Latest Property Casualty Headlines
All the headlines from our Property Casualty Topic Page, ordered by recency.
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...
Buckeye State Bucks National Trend on Medical Malpractice
Apr 5 2004 // The U.S. Census Bureau’s 2000 census estimated Iowa’s population at nearly 3 million. About 86 percent of the adult residents had graduated from high school and about 21 percent had earned a bachelor’s...
SAFECO SIGNS DEFINITIVE AGREEMENT TO SELL LIFE & INVESTMENTS OPERATIONS:
Apr 5 2004 // Seattle-based Safeco Corporation announced it has entered into a definitive agreement to sell its life and investments operations to a group of investors led by White Mountains Insurance Group Ltd., and Berkshire Hathaway...
The Silver State – Sagebrush, Hoover Dam and Vegas
Apr 5 2004 // The United States Census Bureau’s Census 2000 estimated the population of the state of Nevada at 1,998,257. Approximately 81 percent of the adult residents had graduated from high school and about 18 percent had...
Moody’s Lowers Travelers P/C Debt Ratings
Apr 1 2004 // Moody’s Investors Service announced that is has lowered the debt ratings of Travelers Property Casualty Corp., and those of its subsidiary Travelers Insurance Group Holdings Inc., by one notch. Senior debt was...
Georgia Casualty & Surety Deploys Insurity’s P/C System
Apr 1 2004 // Insurity Inc., a ChoicePoint company, announced that Georgia Casualty & Surety, a wholly-owned subsidiary of Atlantic American, has selected Insurity’s Commercial Intellisys’ property/casualty policy...
Alabama P/C Market Gaining Momentum
Mar 30 2004 // Walter Bell With signs of improvement on the horizon for the property/casualty market in Alabama, Insurance Commissioner Walter Bell recently set aside time to talk with Insurance Journal Southeast about conditions in the...
Hannover Re 2003 Net up 32.8% to $431 Million
Mar 30 2004 // Germany’s Hannover Re Group joined Swiss Re and General Re in reporting a very successful 2003. The world’s fourth largest reinsurer posted net income of 354.8 million euros ($43I million) compared to 267.2...
Swiss Re Reports $1.33 Billion 2003 Net Income
Mar 26 2004 // Swiss Re joined the parade of European insurers announcing happy results for 2003. Net income increased to CHF 1.7 billion ($1.33 billion), while net premiums jumped to CHF 30.7 billion ($24 billion). It’s the first...
Crawford & Co. to Act as Service Provider for Cypress Property & Casaulty
Mar 25 2004 // Atlanta-based Crawford & Company was recently named the primary vendor for property and casualty claims services for Cypress Property & Casualty Insurance Company. Crawford will administer the program using a...
Pennsylvania: Home to Gene Kelly, Liberty Bell and Hershey Chocolate
Mar 22 2004 // The states boasts a good homeowners loss ratio and a diversified economy The United States Census Bureau’s Census 2000 estimated the population of the Pennsylvania at 12,281,054. Approximately 82 percent of the adult...
P/C INSURERS’ PROFITS DOUBLE FIRST THREE QUARTERS OF 2003:
Mar 22 2004 // Property and casualty insurers earned $22.9 billion during the first nine months of 2003, representing a $12.1 billion, or 112 percent, increase over the $10.8 billion profit reported during the same period in 2002,...
