Latest Property Casualty Headlines
All the headlines from our Property Casualty Topic Page, ordered by recency.
Analysts: Travelers/Dominion Deal Makes Sense, More U.S.-Canadian M&A May Follow
Jun 18 2013 // The Travelers Companies’ decision to acquire Dominion of Canada General Insurance, a unit of E-L Financial Corp., for $1.1 billion makes strategic sense, according to analysts. The acquisition now allows Travelers to...
Canada’s P&C Insurers to Expand with ‘Receivables Insurance Association’ Launch
Jun 18 2013 // The Canadian property and casualty insurance industry is expanding with the launch of the Receivables Insurance Association of Canada. “Less than 1 percent of Canadian companies currently utilize receivables...
Best Revises Outlook to Positive for ACE Ltd., Most Subs; Affirms Ratings
Jun 17 2013 // A.M. Best Co. has revised the outlook to positive from stable and affirmed the financial strength ratings (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa” of the North America...
‘Mayhem’ Outspending ‘Good Neighbor’ in P/C Insurance Advertising: SNL
Jun 13 2013 // Allstate’s “Mayhem” trumped State Farm Mutual’s the “Good Neighbor” in advertising dollars in 2012. According to an analysis by SNL Financial, Allstate’s ad spend increased 14.8...
Research Shows Customer Engagement Makes Major Impact on Insurance Consumers’ Buying Decisions
Jun 13 2013 // Richardson, TX, 6/13/13 – KBM Group, a marketing services company specializing in helping companies with customer engagement strategies, is releasing results of its independent research on the impact customer engagement...
Best Affirms Gen Re Group’s ‘A++’ Ratings; Outlook Stable
Jun 12 2013 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A++’ (Superior) and issuer credit ratings (ICR) of “aa+” of General Reinsurance Corporation, headquartered in Stamford, Conn., and...
AIG Names Doyle, Sankaran to Executive Group
Jun 11 2013 // American International Group Inc. added John Doyle and Sid Sankaran to the insurer’s executive group as Chief Executive Office Robert Benmosche narrows the company’s focus after repaying a U.S. bailout. Doyle...
Socius Insurance Services Hires Morman as Assistant VP in Chicago Area
Jun 7 2013 // Socius Insurance Services Inc., a management liability and property/casualty insurance wholesaler, has hired Michael Morman as assistant vice president – property/casualty producer. Morman will be based in Elgin, Ill, in...
Women (Not Men) Get Asked: Can You Have It All?
Jun 4 2013 // Can you have it “all”? It’s one of the questions that women in business get asked a lot but men are never asked. It’s also one of the questions fielded by a panel of women insurance industry...
Philadelphia Insurance Hires 2 Underwriting Vice Presidents
Jun 3 2013 // Philadelphia Insurance Companies announced the hiring of Ziad Kubursi as senior vice president of specialty lines and Karen Votta as vice president of large accounts for commercial lines. Ziad Kubursi will lead the...
Near National P/C Carriers Identified for 2013
Jun 3 2013 // The original criteria and objective definition for the Near Nationals was established in the Feb. 12, 2007, issue of Insurance Journal. The Demotech Company Classification System categorizes insurers into one of 11...
How Women Can Rise to Executive Level in P/C Insurance Industry
May 31 2013 // Networking is the single biggest thing women can do to facilitate their rise up the corporate ladder in the property/casualty insurance industry, according to four women who have done just that. And being a sponsor is one...
Florida Fines Universal P/C $1.3M for Claims Delays, Notice Failures
May 31 2013 // Florida’s second largest property insurer is being hit with a fine of nearly $1.3 million. Florida Insurance Commissioner Kevin McCarty announced that his office was assessing a fine against Universal Property &...
Best Revises Outlook on Travelers and Most Subs to Positive; Affirms Ratings
May 31 2013 // A.M. Best Co. has revised the outlook to positive from stable and affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa” of the property/casualty...
Best Affirms State Farm Companies, Affiliates and Subs Ratings
May 31 2013 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A++’ (Superior) and issuer credit ratings (ICR) of “aa+” of State Farm Mutual Automobile Insurance Company (SFMAIC) and its...
P/C Insurers’ Results Much Better in 2012 Than 2011: A.M. Best
May 28 2013 // Underwriting and operating results for the U.S. property/casualty (P/C) industry improved substantially in 2012 compared with 2011. Net income increased by nearly 52 percent to $39.9 billion from $26.3 billion, reflecting...
Insurers and Climate Change: The Truth is More Complicated than the Sound Bytes
May 24 2013 // As an insurance guy who has been on both sides of the climate change debate (I’ve worked for organizations full of climate change skeptics and now head one that believes it’s an important public policy issue)...
S&P Assesses Insurance Industry and Country Risk Shaping Insurance Markets
May 23 2013 // A report by Standard & Poor’s Ratings Services notes that “for the two main insurance sectors, life and property/casualty (P/C), overall industry and country risks are, on average, much lower in developed...
Daucourt Joins XL Group as COO Int’l. Property/ Casualty
May 22 2013 // XL Group announced the appointment of Thierry Daucourt as Chief Operating Officer of its International P&C Insurance business. He will be responsible for supporting the unit’s Chief Executive, Jason Harris, in...
NFP P&C Services Hires 2 Account Executives in New York
May 20 2013 // NFP Property & Casualty Services (NFPPC) recently hired two account executives in its New York office. NFPPC said Janine Fleury joined the firm as a senior account executive in the commercial lines department,...
