Latest Property Casualty Headlines
All the headlines from our Property Casualty Topic Page, ordered by recency.
NAMIC REpresentative Warns of ‘Stultifying’ Economic Consequences of Reinsurance Shortage
Jan 21 2002 // Warren Heck, chairman and CEO of the Greater New York Mutual Insurance Company will explain to the NAIC’s Reinsurance Task Force the more general economic problems that accompany the post-9/11 reinsurance...
Conning and Co. Reports P/C Insurer Reserves Inadequate to Cover Rising Cost of Claims
Jan 18 2002 // According to a Business Wire report, insurers will have to strengthen their loss reserves in order to be able to meet future claims, as stated in a new Conning & Company study. Though property-casualty rates have been...
P/C Trends Gain Momentum after U.S. Attacks
Jan 16 2002 // According to A.M. Best Co., the unprecedented events of Sept. 11 have forever changed the way the insurance industry defines risk as both property and liability lines have been exposed to catastrophic risks that cannot be...
InsuranceNoodle to Provide MetLife P/C Agents with Small Commercial Solution
Jan 15 2002 // Chicago-based InsuranceNoodle has reached agreement with the MetLife General Insurance Agency Inc. to offer 600 of their property/casualty licensed career agents with the InsuranceNoodle web-based small commercial...
S&P Downgrades Travelers P/C Corp.
Jan 14 2002 // Standard & Poor’s lowered its senior debt and preferred stock ratings on Travelers Property Casualty Corp. from “A+” and “A-” to “A” and “BBB,” respectively. At...
The St. Paul’s Affirmed
Jan 14 2002 // A.M. Best Co. affirmed the “A+” FSR of The St. Paul Companies’ property/casualty subsidiaries and lowered the company’s long-term debt ratings. Senior debt has been lowered from “a+” to...
S&P Downgrades Travelers P/C Corp.
Jan 14 2002 // Standard & Poor’s lowered its senior debt and preferred stock ratings on Travelers Property Casualty Corp. from “A+” and “A-” to “A-“and “BBB,” respectively. At...
The St. Paul’s Affirmed
Jan 14 2002 // A.M. Best Co. affirmed the “A+” FSR of The St. Paul Companies’ property/casualty subsidiaries and lowered the company’s long-term debt ratings. Senior debt has been lowered from “a+” to...
AIU Launches New Global P/C Web Site
Jan 9 2002 // AIG’s principal international property-casualty division, American International Underwriters (AIU) announced the launch of www.aiu.com, “a comprehensive Internet resource designed to provide AIU’s...
SCSI, Vitria Partner to Deliver Enterprise Automation Solution for P/C Industry
Jan 8 2002 // SCSI, a producer of real-time information systems for data access and management, and Vitria, a collaboration platform and collaborative applications provider, announced a partnership to serve the property and casualty...
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...
