All the headlines from our Casualty Topic Page, ordered by recency.
May 19 2005 // A.M. Best Co. has affirmed the financial strength rating of A (Excellent) of the property/casualty members of United Fire & Casualty Group (United Fire), which operate under a business pooling agreement. Additionally,...
May 19 2005 // The Atlanta Chapter of the Chartered Property Casualty Underwriters Society elected and installed its new officers at its monthly luncheon meeting. The new officers for 2005/2006 are: Larry Long, president, Allstate; Phil...
May 5 2005 // A.M. Best Co. has affirmed the financial strength rating of A+ (Superior) of Ohio-based American Modern Insurance Group (American Modern) and its property/casualty affiliates. A.M. Best has also affirmed the financial...
May 2 2005 // Property/casualty insurer Ohio Casualty Corp. reported first-quarter net income of $37.7 million, or 55 cents per diluted share, versus $19.2 million, or 31 cents per diluted share in the first quarter of 2004. The...
May 2 2005 // Bermuda-based Max Re Capital Ltd. reported net income for the three months ended March 31, 2005 of $36.8 million, or $0.74 per diluted share, compared to net income of $43.0 million, or $0.87 per diluted share, for the...
May 2 2005 // The Independent Insurance Agents of Oklahoma will hold its CIC Commercial Casualty Institute May 18-21, 2005, at the Hilton Southern Hills, 7902 South Lewis Avenue, in Tulsa.The institute will present up-to-date...
Apr 18 2005 // The property/casualty insurance industry’s frequently volatile underwriting cycle is back with a vengeance and will have no mercy this time around, advises a top industry economist.The property/casualty financial...
Apr 14 2005 // Illinois-based RLI Corp. announced first quarter net earnings of $29.3 million ($1.12 per diluted share), which were 73% better than the $16.9 million ($0.65 per diluted share) reported in the same quarter last...
Apr 11 2005 // Two months before the study is expected to be done, the property casualty insurance industry is getting nervous about a study on terrorism insurance being conducted by the Treasury Department, a study some in Congress are...
Apr 4 2005 // CPCU Society Looking at IMSAThe property casualty industry’s leading educational society is weighing what role to play in helping the industry restore its image after months of charges about bid rigging and...
Mar 30 2005 // Germany’s Hannover Re Group reported 309.1 million euros ($400 million) net after tax income for 2004, down 12.9 percent from 2003’s 354.8 million euros ($459.8 million). The company’s earnings report,...
Mar 28 2005 // The Ohio Casualty Insurance Co. announced that Paul Gerard has been named senior vice president of investments, effective March 21. Gerard, 45, comes to Ohio Casualty from GE Asset Management and Genworth Financial, where...
Mar 22 2005 // ACE USA, the U.S.-based retail operating division of The ACE Group of Companies, announced the appointment of David J. Brosnan as president, ACE Casualty Risk. Based in Philadelphia, Brosnan will lead the Casualty Risk...
Mar 21 2005 // Should P/C Industry Response to Ethical Lapses Include a Self-Regulatory Body?The property casualty industry’s leading educational society is weighing what role to play in helping the industry restore its image after...
Mar 21 2005 // S&P revised its outlook on United Fire & Casualty Co., UFCS’s wholly owned property/casualty subsidiaries and UFCS’s life subsidiary to stable from negative. S&P also affirmed its “A”...
Mar 3 2005 // On Thursday morning, Florida’s Chief Financial Officer Tom Gallagher held a news conference and expressed his desire to meet “eyeball-to-eyeball” with the heads of insurance companies to discuss open...
Feb 28 2005 // Despite a hurricane-ravaged third quarter, property/casualty insurers reported profits of $28.1 billion in the first nine months of 2004, representing a 22.4 percent increase over the $22.9 billion earned during the same...
Feb 25 2005 // Fairfield, Ohio-based insurer Ohio Casualty Corp. announced fourth-quarter net income of $56.9 million, or 82 cents per diluted share, versus $27.7 million, or 42 cents per diluted share. The company reported statutory...
Feb 22 2005 // Liberty Northwest Insurance Corp., based in Portland, Ore., has joined the Trusted Choice® branding movement—the national consumer branding campaign created to educate consumers about the benefits of using independent...
Feb 16 2005 // Shifting funds from one New York guaranty fund to prop up the state’s floundering Workers’ Compensation Security Fund will reportedly only jeopardize the solvency of the Property/Casualty Security Fund and...