Latest Property Casualty Headlines
All the headlines from our Property Casualty Topic Page, ordered by recency.
The Hartford Boosts Profits in Q3
Nov 3 2010 // The Hartford Financial Services Group, Inc. reported third quarter 2010 net income of $666 million. This compares to the company’s third quarter 2009 net loss of $220 million. The Hartford reported core earnings for...
Insurance Premiums Paid by Texans Dipped Slightly in 2009
Nov 2 2010 // The property/casualty insurance industry in Texas experienced a “ho hum” year in 2009 with soft market pricing and a difficult economy taking a toll on written premium, according to a report released by the...
People
Nov 1 2010 // Juan Andrade stepped down as Commercial Markets president at The Hartford to join Ace as president of the insurers’ Global Personal Lines and Small Commercial Insurance division. He will assume the new position with...
Fireman’s Fund Ready to Rally
Nov 1 2010 // Company Progressing on Mass Market Strategy Fireman’s Fund’s financials, like other insurance carriers’, got bruised a little in the first half of 2010, following some heavy catastrophe losses. But...
The ‘Secrets of the Ancients’
Nov 1 2010 // How Insurance Companies Can Live to Be 100 and Beyond Companies that seek longevity in the insurance industry should not focus solely on increasing profits. That’s the assessment of Robert P. Hartwig, president and...
How an E&O Claim Could Affect Agency Employee’s Career
Nov 1 2010 // Survey Finds Agencies Take a Second Look at Hiring Employees With Past E&O Histories Today’s soft insurance market, reduced commissions and a tough economy for agency owners and their clients might be adding to...
Top 100 Agency Profile
Nov 1 2010 // Rank: 6 Agency Name: The ISU Group Year Founded: 1979 Headquarters: San Francisco, Calif. Approx. 100 additional locations nationwide Principals: T.J. Ryan III, CEO; Steven C. Pearson, president, ISU International %...
Cincinnati Financial Q3 2010 Income Drops Compared to 2009
Oct 29 2010 // Cincinnati Financial Corp. reported $156 million, or 95 cents per share, of net income for the third quarter of 2010 compared with a net income of $171 million, or $1.05 per share, in the third quarter of 2009. The...
Insurers Boost Calif. Economy By $30.1 Billion
Oct 28 2010 // California has a $1.85 trillion economy that ranks it as a global financial power, thanks in part to a multi-billion dollar boost from the property/casualty insurance industry, according to a new report. In 2007, insurers...
S&P Lowers Ratings on American National’s Operating Companies
Oct 25 2010 // Standard & Poor’s Ratings Services has lowered its counterparty credit and financial strength ratings on the core operating companies of the American National Insurance Co. group (ANICO) to ‘A+’ from...
P/C Executives Encouraged to Be Optimistic Amid America’s Challenges
Oct 25 2010 // An executive of a national insurance company trade group told insurance CEOs and senior executives that America faces a struggle between two competing visions for the future – a choice between a free market system...
University Study of P/C Insurers Finds Bad CEOs Can Wreck Companies
Oct 18 2010 // When companies go out of business, their leaders often blame something other than their own performance for the failure. Lehman Bros.’s CEO Richard Fuld said his compensation package had nothing to do with his...
People
Oct 18 2010 // Texas-based Roach Howard Smith & Barton (RHSB) announced that Jan Holcombe joined the company as vice president of personal client services. Holcombe brings more than 20 years of experience as an insurance counseling...
People
Oct 18 2010 // The Hartford appointed Lisa Morgan senior vice president of its middle market commercial insurance business. She will lead The Hartford’s $2 billion middle market commercial insurance unit that provides the...
Commercial Lines Leaders
Oct 18 2010 // About the Commercial Lines Leaders: The 2010 Commercial Lines Leaders in this special feature are taken from Insurance Journal’s Top 100 Property/Casualty Indepdendent Agencies as reported in August. This list...
Foreign Insurers Need Adaptability to Share in Gulf Market
Oct 7 2010 // International insurers seeking a bigger share of the potentially lucrative Gulf market need to adapt quickly to regulatory changes and tap into growth areas like Islamic finance or risk being muscled out of...
S&P Raises AFG’s Subsidiaries Ratings to ‘A+’; Outlook Stable
Oct 7 2010 // Standard & Poor’s Ratings Services has raised its counterparty credit and financial strength ratings on American Financial Group’s (AFG) core insurance subsidiaries to ‘A+’ from...
MainSource Financial Sells P&C, Health Units to Encore Insurance
Oct 4 2010 // Greensburg, Ind.-based MainSource Financial Group announced it sold the property and casualty and health insurance book of businesses related to its insurance subsidiary, MainSource Insurance (MSI), to Encore Insurance...
A Wonderful Life
Oct 4 2010 // McQueary Henry Bowles Troy Soars High With Faith, Texas Values and the Ultimate Angel Investor If a creative insurance cinematographer were to capture the story of McQueary Henry Bowles Troy LLP, it might appear to be a...
Top 25 Carriers’ Second Quarter Results Show Improvement in 2010 Versus Second Quarter 2009
Oct 4 2010 // Benjamin Franklin once said, “Without continual growth and progress, such words as improvement, achievement and success have no meaning.” In a market that continues to be described as soft, the Top 25...
