Latest Property Casualty Headlines
All the headlines from our Property Casualty Topic Page, ordered by recency.
The Beaver State – No Self-Serve Gas, One-Way Streets, and Ghost Towns
Mar 22 2004 // The United States Census Bureau’s Census 2000 estimated the population of the State of Oregon at 3,421,399. Approximately 85 percent of the adult residents had graduated from high school and about 25 percent had...
All Wrapped Up in Workers’ Comp
Mar 22 2004 // No surprise, but with the first quarter of 2004 drawing to a close, workers’ compensation remains, as it has been for many years, one of the most troubled lines of insurance in the United States. On a calendar year...
AEGIS Selects Insurity’s P/C System
Mar 18 2004 // Hartford-based Insurity Inc., a ChoicePoint® company specializing in policy and claims management products and services, announced that AEGIS Insurance Services, Inc., a leading insurer of utilities and related energy...
S&P Affirms SAFECO Corp. and P/C Subsidiaries Ratings
Mar 18 2004 // Standard & Poor’s has affirmed its ‘BBB+’ long-term counterparty credit rating on Seattle-based SAFECO Corp. and its ‘A+’ counterparty credit and financial strength ratings on the members...
A.M. Best Comments on Safeco’s Announcement to Sell Life Operations
Mar 16 2004 // A.M. Best Co. has commented that the group financial strength rating of A (Excellent) of Redmond, Wash.-based Safeco Life Insurance Company and its life/health subsidiaries (collectively referred to as Safeco Life) remains...
Safeco Signs Definitive Agreement to Sell Life & Investments Operations
Mar 15 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...
COUNTRY Insurance & Financial Services Awaits Reg. Approval of Cotton States Insurance Transactions
Mar 12 2004 // In an update to definitive agreements announced with Atlanta-based Cotton States Insurance Group in December 2003, COUNTRY Insurance & Financial Services has filed the required Form A with the Georgia Insurance...
Florida Agents, Residents on the Rise
Mar 12 2004 // With both agents and residents flocking to Florida, the Sunshine State is on the move. Florida Chief Financial Officer Tom Gallagher, who oversees insurance matters in the state, recently set aside time to talk with...
P/C Insurers’ Profits Double First Three Quarters of 2003; Industry’s Underwriting Loss Sees Improvement
Mar 9 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,...
Virginia: George Washington, Tobacco and the Pentagon
Mar 8 2004 // The United States Census Bureau’s Census 2000 estimated the population of the State of Virginia at 7,078,515. Approximately 82 percent of the adult residents had graduated from high school and about 30 percent had...
Wisconsin: More Than Cheese and Harley Davidsons
Mar 8 2004 // The U.S. Census Bureau’s 2000 census estimated the Wisconsin’s population at 5,363,675. About 85 percent of the adult residents had graduated from high school and about 22 percent had earned a bachelor’s...
Small Businesses Start Small Then Grow into Big Businesses
Mar 8 2004 // According to the U.S. Census Bureau there were more than five million firms employing fewer than 20 people in 2001, not counting the millions of people who are self employed. Another 600,000 firms employed between 20 and...
Small Businesses are Big Business
Mar 8 2004 // According to the U.S. Census Bureau there were 5,652,544 firms actively doing business in the U.S. in 2001, the latest available totals. This doesn’t count the millions of people who are self-employed. 5,036,845 of...
Best Affirms Erie Group’s ‘A+’ Ratings
Mar 8 2004 // A.M. Best Co. announced that it has affirmed the financial strength rating of “A+” (Superior) for the property/casualty affiliates of Pennsylvania’s Erie Insurance Group, managed by Erie Indemnity...
Small Businesses Start Small Then Grow into Big Businesses
Mar 8 2004 // According to the U.S. Census Bureau there were more than five million firms employing fewer than 20 people in 2001, not counting the millions of people who are self employed. Another 600,000 firms employed between 20 and...
West Virginia Proves More than Forests and State Sales Tax
Mar 8 2004 // The U.S. Census Bureau’s 2000 census estimated the population of the State of West Virginia at 1,808,344. Approximately 72 percent of the adult residents had graduated from high school and about 15 percent had earned...
PIFC Adds NAMIC to Membership
Mar 4 2004 // The Personal Insurance Federation of California (PIFC) announced that the National Association of Mutual Insurance Companies (NAMIC) has been unanimously approved by the PIFC Board of Directors to become the newest...
P/C Results Lift AXA Earnings
Mar 1 2004 // France’s AXA Group, Europe’s second largest insurer, reported net profits of 1 billion euros ($1.251 billion), buoyed by a strong recovery in its P/C division. The results exceeded analysts’ forecasts,...
Ark. Outlines Expectations for Renewals, Cancellations and Underwriting
Feb 24 2004 // On February 20, 2004, the Arkansas Insurance Department issued the following directive on cancellations, nonrenewals and discriminatory underwriting practices for property and casualty insurance: The Department recognizes...
Unreimbursed Property/Casualty Losses Often Overlooked Tax Deduction Says III
Feb 24 2004 // With less than two months left until tax day, taxpayers are sifting through their files to assess last year’s gains and losses. An often-overlooked deduction is unreimbursed property and casualty losses, according to...
