Latest Property Casualty Headlines
All the headlines from our Property Casualty Topic Page, ordered by recency.
Buckeye State Bucks National Trend on Medical Malpractice
Apr 5 2004 // The U.S. Census Bureau’s 2000 census estimated Iowa’s population at nearly 3 million. About 86 percent of the adult residents had graduated from high school and about 21 percent had earned a bachelor’s...
SAFECO SIGNS DEFINITIVE AGREEMENT TO SELL LIFE & INVESTMENTS OPERATIONS:
Apr 5 2004 // Seattle-based Safeco Corporation announced it has entered into a definitive agreement to sell its life and investments operations to a group of investors led by White Mountains Insurance Group Ltd., and Berkshire Hathaway...
The Silver State – Sagebrush, Hoover Dam and Vegas
Apr 5 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...
Moody’s Lowers Travelers P/C Debt Ratings
Apr 1 2004 // Moody’s Investors Service announced that is has lowered the debt ratings of Travelers Property Casualty Corp., and those of its subsidiary Travelers Insurance Group Holdings Inc., by one notch. Senior debt was...
Georgia Casualty & Surety Deploys Insurity’s P/C System
Apr 1 2004 // Insurity Inc., a ChoicePoint company, announced that Georgia Casualty & Surety, a wholly-owned subsidiary of Atlantic American, has selected Insurity’s Commercial Intellisys’ property/casualty policy...
Alabama P/C Market Gaining Momentum
Mar 30 2004 // Walter Bell With signs of improvement on the horizon for the property/casualty market in Alabama, Insurance Commissioner Walter Bell recently set aside time to talk with Insurance Journal Southeast about conditions in the...
Hannover Re 2003 Net up 32.8% to $431 Million
Mar 30 2004 // Germany’s Hannover Re Group joined Swiss Re and General Re in reporting a very successful 2003. The world’s fourth largest reinsurer posted net income of 354.8 million euros ($43I million) compared to 267.2...
Swiss Re Reports $1.33 Billion 2003 Net Income
Mar 26 2004 // Swiss Re joined the parade of European insurers announcing happy results for 2003. Net income increased to CHF 1.7 billion ($1.33 billion), while net premiums jumped to CHF 30.7 billion ($24 billion). It’s the first...
Crawford & Co. to Act as Service Provider for Cypress Property & Casaulty
Mar 25 2004 // Atlanta-based Crawford & Company was recently named the primary vendor for property and casualty claims services for Cypress Property & Casualty Insurance Company. Crawford will administer the program using a...
Pennsylvania: Home to Gene Kelly, Liberty Bell and Hershey Chocolate
Mar 22 2004 // The states boasts a good homeowners loss ratio and a diversified economy The United States Census Bureau’s Census 2000 estimated the population of the Pennsylvania at 12,281,054. Approximately 82 percent of the adult...
P/C INSURERS’ PROFITS DOUBLE FIRST THREE QUARTERS OF 2003:
Mar 22 2004 // Property and casualty insurers earned $22.9 billion during the first nine months of 2003, representing a $12.1 billion, or 112 percent, increase over the $10.8 billion profit reported during the same period in 2002,...
The Beaver State – No Self-Serve Gas, One-Way Streets, and Ghost Towns
Mar 22 2004 // The United States Census Bureau’s Census 2000 estimated the population of the State of Oregon at 3,421,399. Approximately 85 percent of the adult residents had graduated from high school and about 25 percent had...
All Wrapped Up in Workers’ Comp
Mar 22 2004 // No surprise, but with the first quarter of 2004 drawing to a close, workers’ compensation remains, as it has been for many years, one of the most troubled lines of insurance in the United States. On a calendar year...
AEGIS Selects Insurity’s P/C System
Mar 18 2004 // Hartford-based Insurity Inc., a ChoicePoint® company specializing in policy and claims management products and services, announced that AEGIS Insurance Services, Inc., a leading insurer of utilities and related energy...
S&P Affirms SAFECO Corp. and P/C Subsidiaries Ratings
Mar 18 2004 // Standard & Poor’s has affirmed its ‘BBB+’ long-term counterparty credit rating on Seattle-based SAFECO Corp. and its ‘A+’ counterparty credit and financial strength ratings on the members...
A.M. Best Comments on Safeco’s Announcement to Sell Life Operations
Mar 16 2004 // A.M. Best Co. has commented that the group financial strength rating of A (Excellent) of Redmond, Wash.-based Safeco Life Insurance Company and its life/health subsidiaries (collectively referred to as Safeco Life) remains...
Safeco Signs Definitive Agreement to Sell Life & Investments Operations
Mar 15 2004 // Seattle-based Safeco Corporation announced it has entered into a definitive agreement to sell its life and investments operations to a group of investors led by White Mountains Insurance Group, Ltd., and Berkshire Hathaway...
COUNTRY Insurance & Financial Services Awaits Reg. Approval of Cotton States Insurance Transactions
Mar 12 2004 // In an update to definitive agreements announced with Atlanta-based Cotton States Insurance Group in December 2003, COUNTRY Insurance & Financial Services has filed the required Form A with the Georgia Insurance...
Florida Agents, Residents on the Rise
Mar 12 2004 // With both agents and residents flocking to Florida, the Sunshine State is on the move. Florida Chief Financial Officer Tom Gallagher, who oversees insurance matters in the state, recently set aside time to talk with...
P/C Insurers’ Profits Double First Three Quarters of 2003; Industry’s Underwriting Loss Sees Improvement
Mar 9 2004 // Property and casualty insurers earned $22.9 billion during the first nine months of 2003, representing a $12.1 billion, or 112 percent, increase over the $10.8 billion profit reported during the same period in 2002,...
