Latest Property Casualty Headlines
All the headlines from our Property Casualty Topic Page, ordered by recency.
A.M. BEST REPORTS WEAK P/C RESULTS
Apr 23 2001 // A new A.M. Best Co. report reveals that property/casualty results for both the fourth quarter and full year 2000 continued to weaken, especially in the reinsurance sector. The industry reported a combined ratio of 115.0...
RMS and ERisk Release P/C Study Results
Apr 19 2001 // Risk Management Solutions (RMS) and ERisk, a provider of strategic solutions for enterprise risk management and economic capital allocation, released results of a jointly sponsored evaluation of the capital adequacy and...
A.M. Best Reports U.S. Continued Weakening in U.S. Property/Casualty Results for 2000
Apr 16 2001 // According to a new A.M. Best Co. report, property/casualty results for the fourth quarter and the full year 2000 continued to weaken as the effects of the prolonged soft market overshadowed the benefits of price firming....
P/C Earnings Fall 7.5 Percent in 2000; Surplus Down for First Time Since 1984
Apr 16 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....
American National Completes Acquisition of
Apr 12 2001 // American National Insurance Company (American National) and Farm Family Holdings Inc. (Farm Family ) announced that American National had completed its acquisition of Farm Family, a transaction valued at approximately $280...
P/C Earnings Fall 7.5 Percent in 2000; Surplus Down for First Time Since 1984
Apr 11 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, Insurance Services Office Inc. and the National Association of...
Fitch P/C Report Published
Apr 9 2001 // A new ratings criteria report, “Property/Casualty Insurance Ratings Criteria (U.S.),” was recently published by Fitch. Covered is the issue of the methodology used by the group to analyze credit quality and...
Are You Ready to Put the Life Back into Your Agency’
Apr 9 2001 // Traditional p/c agencies may consider a life department for increasing profits, retention Insured households carry more coverage than ever before, but at the same time, the insurance industry is reaching fewer U.S....
WORKERS’ COMP WOES
Mar 19 2001 // The nation’s workers’ compensation insurers suffered an 86 percent decline in profits, to $144 million during the first nine months of 2000 from a $1 billion peak during the same period in 1998, according to...
DRAMA in the Nonstandard Arena: The NONSTANDARD AUTO MARKET gets ready for action that will include
Mar 19 2001 // The nonstandard auto market enjoyed above-average growth and profitability across the country through much of the 1990s. In fact, by the late ’90s, low entry barriers, including modest surplus levels required to...
AXA Net Operating Profit Up 21.2% At $2.07 Billion
Mar 15 2001 // France’s AXA announced results slightly above analysts’ forecasts on Wednesday, stating: “Net income rose 21.2% to an all-time high of Euro 2,261 million {$2.07 billion} from Euro 1,865 million {$1.706...
ACCEPTANCE SELLS P/C TO HANNOVER
Mar 12 2001 // Acceptance Insurance Cos. Inc. of Omaha, continuing to exit its property and casualty businesses, announced on March 2 it has sold a majority of that operation to Insurance Corp. of Hannover, a division of Hannover Re....
Workers’ Comp Insurers Suffer 86 Percent Profit Decline Since 1998
Mar 8 2001 // The nation’s workers’ compensation insurers suffered an 86 percent decline in profits, to $144 million during the first nine months of 2000 from a $1 billion peak during the same period in 1998, according to...
Acceptance Sells P/C Business to Hannover Re Division
Mar 5 2001 // Acceptance Insurance Cos. Inc. of Omaha, continuing to exit its property and casualty businesses, announced Friday it has sold a majority of that operation to Insurance Corp. of Hannover, a division of Hannover Re. In a...
The Tide is TURNING For Marine Insurance
Mar 5 2001 // For the past decade, the marine insurance market has been struggling to keep its head above water. And to make matters worse, premiums dropped 4.1 percent between 1998 and 1999-marking the third straight year of decline....
P/C Insurers’ Web Efforts Lacking Strategy, Conning Study Says
Mar 5 2001 // A new Conning & Co. study reports that the majority of property/casualty insurers did not have a guiding Internet strategy when developing their websites and only a few insurers use the Internet effectively to...
Marine Market in a State of Flux
Feb 26 2001 // For the past decade, the marine insurance market has been struggling to keep its head above water. And to make matters worse, premiums dropped 4.1 percent between 1998 and 1999-marking the third straight year of decline....
P/C Insurers’ Web Efforts Lacking Strategy
Feb 22 2001 // A new Conning & Co. study reports that the majority of property/casualty insurers did not have a guiding Internet strategy when developing their web sites and only a few insurers use the Internet effectively to...
A.M. Best Report Shows Property/Casualty Industry Excess Capital as Blessing, Curse
Feb 16 2001 // The property/casualty industry could return capital to its stakeholders without risking rating downgrades or insolvency, according to A.M. Best Company, which is conducting an ongoing analysis of risk-adjusted...
McGavick Takes Helm at SAFECO
Feb 12 2001 // Ending a search that has been ongoing since last October, Michael S. McGavick was named president, CEO and member of the Board of Directors of Seattle-based SAFECO Corporation on Jan. 30. McGavick, a native Washing-tonian,...
