All the headlines from our Property Casualty Topic Page, ordered by recency.
Jun 4 2012 // The Demotech Company Classification System categorizes insurers into one of 11 categories based on an analysis of data reported by the companies to the National Association of Insurance Commissioners.The 11 categories that...
Jun 4 2012 // BenefitSpecialists, Higginbotham Insurance GroupHigginbotham Insurance Group and BenefitSpecialists announced the merger of their operations in Houston. BenefitSpecialists, an employee benefits broker in Houston, will...
Jun 4 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,...
Jun 4 2012 // This is the second article in a two-part series on general ledger accounting. Part one can be viewed online.Only a few years ago, general ledger (GL) accounting was considered adequate by the industry consultants and...
Jun 4 2012 // There’s a lot of talk in property/casualty insurance circles these days about how the industry is going to replace the huge wave of baby boomers that are beginning to retire and will continue to do so into the next...
Jun 1 2012 // Los Angeles, Calif.-based Poms & Associates Insurance Brokers Inc. named Chris Poveromo branch manager and senior vice president of property/casualty.Additionally, the firm named Mark Ulrich senior Vice president of...
May 31 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 30 2012 // Insurance agency consultant Chris Burand is launching a new blog on insurance agency errors and omissions (E&O) issues on InsuranceJournal.comIn Burand’s Agency E&O Blog, the consultant will share E&O...
May 23 2012 // In current practice insurance premium accounting is based on general ledger (GL) accounting. It is used by all agency management software applications: AMS, Applied Systems, etc., just to name a few. Developed more than...
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....