Latest Property Casualty Headlines
All the headlines from our Property Casualty Topic Page, ordered by recency.
Gramercy Insurance Company Selects NetRate Systems Rating System
Jun 21 2007 // To Improve Efficiency and Speed with Commercial Lines Quotes ATLANTA, GA and OKEMOS, MI – NetRate Systems, Inc., a leader in Property & Casualty Rating and Applications software, announces an agreement to...
P/C Insurers Invest $320 Billion in Public Projects Including Schools
Jun 20 2007 // The insurance industry holds investments in municipal bonds worth more than $320 billion, investments that help fund construction of schools, roads, and hospitals, and support a variety of other public sector activities,...
Strength in Numbers
Jun 18 2007 // Today’s demands on independent agents are plentiful: competition, risk management, compensation disclosure, quality markets and carrier’s demands for premium quotas, to name a few. Such demands could be one...
Lancashire Enters S.C. Property and Casualty Market
Jun 15 2007 // Lancashire Insurance Co. Ltd. gained approval to provide insurance coverage on an excess and surplus basis for properties located in South Carolina. Lancashire intends to focus primarily on coastal windstorm and earthquake...
Best Affirms AIG’s ‘Superior’ Ratings
Jun 14 2007 // A.M. Best Co. has affirmed the financial strength ratings of American International Group Inc. and a number of companies that are part of AIG, as follows: — AIG’s life and retirement services subsidiaries...
Hartford Financial Reports Changes at the Top; Names Marra President
Jun 13 2007 // The Hartford Financial Services Group, Inc. has named Thomas M. Marra to the newly created position of president and chief operating officer. Marra, 48, currently a member of the company’s board of directors and...
S&P: 2007 Mid-Year Outlooks for U.S. P/C Teleconference Today
Jun 12 2007 // Standard & Poor’s Ratings Services will hold a telephone conference call today, June 12, 2007, at 11:00 AM Eastern Standard Time, 4:00 PM U.K. Time, to present an overview of its ratings outlooks for the U.S....
Texas Mid-Year Property/Casualty Symposium Set for July 12
Jun 12 2007 // The Insurance Council of Texas (ICT) and the Association of Fire and Casualty Companies in Texas (AFACT) will present the 15th Annual 2007 Mid-Year Property & Casualty Insurance Symposium on July 12, in Austin,...
Best Rates State Farm ‘A++’
Jun 12 2007 // A.M. Best Co. has affirmed the financial strength ratings (FSR) of “A++” (Superior) and assigned issuer credit ratings (ICR) of “aa+” to State Farm Group and its P/C members and life affiliates....
New California P/C Brokerage Firm Formed
Jun 7 2007 // Trident IV L.P., a private equity fund managed by Stone Point Capital, announced that it, along with John G. Hahn and Dan R. Francis, have committed to invest up to $100 million to form Edgewood Partners Insurance Center,...
Florida Welcomes Insurers to Anxious Market
Jun 5 2007 // Eight new insurers entered the property and casualty insurance marketplace in Florida since January 1, 2007 according to the Florida Office of Insurance Regulation The insurers represent a variety of insurance entities...
Republic CEO: P/C mergers and acquisitions likely to ‘skyrocket’
Jun 4 2007 // The statutory surplus for property and casualty insurers is at a record $488 billion, according to the CEO of one Dallas-based regional carrier, and they are going to be looking for somewhere to put that cash to work....
Personal Lines LEADERS
Jun 4 2007 // About the Personal Lines Leaders: The Personal Lines Leaders in this special feature are taken from Insurance Journal’s Top 100 Property Casualty Independent Agencies as reported in April. This list utilizes only the...
Republic CEO: P/C mergers and acquisitions likely to ‘skyrocket’
Jun 4 2007 // The statutory surplus for property and casualty insurers is at a record $488 billion, according to the CEO of one Dallas-based regional insurer, and they are going to be looking for somewhere to put that cash to work....
People
Jun 4 2007 // National Insurance Partners Inc. (NIP), a Texas-based risk management and financial solutions firm, has appointed William E. Harrison, Jr. as president. Harrison brings 16 years of experience in the insurance industry to...
Wis. Wausau Survey Reveals Trends in Lines of Commercial Insurance
May 30 2007 // Spurrred by advice from their agent or broker, commercial insurance buyers show increasing interest in buying more than one line of coverage from a carrier, according to a new survey commissioned by Wis.-based Wausau...
La. Officials’ Insurer Sponsored Trips may Have Broken Law
May 30 2007 // Hunting and fishing trips taken by state officials and paid for by the state-run insurer of last resort, may have broken the law, according to a legislative audit report made public May 28. The audit found that Louisiana...
S&P Sees Japan P/C Sector as ‘Stable’
May 30 2007 // Standard & Poor’s Ratings Services latest report on the Japanese non-life industry concludes that, despite large payouts the sector remains relatively stable. However, 2006 was not a particularly good year....
R&M’s Hong Kong P/C ‘Snapshots’
May 29 2007 // Dublin-based Research and Markets has added “Snapshots Hong Kong Non-Life Insurance 2007” to their offering. The new summary report “provides 2005 year-end market size data, with 2006 estimates, 4 years...
Recent Ratings Roundup: Travelers; Hanover; Amica Mutual
May 24 2007 // Standard & Poor’s Ratings Services has assigned its “A-” rating to Travelers Companies Inc.’s $1.5 billion senior notes, which mature in 2012, 2017, and 2037. The company intends to use the...
