Latest Property Casualty Headlines
All the headlines from our Property Casualty Topic Page, ordered by recency.
Farm Bureau Mutual Moving Forward with Mutual Holding Company Plan
Dec 21 2009 // Both the policyholders of Farm Bureau Mutual Insurance Company and the Iowa Insurance Commissioner now have approved plans under which the company will be reorganized into a mutual holding company structure. The plan of...
Best Analyzes AIG; Affirms Most P/C, L&H Ratings; Outlook Negative
Dec 21 2009 // A.M. Best Co. has affirmed the financial strength ratings (FSR) and issuer credit ratings (ICR) of most P/C life/health insurance subsidiaries of American International Group, Inc., as well as the ICR of “bbb”...
Truth or Lore? Insurance ‘Factorama’ Explores the Known and Little-Known
Dec 20 2009 // It’s the end of the decade that apparently has no name as yet, but that doesn’t stop those of us at Insurance Journal from looking back at the past 10 years and beyond for known and little-known insurance...
P/C Industry Certain to Face Uncertainty in 2010 and Beyond
Dec 20 2009 // The insurance industry may not see a return to relative stability and certainty for a few years as it reacts to the effects of regulatory reform, increased government intervention and potential tax law changes in the...
Rocky 2009 Leaves P/C Industry Hoping for a Better 2010
Dec 20 2009 // Agents Wish for Firmer Prices, Better Economy and Market Stability in New Year Once again, agents and brokers are wishing for a harder insurance market in the New Year. But while most agents hope for firmer insurance...
2009 P/C Insurance Mergers, Acquisitions Large and Small
Dec 20 2009 // Large insurers AIG, Farmers and The Hartford made moves in 2009, as did large brokers Marsh, Aon, Willis, Gallagher, Brown & Brown, Hub and Wells Fargo. So, too, did, many regional insurers and Main Street agencies....
Best Affirms Swiss Re and Subs ‘A’ Ratings; Outlook Stable
Dec 15 2009 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a+” of Swiss Reinsurance Company Ltd. and its subsidiaries. Best also affirmed...
Aon: P/C Market and D&O Market to Further Stabilize in 2010
Dec 10 2009 // Property, casualty and directors’ and officers’ (D&O) liability insurance rates will continue to stabilize in 2010, according to Aon Corp.’s U.S. Q3 ’09 Quarterly Market Overview. Highlights of...
P/C Insurers’ Asbestos Losses Down
Dec 7 2009 // A.M. Best Co. has revised its view of the U.S. property/casualty industry’s ultimate asbestos and environmental (A&E) losses downward to $117 billion from $121 billion. Asbestos exposures now are estimated at...
People
Dec 6 2009 // Monte Stringer, executive vice president with U.S. Risk Inc. in Dallas, has been elected president of the Texas Surplus Lines Association Inc. for the coming year. Stringer and other new officers and directors of the...
West Virginia Court Sides with Insurer on Antitrust Claim by Cancelled Agent
Dec 4 2009 // An insurance company has won a victory over one of its former West Virginia agents who claimed the insurer violated state antitrust law when it cancelled his contracts to sell its life and property/casualty insurance...
Passionate About Insurance and Writing? This May Be Your Opportunity
Dec 3 2009 // Insurance is one of the most important industries in the U.S. and other nations. This is not hyperbole; without insurance, we couldn’t enjoy much of the stuff to which we have grown accustomed: jobs, homes, cars or...
Balboni to Head P/C Practice at William Gallagher Associates
Nov 25 2009 // Boston-based insurance brokerage William Gallagher Associates (WGA) has named Jamie T. Balboni as the new head of its Property & Casualty Practice Balboni is a principal at the firm with over 25 years of experience in...
Best Affirms Ratings of Assurant and Its Subsidiaries; Several Upgraded
Nov 20 2009 // A.M. Best Co. has affirmed the financial strength ratings (FSR) and issuer credit ratings (ICR) of the P/C and life/health insurance subsidiaries of Assurant, Inc. Best also affirmed the ICR of “bbb” and debt...
Insurance Associations Concerned on Financial Stability Improvement Act
Nov 18 2009 // In an open letter addressed to Barney Frank, the Chairman of the House of Representatives Committee on Financial Services, the largest U.S. insurance trade associations expressed their concerns over the recently passed...
ACE Europe Appoints UK Corporate P/C Underwriting Managers
Nov 17 2009 // ACE Europeannounced the appointment of John Stanway as Corporate Property & Casualty Underwriting Manager for the UK North region and Graeme McGeachie as Corporate Property & Casualty Underwriting Manager for the...
Lacher to Head Allstate’s P/C Division
Nov 17 2009 // The Allstate Corp. has named Joseph P. Lacher, Jr., 40, as president of Allstate Protection, effective November 30, 2009. He will lead all of Allstate’s property and casualty offerings, “serving over 17 million...
People
Nov 15 2009 // Arthur Seifert has joined Southwest Insurance Partners Inc. (SWIP) as chief executive officer of Houston-based Bunker Hill Insurance Agency (BHIA), SWIP’s wholly owned underwriting agency subsidiary. Seifert has been...
Insurance Trades Cast Wary Eyes at Senate Financial Services Bill
Nov 11 2009 // Chairman Christopher Dodd (D-Conn.) of the Senate Banking Committee on Tuesday introduced a draft of the long-awaited financial services regulatory reform bill. While insurance industry representatives were quick to...
Insurance Journal Magazine Unveils iPhone Application
Nov 5 2009 // SAN DIEGO, CA (November 5, 2009) — Insurance Journal, the world’s leading news source for the property/casualty insurance industry, has launched a new iPhone application, that allows readers to quickly view...
