Latest Property Casualty Headlines
All the headlines from our Property Casualty Topic Page, ordered by recency.
GE ERC Moves Facultative Workers’ Compensation to PnC Re Americas
May 18 2001 // Employers Reinsurance Corporation (ERC), a GE company, announced it has moved its facultative workers’ compensation product line to its P&C Re Americas business unit. The P&C Re facultative unit will now be...
Kevin Brooks to Join Aon as President of P/C Unit for Combined Specialty
May 17 2001 // Aon Corporation announced that Kevin P. Brooks will become president of the specialty property and casualty unit of Combined Specialty Corporation. Brooks was chairman, president and CEO of General Star Management Company,...
ICT To Hold Property and Casualty Symposium
May 14 2001 // The Insurance Council of Texas will hold its annual meeting along with a property and casualty insurance symposium June 27-28 in Austin. Member company representatives are encouraged to attend the annual meeting and the...
Fiduciary Duties and Expert Testimony
May 14 2001 // Insurance intermediaries, whether they are brokers or agents, have fiduciary duties. Often these duties run to policyholders or prospective policyholders. Often they run to insurers. Sometimes, they can run to both at the...
XML Provides the Missing Link for SEMCI
May 13 2001 // Agents have faced the problem ever since insurance companies first introduced applications. Each company had its own form, so the agent who wanted to submit the same account to several underwriters had to write the same...
RSA Posts 22% Q1 Gain on Strong P/C Growth, But Life Falters Prompting Buyout Speculation
May 11 2001 // Royal & Sun Alliance Group reported a strong 22 percent gain in first quarter operating results which rose to £138 million ($239 million) net pretax over last year, led by a hefty 66 percent increase in profits...
Acceptance Ins. Cos. Announces Sale of P/C Businesses
May 11 2001 // Acceptance Insurance Companies Inc., an insurance holding company providing agricultural risk management products and services throughout the U.S., agreed to sell two wholly owned insurance companies to McM Corporation, a...
CONNING PREDICTS RATES HIKES
May 7 2001 // A recent Conning & Company study, “Property-Casualty Forecast and Analysis,” showed personal automobile rates on the rise by 4 to 8 percent. In some areas, recent filings may bring the increase up to 16...
Sherwood Acquires Concise Technologies
May 1 2001 // Sherwood International, a supplier of solutions to the global insurance marketplace, has acquired Concise Technologies Inc. for an estimated $13 million in cash and equity. The acquisition is aimed at strengthening...
Conning Predicts Rise in Premium Rates for All P/C Lines
Apr 30 2001 // Conning Corporation, a provider of asset management services to insurance companies and institutional investors based in Hartford, Conn., has predicted an increase in auto insurance premiums next year, reversing a trend in...
Conning Predicts Rise in Premium Rates for All P/C Lines
Apr 28 2001 // Conning Corporation, a provider of asset management services to insurance companies and institutional investors based in Hartford, Conn., has predicted an increase in auto insurance premiums next year, reversing a trend in...
P/C Earnings Fall 7.5 Percent in 2000; Surplus Down for First Time Since 1984
Apr 23 2001 // The property/casualty insurance industry’s net income after taxes fell 7.5 percent last year to $20.2 billion from $21.9 billion the year before, according to figures released by the Insurance Services Office Inc....
The Producer Dilemma Revisited: There are Solutions
Apr 23 2001 // Four years ago, we wrote an article for Insurance Journal that outlined what we called the “Producer Dilemma.” This article follows up on what has been a chronic problem of finding good producers for the...
A.M. BEST REPORTS WEAK P/C RESULTS
Apr 23 2001 // A new A.M. Best Co. report reveals that property/casualty results for both the fourth quarter and full year 2000 continued to weaken, especially in the reinsurance sector. The industry reported a combined ratio of 115.0...
RMS and ERisk Release P/C Study Results
Apr 19 2001 // Risk Management Solutions (RMS) and ERisk, a provider of strategic solutions for enterprise risk management and economic capital allocation, released results of a jointly sponsored evaluation of the capital adequacy and...
A.M. Best Reports U.S. Continued Weakening in U.S. Property/Casualty Results for 2000
Apr 16 2001 // According to a new A.M. Best Co. report, property/casualty results for the fourth quarter and the full year 2000 continued to weaken as the effects of the prolonged soft market overshadowed the benefits of price firming....
P/C Earnings Fall 7.5 Percent in 2000; Surplus Down for First Time Since 1984
Apr 16 2001 // The property/casualty insurance industry’s net income after taxes fell 7.5 percent last year to $20.2 billion from $21.9 billion the year before, according to figures released by the Insurance Services Office Inc....
American National Completes Acquisition of
Apr 12 2001 // American National Insurance Company (American National) and Farm Family Holdings Inc. (Farm Family ) announced that American National had completed its acquisition of Farm Family, a transaction valued at approximately $280...
P/C Earnings Fall 7.5 Percent in 2000; Surplus Down for First Time Since 1984
Apr 11 2001 // The property/casualty insurance industry’s net income after taxes fell 7.5 percent last year to $20.2 billion from $21.9 billion the year before, Insurance Services Office Inc. and the National Association of...
Fitch P/C Report Published
Apr 9 2001 // A new ratings criteria report, “Property/Casualty Insurance Ratings Criteria (U.S.),” was recently published by Fitch. Covered is the issue of the methodology used by the group to analyze credit quality and...
