Latest Property Casualty Headlines
All the headlines from our Property Casualty Topic Page, ordered by recency.
People
Jul 4 2005 // Columbus, Ohio-based Grange Insurance has promoted Alan D. Brannan to the new post of president of property/casualty for the Grange Mutual Casualty Group. In his new role, Brannan will oversee all property/casualty...
Insurers Holding the Price Line–For Now
Jul 4 2005 // The insurance industry is entering a soft market, but unlike earlier soft markets, carriers have not cut prices to gain market share. Numerous life, property/casualty and reinsurance executives say that underwriting...
Treasury Report on Terrorism Insurance: Exec Summary
Jun 30 2005 // The following is the Introduction and the Executive Summary of the June 30, 2005 report from the Treasury Department on the Terrorism Risk Insurance Act of 2002 including its assessment of the act and recommendations for...
China’s PICC Uses AIR Model for Earthquake Risk Analysis
Jun 28 2005 // AIR Worldwide Corporation has announced that China’s PICC Property and Casualty Company Limited has completed the first earthquake risk analysis using AIR’s China earthquake model. Guy Carpenter coordinated the...
Ark. to Hold Hearing on P/C Insurer Claims Reports
Jun 28 2005 // The Arkansas Insurance Department announced it will hold a public hearing July 27 to determine whether Insurance Commissioner Julie Benafield Bowman should revise and re-adopt Rule and Regulation 61, “Insurer Reports...
American Express P/C to Use BrightClaim Processing System
Jun 28 2005 // American Express Property Casualty Companies have selected BrightClaim Inc. to improve the timeliness, quality and efficiency of claim services provided to their policyholders. AMEX will use ClaimsCore, BrightClaim’s...
Best Downgrades Some AXA Canada P/C Subsidiaries
Jun 27 2005 // A.M. Best Co. announced that it has downgraded the financial strength ratings of several of AXA Canada Inc.’s wholly owned property and casualty insurance subsidiaries. The rating action affects the following...
Best Affirms ING Canada Ratings, Including Acquired Allianz Operations
Jun 22 2005 // A.M. Best Co. announced that it has affirmed the financial strength ratings of “A+” (Superior) and has assigned issuer credit ratings (ICR) of “aa-” to the ING Canada Group. Best also said it had...
Conning: ‘Right States’ Approach Works for P/C Insurers
Jun 21 2005 // Statistics offer justification of the “Right States” approach utilized by property casualty insurers – to a point, according to a new study by Conning Research and Consulting Inc. “Our analysis of...
People
Jun 20 2005 // Jennifer Fahrenkrug has been promoted to territory manager at Sheboygan, Wis.-based regional property/casualty insurer ACUITY and will handle the company’s Michigan and Northern Ohio territories. Meanwhile, Kelly...
FAIA President Says: In Our Future Some Things Will Never Change
Jun 20 2005 // Created more than a century ago in 1904 as the Florida Local Underwriters Association, the Florida Association of Insurance Agents adopted its present name in 1941. FAIA is dedicated to enhancing the independent agency...
Grange Tabs Brannan as 1st President of Property/Casualty Operations
Jun 17 2005 // Columbus, Ohio-based Grange Insurance has promoted Alan D. Brannan to the new post of president of property/casualty for the Grange Mutual Casualty Group. In his new role, Brannan will oversee all property/casualty...
Excess Capital: Too Much of a Good Thing?
Jun 6 2005 // As capital accumulates on insurers’ balance sheets, carriers are figuring out what to do with it if anything at all. The industry is flush with cash after a long hard market and lower corporate bond defaults....
HAWAII LEGISLATURE TO STUDY NCOIL P/C MODERNIZATION ACT:
Jun 6 2005 // “Hawaii’s legislative decision to conduct a study of the NCOIL Property/Casualty Insurance Modernization Act suggests that the state legislature is committed to making strides toward rate modernization, which...
News Briefs
Jun 6 2005 // ARKANSAS Pre-License CE Requirements Modified The Arkansas Insurance Department announced that a portion of the Arkansas Insurance Code ad-dressing education hours for applicants for Arkansas insurance agent, broker or...
Excess Capital: Too Much of a Good Thing?
Jun 6 2005 // As capital accumulates on insurers’ balance sheets, carriers are figuring out what to do with it if anything at all. The industry is flush with cash after a long hard market and lower corporate bond defaults....
News Briefs
Jun 6 2005 // AIA OPPOSES CALIF. BILL TO LIMIT HOME INVENTORIES: A bill approved by the California Senate May 25 that prevents insurers from requiring claimants to itemize personal property lost in a disaster is well intended, but will...
News Briefs
Jun 6 2005 // AIA OPPOSES CALIF. BILL TO LIMIT HOME INVENTORIES: A bill approved by the California Senate May 25 that prevents insurers from requiring claimants to itemize personal property lost in a disaster is well intended, but will...
Excess Capital: Too Much of a Good Thing?
Jun 6 2005 // As capital accumulates on insurers’ balance sheets, carriers are figuring out what to do with it if anything at all. The industry is flush with cash after a long hard market and lower corporate bond defaults....
TDI Reports April Enforcement Actions
May 27 2005 // The Texas Department of Insurance announced enforcement actions taken by Commissioner Jose Montemayor that became final during the month of April. The actions include eleven license revocations, a license denials and fines...
