All the headlines from our Property Casualty Topic Page, ordered by recency.
May 2 2011 // Top 100 Agency Profile Rank: No. 18* Agency Name: Moreton & Co. Main Office: Salt Lake City, Utah Additional Locations: Sandy, Utah; Boise, Idaho; Denver, Colo.; Johnson, R.I. Year Founded: 1910 No. of Employees:...
Apr 26 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...
Apr 25 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 &...
Apr 20 2011 // U.S. property/casualty insurers’ net income after taxes rose to $34.7 billion in 2010 from $28.7 billion the year before, with insurers’ rate of return on average policyholders’ surplus increasing to 6.5...
Apr 20 2011 // While lobbyists see few direct threats to the property/casualty insurance industry in the current Congress, P/C insurers have been advised to remain vigilant because several issues that could have a spillover effect on...
Apr 19 2011 // Allied World U.S. has expanded its property & casualty (P&C) operations with the launch of a new inland marine division. The division will target all filed and non‐filed classes of inland marine business in the...
Apr 19 2011 // Keystone Insurers Group is expanding its presence in Tennessee by teaming up with four new franchise partners.E.B. Thom & Sons, McIntire & Associates Insurance Inc., Porch-Stribling-Webb Inc. and Art E. Gernt have...
Apr 19 2011 // Denver, April 19 2011 – Premier Group Insurance, Inc. announced today the further expansion of its agency Property & Casualty group of more than 100 licensed agents into additional targeted states in the West....
Apr 14 2011 // Catastrophe models are a great risk management tool for property/casualty insurers but even the person who created the first one is worried that they are being given more credit and influence than they deserve.Karen Clark...
Apr 12 2011 // The federal health reform enacted last year will bring short- and long-term challenges to employers and the property/casualty insurance industry.According to Harry Shuford, chief economist for the insurance...
Apr 12 2011 // The economy is recovering, but not enough to overcome a persistent soft market and spark robust premium growth, a new report from Advisen Ltd. says.As a result, property/casualty insurers will increasingly view...
Apr 12 2011 // A.M. Best Co. has revised the outlook to stable from negative and affirmed the issuer credit rating (ICR) of “bbb+” of The Hartford Financial Services Group, Inc.A.M. Best also has affirmed the financial...
Apr 11 2011 // The leveling off of the world’s oil supply and the resulting rising gasoline prices and their economic impact carry implications for property/casualty insurance rates.Oil spikes have been known to precede recessions,...
Apr 6 2011 // Reinsurance rates may be edging higher only now, but the companies’ shares could still surge amid investor hopes that disasters, including Japan’s earthquake, will result in much higher rates in the...
Apr 6 2011 // Reinsurance rates may be edging higher only now, but the companies’ shares could still surge amid investor hopes that disasters, including Japan’s earthquake, will result in much higher rates in the...
Apr 4 2011 // Ohio-based Westfield Insurance promoted Joseph C. Kohmann to group finance leader (CFO) and treasurer. He replaces Robert Krisowaty, who retires with more than 10 years of service.In July 2010 Kohmann assumed the position...
Apr 4 2011 // Novato, Calif.-based Fireman’s Fund Insurance Co. added Christian Kortebein as senior vice president and chief actuary. He will report to the chief financial officer and be responsible for setting direction and...
Apr 4 2011 // The Obama administration named Michael McRaith to head the new Federal Insurance Office. McRaith, currently the head of the Illinois Department of Insurance, will run the Federal Insurance Office set up under 2010’s...
Apr 1 2011 // A wave of new product offerings is jeopardizing the property/casualty insurance industry’s image as uncool.Since the beginning of the year, dozens of property/casualty insurers have announced innovative protections...
Mar 31 2011 // American International Group, Inc. (AIG) today announced a reorganization of Chartis, its global property/casualty business, and named a new management team, including a new chief executive officer, Peter D. Hancock,...