All the headlines from our Property Casualty Topic Page, ordered by recency.
Dec 27 2011 // Private U.S. property/casualty insurers’ net losses on underwriting grew to $34.9 billion in nine-months 2011 from $6.3 billion in nine-months 2010. The combined ratio deteriorated to 109.9 percent for nine-months...
Dec 16 2011 // Have you ever wondered how modern-day fire departments began? Or why agents buy E&O coverage? What about when the first business owners policy launched? These are just a few questions that Insurance Journal and Claims...
Dec 16 2011 // Agency owners have a lot to protect. Of course, first and foremost they must protect their clients.But they must also protect their book of business. They must protect their relationships. They must protect their...
Dec 16 2011 // There’s more innovation in property/casualty insurance than people think.A new Swiss Re report explores why the industry is not known for its innovation and concludes it’s because much of the innovation is...
Dec 15 2011 // Fitch Ratings said in its new 2012 outlook report that the P/C insurers’ capital position remains strong. It observed that most P/C insurers have sufficient capital to manage through significant future adversity.The...
Dec 15 2011 // A new consumer advocacy report is accusing P/C insurers of ‘colluding’ and needlessly raising commercial insurance rates at a time when U.S. businesses are still reeling from the slow economy.The report,...
Dec 15 2011 // W. R. Berkley promoted William Rohde as a senior vice president of the company. Previously he was president of Acadia Insurance Company, W. R. Berkley’s regional operating unit based in Westbrook, Maine.In his new...
Dec 15 2011 // The Liberty Mutual Group announced that its provincial branch in Guangzhou, Guangdong Province in China has “commenced operations and issued its first insurance policy on December 2, 2011.”Liberty received the...
Dec 13 2011 // As 2011 winds down, Canadian property and casualty (P&C) insurers can “list some notable lows and highs during the year, including unusually large catastrophe losses from wildfires in Slave Lake, Alta., and...
Dec 9 2011 // Property/casualty insurance is noted for the sharp rise and fall of its rates – the underwriting cycle. As actuaries have developed more sophisticated statistical and computer models to help understand complex insurance...
Dec 7 2011 // Property/casualty insurers lost 900 jobs overall in October, according to latest government data. But insurers in other segments did better. Life insurer employment was up by 1,400. Employment at medical expense insurers...
Dec 6 2011 // William Gallagher Associates, a broker and risk management services provider, promoted Paula Cabral, Karen Cangemi and Meredith McCabe to the position of senior vice president. The brokerage firm also promoted Brendan...
Dec 6 2011 // A new sigma report, “Product innovation in non-life insurance,” from Swiss Re underscores the conclusion that there’s “much more to innovation in non-life insurance than people think.” In...
Dec 5 2011 // Catastrophe-related losses experienced by the U.S. property/casualty (P/C) industry through the first nine months of 2011 have nearly doubled total year-end 2010 losses, according to the latest estimates from A.M. Best...
Dec 5 2011 // Aon Risk Solutions, the risk management business of Aon Corp, announced the appointment of Mark R. Parker to the position of Director in Aon’s London Global Broking Center’s, International Property and Casualty...
Dec 5 2011 // Aon Benfield, the global reinsurance intermediary and capital advisor of Aon Corp., has launched its China Property & Casualty Insurance and Reinsurance Market Report, which,” it said “reveals the...
Dec 5 2011 // Property/casualty insurance companies saw their income plummeting significantly in the latest earnings season. Moody’s Investors Service says a group of 23 publicly traded P/C insurers it rates had a whopping 70...
Dec 5 2011 // Top 100 Agency Profile Agency Name: Confie Seguros, trading under Freeway Insurance Headquarters: New York, N.Y. Year Founded: 2008 Additional Locations: California, Arizona, Washington, Oregon, Texas, New York, New...
Dec 2 2011 // Maryland Insurance Administration will hold a two-day quasi-legislative public hearing, on Dec. 13 and 14, to discuss the availability and affordability for personal and commercial P/C insurance in coastal areas.Several...
Nov 29 2011 // California’s a $1.9 trillion economy gets a multi-billion dollar boost from the property/casualty insurance industry, according to a report from the Insurance Information Institute issued Tuesday.In 2009, insurers...