Latest Property Casualty Headlines
All the headlines from our Property Casualty Topic Page, ordered by recency.
Safeco Produces Strong Underwriting Results in Auto, Homeowners and Surety
Oct 28 2003 // Safeco – which recently announced a clear focus on Property & Casualty insurance – reported strong third-quarter underwriting results in most insurance lines. “We generated healthy underwriting...
Crawford Notes Q3 and Nine Month Financial Results
Oct 28 2003 // Atlanta-based Crawford & Company announced its financial results for the third quarter ended Sept. 30. Third quarter 2003 revenues before reimbursements totaled $172.2 million compared with $175.9 million in the 2002...
Infinity Property and Casualty Corp. Reports Successful Q3 Numbers
Oct 28 2003 // 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 third quarter of $15.0 million or $0.72...
PIANY Prepares Advice as Governor Signs Producer Licensing Bill
Oct 24 2003 // The Professional Insurance Agents of New York is preparing an in-depth guide for members to explain the changes made by the state’s new producer licensing bill, S.5729, which was signed into law by the Governor on...
Commentary on First Half 2003 Results
Oct 20 2003 // The property/casualty insurance industry reported a statutory rate of return of 9.7 percent in the first half of 2003, up from a disappointing 1.0 percent in 2002 and the worst-ever negative 2.4 percent recorded in 2001....
Insurance Journal 80th Anniversary
Oct 20 2003 // One-on-One with Mark Wells, Publisher of the Insurance Journal By Charles E. Boyle Despite his still somewhat boyish appearance, Mark Wells has been the publisher of the Insurance Journal for 33 years, a long time in any...
Happy 80th Birthday Insurance Journal
Oct 20 2003 // Not many businesses can make the claim, “we’re 80 years old.” Now Insurance Journal can. It’s hard to believe we started in Los Angeles in 1923 as a life insurance magazine. My family came on the...
AIG Subs Affirmed, Outlook Neg
Oct 20 2003 // Moody’s Investors Service confirmed the “Aaa” insurance financial strength (IFS) ratings of the eight rated members of AIG’s U.S. commercial insurance group (Domestic Brokerage Group, or DBG)....
Insurance Journal 80th Anniversary
Oct 20 2003 // One-on-One with Mark Wells, Publisher of the Insurance Journal By Charles E. Boyle Despite his still somewhat boyish appearance, Mark Wells has been the publisher of the Insurance Journal for 33 years, a long time in any...
Several Oregon P/C Insurance Measures Signed Into Law
Oct 20 2003 // Oregon Governor Ted Kulongoski recently signed several pieces of significant property/casualty insurance legislation, including measures dealing with credit reports, taxes, auto insurance coverage and environmental...
Commentary on First Half 2003 Results
Oct 20 2003 // The property/casualty insurance industry reported a statutory rate of return of 9.7 percent in the first half of 2003, up from a disappointing 1.0 percent in 2002 and the worst-ever negative 2.4 percent recorded in 2001....
Happy 80th Birthday Insurance Journal
Oct 20 2003 // Not many businesses can make the claim, “we’re 80 years old.” Now Insurance Journal can. It’s hard to believe we started in Los Angeles in 1923 as a life insurance magazine. My family came on the...
Travelers P/C Q3 Net Income Rises 28 Percent
Oct 17 2003 // Travelers Property Casualty Corp. today reported a 28 percent increase in net income for the third quarter to $426.1 million, or $0.42 per share diluted ($0.43 basic), from $332.3 million or $0.33 per share, basic and...
Several Oregon P/C Insurance Measures Signed Into Law
Oct 14 2003 // Oregon Governor Ted Kulongoski recently signed several pieces of significant property/casualty insurance legislation, including measures dealing with credit reports, taxes, auto insurance coverage and environmental...
AIG to Buy 9.9% Stake in Chinese P/C Insurer
Oct 10 2003 // American International Group plans to further expand its already extensive activities in China by Buying a 9.9 percent stake in PICC Property & Casualty Co., the country’s largest general insurer with a 70...
MarketScout Chairman Sees Softening of the Market
Oct 7 2003 // Is the cyclical hard market taking a turn for the soft? According to one expert, that is just what appears to be happening. “The property and casualty insurance market is softening. As a result, business owners will...
Under the Gun, NAIC Recommits to Modernization
Oct 6 2003 // In response to congressional pressure to more effectively regulate insurance at the state level or face federalization, the National Association of Insurance Commissioners (NAIC) unanimously passed its revised statement of...
P/C Reserving Issues
Oct 6 2003 // Loss and loss adjustment expense reserves are one of the more important factors utilized to scrutinize property and casualty insurance financial statements. A review of the June 30, 2003 quarterly statements of 2,569...
LOMA, AICPCU/IIA Partner to Offer P/C Concentration for LOMA’s Associate, Customer Service Designation
Oct 6 2003 // LOMA and the American Institute for CPCU/Insurance Institute of America (AICPCU/IIA) have partnered to offer a new property-casualty concentration in LOMA’s Associate, Customer Service (ACS) professional designation...
S&P Affirms Aviva Canada Subs ‘A’ Ratings
Oct 3 2003 // Standard & Poor’s Ratings Services announced that it has affirmed its counterparty credit and financial strength ratings on the primary operating subsidiaries of Toronto, Ont.-based insurance holding company...
