Latest Property Casualty Headlines
All the headlines from our Property Casualty Topic Page, ordered by recency.
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...
Insurers Urge Senate Panel to Extend TRIA
May 18 2004 // Congress should act this year to extend the Terrorism Risk Insurance Act (TRIA) for two years beyond its Dec. 31, 2005, expiration date because the private market alone cannot deal with further catastrophic terrorist...
PCI White Paper: Insurer Profitability Must Be Viewed Over Long Term
May 17 2004 // A white paper published by the Property Casualty Insurers Association of America (PCI) shows that insurance industry profitability must be evaluated over the long term and that loss costs, not investment return, are the...
TDI TO HOLD COMPLIANCE CLASSES:
May 17 2004 // The Texas Department of Insurance (TDI) has scheduled free compliance workshops to assist property/casualty and life/health insurers and agents in understanding and meeting Texas´ regulatory requirements. The workshops...
When Comparing Apples-To-Apples Whom Should You Trust’
May 17 2004 // Hard markets have a way of making insurance company financial strength ratings a hot topic of discussion, and not just among insurance agents and brokers. Professional risk managers and other insurance buyers, consumer...
Alabama – More than the Heart of Dixie
May 17 2004 // The United States Census Bureau’s Census 2000 estimated the population of the State of Alabama at 4,447,100. Approximately 75 percent of the adult residents had graduated from high school and about 19 percent had...
Taking the Risk: Protecting Your Clients with Political Risk Insurance
May 17 2004 // Over the past three decades, 80 percent of the terrorist attacks against the United States have been directed against American businesses in foreign locations. In 2001, about 400 American businesses were attacked. Compared...
Best Announces Ratings Actions on Aon Subsidiaries
May 12 2004 // A.M. Best Co. has taken a number of rating actions concerning several subsidiaries of Aon Corp. It affirmed the financial strength ratings of “A” (Excellent) of Aon’s life/health operations–Combined...
Aon’s P/C Operations Downgraded
May 12 2004 // Insurer ratings agency A.M. Best Co. has affirmed the financial strength ratings of “A” (Excellent) of Chicago-based Aon Corp.’s life/health operations—Combined Insurance Company of America (CICA) and...
S&P Reports on U.S. P/C Industry Financial Condition
May 11 2004 // Standard & Poor’s Credit Market Services has issued a report on the U.S. P/C industry, which notes that the rating agency is maintaining its negative rating outlook on this sector of the commercial insurance...
Correction: 100 Largest P/C Independent Agencies
May 11 2004 // Insurance Journal recently published a list of the top 100 largest property/casualty independent agencies and brokers in its May 3, 2004 issue. The list was compiled based on information that agencies voluntarily submitted...
Farmers Ranked Top P/C Insurer in Arizona
May 11 2004 // In one of the largest business opinion polls ever taken in Arizona, “Ranking Arizona” named Farmers Insurance Group the best Property and Casualty Insurance Company for the third year in a row. This is the...
