All the headlines from our Property Casualty Topic Page, ordered by recency.
Sep 19 2011 // XL Insurance has made six key appointments to its North America Construction team. The latest additions to XL Insurance’s North America construction team include:Lawrence Lejfer — Vice president and senior...
Sep 12 2011 // In terms of global underwriting volatility, the property insurance market remains substantially more volatile than other major lines. In Germany and Spain property is nearly twice as volatile as motor, the most stable...
Sep 6 2011 // Aran Insurance Services Group’s property and casualty subsidiary MiniCo Insurance Agency, LLC, will offer specialty insurance programs in Canada through its new affiliate, MiniCo Insurance Agency of Canada, Inc....
Sep 6 2011 // The Texas Department of Insurance enforcement actions that became final during July 2011 include two license revocations, one license denial and fines and restitution totaling $391,308.An order imposing disciplinary...
Sep 6 2011 // Boston-based broker and service provider William Gallagher Associates (WGA) announced that David Bardelli has joined the firm as a senior vice president in the property/casualty practice. He will serve as the new casualty...
Sep 5 2011 // Top 100 Agency Profile Rank: No. 15 Agency Name: INSURICA Insurance Management Network Main Office: Oklahoma City, Okla. Additional Locations: 26 Year Founded: 1959 Total No. of Employees: 244 employees at the end of 2010;...
Aug 31 2011 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa-” of Minneapolis-based RiverSource Life Insurance Company and its wholly...
Aug 29 2011 // Hurricane Irene caused $3 billion to $6 billion in insured losses, catastrophe modeling company AIR Worldwide said Monday, affirming the insurance industry’s suspicion the impact was not as bad as feared.In the days...
Aug 29 2011 // A.M. Best has begun an assessment of the potential financial impact Hurricane Irene’s passage through the Caribbean and up the East coast of the U.S. might have on the property/casualty industry in the U.S.,...
Aug 17 2011 // Enforcement actions taken by the Texas Department of Insurance that became final during June 2011 include seven license revocations, two license denials, and fines and restitution totaling $285,521.An order imposing...
Aug 15 2011 // Since the beginning of the year, dozens of property/casualty insurers have announced innovative protections for risks involving new technologies, current economic concerns, personal and family relationships, home-based...
Aug 15 2011 // Nobody has time to issue a press release about it but the property/casualty insurance industry is in the middle of a public relations catastrophe. The industry’s PR machine just can’t seem to get people buzzing...
Aug 15 2011 // Critics have for years complained that the U.S. property/casualty insurance industry’s employment picture does not reflect the diversity of America.A new report from the Employment Equality Office (EEO) confirms...
Aug 15 2011 // The property/casualty insurance industry reported unexpectedly robust profits in the latest quarter, surpassing all estimates of Wall Street analysts. Gross profits were up more than $50 billion, which meant tax revenues...
Aug 10 2011 // Continuing economic weakness in Europe and the debt crisis in the United States have elevated the risk profile of U.S. insurers, stirring insurance rating agency A.M. Best to stress test insurers for how they might be...
Aug 8 2011 // Profitability soared by 49 percent and policyholder dividends were up 73 percent for captive insurance entities followed by rating analysts at A.M. Best in 2010.According to an A.M. Best special report, captives’...
Aug 4 2011 // As it warned earlier, Hartford Financial Services Group saw its profit fall in the second quarter due to large catastrophe losses and a charge to increase asbestos reserves.Overall, The Hartford reported a net profit of...
Aug 4 2011 // Swiss Re reported Group net income increased by 18 percent to $960 million in the second quarter of 2011, compared to $812 million in the same period of 2010. “All segments contributed to these positive results,...
Aug 1 2011 // As they watched Congress struggle to put a debt deal in place by Aug. 2, U.S. insurers worried about their companies’ portfolios, short- and long-term interest rates and a decline in equity markets.The leading...
Aug 1 2011 // It’s that time of year again, when the nation’s leading privately held independent insurance agencies are put in the spotlight. Welcome to Insurance Journal‘s exclusive Top 100 Independent...