Latest Property Casualty Headlines
All the headlines from our Property Casualty Topic Page, ordered by recency.
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...
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...
