All the headlines from our Casualty Topic Page, ordered by recency.
Dec 22 2004 // Twelve-year-old Kansas City, Mo.-based wholesaler Westrope announced the addition of Scott Toland as a casualty broker in its Irvine, Calif., office. Toland comes to Westrope from the AIG Cos., where he provided...
Dec 22 2004 // Navigators Management Company, a subsidiary of The Navigators Group, Inc., announced the formation of a new unit to expand its excess casualty business, specializing in commercial excess and umbrella liability...
Dec 22 2004 // Fitch Ratings has affirmed the “A-” insurer financial strength ratings of Ohio Casualty Group’s intercompany pool members as the parent company’s “BBB-” long-term issuer rating and...
Dec 22 2004 // WAUSAU, Wis.—A Brown County judge erred in ruling that a car insurance policy must provide $1 million in coverage following a deadly crash involving a 16-year-old driver, a state appeals court ruled recently.The policy...
Dec 20 2004 // Even with the nearly $21 billion of hurricane-related losses expected to be reflected in the third and fourth quarter results, the nation’s property/casualty insurers are well-capitalized and safely positioned to...
Dec 15 2004 // North Pointe Casualty Insurance Company has agreed to offer replacement homeowners’ coverage to 60,000 Florida policyholders of American Superior Insurance Company according to Tom Gallagher, Florida’s Chief...
Dec 8 2004 // W. R. Berkley Corporation (NYSE:BER) announced that Armin W. Blumberg, president of Jacksonville, Fla.-based Carolina Casualty Insurance Company (Carolina) since 1997 and an employee of the W. R. Berkley Corporation group...
Dec 6 2004 // Ten years from now, some of the players within the property casualty insurance industry will have changed but the industry itself will not look dramatically different from what it is today:Smaller companies and independent...
Nov 22 2004 // PCI Execs Contend Current Players Will Adapt to Maintain AdvantagesTen years from now, some of the players within the property/casualty insurance industry will have changed but the industry itself will not look...
Nov 19 2004 // Standard & Poor’s Ratings Services has affirmed its ‘BBB-‘ counterparty credit rating on CNA Financial Corp. (NYSE:CNA) and its ‘A-‘ counterparty credit and financial strength ratings on...
Nov 10 2004 // ACE USA, the U.S.-based retail operating division of The ACE Group of Companies, announced the appointment of Connie Germano as senior vice president to lead the Excess Casualty and Custom Casualty businesses. Germano will...
Nov 8 2004 // The latest technologies to allow independent agents and brokers to efficiently manage and ensure a profitable business were presented to more than 1,800 conferees attending the Applied Systems Client Network’s...
Nov 8 2004 // Standard & Poor’s Ratings Services has revised its outlook on the U.S. property/casualty commercial lines sector to negative from stable.“The outlook revision follows allegations of widespread misconduct...
Nov 8 2004 // The latest technologies that allow independent agents and brokers to efficiently manage and ensure a profitable business were presented to more than 1,800 conferees attending the Annual Technology, Education and Networking...
Nov 4 2004 // ACE Ltd. (NYSE:ACE) announced that it will take several new steps to monitor and improve its compliance with best underwriting practices, and avoid real or any appearance of conflicts of interest.— The company has...
Nov 3 2004 // Guy Carpenter & Company, Inc., the global risk and reinsurance specialist of the Marsh & McLennan Companies, announced the appointment of George Carrington as Senior Vice President in Guy Carpenter’s U.K....
Nov 3 2004 // Ohio Casualty Corp. (Nasdaq:OCAS) announced the following results for its third quarter ended Sept. 30, 2004, compared with the same period of the prior year:— Net income of $19.6 million, or $0.31 per diluted share,...
Oct 26 2004 // Allmerica Financial Corporation (NYSE: AFC) in Worcester, Mass. has reported third quarter net income of $17.7 million, or $0.33 per share, compared to net income of $11.4 million, or $0.21 per share, in the third quarter...
Oct 22 2004 // The reinsurance industry is facing a key test from the 2005 renewal season in terms of how it reacts in practice to pricing pressure from cedents, according to A.M. Best Co..While the material levels of catastrophe losses...
Oct 21 2004 // Cincinnati-based The Midland Company, a provider of specialty insurance products and services, reported results for the third quarter ended Sept. 30, 2004.Net income per share was 12 cents, which included 1 cent in...