Latest Property Casualty Headlines
All the headlines from our Property Casualty Topic Page, ordered by recency.
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...
No More Tea Parties in the Bay State
Jan 12 2004 // The U.S. Census Bureau’s Census 2000 estimated the population of the state of Massachusetts at 6,379,304. Approximately 85 percent of the adult residents residing in the state had graduated from high school and more...
More Than a Retirement Center and an Exporter of Oranges
Jan 12 2004 // The U.S. Census Bureau’s 2000 census estimated the population of the State of Florida at 15.9 million. About 80 percent of the adult residents had graduated from high school and about 22 percent had earned a...
Texas-More than Just the Alamo and Football
Jan 12 2004 // The United States Census Bureau’s Census 2000 estimated the population of the State of Texas at 20,851,820. Approximately 76 percent of the adult residents had graduated from high school and about 16 percent had...
Schwarzenegger Governs One-Eighth of the U.S. Population
Jan 12 2004 // The U.S. Census Bureau’s Census 2000 estimated the population of the California at 33,871,648. Approximately 76 percent of the adult residents had graduated from high school and about 16 percent had earned a college...
Tillinghast Says More Consolidation in 2004
Jan 12 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...
Moody’s Comments on Italian P/C Insurers Outlook and Ratings
Jan 9 2004 // A report from Moody’s Investors Service notes a stable rating outlook for Italy’s rated P/C insurers and a steady improvement in results since 2001. “The continued upturn for most of the seven rated...
Infinity Property and Casualty Notes Exercise of Over-Allotment Option
Jan 8 2004 // Alabama-based Infinity Property and Casualty Corporation, a provider of personal automobile insurance with an emphasis on nonstandard auto insurance, announced that the underwriters of its recent secondary offering have...
Fitch Affirms AFG and Subs
Jan 7 2004 // Fitch Ratings has affirmed the ‘BBB+’ long-term issuer ratings of American Financial Group Inc. (AFG) and its subsidiaries American Premier Underwriters Inc. (APU) and Great American Financial Resources Inc....
New California P/C Trade Association Formed
Jan 6 2004 // A new California state P/C trade association is being formed by a group of small and mid-sized California domestic insurers. The members write homeowners, auto and commercial lines except workers’ compensation and...
Cotton States to Affiliate With Country P/C Pool
Dec 31 2003 // Atlanta-based Cotton States Insurance Group and Country Insurance & Financial Services of Bloomington, Ill., have entered into definitive agreements implementing their prior agreements regarding the acquisition of...
W.R. Berkley Corp., Operating Companies Ratings Affirmed; Outlook Negative
Dec 29 2003 // Standard & Poor’s affirmed its ‘BBB+’ counterparty credit rating on W. R. Berkley Corp. At the same time, Standard & Poor’s affirmed its ‘A+’ counterparty credit and financial...
