All the headlines from our Property Casualty Topic Page, ordered by recency.
Oct 24 2012 // Amanda Pocius has joined as an account executive in insurance broker Lockton’s St. Louis, Mo., office. She will be responsible for client advocacy and new business development in property and casualty insurance for...
Oct 23 2012 // Florida regulators announced that two property insurance companies have been approved to take out up to 100,000 policies from the state-backed insurer in December, adding to the 210,000 policies already slated for removal...
Oct 22 2012 // The U.S. property/casualty industry’s underwriting and operating performance improved substantially in the first half of 2012 according to a special report by A.M. Best Co.Catastrophe losses, while remaining elevated...
Oct 10 2012 // The third-quarter earnings season is almost here. And analysts at research firm Keefe, Bruyette & Woods published their propety/casualty insurance earnings preview this morning.Overall, the analysts expressed optimism...
Oct 9 2012 // Despite catastrophic events in 2011, low investment yields and competitive pressures, surplus lines specialists — especially market leaders — generated healthy operating profits and returns on both revenue and...
Oct 8 2012 // An auto insurance company will pay close to $345,000 in restitution to Massachusetts consumers and an additional $50,000 to the state as the result of an investigation alleging that policyholders with clean driving records...
Oct 8 2012 // AmWINSNorth Carolina-based insurance wholesaler AmWINS Group Inc. has partnered with two insurance industry executives, Terry Younghanz and Richard Parks, to form a new managing general underwriter (MGU) focused on...
Oct 8 2012 // One result of an improving economy is increased demand for commercial insurance coverages.The economy is improving, slowly. And the property/casualty insurance industry is seeing growth, as well. Don’t take my word...
Oct 8 2012 // A report out late last month urges the insurance industry to act to protect itself and the community against the increasing frequency of extreme weather due to climate change.In short, the report, its authors and those...
Oct 8 2012 // Despite catastrophic events in 2011, low investment yields and competitive pressures, surplus lines specialists — especially market leaders — generated healthy operating profits and returns on both revenue and...
Oct 8 2012 // Florida’s state-backed property insurer is considering for the first time investing in private insurers to the tune of $350 million, with the hopes these insurers would then take on up to 300,000 of its policies. The...
Oct 5 2012 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of the property/casualty subsidiaries of the holding company, XL Group plc,...
Oct 4 2012 // U.S. property/casualty insurers’ net income after taxes jumped to $16.4 billion in first-half 2012 from $4.8 billion in first-half 2011, with insurers’ overall profitability as measured by their annualized rate...
Sep 28 2012 // A.M. Best Co. has affirmed the financial strength ratings (FSR) of ‘A-‘ (Excellent) and issuer credit ratings (ICR) of “a-” of the life/health and property/casualty operating subsidiaries of...
Sep 26 2012 // Ames & Gough, an insurance broker and risk management consultant specializing in serving design professionals, law firms and other professional organizations and consulting firms, appointed Amy Hotaling as vice...
Sep 24 2012 // An auto insurance company will pay close to $345,000 in restitution to Massachusetts consumers and an additional $50,000 to the state as the result of an investigation alleging that policyholders with clean driving records...
Sep 24 2012 // Cook, Hall & Hyde, Maran Corp. RiskTwo brokerages in the Metro New York region — Cook, Hall & Hyde and Maran Corporate Risk Associates — announced their intention to enter into a merger agreement. Cook, Hall...
Sep 24 2012 // CRC|Crump, Preferred BrokerageCRC|Crump has signed an agreement with Preferred Concepts in New York to acquire select assets of the company’s Preferred Brokerage business unit. Terms were not disclosed. J.C....
Sep 24 2012 // While insured losses in the United States from Hurricane Isaac likely will fall between $1 billion and $2 billion, according to some risk management experts, the storm’s impact will not severely impact the...
Sep 20 2012 // A report out Thursday urges the insurance industry to act to protect itself and the community against the increasing frequency of extreme weather due to climate change.In short, the report, its authors and those endorsing...