Latest Property Casualty Headlines
All the headlines from our Property Casualty Topic Page, ordered by recency.
Current Market Not Yet a ‘Classic’ Hard Market: P/C Executives
May 7 2012 // The current property/casualty market is not a “classic” hard market, yet anyway. While prices are clearly rising in certain lines including property and workers’ compensation, other conditions of a...
Current Market Not Yet a ‘Classic’ Hard Market: P/C Executives
May 7 2012 // The current property/casualty market is not a “classic” hard market, not yet anyway. While prices are clearly rising in certain lines including property and workers’ compensation, other conditions of a...
Kelly Named President of P/C Insurance Advisory Organization AAIS
May 4 2012 // A national advisory organization serving the U.S. property/casualty industry has named a new president. Edmund J. Kelly of Boulder, Col. was recently chosen president of the American Association of Insurance Services...
Best Affirms Fairfax Financial and Most Subs Ratings
May 4 2012 // A.M. Best Co. has affirmed the issuer credit rating (ICR) of “bbb” and the unsecured debt and preferred equity ratings of Fairfax Financial Holdings Limited. Best also affirmed the financial strength rating...
Hartford Q1 Profit Drops 81% on Realized Loss, But Core Earnings Up
May 3 2012 // The Hartford Financial Services Group Inc. said its 2012 first quarter net income declined 80.8 percent to $96 million, hurt by a $587 million net realized loss from runoff operations. The Hartford’s net income...
Best Upgrades SCOR & Subs Credit Ratings; Affirms Financial Ratings
May 3 2012 // A.M. Best Europe – Ratings Services Limited has upgraded the issuer credit ratings (ICR) to “a+” from “a” and affirmed the financial strength rating (FSR) of ‘A’ (Excellent) of French...
Best Affirms Horace Mann Educators and Subs ‘A-‘ Ratings
Apr 27 2012 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A-‘ (Excellent) and issuer credit ratings (ICR) of “a-” of the property/casualty group, Horace Mann Insurance Group and its...
Norman-Spencer Launches P&C Program for Recreational Marine Market
Apr 24 2012 // The Norman-Spencer Agency is launching First Marine, an A+ rated, nationally admitted property and casualty coverage product. First Marine is a new proprietary program available through Norman-Spencer’s Marine...
ACE Appoints Hollenberg to Head Canada Operations; Brosnan for P/C
Apr 24 2012 // The ACE Group has announced new leadership appointments in its Canadian operations. Andrew Hollenberg, Regional Senior Vice President, Accident & Health (A&H) and Life for ACE Europe, has been appointed Country...
Current Market Not Yet a ‘Classic’ Hard Market: P/C Executives
Apr 23 2012 // The current property/casualty market is not a “classic” hard market, yet anyway. While prices are clearly rising in certain lines including property and workers’ compensation, other conditions of a...
Allied World U.S. Appoints P/C Division President in New York
Apr 18 2012 // Allied World Assurance Company Holdings AG said industry veteran Lou Iglesias joined Allied World U.S. as president of the property/casualty division. He will be based in New York City. His responsibility will include...
Travelers Cos. to Kick Off P/C Insurers’ Q1 Earnings Season This Week
Apr 18 2012 // The Travelers Companies Inc. will kick off property/casualty insurers’ 2012 first-quarter earnings season Thursday, April 19, when the company reports its 2012 first three month results. Travelers is the first major...
Southeast Insurance Employment: Agency, Carrier Plans Brighten Picture
Apr 18 2012 // Those interested in new or better positions in insurance might want to grab their suntan lotion and head to the Southeast. They might also want to brush up on their Spanish. The unemployment rate remains higher in key...
Private U.S. P/C Insurers’ Income Fell to $19.1B in 2011: ISO, PCI
Apr 17 2012 // A new analysis shows that while the private U.S. property/casualty insurers suffered deteriorating results in 2011, they still ended the year with a strong and improved fourth-quarter. Private U.S. P/C insurers’ net...
Corporate Insurance Buyers Preparing for Hardening P/C Market: Survey
Apr 17 2012 // A vast majority of corporate risk managers at U.S. companies are taking steps to prepare for a hardening property/casualty (P/C) insurance market. Professional services company Towers Watson’s annual survey also...
15 Trends in P/C Insurance Employment
Apr 16 2012 // Prev Next More with Less Many employers got used to doing more with fewer people during the downturn. Slow Going Insurance hiring may rise but it will likely still lag behind insurance demand. Touch Somebody Referrals from...
Insurance Employment Report: Jobs Outlook Improving, Slowly
Apr 16 2012 // Looking for work can be an exhausting, soul-draining endeavor during the best of economic times. It goes without saying that job searching is considerably more challenging these days, when the U.S. unemployment rate is...
East Insurance Employment: Hiring Is ‘Slightly Elevated’ in 2012
Apr 16 2012 // The insurance employment market in the East and Northeast regions — as in most other parts of the country — can be summed up the following way: hiring is “slightly elevated” compared to last year, but there...
160-Year Old Hanover Insurance Group Retaking Its Place as P/C Industry Leader
Apr 16 2012 // (A full version of this article, as well as exclusive podcasts featuring Hanover CEO Frederick Eppinger, is available on InsuranceJournal.com) Eight out of 160 years of history may not seem like a big deal but for Hanover...
160-Year Old Hanover Retaking Its Place as P/C Industry Leader
Apr 16 2012 // Eight out of 160 years of history may not seem like a big deal but for Hanover Insurance Group, founded in 1852, the last eight years have seen a series of big deals. Eight years ago in 2004, the $2.4 billion heavily...
