Latest Property Casualty Headlines
All the headlines from our Property Casualty Topic Page, ordered by recency.
The Midland Company Unveils Q2 Numbers
Jul 15 2004 // The Midland Company, an Ohio-based provider of specialty insurance products and services, reported record results for the second quarter ended June 30, 2004. Net income per share was 58 cents, which included 2 cents in...
Weiss Report: P/C Insurers Earn $32.3 Billion in 2003, Industry Reports $48 Billion Investment Gain
Jul 14 2004 // Property/casualty insurers more than doubled their profits during 2003, earning $32.3 billion compared to the $13.5 billion reported in 2002, according to Weiss Ratings Inc., an independent provider of ratings and analyses...
Fitch Upgrades Affirmative Insurance Co. Ratings
Jul 14 2004 // Fitch has removed from Rating Watch Negative and upgraded the ratings of Illinois-based Affirmative Insurance Company and Insura Property & Casualty Insurance Company to ‘BBB’ from ‘BB’. The...
Harleysville Announces Field Office Changes
Jul 13 2004 // Harleysville Insurance of Harleysville, Pa., recently announced new appointments in three field offices serving independent agents and policyholders in the Mid-Atlantic and Midwest regions. The appointments include:...
Correction: La. Legislature Completes 2004 Regular Session
Jul 9 2004 // A July 6, 2004 posting in Insurance Journal’s South Central section contained incorrect information regarding the contents of Louisiana’s recently passed House Bill 1514. The article, “La. Legislature...
ISO: Insurers to Pay Policyholders $1.65 Billion for Q2 CAT Claims
Jul 8 2004 // U.S. property/casualty insurers are expected to pay homeowners and businesses an estimated $1.65 billion for insured property-loss claims from six catastrophes affecting 23 states in the second quarter, according to...
At NAMIC, The Door’s Wide Open to Companies of All Sizes
Jul 5 2004 // Chairman Tim Hegarty Explains How His Trade Group Serves Big and Small Alike What happens when you put giants like State Farm, AIG, Nationwide and Liberty Mutual in a room with tiny farm mutuals like Husbandsmans Mutual,...
Another Soft Market Creates a Hard Reality
Jul 5 2004 // Like a commercial airline scrambling to squeeze out a profit in the face of increased competition and skyrocketing fuel prices, many insurance agents find themselves caught in the downward spiral of another soft market...
Industry At ‘Point Of Inflection,’ Says Standard & Poor’s
Jul 5 2004 // The insurance industry, now teeter-tottering between a hard and a soft market, “has reached a point of inflection,” said Robert Partridge, Standard & Poor’s managing director, at S&P’s...
The New Insurers: This Time, They’ll Do It The Right Way
Jul 5 2004 // ‘Clean Slate’ U.S. P/C Insurers Learn from Sins of Their Predecessors In the summer of 2001, the hard cycle had already arrived for the U.S. property/casualty marketplace. Prices were trending up as experts...
S&P Publishes P/C Insurer Report Card
Jul 5 2004 // Industry-wide price strengthening was a driving factor in the financial results of U.S. property/casualty insurance companies in 2003, according to an industry report card published by Standard & Poor’s Ratings...
FOCUS ON MINORITY STUDENTS:
Jul 5 2004 // The Independent Insurance Agents of Texas reported it is building an IIAT internship program to encourage minority college students in Texas to learn about careers in the insurance industry. The program will be part of a...
P/C INSURERS NEED EFFICIENCY:
Jul 5 2004 // Conning Research & Consulting Inc. released a study concluding that P/C insurers’ cost of doing business “has stagnated over the past 20 years, contrasting the remarkable efficiency gains achieved by many...
S&P Publishes P/C Insurer Report Card
Jul 5 2004 // Industry-wide price strengthening was a driving factor in the financial results of U.S. property/casualty insurance companies in 2003, according to an industry report card published by Standard & Poor’s Ratings...
Idaho: More than Snowcapped Peaks, Plateaus and Potatoes
Jul 5 2004 // The United States Census Bureau’s Census 2000 estimated the population of the State of Idaho at 1,293,953. Approximately 85 percent of the adult residents had graduated from high school and about 22 percent had...
This Time, We’ll Do It The Right Way
Jul 5 2004 // New U.S. P/C Insurers Learn from Sins of Their Predecessors In the summer of 2001, the hard cycle had already arrived for the U.S. property/casualty marketplace for all lines of coverage. Prices were trending up as experts...
Higginbotham & Associates Opens Austin Office
Jul 2 2004 // Fort Worth, Texas-based insurance and financial services brokerage firm Higginbotham & Associates announced it has launched services for Central and South Texas with the opening of a new Austin office. Newly hired...
Best’s P/C Center Adds Access to Financial Statements
Jul 2 2004 // A.M. Best has introduced its new Property/Casualty Center – Premium Data & Reports, an online product that provides access to select pages of companies’ annual statement data and more by bringing together...
P/C Industry’s Q1 Net Income Doubles
Jun 29 2004 // The U.S. property/casualty industry’s net income after taxes rose to $13.3 billion in first-quarter 2004 from $6.5 billion in first-quarter 2003 as insurers posted an underwriting profit for only the second time...
IIAT and Other Industry Groups Establish Internship, Scholarship Programs for Minority Students
Jun 28 2004 // The Independent Insurance Agents of Texas reported that it is building an IIAT internship program to encourage minority college students in Texas to learn about careers in the insurance industry. The program will be part...
