Latest Property Casualty Headlines
All the headlines from our Property Casualty Topic Page, ordered by recency.
Liz Henderson Joins ASL FL as Property/Casualty Producer
Feb 4 2013 // Clearwater, FL, 02/04/13 – In alignment with the corporate initiative for growth of the company’s presence in Central Florida, Atlantic Specialty Lines of Florida , Inc. has added Liz Henderson, AAI, AIS to...
Chubb’s 2012 Q4 Profit Drops 77% to $102M; $882M Sandy Loss Reported
Feb 1 2013 // The Chubb Corp. reported $102 million net profit for its 2012 fourth quarter, down 77.4 percent compared to the fourth quarter of 2011 when the insurer reported $452 million profit. Chubb’s net profit for the...
ACE Limited Forecasts 2013 Profit below Estimates; Shares Drop
Jan 30 2013 // Insurer ACE Limited reported a 24 percent fall in quarterly operating profit, hurt by losses related to Superstorm Sandy, and forecast a full-year profit below analysts’ estimates. After-tax catastrophe losses...
P/C Insurers Better Positioned Than Life Firms for 2013: Moody’s
Jan 29 2013 // Both the life and property/casualty (P/C) insurance industries will be challenged in 2013 by slow economic growth that dampens sales and by evolving regulatory frameworks, according to Moody’s Investors Service in...
Best Affirms AIG, U.S. Property/Casualty Subs Ratings; Outlook Stable
Jan 28 2013 // A.M. Best Co. has affirmed the issuer credit rating (ICR) of “bbb” of New York-based American International Group, Inc. (AIG), as well as the financial strength rating (FSR) of ‘A’ (Excellent) and...
I-conomy
Jan 28 2013 // Property/casualty insurance executives believe that the U.S. economy is still not on the right track. According to a survey conducted by the Insurance Information Institute, 77 percent of P/C leaders hold this view. The...
Lucky or Smart? Experts Weigh-In On P/C Industry’s Sandy Impact
Jan 28 2013 // Did the property/casualty insurance industry dodge a bullet or does good risk management explain its ability to withstand $25 billion in losses from Superstorm Sandy? Experts debated the question at a recent industry...
Business Moves – Midwest
Jan 28 2013 // Willis North America Willis North America, a unit of global insurance broker Willis Group Holdings, has relocated its Cleveland, Ohio office to 1001 Lakeside Ave., Suite 1600. Willis established a presence in Ohio more...
Tolbert Joins NFP P&C Services in Atlanta
Jan 23 2013 // Cherie Tolbert National Financial Partners Property & Casualty Services has hired Cherie Tolbert as vice president of commercial lines out of Atlanta. Tolbert brings 20 years of experience in risk management and...
P/C Insurers See ORSA Value to Their Business: Survey
Jan 23 2013 // Many property/casualty insurers are beginning to implement pending Own Risk and Solvency Assessment (ORSA) regulatory requirements in advance of their 2015 effective date and finding the process can be a valuable business...
Insurance Executives Say Ongoing Budget Battles Will Harm U.S. Economy
Jan 17 2013 // Leaders of the property/casualty insurance industry believe Washington’s ongoing budget fracas will have a negative impact on the U.S. economy, according to a survey conducted by the Insurance Information Institute...
Met P&C Settles With Mass., Will Refund Alleged Overcharges
Jan 16 2013 // Metropolitan Property & Casualty Insurance Company (Met P&C) — a unit of MetLife — has settled allegations in Massachusetts concerning auto insurance surcharge premiums. It was alleged that the...
P/C Direct Premium Written Up 4% Through Third Quarter 2012
Jan 14 2013 // The direct premium growth for property/casualty insurance companies continues to be encouraging. Overall, P/C insurance companies continued to serve their clients during catastrophic events, difficult economic conditions...
Double-Digit Returns Absent From Year-End, 2013 Financial Forecasts
Jan 11 2013 // Although analysts following the property/casualty insurance industry expect underwriting results for 2012 to be better than 2011 when full-year numbers are tallied, double-digit overall returns-on-equity are still not...
10 Insurance Ins and Outs, Ups and Downs of Year of Dragon 2012
Jan 2 2013 // In Chinese astrology, the year 2012 was the Year of the Dragon, a symbol of unpredictability and uncertainty. The dragon represents mystery because its head and tail cannot be seen at the same time, according to Chinese...
Looking Back at Insurance News of 2012: The Year’s Biggest Stories
Dec 31 2012 // With less than a day left until the end of the year, here’s a look back at some of the biggest property/casualty insurance news stories in 2012 that impacted the Northeast region, in chronological order: Top Investor...
Program Specialists: Thriving in All Market Conditions
Dec 31 2012 // There is a strain of thinking that says generalists can adapt and survive in most environments whereas specialists are more at the mercy of their environment. That may be the case for some species but it’s...
P/C Insurance Agents: What Did You Sell This Year?
Dec 31 2012 // Was 2012 a good year for you? Did you close some good accounts? How did it feel? Tell us about it. You don’t have to give away names but share your stories. Boast a little. Take some credit. Give credit to others....
P/C Industry’s 9 Month Results Show Insurers Can Handle Sandy Losses: ISO, PCI
Dec 28 2012 // Before Hurricane Sandy hit, private U.S. property/casualty insurers’ net income after taxes grew to $27 billion in nine-months 2012 from $8.4 billion in nine-months 2011. Insurers’ overall profitability as...
P/C Insurers’ Loss Reserves Continue to Surprise Analysts
Dec 27 2012 // Analysts at two rating agencies, Fitch and Moody’s, believe property/casualty insurers’ prior-year loss reserve takedowns will continue to outpace reserve additions in 2013. The analysts spoke about P/C...
