All the headlines from our Casualty Topic Page, ordered by recency.
Apr 28 2009 // Cedar Rapids, Iowa-based United Fire & Casualty Company reported net income for the first quarter of 2009 was $3.3 million or 12 cents per diluted share, down from a net income of $20.1 million or 74 cents per diluted...
Apr 21 2009 // Last month, shortly after American International Group, Inc. CEO Edward Liddy announced that AIG would be spinning off its global insurance operations into a new entity to be known as AIU Holdings, Inc., Insurance...
Apr 21 2009 // Rating organization A.M. Best Co. reported that its ratings and outlook of the property/ casualty subsidiaries of American International Group, Inc. (AIG) remain unchanged following the company’s announcement of the...
Apr 10 2009 // GAB Robins UK announced the appointment of Kim Alcock as its new Casualty Director with immediate effect.She will head up the Casualty Service Line with responsibility for the day-to-day delivery of services encompassing...
Apr 9 2009 // Property/casualty insurers remained profitable in 2008 despite taking hits from several catastrophes, the recession and the ongoing financial crisis. P/C insurers earned $2.4 billion in net income after taxes in 2008, but...
Apr 6 2009 // The economic and financial downturn will have a mixed impact on the workers’ compensation insurance market, say industry analysts.Harry Shuford, chief economist for the National Council on Compensation Insurance...
Apr 6 2009 // The Professional Insurance Agents of Connecticut Inc. (PIACT) elected new officers. They are: President James Goodman, who is president of Goodman Insurance Inc. in Shelton; President-elect Howard Olderman, who is...
Mar 27 2009 // The nation’s insurance industry found some things to like and not to like in Treasury Secretary Timothy Geithner’s proposed restructuring of financial services regulation.While Secretary Geithner said that any...
Mar 25 2009 // Kansas City, Mo.-based wholesale insurance broker Westrope announced that Christopher Morris has joined the Westrope Southwest Team in Dallas. Morris, who joins Westrope as a vice president in Casualty, produced and...
Mar 20 2009 // International insurer Torus Insurance Ltd has appointed Linc Trimble as New Jersey-based head of the company’s excess casualty division.Trimble will oversee a country-wide growth strategy for Torus, and build a...
Mar 18 2009 // Despite some complaints by competitors, American International Group (AIG) does not appear to be using federal bailout funds to lower its insurance prices to keep and attract business, state and federal officials told a...
Feb 22 2009 // Juan Andrade and Jonathan Bennett have been named as interim co-leads of the Property and Casualty Operations of The Hartford.Their appointment to those interim positions follows the departure of Neil Wolin, president and...
Feb 22 2009 // Englewood, Colo.-based Colorado Casualty, a Liberty Mutual Agency Markets regional company, has added workers’ compensation coverage to its commercial insurance product line in Nevada.“Bringing workers’...
Feb 8 2009 // Linda Timmons has been promoted to director of communications for the Independent Insurance Agents of Texas (IIAT). In this position, Timmons will manage the organization’s internal and external communications,...
Feb 6 2009 // Fourth quarter profits at The Hanover Insurance Group fell 55 percent from $75.8 million a year ago to $34.1 million. Full-year net income dropped nearly 92 percent to $20.6 million, from the $253.1 million the Worcester,...
Feb 5 2009 // Englewood, Colo.-based Colorado Casualty, a Liberty Mutual Agency Markets regional company, announced it has added workers’ compensation coverage to its commercial insurance product line in Nevada.“Bringing...
Feb 3 2009 // The Texas Department of Insurance announced enforcement actions taken by Commissioner Mike Geeslin that became final during December.The actions include five license revocations, three license denials and fines and...
Feb 2 2009 // The Bermuda-based Argo Group International announced that it has established a Casualty and Professional Risks division within Argo Re, the Company’s reinsurance division.“The newly formed division will write...
Jan 29 2009 // A.M. Best Co. has revised the outlook to negative from stable and affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa-” of Nationwide Group and its...
Jan 28 2009 // The Hartford Financial Services Group, Inc. today announced that Neal Wolin, president and chief operating officer of the company’s Property and Casualty Operations, has accepted a position in the White House as...