Latest Property Casualty Headlines
All the headlines from our Property Casualty Topic Page, ordered by recency.
P/C Industry’s 1stQ Net Income Falls 7.3 Percent
Jun 27 2002 // The U.S. property/casualty industry’s net income after taxes dropped 7.3 percent to $5.1 billion in first-quarter 2002 from $5.5 billion in first-quarter 2001, according to just released information from Insurance...
Five P&C Insurers License CSC Systems
Jun 26 2002 // California-based Computer Sciences Corporation has put together five new licensing agreements with property and casualty insurers seeking to increase efficiency through packaged application software. The insurers include...
Debt Ratings Assigned for American Financial Group
Jun 25 2002 // A.M. Best Co. assigned initial debt ratings to the existing debt of Cincinnati-Ohio-based American Financial Group Inc. Included is the assignment of a “bbb” to American Financial Group Inc.’s senior...
China Opening Doors to Insurance Contacts
Jun 24 2002 // Some recent events indicate that the Chinese insurance market is becoming more open to foreign insurers. U.S. and Chinese regulators recently concluded an agreement to begin sharing information; AIG opened an office in the...
RiskFocus
Jun 24 2002 // AscendantOne Inc. of Nashua, N.H., unveiled RiskFocus, an underwriting/rules engine facilitating automated underwriting and real time risk decision support across all personal and commercial lines of property &...
China Opening Doors to Insurance Contacts
Jun 24 2002 // Some recent events indicate that the Chinese insurance market is becoming more open to foreign insurers. U.S. and Chinese regulators recently concluded an agreement to begin sharing information; AIG opened an office in the...
Debt Ratings Assigned for American Financial Group
Jun 21 2002 // A.M. Best Co. assigned initial debt ratings to the existing debt of Cincinnati-Ohio-based American Financial Group Inc. Included is the assignment of a “bbb” to American Financial Group Inc.’s senior...
A.M. Best Reports P/C Insolvencies Trends Continued in 2001
Jun 20 2002 // Thirty property/casualty insurers were declared insolvent in 2001, according to the special report, “P/C Industry—2001 Insolvencies,” just issued by A.M. Best Co. The same number of companies became...
For Safeco: Opportunity is Where You Create It
Jun 10 2002 // Like most insurance companies, the soft market took its toll on Safeco. While the property and casualty side of the business continued to suffer losses that resembled the gross national product of some Latin American...
S&P Rates Travelers P/C Pool
Jun 10 2002 // S&P has affirmed its single-‘A’-minus counterparty credit and senior debt ratings on Travelers Property/Casualty Corp. (Travelers) and its double-‘A’-minus counterparty credit and financial...
AscendantOne Releases RiskFocus
Jun 5 2002 // AscendantOne, Inc. has made available RiskFocus, a unified, comprehensive underwriting/rules engine for automated underwriting and real time risk decision support across all personal and commercial lines of property &...
Hartford Financial Services Group Ratings Affirmed
Jun 4 2002 // Fitch Ratings has affirmed the fixed income ratings of the Hartford Financial Services Group, Inc. (HFSG), including the ‘A+’ senior debt rating, and the ‘AA’ insurer financial strength ratings of...
SAFECO, Answer Financial to Partner
May 30 2002 // Seattle-based SAFECO will provide automobile, home and other property and casualty policies through the Internet and call center platforms of Answer Financial Inc. and its subsidiary, Insurance Answer Center Inc. SAFECO...
ACE to Buy 22% Stake in Chinese P/C Insurer for $150 Million
May 29 2002 // Bermuda’s ACE Ltd. announced that it has entered into a strategic business partnership with Huatai Insurance Company, China’s fourth largest property/casualty insurer, and “will acquire 22% of...
Financial Keyosk Can Now Sell P/C Coverage
May 29 2002 // Financial Keyosk of Carpentersville, Ill., a provider of personal and commercial financial services products, is now licensed to sell property and casualty insurance in 47 states in the continental U.S. The firm also is...
U.S. P/C Rates Still Increasing
May 27 2002 // Although the events of Sept. 11 accelerated the increase in U.S. commercial real estate insurance premiums, property and casualty insurance costs had already begun rising in 2000, independent of terrorism-coverage costs,...
A New Partner
May 27 2002 // Those rope-burned hands on this week’s cover graphically depict the dire straits of the workers’ compensation market in California. Safe to say, it’s now in full-blown crisis, as overused and overblown as...
S&P Maintains Negative Outlook on Japan’s P/C Insurers
May 23 2002 // Standard & Poor’s announced that its outlook on Japan’s non-life insurance industry remains negative following the release this week of insurers’ financial results for fiscal 2001. “Earnings...
CSC Unveils iSolutions Tools and S3+ Billing at ACORD
May 22 2002 // Computer Sciences Corporation introduced new versions of two property and casualty insurance software applications, iSolutions Tools and S3+ Billing at ACORD’s 2002 Conference. Both applications meet CSC’s...
Where is P/C Industry Headed’
May 22 2002 // Orlando – “We cannot afford to pay another loss like 9/11.” Just one of the thoughts of Frank Coyne, president and CEO of Insurance Services Office (ISO), during a general sessions panel on the final day...
