All the headlines from our Casualty Topic Page, ordered by recency.
Jan 9 2008 // Bermuda-based Endurance Specialty Holdings Ltd. announced that Robert Needle will join the Group, as Executive Vice President Excess Casualty and Professional Lines, subject to approval by the Bermuda Department of...
Jan 4 2008 // A.M. Best Co. has placed the financial strength rating of B+ (Good) and the issuer credit rating of “bbb-” of Georgia Casualty & Surety Company under review with positive implications.The rating actions...
Jan 4 2008 // Birmingham, Ala.-based property and casualty brokerage firm, Casualty & Surety Inc., acquired JC Shannon Insurance Services Inc., of Fresno, Calif. JC Shannon specializes in truck physical damage and cargo coverage,...
Jan 4 2008 // At the heart of every property and casualty insurance contract lies a promise to soften the blow of misfortune.But what happens when an insurance company becomes financially troubled, fails and is no longer able to uphold...
Jan 4 2008 // Greg Vanek of Waco was elected president of the Association of Fire and Casualty Companies in Texas (AFACT) for the 2008-2009 term. Vanek is president and chief executive officer of National Lloyds and American Summit...
Dec 31 2007 // Participants on a panel session debating the pros and cons of proposed federal regulation of the insurance industry at the Casualty Actuarial Society’s (CAS) annual meeting agreed there is a need for regulatory...
Dec 28 2007 // Atlanta-based Atlantic American Corp. has agreed to sell its property/ casualty unit to Columbia Mutual Insurance Co. of Columbia, Missouri, part of the Columbia Insurance Group.The regional property and casualty business...
Dec 28 2007 // San Francisco-based Wells Fargo Insurance Services has named Kevin Brogan managing director, national practice leader, casualty. He will be based at the company’s corporate headquarters in Chicago. In his new role,...
Dec 27 2007 // The U.S. property/casualty insurance industry’s net income after taxes rose 7.1 percent to $49.4 billion through nine-months 2007 from $46.1 billion through nine-months 2006. Fueled by the industry’s net...
Dec 23 2007 // Toledo, Ohio-based privately held commercial insurance brokerage, the Hylant Group, has named John W. Chaney as president of the Cleveland office and regional vice president.Chaney will be responsible for the overall...
Dec 18 2007 // Zurich named Kevin McCracken as executive vice president-casualty, and Joseph Tocco as executive vice president-property for the insurer’s Global Corporate in North America unit, effective Jan. 1, 2008. Both will now...
Dec 17 2007 // Mo.-based Lockton recently announced that it has expanded its St. Louis brokerage team with the addition of Linda Liston as vice president-Account Executive, and Debra Bunce and Diane Fischer as account executives, and...
Dec 6 2007 // Global reinsurer BMS announced today that it has acquired a P/C brokerage team based in Minneapolis. The nine member team is led by senior brokers Jim Brost and Mike Joyce.“The acquisition of this team boosts our...
Dec 4 2007 // Florida Insurance Commissioner Kevin McCarty promoted Robin Westcott to director of property and casualty financial oversight with the Office of Insurance Regulation effective Nov. 28. Westcott will report to Deputy...
Dec 2 2007 // It is common for an insured to have two insurers cover the same risk. When the insured is sued regarding that risk, both insurers have a duty to defend and indemnify the insured. Often the insurers agree to a split of the...
Dec 2 2007 // The market for property and casualty insurance will stay soft in 2008, as premiums are expected to either decline or remain flat, according to actuarial and risk management experts at global consulting firm, Watson Wyatt...
Dec 2 2007 // At the heart of every property and casualty insurance contract lies a promise to soften the blow of misfortune.But what happens when an insurance company becomes financially troubled, fails and is no longer able to uphold...
Nov 18 2007 // PeopleLockton Companies LLC appointed Frank Scardino as president of the company’s Dallas property and casualty operation. In his new position, Scardino is responsible for setting the vision and long-term strategies...
Nov 18 2007 // Insurance Journal is pleased to launch a new series of profiles of privately-held property/casualty independent insurance agencies that qualify for the annual Insurance Journal Top 100 P/C Agency listing. What better place...
Nov 16 2007 // Markel Global Marine & Energy Inc. (MGME) announced the planned expansion of the company’s product offerings through a new Onshore Energy Casualty Department. The new department will be open January...