All the headlines from our Property Casualty Topic Page, ordered by recency.
Jan 6 2010 // After 30 years at Chubb Corp, Thomas Motamed joined Chicago-based commercial lines insurer CNA Financial in January 2009 as chairman and CEO. In this edited interview with Insurance Journal’s Andrew Simpson, Motamed...
Dec 30 2009 // Insurers contributed $30.1 billion to California’s gross state product in 2007, accounting for about 2 percent of the state’s gross domestic product, according to a new report written by the Insurance...
Dec 29 2009 // Once again, agents and brokers are wishing for a harder insurance market in the New Year. But while most agents hope for firmer insurance pricing in 2010, just slightly more than a quarter (26.9 percent) predict a harder...
Dec 22 2009 // Private U.S. property/casualty insurers’ net income after taxes rose to $16.2 billion through nine-months 2009, partially recovering from the 91.2 percent decline to $4.4 billion through nine-months 2008 from $49.6...
Dec 22 2009 // The move is consistent with Benmosche’s plan to rebuild AIG, as Chartis is seen as core to the insurer, the source said.AIG, which the U.S. government had to prop up with $180 billion in taxpayer funds, had earlier...
Dec 21 2009 // Both the policyholders of Farm Bureau Mutual Insurance Company and the Iowa Insurance Commissioner now have approved plans under which the company will be reorganized into a mutual holding company structure.The plan of...
Dec 21 2009 // A.M. Best Co. has affirmed the financial strength ratings (FSR) and issuer credit ratings (ICR) of most P/C life/health insurance subsidiaries of American International Group, Inc., as well as the ICR of “bbb”...
Dec 20 2009 // It’s the end of the decade that apparently has no name as yet, but that doesn’t stop those of us at Insurance Journal from looking back at the past 10 years and beyond for known and little-known insurance...
Dec 20 2009 // The insurance industry may not see a return to relative stability and certainty for a few years as it reacts to the effects of regulatory reform, increased government intervention and potential tax law changes in the...
Dec 20 2009 // Once again, agents and brokers are wishing for a harder insurance market in the New Year. But while most agents hope for firmer insurance pricing in 2010, just slightly more than a quarter (26.9 percent) predict a harder...
Dec 20 2009 // Large insurers AIG, Farmers and The Hartford made moves in 2009, as did large brokers Marsh, Aon, Willis, Gallagher, Brown & Brown, Hub and Wells Fargo. So, too, did, many regional insurers and Main Street agencies....
Dec 15 2009 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a+” of Swiss Reinsurance Company Ltd. and its subsidiaries. Best also affirmed...
Dec 10 2009 // Property, casualty and directors’ and officers’ (D&O) liability insurance rates will continue to stabilize in 2010, according to Aon Corp.’s U.S. Q3 ’09 Quarterly Market Overview.Highlights of...
Dec 7 2009 // A.M. Best Co. has revised its view of the U.S. property/casualty industry’s ultimate asbestos and environmental (A&E) losses downward to $117 billion from $121 billion. Asbestos exposures now are estimated at...
Dec 6 2009 // Monte Stringer, executive vice president with U.S. Risk Inc. in Dallas, has been elected president of the Texas Surplus Lines Association Inc. for the coming year. Stringer and other new officers and directors of the...
Dec 4 2009 // An insurance company has won a victory over one of its former West Virginia agents who claimed the insurer violated state antitrust law when it cancelled his contracts to sell its life and property/casualty insurance...
Dec 3 2009 // Insurance is one of the most important industries in the U.S. and other nations. This is not hyperbole; without insurance, we couldn’t enjoy much of the stuff to which we have grown accustomed: jobs, homes, cars or...
Nov 25 2009 // Boston-based insurance brokerage William Gallagher Associates (WGA) has named Jamie T. Balboni as the new head of its Property & Casualty Practice Balboni is a principal at the firm with over 25 years of experience in...
Nov 20 2009 // A.M. Best Co. has affirmed the financial strength ratings (FSR) and issuer credit ratings (ICR) of the P/C and life/health insurance subsidiaries of Assurant, Inc. Best also affirmed the ICR of “bbb” and debt...
Nov 18 2009 // In an open letter addressed to Barney Frank, the Chairman of the House of Representatives Committee on Financial Services, the largest U.S. insurance trade associations expressed their concerns over the recently passed...