All the headlines from our Casualty Topic Page, ordered by recency.
Nov 16 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...
Nov 15 2007 // Manhasset, N.Y.-based NIF Group, Inc., a program administrator and specialty brokerage firm, recently announced that NOVA Casualty will offer a new market for social service agencies. NIF Group will underwrite the program...
Nov 9 2007 // Chicago-based Colemont Insurance Brokers recently announced that Laura Purcell was named to the position of assistant vice president and casualty marketing manager for Colemont-Chicago. She will be responsible for...
Nov 6 2007 // San Diego-based Sloan Mason is offering a provision of competitive coverages for pipeline construction contractors. Coverages include workers comp/general liability/umbrella liability/auto/inland marine/property with an AM...
Nov 5 2007 // Ohio Casualty, a member of Liberty Mutual Group, announced that it was recently honored with three awards from Applied Systems Client Network (ASCnet), the user group for Applied Systems agency management technology, in...
Nov 4 2007 // Valiant Insurance Group Inc. announced that John N. DiBlanda has joined its U.S. property and casualty insurance operations as chief financial officer and chief operating officer.Prior to joining Valiant, DiBlanda served...
Oct 30 2007 // Enforcement actions taken by Texas Insurance Commissioner Mike Geeslin that became final during September 2007 include 12 license revocations, three license denials and fines and restitution totaling $375,983, the Texas...
Oct 27 2007 // Kyle Stevens was elected the new president and chief executive officer of Western Security Surplus Insurance Brokers, a wholesale broker and managing general agency with offices in California and Texas.Stevens has served...
Oct 27 2007 // According to Gail Sheehy, growth demands a temporary surrender of security. Although it is unlikely she was speaking of property and casualty insurance industry marketshare when she made this comment, it seems to me that...
Oct 12 2007 // The Texas Department of Insurance enforcement actions that became final during August 2007 include five license revocations, a license denial, and fines and restitution totaling $205,428, the department reported.An order...
Oct 11 2007 // U.S. property/casualty insurers are expected to pay homeowners and businesses an estimated $1.125 billion for third-quarter property losses resulting from a total of six catastrophes in 11 states, according to preliminary...
Oct 11 2007 // Rep. Larry Taylor (Friendswood), an insurance agent, was appointed by Texas House of Representatives Speaker Tom Craddick to the Property Casualty Insurance Legislative Oversight Committee. Rep. Senfronia Thompson...
Oct 10 2007 // Munich Re announced a new long-term “profitable growth strategy” aimed at increasing its share of both direct and broker reinsurance, as well as primary insurance, in the U.S. P/C market. The Group writes more...
Oct 10 2007 // Washington Casualty Company (WCC), a medical professional liability firm, recently announced that it has earned the reinstatement of its license to underwrite insurance in Oregon.The announcement coincides with the...
Oct 8 2007 // California clarifies surplus lines rules for retail agentsCalifornia retail agent-brokers not transacting insurance on behalf of surplus line broker organizations are not required to follow a new law affecting surplus...
Oct 5 2007 // Medical professional liability insurer Washington Casualty Co. announced that it has earned the reinstatement of its license to underwrite insurance in Oregon, as determined by the Oregon Department of Insurance.The...
Oct 1 2007 // Will increased competition and lower pricing lead U.S. property/casualty insurers to skimp on reserves? Not according to a report published by Standard & Poor’s Ratings Services.The article, “For U.S....
Sep 25 2007 // Medical professional liability insurer Washington Casualty Co. (WCC), today announced it has named Mike Rutz to the newly created position of managing director. WCC is a wholly owned subsidiary of Lansing, Mich.-based...
Sep 25 2007 // The U.S. property/casualty insurance industry’s overall profitability as measured by its annualized rate of return on average policyholders’ surplus (or statutory net worth) slipped to 13.1 percent in...
Sep 24 2007 // With $7.3 billion in premium, Liberty Mutual Agency Markets becomes the largest regional independent agency forceBoston-based insurance giant Liberty Mutual Group is now the largest regional provider of property and...