Latest Property Casualty Headlines
All the headlines from our Property Casualty Topic Page, ordered by recency.
Kingsway Names Two Execs, Private Placement Raises $10 Million
Oct 3 2003 // William G. Star, President & CEO of Toronto based truck and non-standard auto insurer Kingsway Financial Services Inc., announced the appointments of John McGlynn as President and CEO of Kingsway General Insurance...
S&P Comments on Safeco Corp. and Subsidiaries
Oct 2 2003 // Standard & Poor’s Ratings Services commented on SAFECO Corp. and its subsidiaries. On Sept. 29, 2003, Standard & Poor’s affirmed its ‘BBB+’ counterparty credit rating on SAFECO Corp. and...
CPCU Society to Highlight Results From P/C Survey at Annual Meeting
Oct 1 2003 // The CPCU Society invites insurance professionals to “Jazz Up Your Career!” at the CPCU Society’s 59th Annual Meeting and Seminars in New Orleans, Oct. 11-14. Join CPCUs, the New Designee Class of 2003,...
$14.5 Billion First Half Profit for P/C Industry
Sep 30 2003 // The U.S. property/casualty industry’s net income after taxes rose to $14.5 billion in first-half 2003 from $4.4 billion in first-half 2002, as both underwriting and investment results improved, according to Insurance...
Safeco Sells Life & Investments to Focus on P/C Insurance
Sep 30 2003 // Aiming to be one of the top-performing companies in its sector, Safeco unveiled a new corporate structure with a clear focus on delivering Property & Casualty insurance products. As a result, Safeco intends to sell...
ERC Announces Appointments
Sep 26 2003 // Overland Park, Kan.-based GE’s Employers Reinsurance Corporation (ERC) announced several new appointments. David Bassi is the new global risk and underwriting leader for ERC’s P/C reinsurance unit; Cora...
WorthMark Unveils Broker-Dealer Model to Personal Lines Firms
Sep 25 2003 // St. Paul, Minn.-based WorthMark Financial Services announced a new option for property/casualty insurance firms interested in bringing financial services to their clients. With its joint venture broker-dealer business...
GE P/C Ratings Raised, Outlook Stable
Sep 22 2003 // Standard & Poor’s Ratings Services raised its financial strength ratings on GE Property & Casualty Insurance Co., GE Casualty Insurance Co., GE Auto & Home Assurance Co., and GE Indemnity Insurance Co....
A.M. Best Says P/C Industry Maintains Improving Results, Staying Power Questioned
Sep 16 2003 // The property/casualty industry reported robust premium growth and considerably improved underwriting results during the first six months of 2003 over the comparable period of 2002. Driving these results reportedly are the...
Paul Kovacs Appointed President and CEO of PACICC
Sep 15 2003 // Alain Thibault, Chairman of the Board of Directors of Canada’s Property and Casualty Insurance Compensation Corporation (PACICC) announced that Paul Kovacs has been named PACICC’s next President and Chief...
Travelers P/C Adds Real-Time Billing Inquiry and On-Line Policy Summary for Personal Lines
Sep 12 2003 // Travelers Property Casualty announced that PL Policy Summary and Billing Inquiry are now available to independent agents for Travelers personal lines insurance policies. These new e-services are accessed directly through...
How do you Spell Relief’ Surplus Lines
Sep 8 2003 // Premium growth continues unabated for surplus line carriers, the insurance industry’s relief pitchers. They find themselves the beneficiaries of a standard marketplace still skittish about placing risks in lines...
ISO Says P/C’s Net Worth Continues to Decline Despite Rising Profits
Sep 8 2003 // While strong underwriting results propelled the property/casualty industry to profitability in 2002, insurers have not fully recovered from anemic premium growth of the 1990s and Sept. 11 losses, according to a...
CPCUs IN THE BIG EASY
Sep 8 2003 // CPCUs can learn about the latest property and casualty insurance topics at the CPCU Society’s 59th Annual Meeting and Seminars, taking place in New Orleans, Oct. 11-14. The Annual Meeting’s Property and...
How Do You Spell Relief’ Surplus Lines
Sep 8 2003 // Premium growth continues unabated for surplus line carriers, the insurance industry’s relief pitchers. They find themselves the beneficiaries of a standard marketplace still skittish about placing risks in lines...
AMS to Provide Employee Benefits Automation
Sep 5 2003 // AMS Services Inc. is introducing two new products, AMS Benefits Workflow and AMS Benefits Administration, both of which are the primary offerings of a new AMS business unit called AMS Benefits. The creation of these new...
Husband-and-Wife Agency Owners Arrested in Louisiana
Sep 3 2003 // Louisiana Insurance Commissioner Robert Wooley announced that two insurance agents, Jonathan Horace Jones and his wife Cindy Marie Jones, both of New Iberia, were arrested and their insurance agency was shut down for...
Infinity P&C Corp. Names New Directors
Aug 20 2003 // Birmingham, Ala.-based Infinity Property and Casualty Corporation announced the appointment of Harold E. Layman and Jorge G. Castro to its Board of Directors. Layman served as president & CEO of Blount International,...
Zurich Bounces Back – Posts $701 Million 1st Half Net Income
Aug 20 2003 // Zurich Financial Services has apparently turned the corner after some very rough times. The company’s 1st half results show net income of $701 million – well above most analysts’ expectations –...
Allianz German P/C Operations Post Premium Gains
Aug 20 2003 // Allianz Property and Casualty Group Germany, which combines the property and casualty insurance business of the German Allianz companies, achieved a positive underwriting result in the first half-year of 2003 as gross...
