Latest Property Casualty Headlines
All the headlines from our Property Casualty Topic Page, ordered by recency.
CSC Unveils Software for Small- to Mid-Sized P/C Insurers
Jul 2 2003 // Computer Sciences Corporation has introduced POINT IN, insurance administration software CSC designed for small- to mid-sized property and casualty (P/C) insurers and managing general agents. POINT IN, which is a new...
Torquest Partners, Other Investors Acquire Gerllng’s Canadian P/C Operations
Jul 1 2003 // Torquest Partners Inc., Newport Partners Inc., CIBC Capital Partners, a division of Canadian Imperial Bank of Commerce, and company senior management (the Investors) announced that they have acquired Gerling Canada...
Travelers P/C Appoints Bloom CIO
Jun 30 2003 // William Bloom joined Travelers Property Casualty Corp. as senior vice president and Chief Information Officer, responsible for the company’s technology platform, including its telecommunications systems. Bloom most...
Fair Isaac Announces New Executive Appointments
Jun 27 2003 // San Rafael, Calif.-based Fair Isaac Corporation announced two new appointments to their executive staff. Cy King has been appointed vice president of Property and Casualty Predictive Analytic Solutions and Joel Portice has...
The Hartford Names Johnston Chief Actuary for P/C Operations
Jun 25 2003 // The Hartford Financial Services Group has appointed Tom Johnston senior vice president and chief actuary for its property/casualty operations effective July 1. Johnston, currently the finance director for property/casualty...
Horace Mann Affirmed by Best
Jun 23 2003 // A.M. Best Co. has affirmed the financial strength ratings of “A” (Excellent) of Springfield, Ill.-based Horace Mann Educators Corp.’s insurance operating subsidiaries. Concurrently, A.M. Best has affirmed...
A.M. Best Says P/C Industry’s Combined Ratio Under 100 Despite High Cat Losses, Reserve Development
Jun 23 2003 // The property/casualty industry’s combined ratio improved about 2.6 points to 99.7 for the first quarter in 2003, the industry’s strongest first-quarter underwriting performance in the most recent five-year...
CONNING RESEARCH SAYS P/C OUTLOOK NOT AS BRIGHT AS RISING PREMIUM RATES SUGGEST:
Jun 23 2003 // Despite substantial rate increases over the past three years, property/casualty insurers will not see any dramatic improvement in their financial results by 2004, according to Conning Research & Consulting Inc....
P/C Q1 Net Income Up 20.6 Percent, Driven by Underwriting Results and Investment Gains
Jun 23 2003 // The U.S. property/casualty industry’s net income after taxes rose 20.6 percent to $6.4 billion in first-quarter 2003 from $5.3 billion in first-quarter 2002, driven by improved underwriting results and an increase in...
Q1 Numbers an Improvement, But Concerns Stand on the Horizon
Jun 23 2003 // The property/casualty insurance industry reported a statutory rate of return of 8.8 percent in the first quarter of 2003, up from a disappointing 1.0 percent in 2002 and the worst-ever negative 2.4 percent recorded in...
Document Sciences Corp. Unveils Content Processing for P/C Insurers
Jun 19 2003 // California-based Document Sciences Corporation (www.docscience.com), a provider in automating creation and delivery of enterprise business communications, recently unveiled a comprehensive solution for generating property...
S&P Affirms State Farm Group Members Rtgs; Outlook Stable
Jun 19 2003 // Standard & Poor’s has affirmed its ‘AA’ counterparty credit and financial strength ratings on State Farm Mutual Automobile Insurance Co. (SFMA) and five other interactively rated members of the State...
S&P Report Finds French Market is ‘Stable’
Jun 18 2003 // A report on the French insurance market released by Standard & Poor’s Ratings Services calls the outlook in both the life and P/C sectors “stable.” S&P had previously classed the P/C...
Insurers Ask NAIC to Nix Plans to Extend Pilot Project
Jun 17 2003 // The property/casualty industry voiced its “strongest objections” to any decision by the National Association of Insurance Commissioners (NAIC) to extend the annual statement data collection parameters of their...
FITCH SEES P/C INSURERS’ UNDERWRITING RESULTS IMPROVING IN ’03:
Jun 9 2003 // Fitch Ratings’ current estimate is that the domestic P/C industry will experience an improvement in the combined ratio to 103.9 percent in 2003 from 107.2 percent in 2002, with an increase in premium volume of...
The Ratings Game
Jun 9 2003 // Every day, agents and brokers use financial strength ratings of insurers in their business. A carrier’s ratings may affect an agent’s ability to place risks with that insurer, or the client’s willingness...
Managing General Agencies: Your Own Benefits Department
Jun 9 2003 // This is the first of an ongoing series on employee benefits. Insurance Journal will increase this series as we attract more advertising from employee benefits suppliers. What information would you like to see regarding...
Conning Research Says P/C Outlook Not as Bright as Rising Premium Rates Suggest
Jun 3 2003 // Despite substantial rate increases over the past three years, Property/Casualty insurers will not see any dramatic improvement in their financial results by 2004, according to Conning Research & Consulting,...
S&P’s Revises GE P/C Companies Outlook to Negative; Ratings Affirmed
Jun 2 2003 // Standard & Poor’s has revised its outlook on GE Property & Casualty Insurance Co., GE Casualty Insurance Co., GE Auto & Home Assurance Co., and GE Indemnity Insurance Co. (collectively referred to as...
Report Taiwan’s Chang Hwa Bank Establishes P/C Unit
May 30 2003 // A report from Dow Jones Newswire describes a new, wholly owned, P/C insurer established in Taiwan by Chang Hwa Commercial Bank, called CHB Insurance Brokerage Co. The DJ report indicated that the bank is seeking to expand...
