All the headlines from our Casualty Topic Page, ordered by recency.
Jul 26 2004 // Hospital Casualty Co., an insurer that provides medical liability insurance to hospitals and nursing homes in Oklahoma, will stop operations by fall the Associated Press and the Oklahoman reported.Hospital Casualty Co. was...
Jul 22 2004 // Acknowledging that Arkansas law imposes minimal restrictions on underwriting, the Arkansas Insurance Department nevertheless announced that it expects property and casualty insurers to give proper attention to the explicit...
Jul 20 2004 // Des Moines, Iowa-based insurer EMC Insurance Group Inc. announced a proposed 6.5 percentage point increase in its property/casualty insurance companies’ aggregate participation interest in the EMC Insurance...
Jul 14 2004 // Property/casualty insurers more than doubled their profits during 2003, earning $32.3 billion compared to the $13.5 billion reported in 2002, according to Weiss Ratings Inc., an independent provider of ratings and analyses...
Jul 13 2004 // Standard & Poor’s has affirmed its ‘AA’ counterparty credit and financial strength ratings on Mercury Casualty Co. and Mercury Insurance Co. as well as its ‘AA’ financial strength rating...
Jul 13 2004 // Harleysville Insurance of Harleysville, Pa., recently announced new appointments in three field offices serving independent agents and policyholders in the Mid-Atlantic and Midwest regions. The appointments...
Jul 5 2004 // Chairman Tim Hegarty Explains How His Trade Group Serves Big and Small AlikeWhat happens when you put giants like State Farm, AIG, Nationwide and Liberty Mutual in a room with tiny farm mutuals like Husbandsmans Mutual,...
Jul 5 2004 // The insurance industry, now teeter-tottering between a hard and a soft market, “has reached a point of inflection,” said Robert Partridge, Standard & Poor’s managing director, at S&P’s...
Jul 5 2004 // ‘Clean Slate’ U.S. P/C Insurers Learn from Sins of Their PredecessorsIn the summer of 2001, the hard cycle had already arrived for the U.S. property/casualty marketplace. Prices were trending up as experts...
Jul 2 2004 // A.M. Best has introduced its new Property/Casualty Center – Premium Data & Reports, an online product that provides access to select pages of companies’ annual statement data and more by bringing together...
Jun 29 2004 // The U.S. property/casualty industry’s net income after taxes rose to $13.3 billion in first-quarter 2004 from $6.5 billion in first-quarter 2003 as insurers posted an underwriting profit for only the second time...
Jun 28 2004 // Fairfield-based insurer Ohio Casualty Corp. announced that it has priced a $200 million offering of its 7.3 percent senior notes due 2014. It is anticipated that the transaction will close on June 29, 2004. Citigroup...
Jun 21 2004 // Former Speaker of the House Tip O’Neill once famously said, “All politics is local.” The same could be said for the insurance industry—insurance coverage is definitely local. In addition, there...
Jun 8 2004 // With all signs pointing to increasing competition in U.S. property/casualty markets, the most important challenge many insurers face may be survival itself, an industry leader said Tuesday.In remarks at the 76th Annual...
Jun 7 2004 // Former Speaker of the House Tip O’Neill was attributed with the comment that “all politics are local.” The same could be said for the insurance industry—insurance coverage is definitely local. In...
May 18 2004 // Congress should act this year to extend the Terrorism Risk Insurance Act (TRIA) for two years beyond its Dec. 31, 2005, expiration date because the private market alone cannot deal with further catastrophic terrorist...
May 17 2004 // A white paper published by the Property Casualty Insurers Association of America (PCI) shows that insurance industry profitability must be evaluated over the long term and that loss costs, not investment return, are the...
May 17 2004 // Standard & Poor’s Ratings Services affirmed its “AA” counterparty credit and financial strength ratings on Houston Casualty Co., Avemco Insurance Co., U.S. Specialty Insurance Co., HCC Specialty...
May 17 2004 // Hard markets have a way of making insurance company financial strength ratings a hot topic of discussion, and not just among insurance agents and brokers. Professional risk managers and other insurance buyers, consumer...
May 17 2004 // Nuts & Bolts: ACE Casualty Risk introduced a new casualty premises pollution program offering general liability and premises pollution coverage in a single primary policy. It is designed to help companies address...