Latest Property Casualty Headlines
All the headlines from our Property Casualty Topic Page, ordered by recency.
S&P Warns P/C Insurers on Reserving Practices
Jun 3 2010 // Property/casualty (P/C) insurers have turned to releasing significant amounts of reserves in the past couple of years, even as the underlying business conditions have deteriorated, but may have to slow this practice,...
Aon: P/C Insurance Rates Decrease, Capacity Continues to Increase
May 27 2010 // Property rates will continue to drop 5 percent to 15 percent for most risks, despite record global catastrophic losses seen in early 2010, according to Aon Corp.’s 2010 U.S. Insurance Market Overview. Property...
Best Upgrades AXA Insurance Ratings to ‘A’; Outlook Stable
May 24 2010 // A.M. Best Co. has upgraded the financial strength rating (FSR) to ‘A (Excellent) from ‘A-‘ (Excellent) and issuer credit rating (ICR) to “a” from “a-” of New York-based AXA...
Insurance Veterans Open McManus Agency in Medina, Ohio
May 21 2010 // Longtime insurance industry professionals Ryan and Roger McManus recently announced the opening of the McManus Agency in Medina, Ohio. President Ryan McManus and Director of Operations Roger McManus, are both experienced...
Insurance Journal Searches for Nation’s Leading Agencies
May 20 2010 // Insurance Journal is on the search for leading privately-held property casualty independent agencies and brokerages for its annual Top 100 Property/Casualty Independent Insurance Agencies report. Top Overall Independent...
Best Affirms EMC Group’s ‘A-‘ Ratings; Revises Outlook to Positive
May 19 2010 // A.M. Best Co. has revised the outlook to positive from stable and affirmed the financial strength ratings (FSR) of ‘A-‘ (Excellent) and issuer credit ratings (ICR) of “a-” of EMC Insurance Companies...
People
May 17 2010 // Martha A. Lees has been named deputy superintendent and general counsel for the New York State Insurance Department. She advises the superintendent on legal matters and oversees the preparation of legal opinions, the...
2010 Super Regional P/C Insurers
May 17 2010 // Demotech Inc. Reveals Leading Multi-State P/C Carriers The original criteria and objective definition for Super Regional P/C Insurers™ was established in the Feb. 12, 2007 issue of Insurance Journal. Prior to the...
Oregon Advises P/C Industry of Credit Scoring Changes
May 10 2010 // The Oregon Department of Consumer and Business Services Insurance Division is reminding the insurance industry of new credit scoring legislation, which passed in the 2009 Legislative session and apply to personal insurance...
Fremont Michigan InsuraCorp Sees Growth in Q1 2010
May 5 2010 // Fremont Michigan InsuraCorp Inc., a Michigan-exclusive property and casualty insurance carrier, reported revenues of $14.9 million for the first quarter of 2010, up 9.4 percent from revenues in the first quarter...
Best Affirms ACE and Subs Ratings; Outlook on Debt Changed to Positive
May 4 2010 // A.M. Best Co. has revised the outlook to positive from stable and affirmed the issuer credit ratings (ICR) of “a-” and senior debt ratings of ACE Limited, based in Zurich, Switzerland, and ACE INA Holdings...
P/C Industry’s Net Income Up $25B in 2009; Combined Ratio Improves to 101
May 3 2010 // The U.S. property/casualty industry’s profitability as measured by their rate of return on average policyholders’ surplus (or statutory net worth) increased by 5.8 percent in 2009, while private P/C...
People
May 3 2010 // TD Insurance Inc. in South Portland, Maine, has hired Leah K. Halsey as an account executive in employee benefits. She is responsible for working with employers throughout northern New England to design, implement and...
People
May 3 2010 // Cincinnati, Ohio-based American Empire Surplus Lines Insurance Co. (AESLIC) has named Frederick J. Woebse president and chief operating officer. He succeeds Robert Nelson, who was named chairman and chief executive...
AmWINS CEO DeCarlo on Colemont Merger, Texas and Going Global
May 3 2010 // The acquisition of wholesale insurance broker Colemont Insurance Brokers by its competitor AmWINS Group gives AmWINS entry into international markets for the first time and a bigger presence in Texas, where Colemont is...
AmWINS CEO DeCarlo on Colemont Merger and Going Global
May 3 2010 // The acquisition of wholesale insurance broker Colemont Insurance Brokers by its competitor AmWINS Group gives AmWINS entry into international markets for the first time and a bigger presence in Texas, where Colemont is...
People
May 3 2010 // Regional property/casualty insurance company, The Republic Group, based in Dallas, announced that Jim Drawert, vice president – Industry Relations, will retire June 30. Prior to joining Republic in 2003, Drawert was...
AmWINS CEO DeCarlo on Colemont Merger, Texas and Going Global
May 3 2010 // The acquisition of wholesale insurance broker Colemont Insurance Brokers by its competitor AmWINS Group gives AmWINS entry into international markets for the first time and a bigger presence in Texas, where Colemont is...
AmWINS CEO DeCarlo on Colemont Merger, Texas and Going Global
May 3 2010 // The acquisition of wholesale insurance broker Colemont Insurance Brokers by its competitor AmWINS Group gives AmWINS entry into international markets for the first time and a bigger presence in Texas, where Colemont is...
ACE Posts $755 Million Q1 Net; Operating Income of $579 Million
Apr 30 2010 // ACE Limited reported from its headquarters in Zurich that net income for the quarter ended March 31, 2010, totaled $755 Million, compared to $567 million in Q1, 2009. Net income was $2.22 per share, compared with $1.69 per...
