Latest Property Casualty Headlines
All the headlines from our Property Casualty Topic Page, ordered by recency.
Converium Reports Record $65.7 Million Q1 Net
Apr 30 2004 // Swiss-based Converium reported its “best quarter operating income so far,” with $77.2 million, up 192.4 percent, and net earnings of $65.7 million, up 157.6 percent. Other highlights cited by the world’s...
Allmerica Reports Improved P&C Earnings for Q1
Apr 28 2004 // Allmerica Financial Corporation (NYSE: AFC) in Worcester, Mass. reported net income for the first quarter of $12.1 million, or $0.23 per share, compared to net income of $37.1 million, or $0.70 per share in the first...
Infinity P/C Unveils Q1 Report
Apr 27 2004 // Alabama-based Infinity Property and Casualty Corporation, a national provider of personal automobile insurance with an emphasis on nonstandard auto insurance, reported net earnings for the first quarter of $16.9 million or...
Ace Ltd. Releases Q1 Numbers
Apr 27 2004 // Bermuda-based ACE Limited (NYSE:ACE) reported net income for the first quarter ended March 31, 2004 of $447 million or $1.53 per share, compared with net income of $247 million or $0.90 per share for the prior year. Income...
Houston Casualty Co. Affirmed, Outlook Stable
Apr 23 2004 // Standard & Poor’s Ratings Services announced the affirmation of its “AA” counterparty credit and financial strength ratings on Houston Casualty Co., Avemco Insurance Co. (Avemco), U.S. Specialty...
Title First Jumps Into P/C Business
Apr 22 2004 // Columbus, Ohio-based Title First Agency Inc., a leading title insurance agency and real estate information company with offices throughout Ohio, Indiana, Kentucky, Michigan and West Virginia, announced the launch of...
Conning: Bigger Dollars, Fewer Insurance Industry M&As
Apr 21 2004 // Mergers and acquisitions in 2003 and 2004 in the insurance industry reached the highest level since 1998 in dollar terms, even while the total number of transactions continued its long decline since the same year,...
CIAB Survey Shows Q1 Commercial P/C Easing
Apr 20 2004 // The Council of Insurance Agents & Brokers has issued a report indicating that the commercial property and casualty market “continued to ease across most lines during the first quarter of 2004, with the average...
Minnesota: An Inside Look at the Land of Lakes
Apr 19 2004 // The U.S. Census Bureau’s 2000 census estimated the Minnesota population at 4.9 million. About 88 percent of the adult residents had graduated from high school and about 27 percent had earned a bachelor’s degree...
Bringing Steady Leadership to Mississippi for Several Decades
Apr 19 2004 // With continued service to the state of Mississippi since the mid-70’s, Insurance Commissioner George Dale has been a steadying influence for the industry in the Magnolia State. When Dale was elected commissioner in...
South Carolina Proves More than Palmetto Trees, Peaches, and Golf
Apr 19 2004 // The United States Census Bureau’s Census 2000 estimated the population of the State of South Carolina at 4,012,012. Approximately 76 percent of the adult residents had graduated from high school and about 20 percent...
S&P Enhances Criteria to Evaluate Loss Reserves of Global Reinsurers
Apr 16 2004 // Standard & Poor’s has recently enhanced its criteria for evaluating the loss reserves of global reinsurance groups and certain non-U.S. insurance groups writing casualty business, according to a recently...
Capital City Insurance Co. Chooses Insurity’s P/C Platform to Support Regional Operations
Apr 15 2004 // Insurity Inc., a ChoicePoint company, announced that South Carolina-based Capital City Insurance Company Inc. has selected Insurity’s Commercial Intellisys’ property/casualty policy processing services and...
P/C Net Income Propels Surplus
Apr 14 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...
Extended Deadline to Submit P/C Agencies for Insurance Journal’s Top 100 Special Report
Apr 12 2004 // Insurance Journal’s has extended the deadline until April 19 for property and casualty agencies to submit entry forms for the first-ever IJ Top 100 Salute to Independent Agencies issue on May 3, which highlights the...
Arkansas Department Explains Fire Loss Reporting
Apr 9 2004 // The Arkansas Insurance Department issued a bulletin explaining compliance requirements of all property insurers licensed to do business in the state with Act 1345 of 2003, also known as the “Fire Loss Reporting Act...
Zuraitis Named Allmerica Personal Lines President
Apr 8 2004 // Allmerica Financial Corporation in Worcester, Mass. announced that Marita Zuraitis has been named president of Allmerica’s property and casualty companies, effective April 19. As president, Zuraitis will be...
Fla. Association of Insurance Agents Chooses ACE USA as Exclusive Provider of International P/C Insurance
Apr 7 2004 // ACE US International, a division of ACE USA, the U.S.-based retail operations of The ACE Group of Companies, announced that it has been selected as the exclusive provider of global programs and specialty insurance coverage...
Babe Ruth, Chesapeake Bay and Blue Crabs
Apr 5 2004 // The U.S. Census Bureau’s Census 2000 estimated the population of the State of Maryland at 5,296,486. Approximately 84% of the adult residents had graduated from high school and about 31% had earned a bachelor’s...
Up for Sale: Success in Today’s Homeowners Market
Apr 5 2004 // States show signs of stability, but problem areas remain Despite continuing availability issues and sky-high loss ratios, the U.S. homeowners market is stabilizing as a whole. Of course, most industry observers who make...
