.
Canadian P&C Insurance Industry Promises to Unveil Disclosure Plan Today
Nov 12 2004 // On November 12, 2004, insurance industry representatives will unveil what they say is a plan to demonstrate the industry’s commitment to ensuring that Ontario consumers enjoy the highest level of transparency and...
ACE European Group Set to Become Third Largest U.K.-Based P/C Insurer
Nov 9 2004 // ACE European Group Limited, the cornerstone of ACE’s London Market and European business, announced that it has received regulatory approval to transfer its Belgian based business into the U.K.-based...
Dallas to Host National Town Hall Meeting – ‘Connecting the Global Economy Through Insurance’
Nov 9 2004 // The Dallas All Industry Day event for 2004, sponsored by state and local insurance organizations, will focus on national and global economic issues and its infrastructure, the insurance industry. Entitled “Connecting...
P/C Agents Errors & Ommissions
Nov 8 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...
GA. P/C TRADE ASSOCIATION WELCOMES NAMIC:
Nov 8 2004 // The Georgia Association of Property/Casualty Insurance Companies (GAPCIC) board of directors has approved the National Association of Mutual Insurance Companies (NAMIC) as its newest member. “NAMIC has a strong...
S&P Revises Overall Property/Casualty Outlook to Negative
Nov 8 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...
P/C Agent E&O Program
Nov 8 2004 // Nuts & Bolts: Rockwood Programs expanded its existing property/casualty agents errors and omissions program. Coverage is now available in all 50 states and the District of Columbia. The core program, called the...
Best Places Omaha P&C Under Review
Nov 5 2004 // A.M. Best Co. announced that it has placed the financial strength rating of “A-” (Excellent) of Omaha Property and Casualty Insurance Company (OPAC) (Omaha, Neb) under review with developing...
Hurricanes Drive $12.6 Million Q3 Loss at Horace Mann
Nov 4 2004 // The four hurricanes that ravaged the Southeast resulted in a net $12.6 million third-quarter loss for Springfield, Ill.-based insurer Horace Mann Educators Corp. The company has made a profit of $28 million, or 65 cents...
MarketScout: Bid Rigging, Incentive Commissions, Hurricanes and a Presidential Election Impact P/C Market
Nov 4 2004 // According to Richard Kerr, chairman and CEO of MarketScout, an online insurance exchange with more than 50,000 users, the October 2004 composite rate for U.S. property and casualty insurance is 2%, down from 12% in October...
Fitch Affirms Safeco P/C Group Ratings; Outlook Stable
Nov 4 2004 // Fitch Ratings has affirmed the ‘AA-‘ insurer financial strength rating on the Safeco property/casualty group (Safeco P/C). In addition, Fitch has affirmed ‘A-‘ long-term and senior debt ratings on...
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...
