Latest Property Casualty Headlines
All the headlines from our Property Casualty Topic Page, ordered by recency.
P/C Industry’s Net Income Surges, But Slowing Premium Growth May Hamper Further Progress, Report Says
Dec 23 2003 // According to a report released by the Insurance Services Office Inc. (ISO) and the National Association of Independent Insurers, the U.S. property/casualty industry’s net income after taxes increased to $21.1 billion...
Best Assigns Debt, Financial Strength Ratings to Horace Mann
Dec 22 2003 // A.M. Best Co. announced that it has assigned indicative ratings of “bbb-” to unsecured senior debt, “bb+” to subordinated debt and “bb” to preferred stock to Horace Mann Educators...
AFG Sells Last Shares of Infinity P&C, Nets $35 Million
Dec 18 2003 // Cincinnati, Ohio-based insurer American Financial Group announced today the closing of the sale of its remaining shares in Infinity Property and Casualty Corp. Net proceeds from the sale were $227 million. AFG expects to...
Conning Study Says P/C Insurers’ Loss Reserves Hit Turning Point as Deficiencies Decrease
Dec 17 2003 // Three years of rising property/casualty rates have finally had a favorable impact on loss reserves, substantially reducing estimated deficiency, according to the latest annual study on the subject by Conning Research...
Infinity Property and Casualty Reports Pricing of Secondary Offering
Dec 15 2003 // Alabama-based Infinity Property and Casualty Corporation, a national provider of personal automobile insurance with an emphasis on non-standard auto insurance, announced that the secondary offering of 7,850,465 shares of...
A.M. Best: P/C Industry Notes Strong Q3 Results, But Reserve Development, Rate Deceleration Emerge
Dec 15 2003 // The property/casualty industry reported strong premium growth and vastly improved underwriting results during the first nine months of 2003, compared with the same period of 2002, according to A.M. Best Co. Driving these...
Conference Sure of Firm Market, Uncertain About Future of Regulation
Dec 15 2003 // Except for the future of insurance regulation, there was surprising unanimity on leading issues facing the property and casualty insurance industry among both panelists and guests at the Fifteenth Annual Executive...
Canada’s P/C Insurers Report Weaker Q3 Results from Auto Losses
Dec 15 2003 // According to a bulletin from the Insurance Bureau of Canada, the country’s P/C insurers posted generally weaker financial results in the third quarter of 2003, due largely to a downward trend in the auto insurance...
Conference Sure of Firm Market, Uncertain About Future of Regulation
Dec 15 2003 // Except for the future of insurance regulation, there was surprising unanimity on leading issues facing the property and casualty insurance industry among both panelists and guests at the Fifteenth Annual Executive...
CSC’s P/C BPO Operation Surpasses $1 Billion Premium Milestone
Dec 12 2003 // California-based Computer Sciences Corporation announced that its property and casualty (P/C) insurance business process outsourcing (BPO) operation in the Americas has passed a major milestone and is now processing more...
Swiss Re Forum Sees Opportunities for the Strongest Companies
Dec 11 2003 // Andreas Beerli, Head of Swiss Re’s P/C business in the Americas, speaking at the company’s Year-end Economic and Insurance Industry Review 2003/Outlook 2004 forum in New York yesterday, indicated that continued...
More Consolidation in 2004: Tillinghast
Dec 11 2003 // The insurance industry is at a critical juncture, with issues surrounding consolidation, pricing, legislative reforms and capital concerns shaping the market for 2004, according to year-end industry predictions from...
S&P Lowers Allianz Canada Ratings to ‘BBB+’
Dec 10 2003 // Standard & Poor’s Ratings Services announced that it has lowered its counterparty credit and financial strength ratings on Allianz Insurance Co of Canada and Trafalgar Insurance Co. of Canada (collectively...
Analysts Weigh Travelers Deal, Other Issues
Dec 1 2003 // It’s “inevitable” that the advanced merger discussions between Travelers Property Casualty Corp. and St. Paul Companies succeed, according to one industry analyst. Though most insurance industry...
Profitable or Not’ U.S. P/C Industry Struggles to Get Ahead
Dec 1 2003 // While U.S. property and casualty insurance carriers have worked hard in the past couple of years to follow the “return to underwriting” command, looking critically at the risks they’re insuring and...
Analysts Weigh Travelers Deal, Other Issues
Dec 1 2003 // It’s “inevitable” that the advanced merger discussions between Travelers Property Casualty Corp. and St. Paul Companies succeed, according to one industry analyst. Though most insurance industry...
S&P Comment on Japanese P/C 1st Half Results – Profitability Still in Question
Nov 26 2003 // Standard & Poor’s Ratings Services has issued a comment on the Japanese P/C sector, indicating that “a recovery in bottom-line profits recorded by all 10 major Japanese non-life insurers for the first half...
Infinity Property & Casualty Corp. to Relocate Corporate Headquarters
Nov 24 2003 // Colonial Properties Trust announced that Alabama-based Infinity Property and Casualty Corporation will relocate its corporate headquarters to Colonial Center at Colonnade on or prior to April 1, 2005. Infinity Insurance...
U.S. Marine Insurers Predict Continued Profitability
Nov 24 2003 // U.S. ocean marine insurers expect 2003 full-year results will show continued profit as underwriters maintain their pricing discipline, according to David French, chairman, American Institute of Marine Underwriters...
Independent Survey Reveals Good News for NGM
Nov 24 2003 // According to a recent nationwide survey conducted by Deep Customer Connections, Inc. (DCC), a Massachusetts-based management consulting firm serving the property and casualty (P/C) industry, National Grange Mutual (NGM),...
