Latest Property Casualty Headlines
All the headlines from our Property Casualty Topic Page, ordered by recency.
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...
P/C Industry’s Net Income Surges, But Slowing Premium Growth May Hamper Further Progress, Report Says
Dec 23 2003 // According to a report released by the Insurance Services Office Inc. (ISO) and the National Association of Independent Insurers, the U.S. property/casualty industry’s net income after taxes increased to $21.1 billion...
Best Assigns Debt, Financial Strength Ratings to Horace Mann
Dec 22 2003 // A.M. Best Co. announced that it has assigned indicative ratings of “bbb-” to unsecured senior debt, “bb+” to subordinated debt and “bb” to preferred stock to Horace Mann Educators...
AFG Sells Last Shares of Infinity P&C, Nets $35 Million
Dec 18 2003 // Cincinnati, Ohio-based insurer American Financial Group announced today the closing of the sale of its remaining shares in Infinity Property and Casualty Corp. Net proceeds from the sale were $227 million. AFG expects to...
Conning Study Says P/C Insurers’ Loss Reserves Hit Turning Point as Deficiencies Decrease
Dec 17 2003 // Three years of rising property/casualty rates have finally had a favorable impact on loss reserves, substantially reducing estimated deficiency, according to the latest annual study on the subject by Conning Research...
Infinity Property and Casualty Reports Pricing of Secondary Offering
Dec 15 2003 // Alabama-based Infinity Property and Casualty Corporation, a national provider of personal automobile insurance with an emphasis on non-standard auto insurance, announced that the secondary offering of 7,850,465 shares of...
A.M. Best: P/C Industry Notes Strong Q3 Results, But Reserve Development, Rate Deceleration Emerge
Dec 15 2003 // The property/casualty industry reported strong premium growth and vastly improved underwriting results during the first nine months of 2003, compared with the same period of 2002, according to A.M. Best Co. Driving these...
Conference Sure of Firm Market, Uncertain About Future of Regulation
Dec 15 2003 // Except for the future of insurance regulation, there was surprising unanimity on leading issues facing the property and casualty insurance industry among both panelists and guests at the Fifteenth Annual Executive...
Canada’s P/C Insurers Report Weaker Q3 Results from Auto Losses
Dec 15 2003 // According to a bulletin from the Insurance Bureau of Canada, the country’s P/C insurers posted generally weaker financial results in the third quarter of 2003, due largely to a downward trend in the auto insurance...
Conference Sure of Firm Market, Uncertain About Future of Regulation
Dec 15 2003 // Except for the future of insurance regulation, there was surprising unanimity on leading issues facing the property and casualty insurance industry among both panelists and guests at the Fifteenth Annual Executive...
