Latest Property Casualty Headlines
All the headlines from our Property Casualty Topic Page, ordered by recency.
Wanted: Industry Seeks Out Specialty Marine Brokers
Oct 3 2011 // Two developments in the marine market have combined to create a tantalizing opportunity for wholesale brokers and managing general agents (MGAs) to serve the marine marketplace. While marine revenues remain fairly flat,...
Surplus Lines Industry Losing Its Edge?
Oct 3 2011 // The surplus lines industry continues to outperform the overall property/casualty industry but its advantage is not what it used to be. According to the annual A.M. Best special report, the surplus lines industry generated...
Shoemake Ushered in as President of Alamo Chapter of CPCU
Sep 30 2011 // The Alamo Chapter Society of Chartered Property and Casualty Underwriters (CPCU) in San Antonio, Texas, announced that Susan G. Shoemake has been installed as president of the chapter for 2011 – 2012. Shoemake, who holds...
Best’s Special Report Sees Mounting Pressure on UK’s P&C Insurers
Sep 28 2011 // A new report from A.M. Best notes that “intense competition and the effect of the weak economic climate on investment returns and loss experience continue to put pressure on U.K. non-life insurers’ financial...
Best Affirms XL Group, P&C Subs ‘A’ Ratings; Outlook Stable
Sep 22 2011 // 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 subsidiaries of the holding company, XL Group plc,...
Wells Publishing to Launch New Claims Journal Magazine
Sep 22 2011 // Wells Publishing Inc. announces the launch of Claims Journal magazine, a quarterly publication targeting claims professionals in the property/casualty insurance industry. The new magazine, scheduled to launch the first...
Top 5 Technology Priorities for P/C Insurers
Sep 19 2011 // Property/casualty insurance companies plan to invest in technology for underwriting, policy administration, consumer portals, predictive analytics/business intelligence and mobility/virtualization. Those are the top five...
People
Sep 19 2011 // XL Insurance has made six key appointments to its North America Construction team. The latest additions to XL Insurance’s North America construction team include: Lawrence Lejfer — Vice president and senior...
Global Property Insurance Market Remains Volatile: Aon Benfield
Sep 12 2011 // In terms of global underwriting volatility, the property insurance market remains substantially more volatile than other major lines. In Germany and Spain property is nearly twice as volatile as motor, the most stable...
Aran Insurance Services to Offer Specialty P&C Programs in Canada
Sep 6 2011 // Aran Insurance Services Group’s property and casualty subsidiary MiniCo Insurance Agency, LLC, will offer specialty insurance programs in Canada through its new affiliate, MiniCo Insurance Agency of Canada, Inc....
Texas July Enforcements Include $391K in Fines, Restitution
Sep 6 2011 // The Texas Department of Insurance enforcement actions that became final during July 2011 include two license revocations, one license denial and fines and restitution totaling $391,308. An order imposing disciplinary...
Wm. Gallagher Appoints Bardelli Senior VP for Property/Casualty
Sep 6 2011 // Boston-based broker and service provider William Gallagher Associates (WGA) announced that David Bardelli has joined the firm as a senior vice president in the property/casualty practice. He will serve as the new casualty...
Discover INSURICA
Sep 5 2011 // Seeking Unexplored Routes to Riches, a Rising Oklahoma Agency Network Finds Its New Corporate Identity, While Doubling Its Size Top 100 Agency Profile Rank: No. 15 Agency Name: INSURICA Insurance Management Network Main...
Best Affirms Ameriprise Financial and Subs Ratings
Aug 31 2011 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa-” of Minneapolis-based RiverSource Life Insurance Company and its wholly...
Irene Insured Losses in U.S. at $3-$6 Billion; P/C Pricing Unlikely to Turn
Aug 29 2011 // Hurricane Irene caused $3 billion to $6 billion in insured losses, catastrophe modeling company AIR Worldwide said Monday, affirming the insurance industry’s suspicion the impact was not as bad as feared. In the days...
P/C Industry ‘Adequately Capitalized’ Says Best, Despite Irene Losses
Aug 29 2011 // A.M. Best has begun an assessment of the potential financial impact Hurricane Irene’s passage through the Caribbean and up the East coast of the U.S. might have on the property/casualty industry in the U.S.,...
Texas Enforcements for June 2011 Include Nearly $285K in Fines, Restitution
Aug 17 2011 // Enforcement actions taken by the Texas Department of Insurance that became final during June 2011 include seven license revocations, two license denials, and fines and restitution totaling $285,521. An order imposing...
Top 10 Innovative P/C Insurance Products
Aug 15 2011 // Editor’s Note: This article originally appeared in Insurance Journal’s Satire Issue, August 15, 2011. The content in this issue is not real and is not to be taken seriously. It’s supposed to be humorous....
PR Catastrophe
Aug 15 2011 // Editor’s Note: This article originally appeared in Insurance Journal’s Satire Issue, August 15, 2011. The content in this issue is not real and is not to be taken seriously. It’s supposed to be humorous....
Industry Keeps Pace As America Gets Older, Wider
Aug 15 2011 // Editor’s Note: This article originally appeared in Insurance Journal’s Satire Issue, August 15, 2011. The content in this issue is not real and is not to be taken seriously. It’s supposed to be humorous....
