Latest Property Casualty Headlines
All the headlines from our Property Casualty Topic Page, ordered by recency.
CNA Appoints Robert V. James Exec-VP for U.S. Operations
Aug 20 2002 // CNA announced that Robert V. James has been promoted to CNA insurance companies’ executive vice president of U.S. Insurance Operations for CNA Property & Casualty Operations, effective August 26, 2002. The...
Fitch Report Estimates Billions in Continued Asbestos Costs
Aug 19 2002 // Fitch Ratings released a special report, “Asbestos: Impact on the U.S. Insurance Industry,” describing how future claims will affect property and casualty insurers. The report includes estimates of...
Hartford Fire Outlook Neg
Aug 19 2002 // Standard & Poor’s said the outlook for Hartford Fire Insurance Co. and related property/casualty entities remains negative despite the trend toward improved earnings throughout the remainder of 2002. The...
SAFECO Affirmed
Aug 19 2002 // S&P assigned its preliminary “BBB+” senior debt, “BBB” subordinated debt, and “BBB-” preferred stock ratings to Seattle-based SAFECO Corp.’s $900 million universal shelf...
Hartford Fire Outlook Neg.
Aug 19 2002 // Standard & Poor’s said the outlook for Hartford Fire Insurance Co. and related property/casualty entities remains negative despite the trend toward improved earnings throughout the remainder of 2002. The...
Acceptance Companies Notes Loss
Aug 14 2002 // Iowa-based Acceptance Insurance Companies Inc. announced a net after-tax loss of $5.2 million, or $0.36 per share, for the three months ended June 30, 2002. This compares with a net after-tax loss of $888,000, or $0.06 per...
XML Provides the Missing Link for SEMCI
Aug 13 2002 // Agents have faced the problem ever since insurance companies first introduced applications. Each company had its own form, so the agent who wanted to submit the same account to several underwriters had to write the same...
Royal & Sun Alliance Group Reports Continuing Good Performance
Aug 12 2002 // Royal & Sun Alliance Insurance Group, the parent of Royal & SunAlliance USA, reported a Group operating result of $458 million for the first half of 2002. The company also announced an underlying operating result...
Aon Corporation – John Intondi
Aug 5 2002 // Aon Corporation made several appointments to the Property and Casualty Group of its Combined Specialty Group Inc. John Intondi was appointed senior vice president, Claims, and will be responsible for all claims matters for...
New Fitch Report Estimates Billions in Asbestos Liability Costs
Aug 5 2002 // Fitch Ratings released a special report, “Asbestos: Impact on the U.S. Insurance Industry,” describing how future claims will affect property and casualty insurers. The report includes estimates of...
Lewis Promoted to President & CEO of CNA Property & Casualty
Aug 2 2002 // CNA Financial Corporation announced that, effective Aug. 26, James Lewis will become the new president and CEO of CNAProperty & Casualty Operations, CNA’s largest operating business. In his new position, Lewis...
American Family’s ‘AA’ IFS Rating Affirmed
Aug 2 2002 // Fitch Ratings has affirmed the “AA” insurer financial strength rating of American Family Mutual Insurance Company (American Family) and its three property- casualty insurance subsidiaries, American Standard...
Rhodes Named National Accounts Manager for ERC’s P&C North American Direct
Aug 2 2002 // Kansas-based GE Employers Reinsurance Corporation (ERC) named Kyle Rhodes National Accounts Manager for ERC’s Property & Casualty North American Direct Business. Rhodes and his team are responsible for U.S....
S&P’s Says Hartford Fire Outlook Remains Negative
Jul 31 2002 // Standard & Poor’s Ratings Services, commenting on Hartford Fire Insurance Co.’s (Hartford Fire) second-quarter earnings, said that the outlook for the company and related property/casualty entities remains...
Insurers List Top Restructuring Strategies
Jul 30 2002 // In a departure from traditional corporate restructuring strategies, insurers are choosing ventures, alliances and outsourcing over mergers and acquisitions as their preferred vehicles for corporate restructuring, according...
Zurich North America Develops Alliance with Americana Program Underwriters
Jul 30 2002 // Zurich North America has formed a strategic alliance with Americana Program Underwriters to introduce the PhysiciansProUSA program, offering property and casualty and selected professional liability...
AIG Says P/C Rates Likely to Continue Rising
Jul 26 2002 // AIG chairman M.R. Greenberg says that property and casualty rates are likely to continue their upward climb in 2003. Greenberg reported in a conference call with analysts that insurers are rebuilding their capital base,...
Colo. P/C Insurer Fined
Jul 25 2002 // The Colorado Division of Insurance has fined property/casualty insurer GuideOne Mutual Insurance Company $15,500 as a result of a recent market conduct examination. Violations cited included the alleged failure of the...
Horace Mann Restructuring P/C Claims Operations
Jul 25 2002 // Horace Mann Educators Corporation is restructuring its property and casualty claims operations. The company expects to realize operating and cost efficiencies and also improve customer service by consolidating claims...
Profits Fell, Losses Climbed for P/C Industry
Jul 22 2002 // It’s pretty much common knowledge by now that the property and casualty insurance industry suffered tremendous losses in 2001, and although the tragedies of September 11 can be blamed for much of the economic...
