Latest Property Casualty Headlines
All the headlines from our Property Casualty Topic Page, ordered by recency.
S&P Report Says Singapore’s Life and Nonlife Insurance Industries Stay Resilient; Outlook Stable
Aug 18 2004 // Standard & Poor’s Ratings Services has issued a new report on Singapore’s insurance industry, which concludes that it is expected to record a satisfactory operating performance, and that the outlook for...
AFG’s Q2 Nets Nearly $60 Million
Aug 17 2004 // Cincinnati-based property/casualty insurer American Financial Group Inc. reported net earnings for the 2004 second quarter of $55.9 million, or 75 cents per share, significantly above the $30.5 million, or 44 cents per...
ABD Adds to Redwood City Leadership and Construction Services Unit
Aug 12 2004 // ABD Insurance and Financial Services, a leading provider of global risk management and employee benefits solutions, announced appointments within the company’s property/casualty leadership and construction industry...
Atlantic American Corp. Unveils Q2 Report
Aug 11 2004 // Atlanta-based Atlantic American Corp. announced net income of $1.1 million, or $0.04 per diluted share, for the second quarter ended June 30, 2004, compared to net income of $1.2 million, or $0.04 per diluted share, for...
IBM Presents Tech Lecture at Annual Meeting
Aug 10 2004 // IBM will make a special presentation on the use of technology in the property/casualty industry at the CPCU Society’s 60th Annual Meeting and Seminars in Los Angeles, Oct. 23-26. As part of the Annual Meeting’s...
Best Announces Ratings on 55 Canadian P/C Insurers
Aug 9 2004 // A.M. Best Co. has “affirmed the financial strength ratings of 38 Canadian insurers, downgraded the ratings of four, upgraded the ratings of nine and assigned initial ratings to four Canadian property/casualty...
Horace Mann’s Q2 Nets $18.9 Million
Aug 6 2004 // Springfield, Ill.-based educators’ insurer Horace Mann Educators Corp. reported net income of $18.9 million (44 cents per share) and $40.6 million (95 cents per share), respectively, for the three and six months...
Fowler and Keyes Join Noodle Specialty Brokers as Underwriting VPs
Aug 6 2004 // Insurance industry veterans James A. Fowler and John D. Keyes have joined Chicago-based Noodle Specialty Brokers (NSB), the newly formed division of InsuranceNoodle Inc., as senior vice presidents of underwriting. Noodle...
CPCU Annual Conference Set for October
Aug 3 2004 // The CPCU Society has announced that its 60th Annual Meeting and Seminars will take place in Los Angeles, Calif., on Oct. 23-26. The Annual Meeting’s Property and Casualty Insurance Track features 25 seminars about...
NAMIC Issues P/C Legislative Analysis
Aug 1 2004 // One-fifth of the 251 property/casualty bills enacted in the states so far this year relate to the regulation of automobile insurance, according to an analysis by the National Association of Mutual Insurance Companies...
CNA Financial Notes Solid Q2 Numbers
Jul 29 2004 // Chicago-based CNA Financial Corp. announced second quarter of 2004 results. Net income for the second quarter of 2004 was $289 million as compared with net income of $70 million for the same quarter of 2003. The increase...
Four ACE Members Agree to $14 Million Settlement
Jul 28 2004 // After four years of litigation, and on the eve of trial, four companies in the ACE insurance group have reportedly agreed to pay $14 million to settle a national class action brought by a company in Lancaster County,...
Allmerica Claims ‘Solid’ Second Quarter
Jul 28 2004 // Allmerica Financial Corporation (NYSE: AFC) in Worcester, Mass, whose companies include Hanover and Citizens insurance, reported second quarter net income of $32.4 million, or $0.60 per share, compared to net income of...
Chubb Reports ‘Strong’ Second Quarter
Jul 28 2004 // The Chubb Corporation of Warren, N.J. (NYSE: CB) reported that net income in the second quarter of 2004 was $356.1 million, a 41 percent increase over net income of $252.1 million in the secondquarter of 2003. Net income...
A.M. Best Report: Canada’s P/C Industry Rebounded Strongly in 2003
Jul 27 2004 // As 2002 fades from memory as the worst performance year by the Canadian property/casualty insurance industry, 2003, on the other hand, will be remembered for the industry’s return to underwriting profitability and...
PartnerRe Continues Strong Numbers Growth
Jul 27 2004 // Bermuda-based PartnerRe Ltd. reported net income of $119.8 million, or $2.12 per share on a fully diluted basis, for the second quarter of 2004. This net income includes net after-tax realized gains on investments of $10.1...
LDI to Hold Property and Casualty Filing Seminar
Jul 27 2004 // The Louisiana Department of Insurance will hold a property and casualty filing seminar in Baton Rouge on Aug. 19 and 20, 2004. Hot topics include: Regulation 78; Terrorism; Flexible Rating/Filing Provisions; Credit...
The Guaranty Fund System: A Vital Safety Net
Jul 22 2004 // Suzanne Sahakian Property/casualty guaranty funds were created by state statutes beginning in the late 1960s to protect the public against financial losses to policyholders and claimants as a result of property and...
Ark. DOI Issues Fairness Directive to P/C Insurers
Jul 22 2004 // Acknowledging that Arkansas law imposes minimal restrictions on underwriting, the Arkansas Insurance Department nevertheless announced that it expects property and casualty insurers to give proper attention to the explicit...
Survey: Market Index Shows Continued Softening for Commercial P/C Market
Jul 21 2004 // The commercial property/casualty insurance market showed signs of continued softening in the second quarter of 2004, with one-third of the small accounts and more than half the medium and large accounts experiencing...
