All the headlines from our Property Casualty Topic Page, ordered by recency.
Oct 28 2008 // Property/casualty insurers Travelers Cos. Inc. and Chubb Corp. said they do not need federal financial assistance and chided other insurers pushing to be included in the $700 billion bailout.“Most companies in the...
Oct 27 2008 // Best-of-Breed Solution Will Streamline Claims Operations, Enhance CommunicationHonolulu, HI – October 27, 2008 – BlueWave Technology™, a provider of property and casualty insurance solutions, today...
Oct 27 2008 // Commercial property/casualty premiums continued a downward slide during the third quarter of 2008, but there were suggestions the market decline may have leveled off, at least between July and September, for small and...
Oct 27 2008 // The nation’s seventh largest commercial lines insurer, CNA Financial Corp., reported a $331 million net loss for the third quarter chiefly due to catastrophe claims and investment losses and said it will receive...
Oct 27 2008 // Reserving for mortgage insurance and title insurance in an economic downturn and amid a stressed real estate market can present challenges for insurers and actuaries, attendees at the Casualty Loss Reserve Seminar were...
Oct 27 2008 // Following reports that the U.S Treasury is considering adding life, bond and mortgage insurance companies to its list of beneficiaries for some of the $700 billion federal bailout package, property/casualty insurers are...
Oct 24 2008 // Like many of its property/casualty competitors, Chubb Corp. saw its third quarter profit cut by investment losses and Hurricane Ike but the New Jersey-based insurer still emerged with $264 million in net income, $300...
Oct 22 2008 // The U.S. property/ casualty industry’s reported statutory surplus at the end of the third quarter is projected to decline as much as $42 billion, or 8 percent, from the beginning of the year, according to estimates...
Oct 21 2008 // Yates & Associates of Tustin, Calif., announced that Denise Plecas will be joining the underwriting department as underwriter/broker – new business P&C. Starting as a receptionist at Hull & Co. in...
Oct 21 2008 // The price tag of fraudulent property and casualty insurance claims nationally is about 10 percent of insured losses,” said Ron Williams, executive director of the Arizona Insurance Council. That was one figure that...
Oct 20 2008 // West Bend Mutual Insurance Company of Wisconsin (No. 1), Central Mutual Insurance (No. 2), Safety Insurance (No. 3), Frankenmuth Insurance (No. 4), and Selective Insurance (No. 5) earned the top five spots when it comes to...
Oct 20 2008 // From tornadoes, hail and flooding to the impact of the AIG bailout and the federal versus state regulation debate, Sean Dilweg has a lot on his plate as Wisconsin’s insurance commissioner. Appointed by Wisconsin...
Oct 20 2008 // Angelo Ganguzza, vice president of Boca Raton, Fla.-based LIG Insurance Agency and Kimberly Langston Gray, managing partner of Langston Insurance Agency in central Florida, accepted election to the Professional Insurance...
Oct 20 2008 // Darleen Madden has been elected president of the Independent Insurance Agents of Dallas (IIAD) for a term beginning Sept.1, 2008, through August 2009.Madden is co-owner of Glenn-Madden & Associates located in Dallas,...
Oct 20 2008 // Vita Sackville (1892-1962) was a British novelist and poet. In 1928, she wrote, “Growth is exciting; growth is dynamic and alarming.” Eighty years later, her description of growth is more accurate than ever....
Oct 6 2008 // The Texas Department of Insurance announced enforcement actions taken by Commissioner Mike Geeslin that became final during August resulted in four license revocations, three license denials and fines and restitution...
Oct 6 2008 // The U.S. property/casualty industry’s net income after taxes fell more than 50 percent to $15.9 billion in the first half of 2008 on a combination of deteriorating underwriting results and declining investment...
Oct 3 2008 // American International Group Inc. said it plans to keep its commercial property/ casualty and foreign general insurance businesses, while selling off some life insurance business and seeking alternatives for its securities...
Oct 1 2008 // The U.S. property/casualty insurance industry’s net income after taxes fell 57.4 percent to $13.9 billion in first-half 2008 from $32.7 billion in first-half 2007. The insurance industry’s overall profitability...
Sep 24 2008 // The U.S. property/casualty industry’s net income after taxes fell more than 50 percent to $15.9 billion in the first half of 2008 on a combination of deteriorating underwriting results and declining investment...