All the headlines from our Property Casualty Topic Page, ordered by recency.
May 23 2012 // San Diego, CA, 05/23/12 – Tech-savvy young independent insurance agents are changing how the property/casualty insurance industry operates, a new survey reveals.Jason D. Cass, owner of the JDC Insurance Group based...
May 21 2012 // Like the economy, the workers’ compensation market has suffered in recent years. Results for 2011 were no better than 2010. The good news: results for the market were not worse either.The combined ratio held steady...
May 21 2012 // Despite the economic uncertainties, for the year ending Dec. 31, 2011, property/casualty insurance companies in total increased direct premium written (DPW) and overall premium growth to levels not seen since 2006. In...
May 21 2012 // Neace Lukens, Matrix BenefitsNeace Lukens has completed its acquisition of Matrix Benefits and Consulting Group, a Ft. Wayne, Ind.-based consulting firm. Matrix employees will report to the Neace Lukens Indianapolis office...
May 16 2012 // Selective Insurance Group today announced the following appointments by its subsidiary, Selective Insurance Company of America:Sarita Chakravarthi (Chesire, Conn.) to senior vice president, tax and assistant treasurer....
May 16 2012 // John Paulson, the hedge fund manager who has been pressuring The Harford to break itself apart to maximize shareholder value, appears satisfied with the insurer’s restructuring effort.Paulson’s hedge fund firm,...
May 16 2012 // As previously announced, Germany’s Allianz SE has had a successful start in 2012 with increases in overall revenues, operating profit and net income for the first quarter well above first-quarter 2011 levels. Allianz...
May 11 2012 // A.M. Best Co. has affirmed the financial strength ratings (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa” of the property/casualty subsidiaries of The Travelers Companies, Inc....
May 9 2012 // Once again, Insurance Journal is on the search for leading privately-held property casualty independent agencies and brokerages for its annual Top 100 Property/Casualty Independent Insurance Agencies report.Top Overall...
May 8 2012 // What would happen to the auto insurance industry if automobile safety improves to the point that vehicle collisions become relics of the past?That’s the question explored by global consulting and research firm,...
May 7 2012 // Worldwide Facilities, PrivettWorldwide Facilities, a Los Angeles-based independent surplus-lines broker and managing general agency, acquired assets of Privett Special Risk Services, a New York City-based wholesaler....
May 7 2012 // The current P/C insurance employment picture, much like the economic outlook, is mixed. Employers remain cautious about adding to payroll, but there are opportunities depending on the region of the country and job type....
May 7 2012 // In current practice, insurance premium accounting is based on general ledger (GL) accounting. It is used by all agency management software applications including AMS and Applied Systems just to name a few. Developed more...
May 7 2012 // The original criteria and objective definition for Super Regional P/C Insurersª was established in the Feb. 12, 2007, issue of Insurance Journal. Prior to the establishment of an industry-wide definition, a number of...
May 7 2012 // The current property/casualty market is not a “classic” hard market, yet anyway.While prices are clearly rising in certain lines including property and workers’ compensation, other conditions of a...
May 7 2012 // The current property/casualty market is not a “classic” hard market, not yet anyway.While prices are clearly rising in certain lines including property and workers’ compensation, other conditions of a...
May 4 2012 // A national advisory organization serving the U.S. property/casualty industry has named a new president.Edmund J. Kelly of Boulder, Col. was recently chosen president of the American Association of Insurance Services...
May 4 2012 // A.M. Best Co. has affirmed the issuer credit rating (ICR) of “bbb” and the unsecured debt and preferred equity ratings of Fairfax Financial Holdings Limited. Best also affirmed the financial strength rating...
May 3 2012 // The Hartford Financial Services Group Inc. said its 2012 first quarter net income declined 80.8 percent to $96 million, hurt by a $587 million net realized loss from runoff operations.The Hartford’s net income during...
May 3 2012 // A.M. Best Europe – Ratings Services Limited has upgraded the issuer credit ratings (ICR) to “a+” from “a” and affirmed the financial strength rating (FSR) of ‘A’ (Excellent) of French...