All the headlines from our Casualty Topic Page, ordered by recency.
Mar 9 2004 // Property and casualty insurers earned $22.9 billion during the first nine months of 2003, representing a $12.1 billion, or 112 percent, increase over the $10.8 billion profit reported during the same period in 2002,...
Mar 8 2004 // Insurer Ohio Casualty Corp. announced that its 2004 fourth-quarter profit was $27.7 million, down 5 percent from last year’s $29.1 million. Meanwhile, the Fairfield, Ohio-based company boasted that a company-wide...
Mar 1 2004 // The AscendantOne unit of Insurance Services Office Inc. (ISO) has been awarded a contract by NOVA Casualty Company to provide web-based property/casualty rating, quoting and rate-management services. AscendantOne’s...
Feb 24 2004 // On February 20, 2004, the Arkansas Insurance Department issued the following directive on cancellations, nonrenewals and discriminatory underwriting practices for property and casualty insurance:The Department recognizes...
Feb 24 2004 // With less than two months left until tax day, taxpayers are sifting through their files to assess last year’s gains and losses. An often-overlooked deduction is unreimbursed property and casualty losses, according to...
Feb 23 2004 // Washington native Mike Kreidler was elected to the office of Insurance Commissioner in November 2000, taking office in January 2001. Before becoming Insurance Commissioner, Kreidler enjoyed a varied political career. He...
Feb 19 2004 // Alabama-based Infinity Property and Casualty Corporation, a provider of personal automobile insurance with an emphasis on non-standard auto insurance, has closed the previously announced offering of $200 million Senior...
Feb 19 2004 // The issues driving the medical malpractice crisis will be among the topics addressed at the annual Ratemaking Seminar of the Casualty Actuarial Society (CAS), March 11-12, at the Wyndham Franklin Plaza Hotel in...
Feb 17 2004 // Insurer Ohio Casualty Corp. announced that its 2004 fourth-quarter profit was $27.7 million, down 5 percent from last year’s $29.1 million. Meanwhile, the Fairfield, Ohio-based company boasted that a company-wide...
Feb 13 2004 // Allied World Assurance Co. [Europe], Limited [AWAC Europe] announced that Nessa Goodman has been promoted to the position of Assistant Vice President, General Casualty. She joined AWAC on November 4, 2002, in the position...
Feb 10 2004 // Alabama-based Infinity Property and Casualty Corporation, a provider of personal automobile insurance with an emphasis on nonstandard auto insurance, reported net earnings for the fourth quarter of $19.5 million or $0.94...
Feb 2 2004 // Gahanna, Ohio-based insurance software vendor Strategic Insurance Software Inc. collaborated with Ohio Casualty Group to provide SIS WebLink real-time inquiry to their agencies using SEMCI PARTNER system. Ohio Casualty,...
Feb 2 2004 // The issues driving the medical malpractice crisis will be among the topics addressed at the annual Ratemaking Seminar of the Casualty Actuarial Society (CAS), March 11-12, at the Wyndham Franklin Plaza Hotel in...
Jan 26 2004 // The Texas Department of Insurance held a public hearing Jan. 7, 2004 to consider a proposal that would cap the amount by which insurance companies could increase or decrease rates in personal lines insurance because of an...
Jan 26 2004 // Fitch Ratings has assigned an insurer financial strength rating of ‘A-‘ to Ohio Casualty Group’s intercompany pool members.In addition, Fitch has affirmed the ‘BBB-‘ senior debt rating and...
Jan 26 2004 // The distinction between an agent and broker has had increased significance in California following Proposition 103 as brokers may charge broker fees and agents may not. Producers rely heavily on broker fee income due to...
Jan 26 2004 // As you have no doubt heard by now, this hard market is not just longer; it is fundamentally different. It is by all reports the most moderate in memory, characterized by fewer and less dramatic disruptions of normal market...
Jan 26 2004 // Fitch Ratings affirmed the “BBB+” long-term issuer ratings of American Financial Group Inc. (AFG) and its subsidiaries American Premier Underwriters Inc. and Great American Financial Resources Inc. (GAFR). The...
Jan 12 2004 // The governing boards of two of the nation’s largest property/casualty trade groups have agreed to a merger that would have more than 1,000 members and represent 40 percent of the P/C marketplace.The National...
Jan 12 2004 // The workers’ compensation segment in Midwestern states is not immune to the broad trends in the line nationally — including poor combined ratios, escalating medical costs and severe underreserving — but no...