Latest Property Casualty Headlines
All the headlines from our Property Casualty Topic Page, ordered by recency.
For Safeco: Opportunity is Where You Create It
Jun 10 2002 // Like most insurance companies, the soft market took its toll on Safeco. While the property and casualty side of the business continued to suffer losses that resembled the gross national product of some Latin American...
S&P Rates Travelers P/C Pool
Jun 10 2002 // S&P has affirmed its single-‘A’-minus counterparty credit and senior debt ratings on Travelers Property/Casualty Corp. (Travelers) and its double-‘A’-minus counterparty credit and financial...
AscendantOne Releases RiskFocus
Jun 5 2002 // AscendantOne, Inc. has made available RiskFocus, a unified, comprehensive underwriting/rules engine for automated underwriting and real time risk decision support across all personal and commercial lines of property &...
Hartford Financial Services Group Ratings Affirmed
Jun 4 2002 // Fitch Ratings has affirmed the fixed income ratings of the Hartford Financial Services Group, Inc. (HFSG), including the ‘A+’ senior debt rating, and the ‘AA’ insurer financial strength ratings of...
SAFECO, Answer Financial to Partner
May 30 2002 // Seattle-based SAFECO will provide automobile, home and other property and casualty policies through the Internet and call center platforms of Answer Financial Inc. and its subsidiary, Insurance Answer Center Inc. SAFECO...
ACE to Buy 22% Stake in Chinese P/C Insurer for $150 Million
May 29 2002 // Bermuda’s ACE Ltd. announced that it has entered into a strategic business partnership with Huatai Insurance Company, China’s fourth largest property/casualty insurer, and “will acquire 22% of...
Financial Keyosk Can Now Sell P/C Coverage
May 29 2002 // Financial Keyosk of Carpentersville, Ill., a provider of personal and commercial financial services products, is now licensed to sell property and casualty insurance in 47 states in the continental U.S. The firm also is...
U.S. P/C Rates Still Increasing
May 27 2002 // Although the events of Sept. 11 accelerated the increase in U.S. commercial real estate insurance premiums, property and casualty insurance costs had already begun rising in 2000, independent of terrorism-coverage costs,...
A New Partner
May 27 2002 // Those rope-burned hands on this week’s cover graphically depict the dire straits of the workers’ compensation market in California. Safe to say, it’s now in full-blown crisis, as overused and overblown as...
S&P Maintains Negative Outlook on Japan’s P/C Insurers
May 23 2002 // Standard & Poor’s announced that its outlook on Japan’s non-life insurance industry remains negative following the release this week of insurers’ financial results for fiscal 2001. “Earnings...
CSC Unveils iSolutions Tools and S3+ Billing at ACORD
May 22 2002 // Computer Sciences Corporation introduced new versions of two property and casualty insurance software applications, iSolutions Tools and S3+ Billing at ACORD’s 2002 Conference. Both applications meet CSC’s...
Where is P/C Industry Headed’
May 22 2002 // Orlando – “We cannot afford to pay another loss like 9/11.” Just one of the thoughts of Frank Coyne, president and CEO of Insurance Services Office (ISO), during a general sessions panel on the final day...
S&P Review Finds U.K. P/C Market Stable
May 21 2002 // Standard & Poor’s has affirmed its stable outlook for the U.K.’s domestic non-life insurance industry, following a review of the financial strength characteristics, indicating that “the majority of...
Standard and Poor Says No Immediate Rating Action on Hartford Financial Services Group Inc.
May 17 2002 // Standard & Poor’s said it would not take any immediate rating actions on Hartford Financial Services Group Inc. or its double-‘A’ rated property/casualty companies following the announcement that the...
Standard and Poor’s: U.S. P/C Insurance Rates to Continue Increase on Renewals
May 17 2002 // While the events of Sept. 11 accelerated the increase in U.S. commercial real estate insurance premiums, property and casualty insurance costs had already begun rising in 2000, independent of terrorism-coverage costs,...
AXA to Cut 700-1000 Jobs in U.K. P/C Unit Restructuring
May 15 2002 // France’s AXA announced plans to undertake a wholesale restructuring of its p/c operations in the U.K. which will eventually involve the loss of between 700 and 1000 jobs. The job cuts are aimed at stopping the losses...
ISO Purchases AIR to Help P/C Industry Manage Extreme-Event Losses
May 15 2002 // New Jersey-based Insurance Services Office, Inc. (ISO) has acquired Boston-based Applied Insurance Research (AIR), a leading provider of risk-assessment and management technology for all major natural hazards in the U.S....
Insurance Industry Posts Strong Q1 Gains HOW REAL ARE THEY’
May 13 2002 // After suffering its first ever net loss in 2001,an extraordinary and dismal year by anyone’s reckoning, the property/casualty industry finally received some good news as earnings reports for the first quarter of 2002...
XML Provides the Missing Link for SEMCI
May 13 2002 // Agents have faced the problem ever since insurance companies first introduced applications. Each company had its own form, so the agent who wanted to submit the same account to several underwriters had to write the same...
Insurance Industry Posts Strong Q1 Gains
May 13 2002 // After suffering its first ever net loss in 2001, an extraordinary and dismal year by anyone’s reckoning, the property/casualty industry finally received some good news as earnings reports for the first quarter of...
