Latest Property Casualty Headlines
All the headlines from our Property Casualty Topic Page, ordered by recency.
EMC Proposes Upping Pool Participation
Jul 20 2004 // Des Moines, Iowa-based insurer EMC Insurance Group Inc. announced a proposed 6.5 percentage point increase in its property/casualty insurance companies’ aggregate participation interest in the EMC Insurance...
Safeco Posts Strong Profits in All Major P/C Segments
Jul 20 2004 // Seattle-based Safeco announced strong second-quarter results, reflecting the company’s solid underwriting and the competitive strength of its automated sales platform. In addition, weather-related catastrophe losses...
Correction: Louisiana Legislature Completes 2004 Regular Session
Jul 19 2004 // An article in the July 5, 2004 edition of Insurance Journal – Texas/South Central contained incorrect information regarding the contents of Louisiana’s recently passed House Bill 1514. The “News...
ISO: INSURERS TO PAY OUT $1.65 BILLION FOR Q2 CAT CLAIMS:
Jul 19 2004 // U.S. property/casualty insurers are expected to pay homeowners and businesses an estimated $1.65 billion for insured property-loss claims from six catastrophes affecting 23 states in the second quarter, according to...
The Treasure State – Yellowstone, Moose and Legalized Gambling
Jul 19 2004 // The United States Census Bureau’s Census 2000 estimated the population of the State of Montana at 902,195. Approximately 87 percent of the adult residents had graduated from high school and about 24 percent had...
The Guaranty Fund System: A Vital Safety Net
Jul 19 2004 // Property/casualty guaranty funds were created by state statutes beginning in the late 1960s to protect the public against financial losses to policyholders and claimants as a result of property and casualty insurance...
Conning Study: Estimates $14 to $24 Billion Gap in P/C Reinsurance Recoverables Expectations Is Growing
Jul 19 2004 // The growing gap in expectations between cedants and reinsurers may develop into a critical concern for the industry, according to a new study by Conning Research and Consulting Inc. Although the expectations gap fits no...
China Wakes Up as the World Watches
Jul 19 2004 // This is the first in a series of articles on the Asia insurance marketplace. Part two in this series will focus on India and will appear in a September issue of Insurance Journal. “Let China Sleep, for when she...
Csiszar Calls for Focus on Regulation at 12th Annual Texas P/C Symposium
Jul 16 2004 // Speaking at the12th Annual Mid-Year Property and Casualty Symposium presented by the Insurance Council of Texas and the Association of Fire and Casualty Companies in Texas (AFACT), Ernst Csiszar, president of the National...
The Midland Company Unveils Q2 Numbers
Jul 15 2004 // The Midland Company, an Ohio-based provider of specialty insurance products and services, reported record results for the second quarter ended June 30, 2004. Net income per share was 58 cents, which included 2 cents in...
Weiss Report: P/C Insurers Earn $32.3 Billion in 2003, Industry Reports $48 Billion Investment Gain
Jul 14 2004 // Property/casualty insurers more than doubled their profits during 2003, earning $32.3 billion compared to the $13.5 billion reported in 2002, according to Weiss Ratings Inc., an independent provider of ratings and analyses...
Fitch Upgrades Affirmative Insurance Co. Ratings
Jul 14 2004 // Fitch has removed from Rating Watch Negative and upgraded the ratings of Illinois-based Affirmative Insurance Company and Insura Property & Casualty Insurance Company to ‘BBB’ from ‘BB’. The...
Harleysville Announces Field Office Changes
Jul 13 2004 // Harleysville Insurance of Harleysville, Pa., recently announced new appointments in three field offices serving independent agents and policyholders in the Mid-Atlantic and Midwest regions. The appointments include:...
Correction: La. Legislature Completes 2004 Regular Session
Jul 9 2004 // A July 6, 2004 posting in Insurance Journal’s South Central section contained incorrect information regarding the contents of Louisiana’s recently passed House Bill 1514. The article, “La. Legislature...
ISO: Insurers to Pay Policyholders $1.65 Billion for Q2 CAT Claims
Jul 8 2004 // U.S. property/casualty insurers are expected to pay homeowners and businesses an estimated $1.65 billion for insured property-loss claims from six catastrophes affecting 23 states in the second quarter, according to...
At NAMIC, The Door’s Wide Open to Companies of All Sizes
Jul 5 2004 // Chairman Tim Hegarty Explains How His Trade Group Serves Big and Small Alike What happens when you put giants like State Farm, AIG, Nationwide and Liberty Mutual in a room with tiny farm mutuals like Husbandsmans Mutual,...
Another Soft Market Creates a Hard Reality
Jul 5 2004 // Like a commercial airline scrambling to squeeze out a profit in the face of increased competition and skyrocketing fuel prices, many insurance agents find themselves caught in the downward spiral of another soft market...
Industry At ‘Point Of Inflection,’ Says Standard & Poor’s
Jul 5 2004 // The insurance industry, now teeter-tottering between a hard and a soft market, “has reached a point of inflection,” said Robert Partridge, Standard & Poor’s managing director, at S&P’s...
The New Insurers: This Time, They’ll Do It The Right Way
Jul 5 2004 // ‘Clean Slate’ U.S. P/C Insurers Learn from Sins of Their Predecessors In the summer of 2001, the hard cycle had already arrived for the U.S. property/casualty marketplace. Prices were trending up as experts...
S&P Publishes P/C Insurer Report Card
Jul 5 2004 // Industry-wide price strengthening was a driving factor in the financial results of U.S. property/casualty insurance companies in 2003, according to an industry report card published by Standard & Poor’s Ratings...
