Latest Property Casualty Headlines
All the headlines from our Property Casualty Topic Page, ordered by recency.
Countrywide Insurance Services Expands So. Cal Presence
Jan 25 2006 // Countrywide Insurance Services is expanding the company’s Southern California presence with the addition of four new commercial insurance producers and with 7,000 square feet of space in Glendale, Calif. to support...
CIAB Survey Shows Wind, Flood Coverage Issues for Coastal Property
Jan 24 2006 // Although the overall commercial property/casualty marketplace has seen little impact from the severe 2005 hurricane season, coastal property is experiencing a sharp increase in prices for wind and flood coverage, according...
Producers’ own liability grows as they and their clients expand
Jan 23 2006 // Property and casualty insurance agents and brokers are being exposed to more lawsuits as they move into unfamiliar products, states and technologies, and as their clients do the same. Cus-tomers and juries see agents and...
Analysts predict faster P/C premium growth, underwriting profit
Jan 23 2006 // Each year the Insurance Information Institute invites a panel of Wall Street stock analysts and industry professionals to review the prospects for the industry in the year ahead. This year’s survey results indicate...
2006 looking good already for P/C industry
Jan 23 2006 // ‘The expectation for a third consecutive underwriting profit in 2006 is, of course, predicated on the belief that catastrophe activity will return to more “normal” levels. Record catastrophe losses will...
2006 already looking good for the property/casualty industry
Jan 23 2006 // Record catastrophe losses will weigh heavily on 2005’s underwriting results, according to the Insurance Information Institute’s recent “Earlybird Forecast Survey,” but the survey of Wall Street...
Earlybird Forecast
Jan 22 2006 // 2006 looking good already for P/C industry Record catastrophe losses will weigh heavily on 2005’s underwriting results, according to the Insurance Information Institute’s recent Earlybird Forecast Survey, but...
People
Jan 22 2006 // Susan Alford has been named executive vice president and southeast region head for Aon Consulting in Atlanta. The promotion is effective Jan. 1. Alford will be responsible for Maryland, Virginia, North Carolina, South...
Editor’s Note: Springing Back
Jan 22 2006 // Despite losses from the 2005 hurricane season, property and casualty insurance company failures de-clined 44 percent from the previous year. In the insurance world catastrophes pretty much defined what 2005 was all about;...
People
Jan 22 2006 // The Insurance Council of Texas elected James Langford as chairman of its Board of Directors effective Jan. 1, 2006. Langford is the assistant vice president of compliance, regulatory and governmental affairs, and training...
Producers’ own liability grows as they and their clients expand
Jan 22 2006 // News Currents Property and casualty insurance agents and brokers are being exposed to more lawsuits as they move into unfamiliar products, states and technologies, and as their clients do the same. Cus-tomers and juries...
Best Affirms FSR for Clarendon Group
Jan 18 2006 // A.M. Best Co. has assigned a financial strength rating (FSR) of A- (Excellent) and issuer credit ratings (ICR) of “a-” to the newly formed Praetorian Financial Group (Praetorian) (Wilmington, Del.) and its...
U.K.’s CFS Announces New Corporate Structure for its P/C Operations
Jan 17 2006 // The U.K.-based insurer Co-operative Financial Services (CFS) has announced the creation of CIS General Insurance Ltd. (CISGIL) which will insure all new and renewing Co-operative Insurance Society (CIS) motor, home and...
SCOR’s P/C, Credit and Surety Treaty Renewal Premiums Up 25%
Jan 16 2006 // France’s SCOR Group announced that “premium income linked to Non-Life and Credit & Surety treaties up for renewal on 1 January 2006 is up by around 25 percent.” The bulletin added, “these...
PGI Commercial Partnership to Serve Habitational Risks
Jan 11 2006 // PGI Commercial, a provider of property and casualty insurance programs based in Morristown, N.J., has formed new partnerships in order to provide habitational insurance programs. PGI’s new partners, Sirius America...
Personal Lines Doing Fine, Even Without Price Changes, Suggest P&C Analysts
Jan 11 2006 // The year 2005 is looking like it was a relatively good one with solid financial news for property casualty insurers overall, despite record catastrophe losses, and 2006 could bring even better news, according to analysts...
S&P Maintains Stable Outlook on Italian Insurance Industry
Jan 9 2006 // In a recently issued study “Insurance Industry Risk Analysis: Italy (Republic of),” Standard & Poor’s Ratings Services said it is maintaining its stable outlook on the Italian insurance industry....
Analysts Predict Faster P/C Premium Growth, Underwriting Profit in 2006
Jan 5 2006 // Record catastrophe losses will weigh heavily on 2005’s underwriting results, pushing what would have been the industry’s largest underwriting profit ever into a loss situation, according to the Insurance...
Japan Internet Mall Operator Considers Entering P/C Market
Jan 4 2006 // Rakuten, one of Japan’s top Internet shopping mall operators, has reportedly announced that it is considering entering the country’s nonlife insurance business to boost its growing financial operations. A...
People
Jan 1 2006 // Crump Insurance Services of Texas Inc. appointed three new members to the Dallas property/casualty brokerage team: Brent Jenkins, Stephanie Murillo and Matt Sheehan. Additionally, Elizabeth Wafer has joined the P/C team at...
