Latest Property Casualty Headlines

Stewart Title of California Venturing Into P/C Market with SIFS Launch

Sep 29 2005 // Stewart Title of California (STC) is looking to become a player in the property and casualty insurance industry with the launch of Stewart of California Insurance and Financial Services (SIFS). Recently approved by...

William Gallagher Promotes Bixby, Clifford and Martin in P/C Group

Sep 26 2005 // William Gallagher Associates in Boston has promoted three executives within its property and casualty group. Doug Bixby to has been elevated to senior vice president and Janice Clifford and Kristen Martin to assistant vice...

Flatt Named P/C Claims VP at Harleysville Insurance

Sep 22 2005 // Denise T. Flatt has been named vice president of property/casualty claims for Harleysville Insurance. In this position, she is responsible for directing home office technical claims functions, specialty units and...

Harleysville Names McNamee as VP of Business Planning

Sep 21 2005 // Michael P. McNamee has been named vice president of business planning and analysis for Harleysville Insurance. In this position, he is responsible for the development of the company’s annual business plan, financial...

Fitch: Katrina Causes Unprecedented Challenges/Risks for P/C Insurers

Sep 19 2005 // Circumstances surrounding Hurricane Katrina are unprecedented in many ways, said Fitch Ratings. So much so that the rating agency may need to reassess the core risk profile of the property/casualty insurance...

Midwest FEATURE: Market Spotlight on Illinois and Ohio

Sep 19 2005 // Although the insurance industry — and the rest of us — are waiting for the other shoe to drop in the wake of Hurricane Katrina’s estimated $20 billion to $35 billion in insured losses, business in the...

Midwest FEATURE: Market Spotlight on Illinois and Ohio

Sep 19 2005 // Although the insurance industry – and the rest of us – are waiting for the other shoe to drop in the wake of Hurricane Katrina’s estimated $20 billion to $35 billion in insured losses, business in the...

Midwest FEATURE: Market Spotlight on Illinois and Ohio

Sep 19 2005 // Although the insurance industry – and the rest of us – are waiting for the other shoe to drop in the wake of Hurricane Katrina’s estimated $20 billion to $35 billion in insured losses, business in the...

Sep 19 2005 // Saylor & Hill has announced that three senior associates of the firm have been promoted to principal. Tim Sweeney, Kevin Mirsky and Chris Williams, each of whom has worked for the firm for more than a decade, will...

S&P Sees Continued Profitability for NZ P/C Carriers

Sep 14 2005 // Profitability among New Zealand’s nonlife (P/C) insurers is expected to remain sound for the remainder of 2005 and into 2006, according to Standard & Poor’s latest report card on the sector. “These...

Fitch Moves 5 Insurers to Rating Watch Negative Following Katrina

Sep 13 2005 // Fitch Ratings has placed the ratings of five North American property/casualty insurance and reinsurance organizations on Rating Watch Negative Tuesday based on potential large loss exposures to Hurricane Katrina. The...

S&P Analyzes Earthquake Threat for Japan’s Property/Casualty Companies

Sep 12 2005 // “The one-two punch of insurance payouts and share price losses following a major earthquake in Tokyo would not immediately jeopardize insurance companies’ ability to pay claims, but could have a negative impact...

Beecher Carlson Acquires Lane & Assoc. in Atlanta

Sep 9 2005 // Beecher Carlson has announced it has acquired Lane & Assoc. Inc. a commercial property and casualty insurance agency in Atlanta. According to Tom Golub, Beecher Carlson president and CEO, the acquisition complements...

S&P Issues Report on European Insurers U.S. Operations

Sep 8 2005 // Standard & Poor’s Ratings Services has issued a new report on how European insurers are doing in the U.S. market. The article entitled “Some European Insurers Maintain U.S. Property/Casualty Operations...

Australian P/C Insurers Credit Quality Remains Strong Says S&P

Sep 6 2005 // Standard & Poor’s Ratings Services has issued a statement indicating that “credit quality among the nonlife insurance players in Australia should remain strong over the next couple of years, supported by...

EMC Predicts Katrina Share Losses

Sep 6 2005 // EMC Insurance Group Inc., Des Moines, Iowa, expects losses associated with Hurricane Katrina to range from $0.28 to $0.32 per share. Losses in the property and casualty insurance segment are expected to range from $3.4...

Insurers Post Special Toll-Free Numbers to Help Katrina Victims

Sep 5 2005 // At press time, forecasters were predicting insured losses from Hurricane Katrina–which made landfall 45 miles west of Biloxi, Miss., and 35 miles east of New Orleans on Aug. 29–would be in the $10 billion to...

People

Sep 5 2005 // AVRECO, a wholesale insurance brokerage based in Chicago, has announced the appointment of Marcia Gloppe as an underwriter in the professional liability underwriting department, headed by Linda Deiss. Gloppe began her...

People

Sep 5 2005 // Ronald L. Alexander has been named president and managing partner of Willis Group Holdings Ltd.’s Tennessee operations in Knoxville, Tenn. Alexander was formerly executive vice president and chief operating officer...

Insurers Post Special Toll-Free Numbers to Help Katrina Victims

Sep 5 2005 // At press time, forecasters were predicting insured losses from Hurricane Katrina-which made landfall 45 miles west of Biloxi, Miss., and 35 miles east of New Orleans on Aug. 29-would be in the $10 billion to $30 billion...