Latest Property Casualty Headlines
All the headlines from our Property Casualty Topic Page, ordered by recency.
NAMIC Endorses Increase of Small Company Tax Exemption
Jun 4 2001 // The country’s smallest, mostly rural, insurance companies would receive a tax benefit if federal legislation introduced recently becomes law. Reps. Jim Nussle, R-Iowa; Jim Ramstad, R-Minn.; and Earl Pomeroy, D-N.D.;...
Agents Selling Financial Services, Three Texas Agents Discuss Success
Jun 4 2001 // During the last decade, the wall separating the worlds of banking and insurance has crashed down. Banks are buying insurance agencies. Banks are merging with insurance companies. The Independent Insurance Agents of America...
AscendantOne Delivers P&C Rate/Quote Product Suite
May 31 2001 // AscendantOne, announced the availability of its Rate/Quote/Issuance solution for the property/casualty front office. This browser-based front office solution was designed to allow p/c providers to deploy rating solutions...
Winterthur To Buy CGNU’s Belgian P/C Business
May 22 2001 // Winterthur, the insurance arm of Credit Suisse Group, has agreed to purchase CGNU’s Belgian p/c business for €117 million ($102.65 million). The acquisition would make Winterthur the fifth largest Belgian p/c...
Gomez Study Identifies Consumer Adoption Trends for P/C Insurers
May 21 2001 // The Internet delivery of property and casualty insurance products and services is approaching the mainstream, according to a consumer research study released by Gomez Inc., an Internet quality measurement firm. The study...
A.M. Best Report: Asbestos Claims Surge Set to Dampen Earnings
May 21 2001 // The property/casualty industry may be facing a surge in asbestos claims that could cumulatively cost the industry as much as $65 billion. This new estimate of ultimate asbestos-related losses is nearly two-thirds higher...
ACCEPTANCE TO SELL P/C BUSINESSES
May 21 2001 // Acceptance Insurance Companies Inc., an insurance holding company providing agricultural risk management products and services throughout the U.S., agreed to sell two wholly owned insurance companies, Acceptance Indemnity...
GE ERC Moves Facultative Workers’ Compensation to PnC Re Americas
May 18 2001 // Employers Reinsurance Corporation (ERC), a GE company, announced it has moved its facultative workers’ compensation product line to its P&C Re Americas business unit. The P&C Re facultative unit will now be...
Kevin Brooks to Join Aon as President of P/C Unit for Combined Specialty
May 17 2001 // Aon Corporation announced that Kevin P. Brooks will become president of the specialty property and casualty unit of Combined Specialty Corporation. Brooks was chairman, president and CEO of General Star Management Company,...
ICT To Hold Property and Casualty Symposium
May 14 2001 // The Insurance Council of Texas will hold its annual meeting along with a property and casualty insurance symposium June 27-28 in Austin. Member company representatives are encouraged to attend the annual meeting and the...
Fiduciary Duties and Expert Testimony
May 14 2001 // Insurance intermediaries, whether they are brokers or agents, have fiduciary duties. Often these duties run to policyholders or prospective policyholders. Often they run to insurers. Sometimes, they can run to both at the...
XML Provides the Missing Link for SEMCI
May 13 2001 // 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...
RSA Posts 22% Q1 Gain on Strong P/C Growth, But Life Falters Prompting Buyout Speculation
May 11 2001 // Royal & Sun Alliance Group reported a strong 22 percent gain in first quarter operating results which rose to £138 million ($239 million) net pretax over last year, led by a hefty 66 percent increase in profits...
Acceptance Ins. Cos. Announces Sale of P/C Businesses
May 11 2001 // Acceptance Insurance Companies Inc., an insurance holding company providing agricultural risk management products and services throughout the U.S., agreed to sell two wholly owned insurance companies to McM Corporation, a...
CONNING PREDICTS RATES HIKES
May 7 2001 // A recent Conning & Company study, “Property-Casualty Forecast and Analysis,” showed personal automobile rates on the rise by 4 to 8 percent. In some areas, recent filings may bring the increase up to 16...
Sherwood Acquires Concise Technologies
May 1 2001 // Sherwood International, a supplier of solutions to the global insurance marketplace, has acquired Concise Technologies Inc. for an estimated $13 million in cash and equity. The acquisition is aimed at strengthening...
Conning Predicts Rise in Premium Rates for All P/C Lines
Apr 30 2001 // Conning Corporation, a provider of asset management services to insurance companies and institutional investors based in Hartford, Conn., has predicted an increase in auto insurance premiums next year, reversing a trend in...
Conning Predicts Rise in Premium Rates for All P/C Lines
Apr 28 2001 // Conning Corporation, a provider of asset management services to insurance companies and institutional investors based in Hartford, Conn., has predicted an increase in auto insurance premiums next year, reversing a trend in...
P/C Earnings Fall 7.5 Percent in 2000; Surplus Down for First Time Since 1984
Apr 23 2001 // The property/casualty insurance industry’s net income after taxes fell 7.5 percent last year to $20.2 billion from $21.9 billion the year before, according to figures released by the Insurance Services Office Inc....
The Producer Dilemma Revisited: There are Solutions
Apr 23 2001 // Four years ago, we wrote an article for Insurance Journal that outlined what we called the “Producer Dilemma.” This article follows up on what has been a chronic problem of finding good producers for the...
