Latest Property Casualty Headlines
All the headlines from our Property Casualty Topic Page, ordered by recency.
S&P Issues Report on French Mutual Sector
May 6 2004 // A newly issued report from Standard & Poor’s concludes that “France’s mutual insurance sector remains healthy, but its long-term prosperity is being threatened by external competition and exposure...
Max Re Posts $43 Million Q1 Net
May 6 2004 // Max Re Capital Ltd. joined its compatriots in Bermuda in reporting very good first quarter profits. The company announced that net income for the three months ended March 31, 2004, was 43 million, or net income of $0.87...
NAMIC: Fla. Legislature Adjourns, Session Productive for Property/Casualty Legislation
May 4 2004 // Florida’s just-ended legislative session “proved to be very productive,” an official with the National Association of Mutual Insurance Companies (NAMIC) said. Florida lawmakers enacted several key...
P/C Income, Surplus Rise Sharply in 2003
May 3 2004 // The property/casualty insurance industry’s net income after taxes rose to $29.9 billion in 2003—nearly 10 times the industry’s $3 billion in net income in 2002. Benefiting from both the $29.9 billion in net...
Best Offers Its Suite of Reinsurance Information for P/C and Life/Health Insurers on CD-ROM and Online
May 3 2004 // A.M. Best Co. announced the availability of “Best’s Statement File Supplement for Schedule F and Schedule S” on a single CD-ROM that contains both databases. “These databases include reinsurance...
WSS’ New In-House P/C Facility Offers Garage Liability
May 3 2004 // Kyle Stevens, vice president, branch manager of the Dallas branch office of Western Security Surplus Insurance Brokers (WSS) announced that with the addition of its new property & casualty market, they now have...
TDI to Hold Compliance Workshop
May 3 2004 // The Texas Department of Insurance (TDI) has scheduled a compliance workshop to assist property and casualty insurers and agents in understanding and meeting Texas´ regulatory requirements. The workshop will be held June...
Kentucky Market Gallops Along Under Acting Executive Director
May 3 2004 // With agents witnessing increasing competition in Kentucky’s property/casualty market, Kentucky Office of Insurance Acting Executive Director Glenn Jennings recently talked with Insurance Journal Southeast. Jennings...
North Carolina: From the Wright Brothers to Krispy Kremes
May 3 2004 // The United States Census Bureau’s Census 2000 estimated the population of the State of North Carolina at 8,049,313. Approximately 78 percent of the adult residents had graduated from high school and about 23 percent...
Converium Reports Record $65.7 Million Q1 Net
Apr 30 2004 // Swiss-based Converium reported its “best quarter operating income so far,” with $77.2 million, up 192.4 percent, and net earnings of $65.7 million, up 157.6 percent. Other highlights cited by the world’s...
Allmerica Reports Improved P&C Earnings for Q1
Apr 28 2004 // Allmerica Financial Corporation (NYSE: AFC) in Worcester, Mass. reported net income for the first quarter of $12.1 million, or $0.23 per share, compared to net income of $37.1 million, or $0.70 per share in the first...
Infinity P/C Unveils Q1 Report
Apr 27 2004 // Alabama-based Infinity Property and Casualty Corporation, a national provider of personal automobile insurance with an emphasis on nonstandard auto insurance, reported net earnings for the first quarter of $16.9 million or...
Ace Ltd. Releases Q1 Numbers
Apr 27 2004 // Bermuda-based ACE Limited (NYSE:ACE) reported net income for the first quarter ended March 31, 2004 of $447 million or $1.53 per share, compared with net income of $247 million or $0.90 per share for the prior year. Income...
Houston Casualty Co. Affirmed, Outlook Stable
Apr 23 2004 // Standard & Poor’s Ratings Services announced the affirmation of its “AA” counterparty credit and financial strength ratings on Houston Casualty Co., Avemco Insurance Co. (Avemco), U.S. Specialty...
Title First Jumps Into P/C Business
Apr 22 2004 // Columbus, Ohio-based Title First Agency Inc., a leading title insurance agency and real estate information company with offices throughout Ohio, Indiana, Kentucky, Michigan and West Virginia, announced the launch of...
Conning: Bigger Dollars, Fewer Insurance Industry M&As
Apr 21 2004 // Mergers and acquisitions in 2003 and 2004 in the insurance industry reached the highest level since 1998 in dollar terms, even while the total number of transactions continued its long decline since the same year,...
CIAB Survey Shows Q1 Commercial P/C Easing
Apr 20 2004 // The Council of Insurance Agents & Brokers has issued a report indicating that the commercial property and casualty market “continued to ease across most lines during the first quarter of 2004, with the average...
Minnesota: An Inside Look at the Land of Lakes
Apr 19 2004 // The U.S. Census Bureau’s 2000 census estimated the Minnesota population at 4.9 million. About 88 percent of the adult residents had graduated from high school and about 27 percent had earned a bachelor’s degree...
Bringing Steady Leadership to Mississippi for Several Decades
Apr 19 2004 // With continued service to the state of Mississippi since the mid-70’s, Insurance Commissioner George Dale has been a steadying influence for the industry in the Magnolia State. When Dale was elected commissioner in...
South Carolina Proves More than Palmetto Trees, Peaches, and Golf
Apr 19 2004 // The United States Census Bureau’s Census 2000 estimated the population of the State of South Carolina at 4,012,012. Approximately 76 percent of the adult residents had graduated from high school and about 20 percent...
