Latest Property Casualty Headlines
All the headlines from our Property Casualty Topic Page, ordered by recency.
ACE Reports $677 Million Q2 Net Income; Operating $688 Million
Jul 28 2010 // ACE Limited reported net income for the quarter ended June 30, 2010, of $677 million, or $1.98 per share, compared with $535 million, or 1.58 per share for the same quarter last year. Income excluding net realized...
Best Assigns ‘A’ Ratings to China Re Group; Outlook Stable
Jul 27 2010 // A.M. Best Co. has assigned a financial strength rating of ‘A’ (Excellent) and issuer credit ratings of “a” to China Reinsurance (Group) Corporation (China Re or the Group) and its subsidiaries,...
United Fire & Casualty P/C Unit Sees Decline in Premiums, Claims
Jul 27 2010 // United Fire & Casualty Co., headquartered in Cedar Rapids, Iowa, reported that net premiums written in its property/casualty sector declined in the three-month and six-month periods ended June 30, 2010, as compared...
Calif. State Fund Names Rowe President/CEO
Jul 27 2010 // The California State Compensation Insurance Fund has named Tom Rowe president, CEO and member of the Executive Committee. He will report directly to the Board of Directors and is responsible for the day-to-day operations...
SCOR Posts 19% Premium Gain on Half Year Non-Life Treaty Renewals
Jul 23 2010 // French reinsurer SCOR Group announced that P/C and Specialty treaty renewals at the end of June resulted in premium growth of 19 percent at constant exchange rates. In addition SCOR stressed that the renewals had fully...
Commercial P/C Insurance to Lag Economic Recovery: Conning Analyst
Jul 21 2010 // While property/casualty personal lines premiums are benefiting from rate growth, commercial lines continue to show softness, and will lag the economic recovery, according to the most recent Property-Casualty Industry...
McDermott Joins Towers Watson as P/C Director
Jul 20 2010 // Professional services firm Towers Watson has named Sean P. McDermott as a director of P&C consulting services. McDermott, who is based in the company’s Philadelphia office, is responsible for expanding the...
The Hartford Agrees to Roll Back Homeowner Rate Hikes in Texas
Jul 19 2010 // Under agreements between the Texas Office of Public Insurance Counsel (OPIC), the Texas Department of Insurance, and two subsidiaries of the Hartford Financial Services Group, Texas consumers with homeowner insurance from...
As the Wholesale World Turns
Jul 19 2010 // E&S Brokerage Mergers, Expansions and Start Ups, Oh My! As goes the circle of life, so goes the wholesale insurance broker world. Not even the sixth year of a soft market cycle has deterred industry veterans from...
Webinar to Help P/C Agents Benefit from Health Insurance Boom Under Reform Law
Jul 19 2010 // For independent insurance agents, upcoming healthcare reform could be an opportunity to gain a bigger share of the health insurance and benefits market, provided they can properly advise their customers about their...
Ward Group Names Top 50 Performing P/C Insurers
Jul 16 2010 // The Ward Group has named the top 50 property/casualty insurers, based on its evaluation of more than 3,000 companies domiciled in the United States. Companies named to the list had surplus and premiums of at least $50...
U.S. P/C Industry Posts $11.5B Net Income in Q1
Jul 13 2010 // The U.S. property/casualty industry earned a net profit for the first quarter 2010, partly due to the continued recovery in the financial markets. The first quarter 2010 rebounded from a net loss in the first three months...
ACE Appoints Furby Division President, Overseas General Operations
Jul 9 2010 // The ACE Group of insurance and reinsurance companies announced the appointment of David Furby as Division President, Commercial Property & Casualty, for ACE’s Overseas General operations. He is based in New York...
How P&C Agents Can Benefit from Upcoming Health Insurance Boom
Jul 7 2010 // For independent insurance agents, upcoming healthcare reform could be an opportunity to gain a bigger share of the health insurance and benefits market, provided they can properly advise their customers about their...
People
Jul 5 2010 // Donald D. Larson has been named president and chief operating officer of the Great American Property and Casualty Group and Great American Insurance Co. Larson is the 16th president in Great American’s history. He...
People
Jul 5 2010 // Donald D. Larson has been named president and chief operating officer of the Great American Property and Casualty Group and Great American Insurance Co. Larson is the 16th president in Great American’s history. He...
People
Jul 5 2010 // The Independent Insurance Agents of Texas (IIAT) elected David Wood, vice president and partner at Bogan, Dunlap & Wood Insurance in Odessa, to serve as the association’s president for 2010-2011. Other newly...
Near National P/C Carriers Identified for 2010
Jul 5 2010 // The Demotech Company Classification System Shows 62 Carriers Meet Critieria The original criteria and objective definition for the Near Nationals was established in the Feb. 12, 2007 issue of Insurance Journal. The...
Webinar to Help P&C Agents Benefit from Health Insurance Boom Under Reform Law
Jul 1 2010 // For independent insurance agents, upcoming healthcare reform could be an opportunity to gain a bigger share of the health insurance and benefits market, provided they can properly advise their customers about their...
S&P ‘Cautiously Optimistic’ on UK’s P/C Sector; Sees Rising Prices
Jun 30 2010 // In a recently published report Standard & Poor’s Ratings Services said that it believes “underlying underwriting performance in the U.K. non-life insurance industry has come under increasing pressure from...
