Latest Property Casualty Headlines
All the headlines from our Property Casualty Topic Page, ordered by recency.
Conning Study Finds P/C Expense Revolution Overdue
Jun 25 2004 // mparedConning Research & Consulting, Inc. has released a study which concludes that P/C insurers’ cost of doing business “has stagnated over the past 20 years, contrasting the remarkable efficiency gains...
The Hartford Names Drago to Head P/C Field Operations
Jun 25 2004 // The Hartford Financial Services Group, Inc.announced that Dana A. Drago has been appointed executive vice president of field, sales and service for its property-casualty operations, effective July 15. Drago joins The...
Aon’s Scarborough Partners with CNA to Offer P/C Coverage to Financial Institutions
Jun 23 2004 // scarborough, a subsidiary of Aon Corp., announced that it has established a “new business relationship with CNA, one of the nation’s leading business insurers, to offer property and casualty insurance to...
Best: Q1 P/C Results Build on 2003 Profit Surge
Jun 23 2004 // The property/casualty industry continued to build on the operating momentum achieved during 2003, as the industry reported an underwriting gain during the first quarter of 2004. Further, very strong operating results and...
Aon Study Finds 2003 P/C Earnings Volatility Lower
Jun 21 2004 // Aon Corporation announced that the results of its 2003 P/C Earnings Volatility Study showed that insurers and reinsurers were more effective at minimizing earnings volatility in 2003. “The study measures earnings...
Fitch Affirms Infinity P/C’s Ratings
Jun 18 2004 // Fitch Ratings announced that it has affirmed its ‘BBB long-term issuer rating and the rating assigned to its senior note issue of Infinity Property & Casualty Corporation. Fitch also assigned an “A”...
S&P Publishes P/C Insurer Report Card
Jun 17 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...
FirstComp Names Thomas CFO
Jun 16 2004 // Omaha, Neb.-based small business workers’ compensation carrier FirstComp named David E. Thomas as its new treasurer and chief financial officer. He had served as an executive consultant since the fall of 2003. Before...
S&P Reports on P/C Commercial Lines Insurers; Raises Outlook to Stable
Jun 11 2004 // Standard & Poor’s Ratings Services announced that it has revised its outlook on the U.S. commercial-lines insurance industry to stable from negative “based on the delicate balance now in play between the...
Mass. Lawmakers Approve Commercial Deregulation
Jun 11 2004 // The Massachusetts House and Senate have both approved legislation to deregulate insurance rates and forms for certain large commercial risks. The measure permits commercial accounts with more than $30,000 in premium that...
S&P Affirms Allianz Canada ‘BBB’ Ratings; Raises Outlook to Stable
Jun 10 2004 // Standard & Poor’s Ratings Services announced that it has revised its outlook on Allianz Insurance Co. of Canada and Trafalgar Insurance Co. of Canada (collectively referred to as Allianz Canada) to stable from...
The Hartford Tops Field for ACORD P/C Awards
Jun 10 2004 // The Hartford Financial Services Group, Inc. was recently recognized for its leadership in standards-based communications with six awards presented by ACORD (Association for Cooperative Operations Research and Development)...
Westfield Names Carrino Corporate Counsel
Jun 10 2004 // Ohio-based property/casualty insurer the Westfield Group has named Frank A. Carrino corporate counsel and secretary. He will assume responsibility for all corporate legal matters as head of the corporate legal department....
Striving for Balance in Louisiana as Reform Efforts Continue
Jun 9 2004 // Insurance and tort reform measures passed by the Louisiana Legislature in 2003, along with efforts by the insurance department and two major insurance agents’ associations to get the word out about the state’s...
ISO’s Coyne: Survival May Be Greatest Challenge for Many P/C Insurers
Jun 8 2004 // With all signs pointing to increasing competition in U.S. property/casualty markets, the most important challenge many insurers face may be survival itself, an industry leader said Tuesday. In remarks at the 76th Annual...
Castek Announces Agreement with Global InfoTech
Jun 8 2004 // Castek Announces Agreement with Global InfoTech to provide resale and implementation services for the Insure3 suite of products in The People’s Republic of China. Castek Inc. is pleased to announce a business...
The Silver State – Sagebrush, Hoover Dam and Vegas
Jun 7 2004 // The United States Census Bureau’s Census 2000 estimated the population of the State of Nevada at 1,998,257. Approximately 81 percent of the adult residents had graduated from high school and about 18 percent had...
Stewart Title to manage P&C operation with Nexsure from XDimensional Technologies
May 26 2004 // With more than 7,400 issuing locations nationwide, you’d think a product line extension would be a simple process. But that wasn’t the case when Stewart Information Services Corporation decided to add Property...
Best Expands E-Fusion Award to Six Categories
May 26 2004 // A.M. Best Co. announced that the 2004 E-Fusion Insurance & Technology Awards have been expanded to six categories. “Interest in our awards program has snowballed, so we need to better reflect the widespread...
Best’s 34-Year P/C Insolvency Study Finds Industry Remarkably Resilient
May 24 2004 // A.M. Best Co. has just released a new study of the U.S. property/casualty industry in the past decade, which concludes that it has “shown resiliency and improved risk management amid extraordinary events.” The...
