Latest Property Casualty Headlines
All the headlines from our Property Casualty Topic Page, ordered by recency.
Agency Ideas® Launches Redesigned Web Site
Oct 17 2002 // Cary, N.C.-based Agency Ideas® announced the comprehensive redesign of it’s flagship website: www.agencyideas.com. “The site is now organized into sections: Sales & Marketing, Cross-Selling, and Producer...
WEISS REPORTS P/C INSURERS POST $5.5B PROFIT IN 1stQ 2002
Oct 14 2002 // The nation’s property and casualty insurers reported a $5.5 billion profit for the first three months of 2002, representing a $260 million, or 4.9 percent, increase over the same period last year, according to Weiss...
LWCC Named One of Ward’s 50
Oct 10 2002 // The Louisiana Workers’ Compensation Corporation (LWCC) was recognized as being one of the top 50 property and casualty insurers in the nation by Ward Group, a Cincinnati-based management consulting firm specializing...
Foremost Mobilehome Insurance Rates to Increase
Oct 10 2002 // Nevada Insurance Commissioner Alice A. Molasky-Arman has approved a mobile homeowners insurance rate change for the Foremost Insurance Company Grand Rapids, Michigan (“Foremost Insurance”), American Federation...
Despite Better Pricing, A.M. Best Reports P/C Rating Downgrades Outpace Upgrades
Oct 8 2002 // The property/casualty industry saw a gain in the number of rating downgrades issued by A.M. Best Co. for the second consecutive year, according to the special report, “Rating Downgrades Outpace Upgrades Despite...
A.M. Best E&S Review Reports 35 Percent Increase in Direct Premium Volume
Oct 8 2002 // The U.S. excess and surplus lines market reported a 35 percent increase in direct premium volume in 2001, according to the “Annual Review of the Excess & Surplus Lines Industry-September 2002,” released by...
CONNING SAYS SMALL P/C INSURERS EXCEL
Sep 30 2002 // While many experts have questioned the continued viability of small insurers, this group actually grew faster than the largest insurers and achieved better underwriting results during the period 1996-2000, according to a...
P&C Net Income Sees 1st Half Surge; Surplus Dips on Weak Investment Results
Sep 25 2002 // The U.S. property/casualty industry’s net income after taxes rose 66.4 percent to $4.6 billion in first-half 2002 from $2.8 billion in first-half 2001, primarily because of improved underwriting results. But the...
AAI Says P&C First-Half Results Could be Better
Sep 25 2002 // The six-month profit increase earned by property & casualty insurers reported recently by A.M. Best Co. is a step in the right direction, but conditions in the industry aren’t as rosy as such improved financials...
Weiss Reports P/C Insurers Post $5.5B Profit in 1stQ 2002
Sep 24 2002 // The nation’s property and casualty insurers reported a $5.5 billion profit for the first three months of 2002, representing a $260 million, or 4.9 percent, increase over the same period last year, according to Weiss...
Patriot Act Final Rules on Money Laundering Exempt P/C Insurers
Sep 20 2002 // The U.S. Treasury Department’s final rules on implementation of the USA Patriot Act exclude property/casualty insurers from specific sections of the law aimed at detecting terrorists’ money laundering schemes...
Skywire Software, Tobat Capital Acquire Thazar Solutions
Sep 20 2002 // Skywire Software, a software development and EAI products and services company based in Frisco, Texas, along with investment partner Tobat Capital, announced the acquisition of Thazar Solutions Corporation. Thazar...
Conning Says Despite Predictions of Their Demise, Small P/C Insurers Excel
Sep 16 2002 // While many experts have questioned the continued viability of small insurers, this group actually grew faster than the largest insurers and achieved better underwriting results during the period 1996-2000, according to a...
Expanding the Pie
Sep 16 2002 // We have all heard the old adage that to succeed we need to do one thing and do it well. That might be one formula for success, but it is not the only one. There are two main types of growth—vertical and horizontal....
Expanding the Pie
Sep 16 2002 // We have all heard the old adage that to succeed we need to do one thing and do it well. That might be one formula for success, but it is not the only one. There are two main types of growth—vertical and horizontal....
AAI Says Economic Factors Driving P&C Rates; Urges Regulators to Resist Rush to Regulate
Sep 10 2002 // Economic factors such as rapidly increasing claims costs are driving the increase in insurance premiums, according to the Alliance of American Insurers. “As the insurance industry recovers from its disastrous results...
P&C Insolvency Exposure – 2001 to 2002
Sep 2 2002 // When the Sept. 10, 2001 issue of the Insurance Journal carried Demotech’s predictions on the maximum number of insolvencies that would occur in the property and casualty insurance industry over the period Jan. 1,...
P&C Insolvency Exposure – 2001 to 2002
Sep 2 2002 // When the Sept. 10, 2001 issue of the Insurance Journal carried Demotech’s predictions on the maximum number of insolvencies that would occur in the property and casualty insurance industry over the period Jan. 1,...
IIABA Calls on State Securities Regulators to Identify Fraud Perpetrators
Aug 28 2002 // A news release on investment fraud scams issued by a state securities regulator group grossly misidentifies the perpetrators as independent insurance agents, said Independent Insurance Agents & Brokers of America...
Robert James Promoted to EVP, U.S. Ins. Operations for CNA P&C
Aug 26 2002 // Robert V. James has been promoted to CNA insurance companies’ executive vice president of U.S. Insurance Operations for CNA Property & Casualty Operations. The announcement came from James R. Lewis who precedes...
