Latest Property Casualty Headlines
All the headlines from our Property Casualty Topic Page, ordered by recency.
Congress Told New Consumer Agency Not Needed for P/C Insurance
Jun 25 2009 // There is no need for a federal consumer protection agency for property/casualty insurance products, state insurance regulators and insurers told Congress. In testimony before the House Committee of Financial Services on a...
AIU Holdings Names Schimek Global CFO; Vows No Breakup of P/C Group
Jun 24 2009 // AIU Holdings, the property/casualty division of insurer AIG and one of the world’s largest commercial insurers, has tapped Robert Schimek to be its first global chief financial officer, a role that includes preparing...
P&C Insurance Industry Will Be Smaller at End of Financial Crisis
Jun 19 2009 // The property and casualty insurance industry is projected to be smaller, in dollar terms, once the current financial crisis is corrected, according to a leading industry economist. Once the recession finally ends, the...
Officials Looking to Catch Few Bad Apples Among P/C Insurance Agents
Jun 17 2009 // Those who track insurance criminals for a living say that as the economy has worsened, insurance fraud has been on the rise– and they are on the alert for any jump in fraud by property/casualty agents and...
Bostonian Group Launches P/C Risk Management Practice
Jun 17 2009 // Massachusetts-based benefits firm The Bostonian Group has formed a property/casualty risk management practice group called Bostonian Solutions Property & Casualty. The firm said its risk management practice will...
Obama Insurance Views Mirror Those of P/C Agents, Insurers, Regulators
Jun 17 2009 // The Obama administration’s views on insurance regulation are in keeping with those of many within the property/casualty insurance industry as well as state regulators who now regulate the industry. Most in the...
Pressure Is On to Catch a Few Bad Apples
Jun 15 2009 // Fraud Investigators on Alert to Prevent Property/Casualty Agent Abuses from Spreading Those who track insurance criminals for a living say that as the economy has worsened, insurance fraud has been on the rise — and...
Risk, Reward and Reflection
Jun 15 2009 // Lessons Gained from the Current Economic Storm The property/casualty business has never been easy. As history shows, the underwriting community has been successful in creating and delivering insurance products that give...
They Do THAT, Too!
Jun 15 2009 // Diversification Spurs San Antonio-Based SWBC to Great Heights Top 100 Agency Profile Ranking No. 13 (ranking based on 2007 figures) Agency Name: SWBC Headquarters: San Antonio, Texas Year Founded: 1976 2008 Total P/C...
Financial Crisis Teaches Risk Management, Modeling Lessons
Jun 12 2009 // The current financial crisis did not result from a failure of enterprise risk management (ERM), but a failure to implement ERM processes, according to actuaries. According to Parr Schoolman, senior vice president for Aon...
How Actuaries Help P/C Insurers Navigate Uncertain Markets
Jun 11 2009 // Property/casualty insurers and reinsurers rely more than ever on the expertise of actuaries at a point in the cycle when the market is neither softening nor hardening, attendees at the CAS Seminar on Reinsurance were told...
Ohio’s State Auto Announces New Management Positions
Jun 11 2009 // Columbus, Ohio-based State Automobile Mutual Insurance Company and State Auto Property & Casualty Insurance Company have announced new managers in various divisions. Robert (Bob) A. Bachtell is claim manager for State...
Analysts: P/C Insurers’ Hopes for Hard Market Undercutting Reserves
Jun 10 2009 // Some property/casualty insurers might be in for a rude awakening with respect to their reserve practices, according to industry experts. The property/casualty insurance sector’s ability to properly estimate its loss...
Top 100 Final Call: Last Day to Submit Your Agency
Jun 8 2009 // Insurance Journal is on the search for the nation’s leading privately-held property casualty independent agencies and brokerages for its annual Top 100 Property/Casualty Independent Insurance Agencies report. And...
Top 100 Profile: Strength in Numbers at Keystone Insurers Group
Jun 4 2009 // As Insurance Journal prepares for another Top 100 Independent Property/Casualty Agency List, to be published in our Aug. 3, 2009, magazine, the editors wanted to highlight a few of the current Top 100 agencies. Throughout...
Top 100 Agencies: Extended Deadline to Submit, June 8
Jun 3 2009 // Insurance Journal has extended the deadline for its annual Top 100 Agencies submissions. IJ is on the search for the nation’s leading privately-held property casualty independent agencies and brokerages for its...
P/C Insurers Apply Lessons from Hurricane Katrina
Jun 2 2009 // The property/casualty insurance industry is employing advancements in catastrophe modeling and considering the impact of the creation of a national catastrophe fund as it applies lessons learned from Hurricane...
State Auto: How a Regional Carrier Weathers the Storms
Jun 1 2009 // CEO Restrepo Talks Cat Losses, Premium Growth and Independent Agents Regional property/casualty insurance companies don’t make headlines like the large institutions. They simply go about their business serving...
Premium Growth: Top 25 Premium Gainers in 2008 Versus 2007
Jun 1 2009 // What is the impetus for growth? Why do some insurers emphasize growth and others do not? In his Sept. 25, 1961, address to the United Nations, President John F. Kennedy described conformity as “the enemy of...
Investigators Aim to Catch Few Bad Apples in P/C Agent Ranks
Jun 1 2009 // As Economic Conditions Drive Up Fraud, Officials Hope to Prevent Agent Abuses from Spreading Those who track insurance criminals for a living say that as the economy has worsened, insurance fraud has been rising –...
