Latest Property Casualty Headlines
All the headlines from our Property Casualty Topic Page, ordered by recency.
S&P Review Finds U.K. P/C Market Stable
May 21 2002 // Standard & Poor’s has affirmed its stable outlook for the U.K.’s domestic non-life insurance industry, following a review of the financial strength characteristics, indicating that “the majority of...
Standard and Poor Says No Immediate Rating Action on Hartford Financial Services Group Inc.
May 17 2002 // Standard & Poor’s said it would not take any immediate rating actions on Hartford Financial Services Group Inc. or its double-‘A’ rated property/casualty companies following the announcement that the...
Standard and Poor’s: U.S. P/C Insurance Rates to Continue Increase on Renewals
May 17 2002 // While 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,...
AXA to Cut 700-1000 Jobs in U.K. P/C Unit Restructuring
May 15 2002 // France’s AXA announced plans to undertake a wholesale restructuring of its p/c operations in the U.K. which will eventually involve the loss of between 700 and 1000 jobs. The job cuts are aimed at stopping the losses...
ISO Purchases AIR to Help P/C Industry Manage Extreme-Event Losses
May 15 2002 // New Jersey-based Insurance Services Office, Inc. (ISO) has acquired Boston-based Applied Insurance Research (AIR), a leading provider of risk-assessment and management technology for all major natural hazards in the U.S....
Insurance Industry Posts Strong Q1 Gains HOW REAL ARE THEY’
May 13 2002 // After suffering its first ever net loss in 2001,an extraordinary and dismal year by anyone’s reckoning, the property/casualty industry finally received some good news as earnings reports for the first quarter of 2002...
XML Provides the Missing Link for SEMCI
May 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...
Insurance Industry Posts Strong Q1 Gains
May 13 2002 // After suffering its first ever net loss in 2001, an extraordinary and dismal year by anyone’s reckoning, the property/casualty industry finally received some good news as earnings reports for the first quarter of...
XML Provides the Missing Link for SEMCI
May 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...
KEMPES Names Mahoney President; Pair of
May 10 2002 // John Mahoney was named president of Arizona-based KEMPES, the Kemper Insurance Cos.’ unit that underwrites specialty program business. In related moves, Dan Beaudette was named vice president of the Denver P&C...
Acceptance Insurance Suffered 1stQ Losses
May 8 2002 // Iowa-based Acceptance Insurance Companies Inc., an insurance holding company providing agricultural risk management products and services throughout the U.S., announced a net after-tax loss of $4.3 million, or $0.30 per...
Walsh Named President, CEO for AIG’s P/C Unit
May 8 2002 // American International Group Inc. (AIG) named vice president Nicholas C. Walsh president and chief executive of AIU, the company’s international property-casualty insurance organization unit, according to Dow...
Horace Mann Reports Slight Increase in
May 7 2002 // Horace Mann Educators Corporation of Springfield, Ill., a provider of a variety of insurance products to educators, reported operating income of $13.9 million, for the first quarter ended March 31, 2002, slightly higher...
News Analysis: Commentary on Full Year 2001
Apr 29 2002 // The property/casualty insurance industry reported a statutory rate of return of negative 2.7 percent in 2001, down from 6.5 percent return for the year 2000. The results were released by the Insurance Services Office, Inc....
Sintech Software Discontinues Online Agency Management System
Apr 24 2002 // Sintech Software LLC, an application service provider (ASP) of web-based property and casualty and life and health agency management systems, has discontinued its online property and casualty agency management system,...
S&P Negative on Future of French P/C Insurance Market
Apr 22 2002 // Standard & Poor’s announced that it has a divided outlook for the French insurance market, “taking a negative view of its non-life sector and heralding a stable future for the country’s life...
IMMA Invites P/C Insurance Mass-Marketers to Jacksonville for Annual Conference
Apr 22 2002 // The International Mass Marketing Association (IMMA) still is accepting registrations from agents, brokers and carrier representatives for its 2002 Annual Conference, to be held May 19-22 in Jacksonville, Fla. at the Hilton...
P/C Industry Suffered First-Ever Net Loss in 2001
Apr 19 2002 // The events of Sept. 11 and declines in interest rates and the stock market all contributed to make 2001 the worst year ever for the property/casualty industry, according to just released numbers from Insurance Services...
The Hartford’s CEO Tells Shareholders He Is Optimistic of Future
Apr 19 2002 // The events of 2001 tested the company’s resilience, but through it all The Hartford’s operating income rose and the company is bullish about the future, Ramani Ayer, Chairman and CEO of The Hartford Financial...
ISO and Ascendant One Team Up to Offer P/C Insurers Comprehensive Rating and Policy-Management Syste
Apr 17 2002 // Insurance Services Office, Inc. (ISO) has made a significant equity investment in AscendantOne™ Inc., An insurance technology and services company, to deliver insurance rating and policy-management products that...
