Latest Property Casualty Headlines
All the headlines from our Property Casualty Topic Page, ordered by recency.
Swiss Re Reports 7% P/C Renewal Premium Growth
Feb 17 2004 // Swiss Re announced that it has registered a seven percent increase in P/C premium growth following the latest round of renewals, occasioned by a “combination of further rate increases and portfolio...
A.M. Best’s P/C Review/Preview Report: Keeping Pace – Success for Some, but Pressures Remain
Feb 10 2004 // While underwriting improved, with a year-end 2003 combined ratio forecast at 101.1, the property/casualty industry has a long way to go before strong returns can be achieved, according to A.M. Best Co.’s annual...
Infinity Property and Casualty Corp. Releases Q4 Results
Feb 10 2004 // Alabama-based Infinity Property and Casualty Corporation, a provider of personal automobile insurance with an emphasis on nonstandard auto insurance, reported net earnings for the fourth quarter of $19.5 million or $0.94...
Zenith National Unveils Q4 Numbers
Feb 9 2004 // California-based Zenith National Insurance Corp. reported net income of $20.8 million for the fourth quarter of 2003 compared to a net loss of $7.8 million for the fourth quarter of 2002. Net income for the year ended Dec....
Country Music, Graceland, the Smoky Mountains and Soybeans’!
Feb 9 2004 // The U.S. Census Bureau’s 2000 census estimated the population of the State of Tennessee at 5.6 million. Approximately 76 percent of the adult residents had graduated from high school and about 20 percent had earned a...
The Sooner State – Garth Brooks, Wheat and Parking Meters
Feb 9 2004 // The United States Census Bureau’s Census 2000 estimated Oklahoma’s population at 3,450,654. Approximately 81 percent of the adult residents had graduated from high school and about 20 percent had earned a...
AUTO INSURANCE, WORKERS’ COMP EMERGE AGAIN AS TOP LEADING LEGAL ISSUE TRENDS:
Feb 9 2004 // Workers’ compensation and automobile insurance laws accounted for nearly 40 percent of the new property/casualty-related statutes enacted by state legislatures last year, according to the fifth annual analysis of...
More than the Denver Broncos and a Rocky Mountain High
Feb 9 2004 // The United States Census Bureau’s Census 2000 estimated the population of the State of Colorado at 4,301,261. Approximately 87 percent of the adult residents had graduated from high school and about 33 percent had...
Allmerica Financial P/C Upgraded
Feb 9 2004 // A.M. Best Co. announced that it upgraded the financial strength ratings of Massachusetts-based Allmerica Financial Corp.’s P/C companies (AFC) to “A-” (excellent) from “B++” (very good)....
Chubb Reports Q4 Net Income of $72.3 Million
Feb 5 2004 // The Chubb Corporation reported that net income in the fourth quarter of 2003 was $72.3 million or $0.38 per share, compared to net income of $56.6 million or $0.33 per share in the fourth quarter of 2002. Operating income,...
ACE Reports $421 Million Q4 Net; $1.4 Billion Full-year
Feb 5 2004 // ACE Limited reported that net income for the quarter ended December 31, 2003 was $421 million or $1.45 per share, compared with a net loss of $168 million or $0.67 per share for the prior year. For the fill year ACE posted...
Hartville to Purchase P/C Insurer
Feb 3 2004 // North Canton, Ohio-based pet insurer Hartville Group Inc. announced today that it has signed a letter option agreement to purchase a property/casualty insurance company. This is an exclusive option for Hartville to...
Crawford Notes Q4 2003 Financial Numbers
Feb 3 2004 // Atlanta-based Crawford & Company announced its financial results for the fourth quarter ended Dec. 31, 2003. Fourth quarter 2003 revenues before reimbursements totaled $175.1 million compared with $173.7 million in...
Poe Financial Group Announces New President and CEO
Feb 2 2004 // Poe Financial Group announced the promotion of their Executive Vice President, James E. Wurdeman, to President and Chief Executive Officer. William F. Poe, Sr., the current CEO, will remain Chairman of the Florida-based...
Auto Insurance, Workers’ Comp Emerge Again as Top Leading Legal Issue Trends
Jan 30 2004 // Workers’ compensation and automobile insurance laws accounted for nearly 40 percent of the new property/casualty-related statutes enacted by state legislatures last year, according to the fifth annual analysis of...
ISO Acquires Quality Planning Corporation
Jan 30 2004 // Insurance Services Office Inc. (ISO) has acquired Quality Planning Corporation (QPC), a San Francisco-based provider of analytic methods for helping auto insurance companies achieve greater rating integrity. Terms were not...
Notice on N.Y P/C License Updates
Jan 29 2004 // A message from the New York State Insurance Department, as relayed by the Professional Insurance Agents of New York, Inc., reminds all of the state’s individual P/C agents that the license renewal process is...
Largest U.S. City and Home to Thousands of Fallen Heroes
Jan 26 2004 // The United States Census Bureau’s Census 2000 estimated the population of the State of New York at 18,976,457. Approximately 79 percent of the adult residents had graduated from high school and about 27 percent had...
Georgia is More than Peaches and Peanuts
Jan 26 2004 // The U.S. Census Bureau’s 2000 census estimated the population of the State of Georgia at 8.2 million. About 79 percent of the adult residents had graduated from high school and about 24 percent had earned a...
Tennessee’s P/C Market Mirrors Challenges Other States Face
Jan 26 2004 // Paula Flowers, the commissioner of Tennessee’s Department of Commerce and Insurance, recently set aside some time to talk with Insurance Journal Southeast regarding some of the industry issues impacting the Volunteer...
