Latest Property Casualty Headlines
All the headlines from our Property Casualty Topic Page, ordered by recency.
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...
Hannover Re Q1 Net Hit by Writedowns
May 28 2003 // Germany’s Hannover Re, the world’s fifth largest reinsurer, reported an operating profit of 109 million euros ($129 million) in the first quarter of 2003, compared to 174.4 million euros ($206.5 million) in the...
Best Places Prudential’s NJ P/C Group Rating Under Review
May 27 2003 // A.M. Best Co. announced that it “has placed the financial strength rating of A- (Excellent) of the Prudential Property and Casualty New Jersey Group (PruPac New Jersey Group) (Newark, NJ) and its affiliated companies...
AscendantOne Delivers ISO-Validated Rating for Four Major Commercial Lines of Business
May 23 2003 // Analytical pricing and underwriting information for four major commercial lines of insurance from ISO is now available through AscendantOne®, Inc.’s new policy-management and rating solution, according to company...
Liberty Mutual to Acquire Majority of Prudential’s U.S. P/C Business
May 23 2003 // Boston-based Liberty Mutual Group has signed a definitive agreement to acquire Prudential Financial Inc.’s U.S. personal lines property/casualty operations in 47 states, excluding its New Jersey, specialty auto and...
Palisades Group Acquires Prudential’s NJ P/C Company
May 23 2003 // The Palisades Group, based in Berkeley Heights New Jersey, announced that it has agreed to acquire The Prudential Property and Casualty Insurance Company of New Jersey (PRUPAC-NJ), the New Jersey property and casualty unit...
Providence Washington Expands Metaserver’s P/C Integration Solution into Commercial Lines
May 21 2003 // Metaserver, Inc., a developer of Business Process Integration (BPI) software, based in New Haven CN, announced that the Providence Washington Insurance Company has chosen to expand its present investment and implementation...
CSC Rolls Out Software Products Compliant CSC e4 Integration Architecture
May 21 2003 // Computer Sciences Corporation announced the availability of new life, annuity, and property and casualty (P&C) insurance software that complies with the company’s new global standard for enterprise integration...
Herriott Joins San Fransico Office of Willis Re as VP,P/C
May 20 2003 // Willis Re Inc. announced that Paul D. Herriott, has joined their San Francisco office as a vice president. Heriott will be responsible for producing new property/casualty business in the Western Region. Heriott brings...
P&C Technology Firm Insurity Joins AAMGA
May 20 2003 // Insurity Inc., a ChoicePoint® company, headquartered in Hartford, Conn., announced that the American Association of Managing General Agents’ (AAMGA) board of directors has voted to ratify Insurity as a full-fledged...
It’s Coming, Eventually, But This Time We’re Ready for It
May 19 2003 // I hate to be the one to bring it up, but …you know it’s coming. It’s lurking, ready to pounce. Not as bad as the 1970s or 1980s, or to the depths of the late 1990s or 2000, perhaps. But it will come...
