All the headlines from our Property Casualty Topic Page, ordered by recency.
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,...
Aug 3 2009 // Rolling Meadows, Ill.-based C. W. Olson and Co., an affiliate of the full-service insurance brokerage firm Associated Agencies Inc., promoted Matthew Meliker to executive vice president and in-house counsel.Meliker, a...
Aug 3 2009 // The Insurance Council of Texas recently presented William H. “Bill” Huff, vice president of Regulatory Affairs for Affirmative Insurance, with the Raymond Mauk Leadership Award. Huff is the 12th recipient of...
Aug 3 2009 // Insurance brokerage mergers and acquisitions in the second quarter of 2009 was nearly half of what is was during the second quarter of 2008. Just 39 transactions were announced from April through June compared to last year...
Aug 3 2009 // About This Report: The economy, soft market and industry consolidations continued to shake up the nation’s leading independent insurance agencies in 2008. Still, nearly half, or 45 percent, of the privately-owned...
Aug 3 2009 // Top 100 Privately-Held Property/Casualty Agencies Ranked by Total 2008 P/C Premium Written 2008 Rank Agency Name, Main Office 2008 P/C Premium Written 2007 P/C Premium % Premium Change 2008 Other than P/C Premium 2008 P/C...
Aug 3 2009 // The Hartford Financial Services Group Inc. appointed Juan Andrade, 43, president and chief operating officer of its Property and Casualty Operations, effective immediately. Andrade will continue to report directly to the...
Jul 31 2009 // The Hartford reported a second quarter 2009 net loss of $15 million compared with second quarter 2008 net income of $543 million. Even so, Ramani Ayer, chairman and chief executive officer of The Hartford, said the insurer...
Jul 30 2009 // During the recently completed 81st Legislative Session, the Texas legislature adopted the most significant reforms to the Texas Windstorm Insurance Association (TWIA) since 1997 with the passage of House Bill 4409 (HB...
Jul 27 2009 // Bailed-out insurer American International Group Inc. rebranded its property/ casualty business under the name Chartis Monday and said it would put the equity for the division into a separate company — key steps...
Jul 20 2009 // Results for the property/casualty industry over the next few years will be driven by the 2009 recession, mixed insurance premium pricing momentum, and modestly deteriorating underwriting results, according to a new...
Jul 20 2009 // The U.S. property/casualty industry’s net income fell 87 percent to $1.2 billion in the first three months of 2009, according to A.M. Best.“The year-over-year decline in earnings was due primarily to the severe...
Jul 20 2009 // During most of the past three years, the mergers and acquisitions (M&A) market for insurance agencies and brokerages has been marked by strong deal volume and soaring valuations. From 2006-2008, aggressive buyers were...