Latest Property Casualty Headlines
All the headlines from our Property Casualty Topic Page, ordered by recency.
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...
The Ocean Marine Market: A Unique Animal
Feb 25 2002 // Like life itself, insurance began in the ocean, eventually spawning the various land-based descendants we’ve come to know. While those terrestrial variants-auto, homeowners, commercial liability, among others-now...
Analysts and CEOs See Eye-to-Eye at P/C Joint Industry Forum
Feb 25 2002 // Analysts and insurance company CEOs who recently addressed the Property/Casualty Insurance Joint Industry Forum in New York City presented remarkably consistent predictions about the future of the insurance industry in the...
Analysts and CEOs See Eye-to-Eye at P/C Joint Industry Forum
Feb 25 2002 // Analysts and insurance company CEOs who recently addressed the Property/Casualty Insurance Joint Industry Forum in New York City presented remarkably consistent predictions about the future of the insurance industry in the...
The Ocean Marine Market: A Unique Animal
Feb 25 2002 // Like life itself, insurance began in the ocean, eventually spawning like the varius land-based descendents we’ve come to know. While those terrestrial variants-auto, homeowners, commercial liability, among others-now...
Ohio One of First States to Eliminate Paper Filings for Insurers
Feb 14 2002 // Ohio Department of Insurance Director Lee Covington announced that Ohio is among the first states to no longer require insurance companies to make paper financial statement filings to the Department of Insurance. The...
S&P Lowers If PC Ratings to ‘A-‘
Feb 13 2002 // Standard & Poor’s announced that it has lowered its long-term counterparty credit and insurer financial strength ratings on the operating entities of Scandinavia’s If P&C Group to...
James Tignanelli Named to Head Prudential’s NJ P/C Operations
Feb 12 2002 // James A.Tignanelli will take over as head of Prudential New Jersey’s property/ casualty business, following his appointment as president of The Prudential Property and Casualty Insurance Company of New Jersey (PRUPAC...
Midland Co. Reports Lower Operating Income
Feb 12 2002 // Citing higher-than-normal fire losses, ongoing challenges in its manufactured housing sector, and higher non-catastrophe weather related losses, Cincinnati-based specialty insurance products and services provider, The...
