All the headlines from our Property Casualty Topic Page, ordered by recency.
May 17 2011 // Chicago-based Mesirow Financial announced that its Insurance Services Division will be led by a newly formed Insurance Management Committee (IMC).The IMC has named Norman Malter president of the Insurance Division, John...
May 17 2011 // There is “growing pressure” to support increased rates in property/casualty insurance and reinsurance markets, rating agency A.M. Best has concluded in its most recent market analysis.As a consequence, Best...
May 16 2011 // The U.S. property/casualty (P/C) industry took a beating from record first quarter 2011 catastrophe losses, and recent earnings announcements from global reinsurers illustrate the damage those losses did to earnings and...
May 16 2011 // The original criteria and objective definition for Super Regional P/C Insurers™ was established in the Feb. 12, 2007 issue of Insurance Journal. Prior to the establishment of an industry-wide definition, a number of...
May 16 2011 // Commercial property/casualty pricing declined again with an average decline of 3 percent in the first quarter of 2011. But according to a new industry survey, the pace of pricing declines may be slowing down.The market...
May 16 2011 // Rich Poirier, a 20-year insurance industry veteran, was named vice president of claims at Church Mutual Insurance Co. Poirier previously served in senior staff roles at Liberty Mutual Agency Markets Corp. and Wausau...
May 16 2011 // Alphabetical listing Acuity a Mutual Insurance Co. AIU Insurance Co. Alaska National Insurance Co. American Commerce Insurance Co. American Family Mutual Insurance Co. American Hallmark Insurance Co. of TX American...
May 13 2011 // A.M. Best Co. has revised the outlook to negative from stable and affirmed the financial strength rating (FSR) of A (Excellent) and issuer credit ratings (ICR) of “a” of The Motorists Insurance Pool (Motorists...
May 11 2011 // The European insurance industry is becoming increasingly aware that the Solvency II regulations, which are scheduled to take effect as of January 1, 2013, will not only impose a different set of rules for the industry, but...
May 10 2011 // Property/casualty insurers appear to be in no rush to adopt a controversial revised catastrophe model that dramatically raises certain estimates of potential hurricane losses in the country.California-based modeling firm...
May 10 2011 // The majority of the 11 financially impaired property/casualty companies in 2010 got into trouble primarily due to deficient loss reserves and inadequate pricing.None of the 2010 impairments were directly attributable to...
May 10 2011 // United Insurance Holdings Corp’s., a property and casualty insurance holding company, homeowners, dwelling fire, and flood products will now be sold by agents from GreatFlorida Insurance, a privately held,...
May 6 2011 // Kansas Commissioner of Insurance Sandy Praeger named department veteran Jim Newins as the new Property and Casualty Division Director at the Kansas Insurance Department (KID). Newins began working for KID in 1988 as an...
May 5 2011 // Swiss Re has estimated that its first quarter P&C pre-tax catastrophe losses exceed $2.3 billion, resulting in the $1.233 billion operating loss in this sector given above. Swiss Re’s earnings bulletin pointed...
May 4 2011 // J.M. Wilson, a managing general agency based in Kansas City, Mo., has added Ariynna Garrison in Kansas City as property and casualty underwriter. Garrison is responsible for quoting new and renewal accounts for a wide...
May 4 2011 // Commercial property/casualty pricing declined again with an average decline 3 percent in the first quarter of 2011. But according to a new industry survey, the pace of pricing declines may be slowing down.The market showed...
May 3 2011 // Ohio-based Cincinnati Financial Corp. reported first quarter 2011 net income of $62 million compared with $68 million for the same period in 2010. Operating income came in at $55 million compared with $63 million during...
May 2 2011 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of Harleysville Insurance and its property/casualty pooling members,...
May 2 2011 // Most commercial lines insurance prices continued their downward trend in the first quarter, as underwriters’ efforts to hold the line on premiums buckled under the pressure of a highly overcapitalized market.Three of...
May 2 2011 // The property/casualty insurance industry can expect premium growth of between 3 and 4 percent in 2011, and about 5 percent for the following two years, according to a forecast from analysts at Conning Research &...