All the headlines from our Casualty Topic Page, ordered by recency.
Oct 20 2004 // Ohio Casualty Group CEO Dan R. Carmichael received the third-annual Pinnacle Award from the Applied Systems Client Network (ASCnet), the user group of Applied Systems management technology. One of the association’s...
Oct 7 2004 // AIG Excess Casualty(R), a division of the property and casualty insurance subsidiaries of American International Group, Inc., announced the launch of AIG ExcessAdvantage, described as “a new program designed to...
Oct 1 2004 // Insurer Ohio Casualty Corp. announced that Jeffery L. Haniewich, executive vice president and chief operating officer of the commercial lines division of the Ohio Casualty Insurance Co., has left to pursue other career...
Sep 29 2004 // Details of the settlement of a lawsuit between the town of Rhinelander, Wis., and General Casualty Insurance Cos. over cleanup of a former city landfill were released Friday after an open records lawsuit.The Sun Prairie,...
Sep 22 2004 // Maine officials have warned consumers and industry professionals about a scam involving an unlicensed company using a name and logo similar to those of The Hartford, the well-known insurer, and one of its duly licensed...
Sep 20 2004 // First RespondersOnce upon a time, the excess and surplus line market was the safety valve of the insurance industry—the more lightly regulated, more financially shaky little brother to the admitted market. It was said to...
Sep 17 2004 // A.M. Best Co. has downgraded the financial strength rating to “B++” (Very Good) from “A-” (Excellent) of AXA Re Property and Casualty Insurance Company (New York, N.Y.). The rating outlook remains...
Sep 11 2004 // A mix of positive and negative forces continues to influence the financial strength of reinsurers, according to A.M. Best Co. in the special report, Global Reinsurance.The net effect reportedly continues to be a largely...
Sep 9 2004 // ACE USA, the U.S.-based retail operating division of The ACE Group of Companies, announced the launch of its Energy Casualty Practice, led by Keith Mattheessen.The new group will reportedly enhance ACE’s U.S. energy...
Aug 24 2004 // ACE USA, the U.S.-based retail operating division of The ACE Group of Companies, is creating a new unit, ACEONLINE, focusing on web-based distribution of insurance products that target the small to middle market.ACE...
Aug 24 2004 // Ohio Casualty Corporation announced that it expects net catastrophe losses in the range of $6 to $8 million before-tax from Hurricane Charley. The catastrophe loss impact for Hurricane Charley is expected to add...
Aug 23 2004 // Regulators are putting unwanted attention on commercial insurance broker compensation, but it’s unlikely that compensation plans will move away from the fee-based model the industry has been slowly migrating to the...
Aug 23 2004 // Attendees at the 12th Annual Mid-Year Property and Casualty Symposium presented in July by the Insurance Council of Texas and the Association of Fire and Casualty Companies in Texas (AFACT) were treated to a series of...
Aug 23 2004 // Oklahoma Insurance Commissioner Carroll Fisher placed Hospital Casualty Co. into receivership after its Board of Directors requested the action. Hospital Casualty provides medical liability insurance to hospitals and...
Aug 20 2004 // Fairfield-based insurer Ohio Casualty Corp. has appointed Michael L. Wright, of Fortville, Ind., as a member of its board of directors, effective Aug. 19, 2004. Wright has served in a number of executive positions,...
Aug 12 2004 // Standard & Poor’s Ratings Services announced that it has lowered its counterparty credit and financial strength ratings on Oil Casualty Insurance Ltd. (OCIL) to ‘A-‘ from ‘A’, while...
Aug 6 2004 // Fairfield, Ohio-based insurer Ohio Casualty Corp. reported second-quarter net income of $32.7 million, or 52 cents per diluted share, up 67 percent from $11 million, or 18 cents per diluted share, a year ago. The company...
Jul 28 2004 // Allmerica Financial Corporation (NYSE: AFC) in Worcester, Mass, whose companies include Hanover and Citizens insurance, reported second quarter net income of $32.4 million, or $0.60 per share, compared to net income of...
Jul 27 2004 // Bermuda-based PartnerRe Ltd. reported net income of $119.8 million, or $2.12 per share on a fully diluted basis, for the second quarter of 2004.This net income includes net after-tax realized gains on investments of $10.1...
Jul 27 2004 // The Louisiana Department of Insurance will hold a property and casualty filing seminar in Baton Rouge on Aug. 19 and 20, 2004. Hot topics include: Regulation 78; Terrorism; Flexible Rating/Filing Provisions; Credit...