All the headlines from our Property Casualty Topic Page, ordered by recency.
Oct 22 2009 // Economists have declared the Great Recession over, but its lingering effects will continue to chip away at commercial property/ casualty premiums through 2010, according to insurance experts.A new Advisen Ltd. briefing...
Oct 21 2009 // AmTrust Financial Services, Inc. is making an investment in American Capital Acquisition Corp. in connection with the acquisition by ACAC of GMAC’s U.S. consumer property/ casualty insurance business.AmTrust said it...
Oct 19 2009 // In December, 2008, Kevin Kelley left Lexington Insurance Co., the largest excess and surplus lines insurance company, after more than 30 years during which he helped the company become one of parent American International...
Oct 19 2009 // Deal making wasn’t at the top of the list of summer activities this season, but deal vacation was. Third quarter merger and acquisition (M&A) activity continued declining to just 30 announced transactions between...
Oct 15 2009 // Despite tough economic times, salary budgets within the property/casualty insurance industry appear to be holding steady, according to a new study from an insurer trade group.According to the Property Casualty Insurers...
Oct 14 2009 // Rockwood Programs, Inc. says it has reduced the minimum premiums for its Property/Casualty Agents Errors & Omissions (E&O) product. Premiums now start at $1,250 for agents generating less than $100,000 in...
Oct 8 2009 // Verisk Analytics Inc., an insurance services firm that owns ISO and is partly owned by Warren Buffett’s Berkshire Hathaway, soared in its first day of trading Wednesday, and stirred hopes that the appetite for such...
Oct 8 2009 // Eagan Insurance Agency, based in Metairie, La., has added six insurance professionals to its staff.Joining the family business are Andrew Eagan and David Strassel, both members of the fifth generation of the Eagan family...
Oct 5 2009 // In December 2008, Kevin Kelley left Lexington Insurance Co., the largest excess and surplus lines insurance company, after more than 30 years during which he helped the company become one of parent American International...
Sep 30 2009 // Planned information technology (IT) spending by property/casualty insurance companies increased 1.6 percent from 2008 to 2009, according to researchers.The planned increase in spending from 2009 to 2010 will only be around...
Sep 30 2009 // Ironshore Inc. will be expanding its distribution network by establishing regional offices throughout the United States.Steven England has been appointed executive vice president of Ironshore Insurance Services,...
Sep 28 2009 // Private U.S. property/casualty insurers’ net income after taxes fell 59.3 percent to $5.8 billion in first-half 2009 from $14.1 billion in first-half 2008. Insurers’ overall profitability as measured by their...
Sep 25 2009 // The ACE European Group has announced a new operating structure in the UK and Ireland with the creation of two distinct business segments, a new senior regional management structure and the launch of a suite of cross-class...
Sep 23 2009 // U.S. Treasury Secretary Timothy Geithner argued forcefully Wednesday for creating a government watchdog for financial consumers, while giving cautious support to paring back its scope.Amid stiff resistance by banks and...
Sep 23 2009 // Home, auto and business insurers did not cause the current financial crisis, do not present systemic risk, and are already regulated effectively, a group of them is telling federal lawmakers looking at expanding financial...
Sep 17 2009 // The board of Farm Bureau Mutual Insurance Co. in West Des Moines, Iowa, has approved a plan to reorganize into a mutual holding company structure.The plan is subject to approvals by the Iowa Insurance Commissioner and the...
Sep 9 2009 // Property/casualty insurance companies report that the number of claims suspected of possible fraud has jumped 13 percent for the first half of this year compared to last year’s first six months.A review of suspicious...
Sep 7 2009 // ProMutual ProMutual Group has promoted José R. “Joe” Zorola to vice president of underwriting. Zorola previously served as director of underwriting for the Boston-based medical liability insurer. In this new...
Aug 31 2009 // Property/casualty insurer Ironshore Inc. in Bermuda has completed an equity capital deal that will raise $300 million to support the continued expansion of Ironshore’s specialty insurance business.Lead investors in...
Aug 21 2009 // The Hartford Financial Services Group, Inc. (NYSE: HIG) announced today that the company has promotedMichael Concannon, 47, has been promoted to executive vice president of The Hartford Financial Services Group’s...