Latest Property Casualty Headlines
All the headlines from our Property Casualty Topic Page, ordered by recency.
Calif. Won’t Adopt Terror Exclusions
Jan 8 2002 // According to a Jan. 7 Los Angeles Times article, California has refused to allow insurers to adopt terrorism exclusion language, a move which has already been by approximately 20 other states in the wake of Sept. 11. The...
P/C Forum Set for NYC Jan. 15-16
Jan 7 2002 // An impressive lineup of experts will present their views and comments on what may be in store for the industry at the sixth annual Property/Casualty Insurance Joint Industry Forum to be held January 15-16, 2002 at the...
NAMIC Statement Regarding Optional Federal Charter Bill
Jan 7 2002 // On Dec. 21, Sen. Charles Schumer (D-N.Y.), introduced the National Insurance Chartering and Supervision Act, providing for the optional federal chartering, regulation and supervision of insurance companies and...
ecDataFlow Purchases P/C Insurance Injury Profiling Solution
Jan 7 2002 // ecDataFlow, a provider of custom predictive e-commerce software, has acquired the ACES Online Claims Processing software to help streamline and expedite the property & casualty and medical claims processes. According...
P/C Industry Registers Nine-Month Net Loss in Wake of 9/11
Jan 1 2002 // The U.S. property/casualty industry registered a $3.1 billion net loss following taxes through nine-months 2001– its first-ever net loss following taxes through nine months. Reflecting the net loss and unrealized...
Welcome to the 3rd Annual “Top Ten Stories of the Year”
Dec 24 2001 // In what became one of the most significant, traumatic and challenging years in U.S. history, the insurance industry, along with the rest of the nation, has had to come to terms with the terrorist attacks perpetrated...
Travelers Property Casualty Corp. Ratings Lowered
Dec 20 2001 // Standard & Poor’s lowered its senior debt and preferred stock ratings on Travelers Property Casualty Corp. to “A-” and “BBB”, respectively, from “A+” and “A-.” At...
FITCH PREDICTS BAD YEAR FOR P/C
Dec 17 2001 // Fitch published a review of the nine-month 2001 reported GAAP results for the larger property/casualty insurers to assess operating performance thus far this year and to get an early indication of results for full-year...
Top 10 Stories of 2001
Dec 17 2001 // Recollections and Renewal: Looking Back at 2001 with an Eye to the Future This is the year that was. It is one that many people will be glad to see come to an end because the new year always brings hope—for a rebirth,...
Property and Casualty Commercial Rate and Policy Form Model Law Approved
Dec 14 2001 // State insurance commissioners have advanced a model law to modernize commercial rate and form filings, with final approval possible in the spring. A working group of the National Association of Insurance Commissioners...
InsuranceNoodle Begins Licensing Web-Based Solution
Dec 12 2001 // InsuranceNoodle announced it has begun licensing its web-based NoodleASP(TM) technology solution to regional/national brokers, P&C carriers, managing general agents (MGA), and managing general underwriters (MGU). The...
Growing Market for Ski Insurance Faces Some Slippery Slopes
Dec 10 2001 // Owners of ski retail and rental shops and ski resorts may see some tougher conditions this year, as the ski insurance industry faces the overall hardening of the property/casualty market. More scrutiny in underwriting and...
FITCH PAINTS BLEAK PICTURE
Dec 10 2001 // Fitch published a review of the nine-month 2001 reported GAAP results for the larger property/casualty insurers to assess operating performance thus far this year and to get an early indication of results for full-year...
Fitch Report Paints Bleak Picture for PnC Insurers
Dec 4 2001 // Fitch published a review of the nine-month 2001 reported GAAP results for the larger property/casualty insurers to assess operating performance thus far this year and to get an early indication of results for full-year...
NAMIC Comments on Leading Issue Trends Among Year’s New P/C Laws
Dec 3 2001 // New state laws concerning workers’ compensation, automobile insurance, financial and other regulatory requirements account for over half of the property/casualty-related insurance laws enacted by state legislatures...
Financial Keyosk Allows Agents to Tap Into Sales of Financial Services
Dec 3 2001 // Financial Keyosk, a growing online financial services solution providing assistance to agents, has come on the scene with the goal of helping agents obtain carrier markets, expand products and make their businesses run...
Negative Outlook for SAFECO
Nov 26 2001 // Following SAFECO’s announcement of loss reserve strengthening, A.M. Best Co. continued to maintain a negative outlook on the property/casualty operations’ financial strength rating of “A.” In...
SAFECO Rating Affirmed
Nov 21 2001 // Following Seattle-based SAFECO’s announced loss reserve strengthening and subsequent discussions with management, A.M. Best Co. has affirmed the financial strength rating of A (Excellent) for the property/casualty...
New State Decisions Equal More Than Half of P/C Enacted Laws for 2001
Nov 20 2001 // New state laws concerning workers’ compensation, automobile insurance, financial and other regulatory requirements account for over half of the property/casualty-related insurance laws enacted by state legislatures...
AXA Reports 2.5% Revenue Growth to $49.4 Billion for 1st Nine Months, Despite U.S. Slowdown
Nov 14 2001 // France’s AXA reported that global consolidated revenues for the first nine months of the year totaled €55.539 billion ($49.429 billion), a 2.5 percent increase over last year’s comparable figures, despite...
