P&C Companies News

Best Affirms GCAN ‘A’ Rating

A.M. Best Co. announced that it has affirmed the financial strength rating of “A” (Excellent) of Toronto-based GCAN Insurance Company...

OdysseyRe Completes Stock Sale

OdysseyRe Holdings Corp. announced that it has completed the previously announced sale of 4,100,000 shares of its common stock, at...

Heavy Rains Cause U.K. Floods

Heavy rains overnight caused severe flooding in parts of the U.K. The worst affected areas were in southwestern Scotland, west...

Ohio Casualty Unveils Q3 CAT Losses

Ohio Casualty Corporation announced that it estimates total net catastrophe losses for third quarter 2005 to be approximately $11.6 million...

Horace Mann Estimates Hurricane Loss

Illinois-based Horace Mann Educators Corporation estimates its financial impact from Hurricanes Katrina and Rita will total approximately $29 million to...

CNA Takes $280M Hit from Hurricanes

CNA Financial Corporation announced that its preliminary estimate of losses relating to Hurricane Katrina is approximately $280 million, after-tax. This...

State Auto Estimates Q2 Cat Losses

State Auto Financial Corporation today announced it estimates that catastrophic storms during the third quarter of 2005 will produce between...