Latest Property Casualty Headlines
All the headlines from our Property Casualty Topic Page, ordered by recency.
Investments Show Confidence in Mexican Insurance Industry
Feb 11 2002 // One key indicator of any country’s economic health is the confidence of investors in its commercial enterprises. By that standard Mexico is on a roll. Since the end of the currency crisis in 1994, and the...
NY P/C Agents Can Now Renew Licenses On-line
Feb 8 2002 // New York State Insurance Department Superintendent Gregory V. Serio announced that for the first time property/casualty agents in New York State can renew their licenses over the Internet. “The new on-line program...
Allianz Net Falls on WTC Attacks, Forecasts Gains in 2002
Feb 8 2002 // German insurance giant Allianz AG confirmed the adverse affects of last September’s attacks on the World Trade Center with the announcement that preliminary figures indicated a net operating profit for 2001 of around...
Ohio Suspends Highlands Insurance Group’s Authority
Feb 6 2002 // Ohio Department of Insurance Director Lee Covington suspended the authority to transact business of five Ohio licensed companies of Highlands Insurance Group on Jan. 30, after determining that further business transactions...
ACORD Names Ayler-White Chairperson of Steering Committee
Feb 5 2002 // ACORD, the global, nonprofit standards-setting organization for the insurance and related financial service industries, named Brenda Ayler-White of Royal & SunAlliance USA as chairperson of its Property &...
Barker to Lead Knightsbridge Solutions’ Insurance Practice Area
Feb 1 2002 // Chicago systems integration firm, Knightsbridge Solutions LLC, announced that Ron Barker, senior principal, has been named as the new leader for the insurance practice area. The insurance practice area provides data...
IIAA Study Finds Agency System Continues to Grow Share of P/C Marketplace
Feb 1 2002 // A study of year 2000 insurance marketplace results by the Independent Insurance Agents of America (IIAA) finds that the agency system continues to grow market share in both commercial and personal lines, according to IIAA...
13th Annual NILS to focus on effects of Sept. 11
Jan 29 2002 // The upcoming 13th annual National Insurance Leadership Symposium (NILS) will focus on the effects of the Sept. 11 attacks on the insurance industry and the actions taken to recover. The symposium, which will be held on...
DWL Launches PnC Agent Broker Application
Jan 28 2002 // DWL Incorporated, a provider of Unified Business Services software, has released version 2.0 of DWL Insurance for Property & Casualty Agent/Broker Application. The application is the only one of its kind enabling...
Rising Prices Hit Commercial Property Market
Jan 28 2002 // Dire predictions have been floating around since September 11 regarding the availability and pricing of insurance coverage for commercial property, largely due to the issues surrounding terrorist exclusions and whopping...
NAMIC REpresentative Warns of ‘Stultifying’ Economic Consequences of Reinsurance Shortage
Jan 21 2002 // Warren Heck, chairman and CEO of the Greater New York Mutual Insurance Company will explain to the NAIC’s Reinsurance Task Force the more general economic problems that accompany the post-9/11 reinsurance...
Conning and Co. Reports P/C Insurer Reserves Inadequate to Cover Rising Cost of Claims
Jan 18 2002 // According to a Business Wire report, insurers will have to strengthen their loss reserves in order to be able to meet future claims, as stated in a new Conning & Company study. Though property-casualty rates have been...
P/C Trends Gain Momentum after U.S. Attacks
Jan 16 2002 // According to A.M. Best Co., the unprecedented events of Sept. 11 have forever changed the way the insurance industry defines risk as both property and liability lines have been exposed to catastrophic risks that cannot be...
InsuranceNoodle to Provide MetLife P/C Agents with Small Commercial Solution
Jan 15 2002 // Chicago-based InsuranceNoodle has reached agreement with the MetLife General Insurance Agency Inc. to offer 600 of their property/casualty licensed career agents with the InsuranceNoodle web-based small commercial...
S&P Downgrades Travelers P/C Corp.
Jan 14 2002 // Standard & Poor’s lowered its senior debt and preferred stock ratings on Travelers Property Casualty Corp. from “A+” and “A-” to “A” and “BBB,” respectively. At...
The St. Paul’s Affirmed
Jan 14 2002 // A.M. Best Co. affirmed the “A+” FSR of The St. Paul Companies’ property/casualty subsidiaries and lowered the company’s long-term debt ratings. Senior debt has been lowered from “a+” to...
S&P Downgrades Travelers P/C Corp.
Jan 14 2002 // Standard & Poor’s lowered its senior debt and preferred stock ratings on Travelers Property Casualty Corp. from “A+” and “A-” to “A-“and “BBB,” respectively. At...
The St. Paul’s Affirmed
Jan 14 2002 // A.M. Best Co. affirmed the “A+” FSR of The St. Paul Companies’ property/casualty subsidiaries and lowered the company’s long-term debt ratings. Senior debt has been lowered from “a+” to...
AIU Launches New Global P/C Web Site
Jan 9 2002 // AIG’s principal international property-casualty division, American International Underwriters (AIU) announced the launch of www.aiu.com, “a comprehensive Internet resource designed to provide AIU’s...
SCSI, Vitria Partner to Deliver Enterprise Automation Solution for P/C Industry
Jan 8 2002 // SCSI, a producer of real-time information systems for data access and management, and Vitria, a collaboration platform and collaborative applications provider, announced a partnership to serve the property and casualty...
