Latest Property Casualty Headlines
All the headlines from our Property Casualty Topic Page, ordered by recency.
FOCUS ON MINORITY STUDENTS:
Jul 5 2004 // The Independent Insurance Agents of Texas reported it is building an IIAT internship program to encourage minority college students in Texas to learn about careers in the insurance industry. The program will be part of a...
P/C INSURERS NEED EFFICIENCY:
Jul 5 2004 // Conning Research & Consulting Inc. released a study concluding that P/C insurers’ cost of doing business “has stagnated over the past 20 years, contrasting the remarkable efficiency gains achieved by many...
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...
Idaho: More than Snowcapped Peaks, Plateaus and Potatoes
Jul 5 2004 // The United States Census Bureau’s Census 2000 estimated the population of the State of Idaho at 1,293,953. Approximately 85 percent of the adult residents had graduated from high school and about 22 percent had...
This Time, We’ll Do It The Right Way
Jul 5 2004 // New 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 for all lines of coverage. Prices were trending up as experts...
Higginbotham & Associates Opens Austin Office
Jul 2 2004 // Fort Worth, Texas-based insurance and financial services brokerage firm Higginbotham & Associates announced it has launched services for Central and South Texas with the opening of a new Austin office. Newly hired...
Best’s P/C Center Adds Access to Financial Statements
Jul 2 2004 // A.M. Best has introduced its new Property/Casualty Center – Premium Data & Reports, an online product that provides access to select pages of companies’ annual statement data and more by bringing together...
P/C Industry’s Q1 Net Income Doubles
Jun 29 2004 // The U.S. property/casualty industry’s net income after taxes rose to $13.3 billion in first-quarter 2004 from $6.5 billion in first-quarter 2003 as insurers posted an underwriting profit for only the second time...
IIAT and Other Industry Groups Establish Internship, Scholarship Programs for Minority Students
Jun 28 2004 // The Independent Insurance Agents of Texas reported that it is building an IIAT internship program to encourage minority college students in Texas to learn about careers in the insurance industry. The program will be part...
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...
