All the headlines from our Casualty Topic Page, ordered by recency.
May 20 2011 // Iowa-based United Fire & Casualty Co. announced new executive appointments and the election of four new directors for full terms on its 12-member board.Denver Regional Office Underwriting Manager Jolene Grow was...
May 17 2011 // Florida Gov. Rick Scott has signed into law legislation that promises to lower costs for the state’s property insurers, including what they pay on sinkhole claims.While the memory of former Governor Charles...
May 16 2011 // The original criteria and objective definition for Super Regional P/C Insurers™ was established in the Feb. 12, 2007 issue of Insurance Journal. Prior to the establishment of an industry-wide definition, a number of...
May 16 2011 // Alphabetical listing Acuity a Mutual Insurance Co. AIU Insurance Co. Alaska National Insurance Co. American Commerce Insurance Co. American Family Mutual Insurance Co. American Hallmark Insurance Co. of TX American...
May 13 2011 // A.M. Best Co. has revised the outlook to negative from stable and affirmed the financial strength rating (FSR) of A (Excellent) and issuer credit ratings (ICR) of “a” of The Motorists Insurance Pool (Motorists...
May 10 2011 // A.M. Best Co. has upgraded the issuer credit ratings (ICR) to “a+” from “a” of North American Casualty Group (NAC) and its members, California Insurance Company, and Continental Indemnity Company,...
May 6 2011 // Kansas Commissioner of Insurance Sandy Praeger named department veteran Jim Newins as the new Property and Casualty Division Director at the Kansas Insurance Department (KID). Newins began working for KID in 1988 as an...
May 3 2011 // Ohio-based Cincinnati Financial Corp. reported first quarter 2011 net income of $62 million compared with $68 million for the same period in 2010. Operating income came in at $55 million compared with $63 million during...
May 2 2011 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of Harleysville Insurance and its property/casualty pooling members,...
May 2 2011 // A.M. Best Co. has downgraded the financial strength rating (FSR) to ‘D’ (Poor) from ‘B-‘ (Fair) and issuer credit rating (ICR) to “c” from “bb-” of Universal Casualty Company...
Apr 12 2011 // The federal health reform enacted last year will bring short- and long-term challenges to employers and the property/casualty insurance industry.According to Harry Shuford, chief economist for the insurance...
Apr 12 2011 // A.M. Best Co. has revised the outlook to stable from negative and affirmed the issuer credit rating (ICR) of “bbb+” of The Hartford Financial Services Group, Inc.A.M. Best also has affirmed the financial...
Apr 4 2011 // Ohio-based Westfield Insurance promoted Joseph C. Kohmann to group finance leader (CFO) and treasurer. He replaces Robert Krisowaty, who retires with more than 10 years of service.In July 2010 Kohmann assumed the position...
Mar 31 2011 // American International Group, Inc. (AIG) today announced a reorganization of Chartis, its global property/casualty business, and named a new management team, including a new chief executive officer, Peter D. Hancock,...
Mar 28 2011 // Ironshore Canada Ltd. created a specialty casualty division to underwrite insurance coverages for general liability, as well as umbrella and excess liability programs. Stephen Stewart has been named vice president to head...
Mar 21 2011 // A.M. Best Co. reported it has downgraded the financial strength rating to F (In Liquidation) from D (Poor) and issuer credit rating to “rs” from “c” of Constitutional Casualty Co., based in...
Mar 21 2011 // A Chicago-based auto insurance company has paid $256,000 in fines and is required to more quickly process, investigate and pay claims under a settlement reached with the Missouri Department of Insurance. Universal Casualty...
Mar 21 2011 // Baldwin & Lyons Inc., headquartered in Indianapolis, promoted Mark Bonini to executive vice president of sales, marketing and underwriting; Jim Isham to senior vice president of administration; and Craig Morfas to...
Mar 11 2011 // A Chicago-based auto insurance company has paid $256,000 in fines and is required to more quickly process, investigate and pay claims under a settlement reached with the Missouri Department of Insurance, the department...
Mar 9 2011 // A.M. Best Co. reported it has downgraded the financial strength rating to F (In Liquidation) from D (Poor) and issuer credit rating to “rs” from “c” of Constitutional Casualty Co. (Constitutional),...