Latest Property Casualty Headlines
All the headlines from our Property Casualty Topic Page, ordered by recency.
China’s P&C Insurer Licenses AIR’s Quake Cat Models
May 17 2006 // Boston-based AIR Worldwide Corporation announced that China’s PICC Property and Casualty Company Limited has licensed CLASIC/2™ and CATRADER®, AIR’s catastrophe risk management systems, to manage the...
Schmelzer to Head Insurance Guaranty Fund Group
May 16 2006 // The National Conference of Insurance Guaranty Funds (NCIGF) has selected a property/casualty trade association executive to serve as its next chief executive. Roger H. Schmelzer will begin his duties with the...
Allianz Posts $2.28 Billion Q1 Net Income; All Sectors Show Gains
May 15 2006 // Germany’s Allianz Group added its numbers to the growing list of companies recording strong first quarter results. The German giant posted €1.779 billion ($2.28 billion) net income for the period, a 34 percent...
IJ’s Top 100 Highlights Nation’s Largest Privately-Held Independent Agencies
May 15 2006 // Insurance Journal released its third annual Top 100 Property Casualty Independent Agencies list late last month and one of the nation’s largest networks of retail agencies came in as number one. Leading the pack of...
Agents Learn U.S. Insurers Withstood Record Catastrophe Losses with Strong Capitalization, Sound Risk Management
May 9 2006 // Strong capitalization, sound risk management and efficient global risk sharing enabled the U.S. property/casualty insurance industry to withstand record-setting catastrophe losses in 2005, but the industry also should keep...
Sound risk management, investment plus for insurers
May 8 2006 // U.S. property/casualty insurers managed to increase earnings and add to their capital base in 2005 despite record catastrophe losses, according to Insurance Services Office (ISO) and the Property Casualty Insurers...
People
May 8 2006 // Carol Sipe has been named vice president and general manager of operations; Francis “Fran” Graham has been named Southeast director of sales; and Chris Neyrey has been named Southwest director of sales and...
People
May 8 2006 // Frank Vaccaro was named vice president of Information Services for Dallas-based Republic Companies Group Inc. He will report to Parker Rush, Republic’s president and CEO. Vaccaro most recently was assistant vice...
Swett & Crawford Appoints New Staff Nationwide
May 5 2006 // Swett & Crawford has announced new additions to their staff in offices nationwide. Margaret Jacobs moves to the Swett & Crawford Chicago office as director, Healthcare Practice Group, from Aon Risk Services where...
S&P Annual Insurance Conference Scheduled for NYC in June
May 5 2006 // Standard & Poor’s Ratings Services announced that “Rethinking Risk” will be the theme of its 22nd annual insurance conference scheduled for June 5-6 in New York City. S&P said: “CEOs from...
Cramer & Giles Acquired by Beecher Carlson
May 5 2006 // Eugene-Oregon-based Cramer & Giles Insurance Inc. has been acquired by Beecher Carlson, an insurance brokerage and risk management consulting firm headquartered in Atlanta. Cramer & Giles has been merged with...
21%, 91%, 51% Rate Hikes Requested; S. Fla. Hearings Scheduled
May 3 2006 // The Florida Office of Insurance Regulation has scheduled rate hearings in May for three carriers, Hartford Insurance Co. of the Midwest, Florida Peninsula Insurance Company, and United Property and Casualty. Hartford...
S&P Assigns SCOR Global ‘A-‘ Ratings; Affirms Group Ratings
May 3 2006 // Standard & Poor’s Ratings Services announced several rating actions concerning French reinsurer SCOR. S&P said it has assigned an indicative “A-” long-term insurer financial strength rating to...
ACE Posts $489 Million Q1 Net; to Host Conference Call
Apr 26 2006 // ACE Limited reported record net income for the first quarter ended March 31, 2006 of $489 million or $1.46 per common share after payment of preferred dividends, compared with net income of $437 million or $1.48 per share...
Unitrin Specialty® gets another “A”!
Apr 24 2006 // Strong Financials, Operating Performance gets thumbs up from Standard & Poor DALLAS, TEXAS – Standard and Poor’s Ratings Services affirmed its “A” financial strength ratings on Unitrin’s...
MHBT Appoints Ginn as Vice President in Property/Casualty Group
Apr 20 2006 // McQueary Henry Bowles Troy L.L.P. (MHBT) announced the appointment of Linda Ginn as vice president and account executive in the property and casualty group in the firm’s Dallas office. “Linda brings to the MHBT...
Survey: Commercial P/C Rates Hold Flat or Drop Slightly
Apr 20 2006 // Commercial property/casualty rates were flat or fell slightly during the first quarter of 2006, with renewal premiums for half of all account sizes holding steady or dropping between 1 percent to 10 percent in the first...
Ohio-Based The Midland Company Reports First Quarter Results
Apr 20 2006 // Cincinnati-based The Midland Company, a provider of specialty insurance products and services, announced record results for the first quarter ending March 31, 2006, according to a written statement issued this week. The...
Fla. Slates Hearings on Cypress P/C’s Rate Requests
Apr 19 2006 // The Florida Office of Insurance Regulation will be conducting rate hearings April 25 in Palm Beach Gardens for input from the public concerning rate filings by Cypress Property and Casualty Insurance Company, which is...
Sound Risk Management, Strong Investment Results Prove Positive for P/C Industry
Apr 18 2006 // U.S. property/casualty insurers managed to increase earnings and add to their capital base in 2005 despite record catastrophe losses, according to ISO and the Property Casualty Insurers Association of America (PCI). Sound...
