Latest Property Casualty Headlines
All the headlines from our Property Casualty Topic Page, ordered by recency.
The Hartford Extends Premium Payments in Light of Terrorist Attacks
Sep 26 2001 // As part of its ongoing effort to help customers recover from last week’s tragic events, The Hartford Financial Services Group is temporarily extending premium insurance payment periods to customers unable to pay...
Fitch Completes Ratings Analysis Following Terrorist Attacks
Sep 26 2001 // Fitch completed the initial phase of its ratings review of insurance and reinsurance companies exposed to losses from the terrorist attacks of Sept. 11 in the United States. Findings have been issued on 16 insurance...
Ohio Director Reminds Agents of New Licensing Requirements
Sep 25 2001 // Ohio Department of Insurance Director Lee Covington issued a reminder Sept. 20 to current property and casualty license holders that beginning Oct. 9, they will no longer be authorized to solicit or sell surety bail bonds...
OneBeacon Transfers P&C Business to Liberty Mutual
Sep 24 2001 // The next challenge is to educate independent agents in those respective markets about the value of the Liberty Mutual brand and how this helps everyone.” That was the response of a company spokesman from Liberty...
NAMIC Responds to House Committee: ‘Insurance Employees are Patriotic Americans’
Sep 21 2001 // The National Association of Mutual Insurance Companies (NAMIC) issued the following comment on a letter recently sent by the House Committee on Financial Services to the president of the National Association of Insurance...
Fitch Assesses Insurer/Reinsurer Loss Exposures to U.S. Attacks
Sep 19 2001 // Fitch announced that, while it is too soon to draw solid conclusions, it believes that a vast majority of the insurers and reinsurers it rates will be able to absorb any losses without material damage to their financial...
A.M. Best Releases 6-Month Property/Casualty Results
Sep 11 2001 // The property/casualty insurance industry saw its worst second-quarter catastrophe losses in history in the period ended June 30, 2001, according to the latest A.M. Best report. Best said that catastrophe losses more than...
Assessing Property/Casualty Insolvency Exposure-2001 to 2002
Sep 10 2001 // There will be no more than 65 property/casualty insurance company insolvencies over the period Jan. 1, 2001, through Dec. 31, 2002, according to Demotech Inc. Demotech Inc., a Columbus, Ohio-based financial analysis and...
The St. Paul Companies Affirmed
Sep 10 2001 // A.M. Best Co. affirmed the “A+” financial strength rating (FSR) of The St. Paul Companies Inc., property/casualty subsidiaries. Additionally, A.M. Best has assigned an “a+” rating to St....
Looking Back at the Rise of NAPSLO
Sep 10 2001 // NAPSLO, or the National Association of Professional Surplus Lines Offices, Limited, was organized during the years of 1973, 1974 and 1975. The first meetings were usually held at the same time as the meetings of the...
Liberty Mutual to Acquire OneBeacon P/C Operations in Partnership Deal
Sep 6 2001 // Boston-based Liberty Mutual Group announced that it was in the final stages of concluding an agreement with OneBeacon to set up a partnership arrangement “to transfer OneBeacon’s property and casualty business...
NAII Says Health Information in Proposed Iowa Privacy Law Would Cause Confusion, Frustration
Aug 31 2001 // Inclusion of health information in a proposed state regulation in Iowa on consumer privacy could cause confusion and frustration for consumers and force agents to comply with two different privacy standards plus add to...
NAIC Speed-to-Market Efforts Hastened by SERFF
Aug 30 2001 // The goal of more efficient state filing systems is becoming a reality. By the end of the year, the National Association of Insurance Commissioners (NAIC) anticipates that 41 states will be accepting product and rate...
S&P Downgrades Acceptance
Aug 27 2001 // S&P took rating actions on Acceptance Insurance Companies Inc. (AICI) and its insurance operating subsidiaries. S&P downgraded American Growers Insurance Co. (AGIC) because of declining earnings and uncertain...
Silver Plume Introduces Sage Reference Tool for Commercial P&C Agents
Aug 22 2001 // Insurance Reference Systems Inc. (Silver Plume), an AMS company, announced the introduction of Sage, a web-based, intelligent research tool that uses an insurance-specific, Internet-style engine to search its library of...
FileNET Announces Acenza Underwriting and Policy Administration for P/C Marketplace
Aug 21 2001 // FileNET Corp., a provider of business process management solutions, announced the availability of Acenza Underwriting and Policy Administration, the latest addition to FileNET’s Acenza for Insurance suite of...
S&P Downgrades Acceptance Insurance Cos.
Aug 20 2001 // Standard & Poor’s took rating actions on Acceptance Insurance Companies Inc. (AICI) and its insurance operating subsidiaries. S&P downgraded American Growers Insurance Co. (AGIC) because of declining...
Rates Surge Last Quarter
Aug 20 2001 // Commercial insurance premium rates surged forward last quarter with double digit increases in the five property/casualty lines, according the Council of Insurance Agents & Brokers 2nd quarter Commercial P/C Market...
Swiss Re, Tokio Marine Conclude $450 Million Cat Swap
Aug 17 2001 // PMA Re announced that it has become the newest member of the International Insurance Council (IIC), a Washington D.C.-based association active in promoting increased trade and investment relations around the...
Sagent Unveils Fire Protection Classification Application
Aug 15 2001 // Sagent Technology Inc., a provider of business intelligence solutions, unveiled its fire protection classification application for property and casualty insurers. According to the company, the system, which utilizes...
