Latest Property Casualty Headlines
All the headlines from our Property Casualty Topic Page, ordered by recency.
Members Approve Trade Association Merger; New Group Known as PCI
Jan 26 2004 // Members of the Alliance of American Insurers and the National Association of Independent Insurers (NAII) finalized the merger of the trade groups forming a new association to be known as Property Casualty Insurers...
Ohio P/C Market Should Keep Pace With Countrywide Patterns
Jan 26 2004 // The U.S. Census Bureau’s 2000 census estimated Ohio’s population at 11.4 million. About 83 percent of the adult residents had graduated from high school and about 21 percent had earned a bachelor’s degree...
Tillinghast Says More Consolidation in 2004
Jan 26 2004 // The insurance industry is at a critical juncture, with issues surrounding consolidation, pricing, legislative reforms and capital concerns shaping the market for 2004, according to year-end industry predictions from...
Members Approve Association Merger; New Group Opens Doors as PCI
Jan 26 2004 // Members of the Alliance of American Insurers and the National Association of Independent Insurers (NAII) finalized the merger of the trade groups forming a new association to be known as the Property Casualty Insurers...
Terms of Credit History Use Still Being Negotiated
Jan 26 2004 // The Texas Department of Insurance held a public hearing Jan. 7, 2004 to consider a proposal that would cap the amount by which insurance companies could increase or decrease rates in personal lines insurance because of an...
Members Approve Association Merger; New Group Opens Doors as PCI
Jan 26 2004 // Members of the Alliance of American Insurers and the National Association of Independent Insurers (NAII) finalized the merger of the trade groups forming a new association to be known as the Property Casualty Insurers...
Beyond the Bayou and Mardi Gras
Jan 26 2004 // The United States Census Bureau’s Census 2000 estimated the population of the State of Louisiana at 4,468,976. Approximately 75 percent of the adult residents had graduated from high school and about 19 percent had...
Texas P/C and Lloyd’s Premium – 2002
Jan 26 2004 // The Texas Department of Insurance submitted its 128th Annual Report to the Texas Governor and Legislature in November 2003. The information provided in the tables below are taken from that report. The first shows premium...
I.I.I. Survey Reports Industry Leaders Expect Improved Profits in 2004
Jan 26 2004 // Leaders of the property/casualty insurance industry expect an improvement in profitability for 2004 compared with last year, according to a survey conducted by the Insurance Information Institute (I.I.I.) at its eighth...
More than the Grand Canyon and Copper
Jan 26 2004 // The United States Census Bureau’s Census 2000 estimated the population of the State of Arizona at 5,130,632. Approximately 80 percent of the adult residents had graduated from high school and about 24 percent had...
E&S Foresight and Good Management Ease Hard Market Pains
Jan 26 2004 // As you have no doubt heard by now, this hard market is not just longer; it is fundamentally different. It is by all reports the most moderate in memory, characterized by fewer and less dramatic disruptions of normal market...
AFG and Subs Affirmed
Jan 26 2004 // Fitch Ratings affirmed the “BBB+” long-term issuer ratings of American Financial Group Inc. (AFG) and its subsidiaries American Premier Underwriters Inc. and Great American Financial Resources Inc. (GAFR). The...
Conference Attendees Told TRIA Needs Careful Examination by Insurers
Jan 23 2004 // Insurers will have to make tough public policy decisions regarding whether the Terrorism Risk Insurance Act (TRIA) should be extended beyond its sunset date of Dec. 31, 2005, attendees at the ExecuSummit Conference in New...
Best Upgrades Allmerica Financial P/C Ratings to ‘A-‘
Jan 22 2004 // A.M. Best Co. announced that it has upgraded the financial strength ratings of Massachusetts-based Allmerica Financial Corp.’s P/C companies (AFC) to “A-” (Excellent) from “B++” (Very Good)....
Companion P&C to Provide Workers’ Comp in Arkansas
Jan 15 2004 // Companion Property & Casualty Insurance Group announced that the National Council on Compensation Insurance (NCCI) has awarded the company one of the servicing carrier contracts for the Arkansas Workers’...
Weiss: 18 P/C Insurers Failed in 2003
Jan 14 2004 // With the economy gaining momentum during the second half of 2003, the number of failed insurance companies declined 21.4 percent, to 22 compared to 28 insurer insolvencies in 2002, according to Weiss Ratings Inc.. Four...
St. Louis MGA Acquired by BISYS
Jan 14 2004 // New York City-based commercial lines wholesaler BISYS has acquired St. Louis-based Uhlemeyer Services Inc., a managing general agency that specializes in workers’ compensation. BISYS said the acquisition complements...
LDI to Hold P/C Insurance Summit
Jan 13 2004 // The Louisiana Department of Insurance announced it is holding a property/casualty insurance summit, “We’re Taking the Politics Out Of Insurance,” on Jan. 14, 2004. The summit, hosted by Insurance...
Alliance, NAII Boards Approve Merger; New Group to be Called PCI
Jan 12 2004 // The governing boards of two of the nation’s largest property/casualty trade groups have agreed to a merger that would have more than 1,000 members and represent 40 percent of the P/C marketplace. The National...
Slow Ill. Job Market May Mean Less P/C Growth
Jan 12 2004 // The 2000 census estimated Illinois’ population at 12.4 million. More than 81 percent of the adult residents had graduated from high school and over 26 percent had earned a bachelor’s degree. Chicago’s 2.9...
