Latest Property Casualty Headlines
All the headlines from our Property Casualty Topic Page, ordered by recency.
Fitch to Review Ratings
Aug 3 2001 // Over the next few weeks, Fitch plans to study the ratings on the property/casualty insurance and reinsurance companies in its ratings universe which have material U.S. commercial lines exposures, to decide if negative...
The Hartford’s Operating Income Increases 10%
Aug 2 2001 // The Hartford Financial Services Group Inc. reported operating income of $262 million for the second quarter of 2001, a 10-percent increase over the same period in 2000. The increase reflects double-digit earnings growth in...
The Hartford Names Ferreira to Top HR Slot for P/C Operations
Jul 25 2001 // The Hartford Financial Services Group has appointed Robert Ferreira senior vice president of human resources for the company’s property-casualty operations. Ferreira previously served as executive vice president of...
INSpire Chairman and CEO Sets Vision in Motion
Jul 23 2001 // When John Pergande took over as chairman and CEO of INSpire Insurance Solutions last fall, he had a clear vision for the company’s mission and he knew what needed to be done to turn the then-faltering company...
Study Says Eight Insurers Command 65 Percent Market Share in Hurricane-Prone States
Jul 23 2001 // A recent study by Palm Beach Gardens, Fla.-based Weiss Ratings Inc. indicated that just eight large property and casualty insurers provide homeowners coverage to residents in hurricane-prone states. Weiss Ratings, a...
AIA Board of Directors Endorses Optional Federal Chartering Plan
Jul 18 2001 // The American Insurance Association (AIA) Board of Directors formally endorsed draft legislation that would allow property/casualty insurance companies to obtain a federal business charter. Although the AIA proposal is...
NAII Gives ‘Thumbs Up’ to ‘HHS’ Privacy Guidance Document
Jul 17 2001 // The National Association of Independent Insurers (NAII) gave high marks to the Health and Human Services Administration’s (HHS) first guidance document incorporating clarifications to its regulation on protecting the...
Q1 Results: P/C Industry Premiums Up; Net Income, Surplus Down
Jul 16 2001 // The U.S. property/casualty industry’s net income after taxes dropped 5.4 percent to $5.6 billion in first-quarter 2001 from $5.9 billion in first-quarter 2000, according to Insurance Services Office Inc. (ISO) and...
Study Says Eight Insurers Command 65% Market Share in Hurricane-Prone States
Jul 13 2001 // A recent study by Palm Beach Gardens, Fla.-based Weiss Ratings Inc. indicated that just eight large property and casualty insurers provide homeowners coverage to residents in hurricane-prone states. Weiss Ratings, a...
S&P Revises Outlook on U.S. Personal Lines P/C Industry to Negative
Jul 11 2001 // Standard & Poor’s revised its outlook on the personal lines property/casualty sector (i.e., home and auto insurance) of the U.S. insurance industry to negative from stable. In conjunction with this rating...
CGNU in Partnership Talks with France’s MMA
Jul 9 2001 // CGNU, Britain’s largest insurer, is in talks with the French group Mutuelles du Mans Assurances aimed at establishing a partnership arrangement which would strengthen its position in the French life and pension...
P/C Net Income, Surplus Drop in First Quarter
Jul 9 2001 // The U.S. property/casualty industry’s net income after taxes dropped 5.4 percent to $5.6 billion in first-quarter 2001 from $5.9 billion in first-quarter 2000, according to Insurance Services Office, Inc. (ISO) and...
A.M. Best Study Reports P/C Premiums Show Strong Growth, Earnings Remain Depressed During 1Q 2001 J
Jul 5 2001 // According to an A.M. Best Co. special-report excerpt published in the July 2 issue of BestWeek, property/casualty net premiums written showed the strongest growth since the tail end of the last hard market in the second...
Q1 Results: P/C Industry Premiums Up; Net Income, Surplus Down
Jun 27 2001 // The U.S. property/casualty industry’s net income after taxes dropped 5.4 percent to $5.6 billion in first-quarter 2001 from $5.9 billion in first-quarter 2000, according to Insurance Services Office Inc. (ISO) and...
A.M. Best Affirms Nationwide’s FSRs, Assigns Initial Debt Ratings
Jun 26 2001 // A.M. Best Co. affirmed the A+ (Superior) financial strength ratings (FSR) of the primary property/casualty operations of the Nationwide Group, Columbus, Ohio, as well as its affiliated life insurance companies. In...
A.M. Best Promotes Mosher to Group VP, P/C Rating Division
Jun 21 2001 // A.M. Best Co. Executive Vice President Larry Mayewski announced the promotion of Matthew Mosher to group vice president of the Property/Casualty Rating Division. Mosher succeeds Eric Simpson who accepted a position as...
ONLINE PAYMENTS AN OPTION
Jun 18 2001 // Most of Dallas-based Unitrin Property and Casualty Insurance Group’s customers can now receive and pay their bills online through a system of websites developed and operated by Atlanta’s CheckFree Corporation....
Tillinghast Releases Financial Projection Software
Jun 8 2001 // Tillinghast-Towers Perrin, a provider of risk management services for the financial services industry, announced the release of a new version of its dynamic financial modeling software, TAS:P/C 2001, a core component of...
ERisk and Risk Management Solutions (RMS) to Host P/C iConference Event
Jun 6 2001 // ERisk and RMS announced they will host an hour-long online event for the property/casualty insurance industry on June 7, 2001. ERisk and RMS will overview the latest approaches for measuring risk in terms of economic...
NAII Says Some NAIC Market Conduct Proposals Hit the Mark, Others Need Clarification
Jun 5 2001 // According to the National Association of Independent Insurers (NAII), the National Association of Insurance Commissioners’ (NAIC) proposals to improve the market conduct process for insurance companies meet the goals...
