All the headlines from our Property Casualty Topic Page, ordered by recency.
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...
Aug 17 2009 // Kingstone Cos. Inc. has completed its conversion from an agency franchiser to a property/casualty insurance carrier, the company said.The Hewlett, N.Y.-based firm was spun out of the combination of DCAP Group Inc. with the...
Aug 17 2009 // Roy H. Williams is an author and marketing consultant. He is known for his Wizard of Ads trilogy. He founded the Wizard Academy Institute. Although he is credited with saying “Consequently, a young business often...
Aug 10 2009 // Enforcement actions taken by Texas Commissioner Mike Geeslin that became final during June included 18 license revocations, five license denials and fines and restitution totaling $441,318, the Texas Department of...
Aug 7 2009 // Allianz disappointed investors on Friday as its property/ casualty insurance business missed expectations even as improving financial markets helped group net profit rise by a fifth in the second quarter.Net profit at...
Aug 6 2009 // The Arkansas Insurance Department has posted directives on its Web site that detail compliance requirements for property casualty insurance providers in that state.The insurance department noted that while Arkansas state...
Aug 5 2009 // The Hartford Financial Services Group Inc. has named Robert Ingram senior vice president and chief information officer of its property and casualty operations’ information technology organization. He will focus on...
Aug 5 2009 // Swiss Re posted a surprise second-quarter net loss on Wednesday as charges on corporate bond hedges, securitized products and its own credit spreads ate up operating returns.Zurich-based Swiss Re said it made a net loss of...
Aug 4 2009 // Kentucky National Insurance Co., a Lexington-based property/ casualty insurance company, began offering insurance to customers in Tennessee June 1, 2009. Kentucky National is offering auto, homeowners, boat, renters,...