All the headlines from our Casualty Topic Page, ordered by recency.
Jan 15 2003 // A.M. Best Co. has affirmed the financial strength rating of A++ (Superior) of Travelers Property Casualty Pool (Hartford, Conn.).The rating applies to the 20-member pool, led by Travelers Indemnity Company, and two...
Jan 6 2003 // Standard & Poor’s has lowered its counterparty credit and financial strength ratings on ARI Mutual Insurance Co. (ARIM) and its affiliate, ARI Casualty Co. (ARIC), to ‘Bpi’ from ‘BBpi’....
Dec 16 2002 // S&P’s Ratings affirmed its ‘BBBpi’ counterparty credit and financial strength ratings on Employers Mutual Casualty Co. and related pool members (collectively referred to as EMC) based on the...
Dec 16 2002 // S&P’s Ratings affirmed its ‘BBBpi’ counterparty credit and financial strength ratings on Employers Mutual Casualty Co. and related pool members (collectively referred to as EMC) based on the...
Dec 5 2002 // A.M. Best Co. has affirmed the financial strength ratings of A (Excellent) of SAFECO Corporation’s (Seattle) property/casualty and life/health insurance subsidiaries.A.M. Best has also affirmed the “bbb+”...
Dec 4 2002 // ACE Casualty Risk is entering the environmental risk market resulting in the creation of a new unit, ACE Environmental Risk. The new environmental and casualty underwriting unit will offer environmental liability products...
Nov 25 2002 // Standard & Poor’s Ratings Services announced it has affirmed its “Bbpi” counterparty credit and financial strength ratings of Hanover Fire and Casualty Insurance Co. of Plymouth Meeting,...
Nov 25 2002 // Standard & Poor’s Ratings Services announced that it has lowered its counterparty credit and financial strength ratings on Kansas City-based Casualty Reciprocal Exchange (CRE) to ‘CCCpi’ from...
Nov 25 2002 // A.M. Best Co. affirmed the FSR of “A+” (Superior) for the Mercury Casualty Group (Los Angeles), as well as the FSR “A-” (Excellent) of American Mercury Insurance Group (Oklahoma City) subsidiaries...
Nov 21 2002 // Illinois Insurance Director Nat Shapo announced that the Cook County Circuit Court has issued an Order of Liquidation with “A Finding of Insolvency” against Oak Casualty Insurance Company.The finding, issued on...
Nov 20 2002 // Standard & Poor’s Ratings Services announced that it has affirmed its ‘BBBpi’ (the ‘pi’ indicates the ratings are based on “public information”) counterparty credit and...
Nov 11 2002 // A.M. Best Co. downgraded Worcester, Mass.-based Allmerica Financial Corporation’s (AFC) property/casualty operations from “A-” to “B++.” The company’s life and annuity operations were...
Nov 6 2002 // Fitch Ratings announced that it has affirmed the ‘BBB-‘ senior debt rating and ‘BBB-‘ long-term issuer rating of Ohio Casualty Corporation with a “stable” outlook.“The rating...
Nov 5 2002 // Standard & Poor’s Ratings Services said that it lowered its counterparty credit and financial strength ratings on Washington Casualty Co. to single-‘Bpi’ from triple-‘Bpi’ because of the...
Oct 31 2002 // Thomas Brown, chairman of the board and CEO of the California Casualty Management Company, was elected second vice chair at the National Association of Independent Insurers’ (NAII) Annual Meeting this week. Brown...
Oct 31 2002 // Ohio Casualty Corporation announced a net loss of $69.9 million, or $1.14 per share, for the third quarter ended September 30, 2002, compared to net income of $44.2 million, or $.73 per share, in the same period last...
Oct 31 2002 // William Pollard, executive vice president and general manager of the North Carolina Farm Bureau Mutual Insurance Company was elected chairman of the Board of Governors of the National Association of Independent Insurers...
Oct 29 2002 // A.M. Best Co. has affirmed the financial strength ratings of A+ (Superior) for the Mercury Casualty Group (Los Angeles). Also, the financial strength ratings of A- (Excellent) of American Mercury Insurance Group (Oklahoma...
Oct 17 2002 // American Casualty Company of Reading, Pa., a subsidiary of CNA Insurance Group, recently filed a request for rate increase in Nevada.The increase, if granted, would be placed in effect on policies in the Medical...
Oct 16 2002 // Continental Casualty Company, a subsidiary of CNA Insurance Group, recently filed a request for rate increase in Nevada. The increase, if granted, would be placed in effect on policies in the Medical Professional Liability...