Latest Property Casualty Headlines
All the headlines from our Property Casualty Topic Page, ordered by recency.
Cattle Loom Large on the Farm & Ranch Scene
Apr 15 2002 // Whoopee ti yi yo, git along little dogies It’s your misfortune, and none of my own. Whoopee ti yi yo, git along little dogies, For you know Wyoming will be your new home. That trail song, used by historian Walter...
Cattle Loom Large on the Farm & Ranch Scene
Apr 15 2002 // Whoopee ti yi yo, git along little dogies It’s your misfortune, and none of my own. Whoopee ti yi yo, git along little dogies, For you know Wyoming will be your new home. That trail song, used by historian Walter...
GE Global Rated ‘AA’
Apr 15 2002 // Fitch Ratings assigned its “AA” long-term issuer rating to GE Global Insurance Holdings Corp. (GE Global) and affirmed the “AAA” insurer financial strength rating of Employers Reinsurance Corp....
Insurers Applaud NAIC Action
Apr 1 2002 // In a significant victory for the National Association of Independent Insurers (NAII), regulators were convinced that installment payment fees paid by policyholders should not be reported as written premium. The National...
AIG Member Co. Launches New Insurance Processing Solution for P&C Insurers
Mar 29 2002 // American International Technology Enterprises, Inc. (AITE), a member company of the American International Group, Inc. (AIG) and a provider of insurance systems and solutions, introduced WINS® Digital, web-based...
P&C Insurers See 2001 Profits Dip Drastically
Mar 26 2002 // The nation’s property and casualty insurers lost $738 million during the first nine months of 2001, compared to a $19 billion profit during the same period in 2000, according to research conducted by Weiss Ratings,...
Insurance Fraud: A Perpetual Bane for Industry, Consumers
Mar 25 2002 // Since the insurance industry’s inception, fraud has proved a perpetual problem, an inherent risk that will likely never be totally eliminated. Carriers have long warned that fraud ultimately causes them to raise...
Insurance Fraud: A Perpetual Bane for Industry, Consumers
Mar 25 2002 // Since the insurance industry’s inception, fraud has proved a perpetual problem, an inherent risk that will likely never be totally eliminated. Carriers have long warned that fraud ultimately causes them to raise...
2001 WORST YEAR FOR P&C COS
Mar 25 2002 // According to a report released by the Insurance Services Office (ISO), U.S. property and casualty insurers paid $24 billion in claims for 2001—the largest amount ever—mainly a result of the terrorist attacks on the...
Fitch Ratings Assigns ‘AA’ To GE Global
Mar 25 2002 // Fitch Ratings has assigned a ‘AA’ long-term issuer rating to GE Global Insurance Holdings, Corp. (GE Global) and affirmed the ‘AAA’ insurer financial strength rating of Employers Reinsurance Corp....
GE ERC Forms Global P&C Reinsurance Business
Mar 22 2002 // GE’s Employers Reinsurance Corporation announced it will form a single global property & casualty reinsurance business by combining its Property and Casualty Re Americas and Europe/Asia operating units. Rick...
NYSID Urges Assembly to Pass Risk Based Capital Standards for P/C Insurers
Mar 19 2002 // New York State Insurance Department Superintendent Gregory V. Serio urged the State’s Assembly to pass pending legislation which would extend the use of Risk Based Capital standards to property/casualty insurers. The...
GE Mulling Plan to Spin off P&C Business
Mar 18 2002 // As a result of losses and uncertainty in the industry, General Electric is considering a plan to spin off its property/casualty business, according to the Wall Street Journal. The plan may include an initial public...
S&P Lowers Lawrenceville P/C’s Ratings to ‘Bpi’
Mar 15 2002 // Standard & Poor’s lowered its financial strength rating on medical insurer Lawrenceville Property and Casualty Co., a division of the troubled medical insurer MIIX Group, by two rating categories to...
Fitch Assigns ‘A’ to Travelers P&C Corp.’s Conv Debt Issue
Mar 15 2002 // Fitch has assigned an ‘A’ rating to Travelers Property Casualty Corp.’s (TAP) proposed issuance of $850 million convertible junior subordinated notes due 2032. The Rating Outlook is Stable. As part of its...
CSC, Magnify form Strategic Alliance
Mar 15 2002 // Magnify, a provider of advanced predictive analytic and decisioning software and solutions, has signed a strategic alliance with Computer Sciences Corporation (CSC). Under the terms of the agreement, CSC will add...
P&C Insurers Find 2001 Most Expensive Year
Mar 13 2002 // According to a report released by the Insurance Services Office (ISO), U.S. property and casualty insurers paid $24 billion in claims for 2001—the largest amount ever—mainly a result of the terrorist attacks on...
La. Names New Dep. Commissioner
Mar 11 2002 // Acting Commissioner of Insurance J. Robert Wooley named Paula Pellerin-Davis as the new Deputy Commissioner of the Office of Property and Casualty for the Louisiana Department of Insurance. Davis previously served as...
NAII Urges Legislators to Keep Regulatory Modernization Model Act ‘As Is’
Mar 4 2002 // The National Conference of Insurance Legislators’ (NCOIL) regulatory modernization model law is an important step in the effort to streamline state regulation and enhance a competitive insurance marketplace according...
Aon Names Turner, President, P/C for Combined Specialty Corp.
Feb 26 2002 // Aon Corporation has named F. Marshall Turner, President — Property & Casualty, Combined Specialty Corporation. “We’re very happy to have Marshall join Combined Specialty Corporation as a member of...
