Latest Property Casualty Headlines
All the headlines from our Property Casualty Topic Page, ordered by recency.
Focus Holdings Closes on Acquisition of Capacity Insurance in Florida
Jul 8 2009 // Focus Holdings, LLC in Sunrise, Florida, reports that it closed on its acquisition of Capacity Insurance Co. (CIC), a Florida domestic commercial lines insurer, effective July 1, 2009. Focus, better known by the name of...
State Auto: How a Regional Carrier Weathers the Storms
Jul 6 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...
People
Jul 6 2009 // Columbus, Ohio-based State Automobile Mutual Insurance Company and State Auto Property & Casualty Insurance Company has named new managers in various divisions. Robert (Bob) A. Bachtell is claims manager for State...
People
Jul 6 2009 // Jeffrey A. Vanderpool has been promoted to senior vice president and chief claims officer at Sunshine State Insurance Co. in St. Augustine, Fla. Vanderpool has served as vice president of caims since he joined the insurer...
People
Jul 6 2009 // Houston-based insurance agency Bowen, Miclette & Britt named Dan Persha director of environmental risk management. With 30 years of commercial insurance brokerage experience, Persha specializes in heavy casualty,...
Taking Care of Business
Jul 6 2009 // Leading Near National P/C Carriers Revealed The original criteria and objective definition for the Near National Property/Casualty Carriers was established in the Feb. 12, 2007, issue of Insurance Journal. The Demotech...
2009 Near National P/C Insurers
Jul 6 2009 // 2009 Near National P/C Insurers Company Name 2009 Demotech Company Classification 2008 Demotech Company Classification 2007 Demotech Company Classification Affiliated FM Insurance Co. Near National Near National Near...
P/C Industry Posts $1.3B Loss in Q1; Combined Ratio Up to 102.2
Jul 6 2009 // The property/casualty insurance industry suffered a $1.3 billion net loss after taxes for first-quarter 2009, which constitutes a $9.8 billion adverse swing from the industry’s $8.5 billion in net income after taxes...
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...
