Latest Property Casualty Headlines
All the headlines from our Property Casualty Topic Page, ordered by recency.
Insurers Urge Senate Panel to Extend TRIA
May 18 2004 // Congress should act this year to extend the Terrorism Risk Insurance Act (TRIA) for two years beyond its Dec. 31, 2005, expiration date because the private market alone cannot deal with further catastrophic terrorist...
PCI White Paper: Insurer Profitability Must Be Viewed Over Long Term
May 17 2004 // A white paper published by the Property Casualty Insurers Association of America (PCI) shows that insurance industry profitability must be evaluated over the long term and that loss costs, not investment return, are the...
TDI TO HOLD COMPLIANCE CLASSES:
May 17 2004 // The Texas Department of Insurance (TDI) has scheduled free compliance workshops to assist property/casualty and life/health insurers and agents in understanding and meeting Texas´ regulatory requirements. The workshops...
When Comparing Apples-To-Apples Whom Should You Trust’
May 17 2004 // Hard markets have a way of making insurance company financial strength ratings a hot topic of discussion, and not just among insurance agents and brokers. Professional risk managers and other insurance buyers, consumer...
Alabama – More than the Heart of Dixie
May 17 2004 // The United States Census Bureau’s Census 2000 estimated the population of the State of Alabama at 4,447,100. Approximately 75 percent of the adult residents had graduated from high school and about 19 percent had...
Taking the Risk: Protecting Your Clients with Political Risk Insurance
May 17 2004 // Over the past three decades, 80 percent of the terrorist attacks against the United States have been directed against American businesses in foreign locations. In 2001, about 400 American businesses were attacked. Compared...
Best Announces Ratings Actions on Aon Subsidiaries
May 12 2004 // A.M. Best Co. has taken a number of rating actions concerning several subsidiaries of Aon Corp. It affirmed the financial strength ratings of “A” (Excellent) of Aon’s life/health operations–Combined...
Aon’s P/C Operations Downgraded
May 12 2004 // Insurer ratings agency A.M. Best Co. has affirmed the financial strength ratings of “A” (Excellent) of Chicago-based Aon Corp.’s life/health operations—Combined Insurance Company of America (CICA) and...
S&P Reports on U.S. P/C Industry Financial Condition
May 11 2004 // Standard & Poor’s Credit Market Services has issued a report on the U.S. P/C industry, which notes that the rating agency is maintaining its negative rating outlook on this sector of the commercial insurance...
Correction: 100 Largest P/C Independent Agencies
May 11 2004 // Insurance Journal recently published a list of the top 100 largest property/casualty independent agencies and brokers in its May 3, 2004 issue. The list was compiled based on information that agencies voluntarily submitted...
Farmers Ranked Top P/C Insurer in Arizona
May 11 2004 // In one of the largest business opinion polls ever taken in Arizona, “Ranking Arizona” named Farmers Insurance Group the best Property and Casualty Insurance Company for the third year in a row. This is the...
S&P Issues Report on French Mutual Sector
May 6 2004 // A newly issued report from Standard & Poor’s concludes that “France’s mutual insurance sector remains healthy, but its long-term prosperity is being threatened by external competition and exposure...
Max Re Posts $43 Million Q1 Net
May 6 2004 // Max Re Capital Ltd. joined its compatriots in Bermuda in reporting very good first quarter profits. The company announced that net income for the three months ended March 31, 2004, was 43 million, or net income of $0.87...
NAMIC: Fla. Legislature Adjourns, Session Productive for Property/Casualty Legislation
May 4 2004 // Florida’s just-ended legislative session “proved to be very productive,” an official with the National Association of Mutual Insurance Companies (NAMIC) said. Florida lawmakers enacted several key...
P/C Income, Surplus Rise Sharply in 2003
May 3 2004 // The property/casualty insurance industry’s net income after taxes rose to $29.9 billion in 2003—nearly 10 times the industry’s $3 billion in net income in 2002. Benefiting from both the $29.9 billion in net...
Best Offers Its Suite of Reinsurance Information for P/C and Life/Health Insurers on CD-ROM and Online
May 3 2004 // A.M. Best Co. announced the availability of “Best’s Statement File Supplement for Schedule F and Schedule S” on a single CD-ROM that contains both databases. “These databases include reinsurance...
WSS’ New In-House P/C Facility Offers Garage Liability
May 3 2004 // Kyle Stevens, vice president, branch manager of the Dallas branch office of Western Security Surplus Insurance Brokers (WSS) announced that with the addition of its new property & casualty market, they now have...
TDI to Hold Compliance Workshop
May 3 2004 // The Texas Department of Insurance (TDI) has scheduled a compliance workshop to assist property and casualty insurers and agents in understanding and meeting Texas´ regulatory requirements. The workshop will be held June...
Kentucky Market Gallops Along Under Acting Executive Director
May 3 2004 // With agents witnessing increasing competition in Kentucky’s property/casualty market, Kentucky Office of Insurance Acting Executive Director Glenn Jennings recently talked with Insurance Journal Southeast. Jennings...
North Carolina: From the Wright Brothers to Krispy Kremes
May 3 2004 // The United States Census Bureau’s Census 2000 estimated the population of the State of North Carolina at 8,049,313. Approximately 78 percent of the adult residents had graduated from high school and about 23 percent...
