All the headlines from our Casualty Topic Page, ordered by recency.
May 21 2001 // The Internet delivery of property and casualty insurance products and services is approaching the mainstream, according to a consumer research study released by Gomez Inc., an Internet quality measurement firm. The study...
May 21 2001 // The property/casualty industry may be facing a surge in asbestos claims that could cumulatively cost the industry as much as $65 billion. This new estimate of ultimate asbestos-related losses is nearly two-thirds higher...
May 17 2001 // Standard & Poor’s (S&P) affirmed all outstanding interactive ratings on Lumbermens Mutual Casualty Cos. (the Kemper Insurance Cos., collectively Kemper). The outlook is stable. According to S&P, Kemper...
May 14 2001 // The Insurance Council of Texas will hold its annual meeting along with a property and casualty insurance symposium June 27-28 in Austin. Member company representatives are encouraged to attend the annual meeting and the...
May 13 2001 // Agents have faced the problem ever since insurance companies first introduced applications. Each company had its own form, so the agent who wanted to submit the same account to several underwriters had to write the same...
May 11 2001 // Acceptance Insurance Companies Inc., an insurance holding company providing agricultural risk management products and services throughout the U.S., agreed to sell two wholly owned insurance companies to McM Corporation, a...
May 9 2001 // Standard & Poor’s (S&P) lowered its “BBB+” counterparty credit and financial strength ratings on American Fire & Casualty Co., Ohio Casualty Insurance Co., Ohio Security Insurance Co., and...
May 7 2001 // The “Api” FSR on General Casualty of Wisconsin was affirmed by S&P. The rating action also applies to the company’s related pool members: Regent Ins. Co.; General Casualty of Illinois; Hoosier Ins....
Apr 19 2001 // Ohio Casualty Corporation, the holding company of the Ohio Casualty Insurance Company, appointed Stanley Pontius to replace its retiring chairman, William Woodall. Pontius, a director of Ohio Casualty for over six years,...
Apr 16 2001 // According to a new A.M. Best Co. report, property/casualty results for the fourth quarter and the full year 2000 continued to weaken as the effects of the prolonged soft market overshadowed the benefits of price firming....
Apr 12 2001 // American National Insurance Company (American National) and Farm Family Holdings Inc. (Farm Family ) announced that American National had completed its acquisition of Farm Family, a transaction valued at approximately $280...
Apr 9 2001 // Officials of Sun Prairie, Wis.-based General Casualty Insurance Companies announced the acquisition of Blue Ridge Insurance Company, headquartered in Simsbury, Conn. With this acquisition, Blue Ridge became General...
Apr 9 2001 // The “BBBpi” FSR on Newport Beach, Calif.-based Sterling Casualty Insurance Co. was affirmed by Standard & Poor’s (S&P). Cited as major rating factors were the company’s high common stock...
Mar 5 2001 // It’s been called “the Titanic of all insolvencies”—on Dec. 3, 1985, Transit Casualty Company, domiciled in Missouri, was declared insolvent by the Cole County Circuit Court. During the late ’80s,...
Feb 16 2001 // The property/casualty industry could return capital to its stakeholders without risking rating downgrades or insolvency, according to A.M. Best Company, which is conducting an ongoing analysis of risk-adjusted...
Feb 12 2001 // The “BBBpi” financial strength rating (FSR) on Northwestern National Casualty Co. (NNCC) was affirmed by S&P. The company primarily underwrites automobile damage and liability coverage for the commercial...
Jan 15 2001 // A total of 26 percent of all banks nationwide are selling small business property and casualty lines of insurance, and 23 percent plan to do so within the next two years, according to a recent survey. The survey also shows...
Jan 9 2001 // American International Group division AIG Excess Casualty has introduced AIG e-Excess, a new web-based system providing eligible brokers with the ability to receive quote and bind select commercial umbrella coverages...
Jan 4 2001 // A total of 26 percent of all banks nationwide are selling small business property and casualty lines of insurance and 23 percent plan to do so within the next two years, according to a recent survey. The survey also shows...
Dec 6 2000 // Over the past decade, the U.S. property/casualty insurance industry’s excess capital position has grown dramatically due to slower premium growth, better risk management techniques and significant surplus gains. This...