Latest Property Casualty Headlines
All the headlines from our Property Casualty Topic Page, ordered by recency.
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...
Allmerica Names Frederick Eppinger New CEO
Aug 20 2003 // Allmerica Financial Corporation announced that it has named Frederick Eppinger, 44, President, Chief Executive Officer and Director, effective September 8. He will succeed John O’Brien, who resigned in the fall of...
Health Care Costs Play Major Role in Company’s Fortunes
Aug 18 2003 // The cost of health care is the most popular issue that politicians, employers and Americans of all walks of life are talking about. Health care in America represents approximately 15.6 percent of the Gross National Product...
Spalding Honored with ICT’s Raymond Mauk Award
Aug 18 2003 // Clem H. Spalding, who for many years played a major leadership role in the Texas automobile insurance market, was presented the Raymond Mauk Leadership Award at the Insurance Council of Texas’ Mid-Year Property and...
Production, Service & Employee Satisfaction Drive Higginbotham to the Top
Aug 18 2003 // Fort Worth-based Higginbotham & Associates began as a small personal lines agency in 1948 representing Trinity Universal Insurance Company and SAFECO. Today it is one of the largest independent agencies in North...
S&P Cuts Unitrin Debt
Aug 15 2003 // Standard & Poor’s Ratings Services lowered its counterparty credit and senior debt ratings on Chicago-based insurer Unitrin Inc. to “BBB+” from “A-” because of a decline in operating...
Allianz Posts Strong 1st Half Results, $115 Million Profit
Aug 14 2003 // Germany’s Allianz confounded many analysts’ forecasts by reporting strong gains in most of its operations, posting a net profit of 102 million euros ($115.26 million) for the first half of 2003. The...
AIA Calls on N.M. Blue Ribbon Commission to Reduce Tax Toll on Insurers
Aug 12 2003 // The American Insurance Association (AIA) led a delegation of property-casualty trade associations on Monday in urging New Mexico’s Blue Ribbon Tax Reform Commission to recommend real improvements to the state’s...
CPCU Society Gathers in New Orleans Oct. 11-14
Aug 11 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...
EMC Reports Q2 Results
Aug 8 2003 // Des Moines, Iowa-based carrier EMC Insurance Group Inc. operating income of 9 cents per share for the second quarter ended June 30, 2003 compared to operating income of 45 cents per share for the second quarter of 2002....
