Latest Property Casualty Headlines
All the headlines from our Property Casualty Topic Page, ordered by recency.
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...
Omaha P&C Under Review
Nov 22 2004 // A.M. Best Co. placed the financial strength rating “A-” (excellent) of Omaha Property and Casualty Insurance Co. (OPAC) under review with developing implications. The under review status reflects the...
Competitive Storm Brewing — What Spitzer’s Lawsuit May Mean to Us All
Nov 22 2004 // Perhaps like you, I have been fascinated by the press coverage our industry has received lately–probably more individual stories in prominent newspapers than at any other point in the last 25 years, all thanks to the...
Competitive Storm Brewing — What Spitzer’s Lawsuit May Mean to Us All
Nov 22 2004 // Perhaps like you, I have been fascinated by the press coverage our industry has received lately–probably more individual stories in prominent newspapers than at any other point in the last 25 years, all thanks to the...
Best Study Finds P/C Industry “Well Capitalized;” 21.8% Increase in Surplus
Nov 19 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....
CNA Financial Corp., Subs Have Ratings Affirmed
Nov 19 2004 // Standard & Poor’s Ratings Services has affirmed its ‘BBB-‘ counterparty credit rating on CNA Financial Corp. (NYSE:CNA) and its ‘A-‘ counterparty credit and financial strength ratings on...
ACE Europe Restructures UK & Ireland P/C Operations
Nov 17 2004 // ACE Europe has announced the restructuring of its UK and Ireland Property & Casualty Operations into four distinct regions – North, Midlands and South West, South East and Ireland. Ace said: “The four...
Safeco Now™ Expands to Include Commercial Multi-Peril
Nov 16 2004 // Seattle-based Safeco announced it is again expanding the product breadth available on its single-platform online sales center Safeco Now™. In a breakthrough move for small-business insurance sales, the company has...
P&C Insurers Call for Compensation Disclosure
Nov 16 2004 // In testimony today before a Senate subcommittee, Property Casualty Insurers Association of America President and CEO Ernie Csiszar urged public policy makers to give careful consideration to efforts that make insurance...
Hannover Re Hit by Q3 Cat Losses; 9-month Operating Profit Down 18.1 % to $527 Million
Nov 12 2004 // Germany’s Hannover Re – ranked by Standard & Poor’s as the world’s fifth largest reinsurer – announced third quarter earnings that were heavily impacted by the Florida hurricanes and...
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...
