All the headlines from our Property Casualty Topic Page, ordered by recency.
Sep 1 2008 // Dale Simmon of the Simmon Insurance Agency in Lansing was recently named president of the Michigan Association of Insurance Agents (MAIA). The Michigan Association of Insurance Agents is a statewide trade group that...
Sep 1 2008 // Community Financial Insurance Center, Monroe, La., hired Jeanette F. Credo as senior vice president for its new Financial Institutions Division for the states of Louisiana, Alabama and Mississippi.Credo will establish and...
Sep 1 2008 // Surplus lines insurers continued to outperform the property/casualty industry in underwriting and operating performance in 2007 despite the softening market and more aggressive competition. Heightened competition along...
Aug 28 2008 // The U.S. property/casualty insurance industry reported mixed results in the first six months of 2008, according to a new Fitch report. Profitability declined due to poor investment performance and deteriorating...
Aug 27 2008 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A++’ (Superior) and issuer credit ratings (ICR) of “aa+” of General Re Group and its members. The ratings apply to General...
Aug 26 2008 // Surplus lines insurers continued to outperform the property/casualty industry in underwriting and operating performance in 2007, despite the softening market and more aggressive competition. Heightened competition along...
Aug 21 2008 // In Japan, agencies write 93 percent of P/C insurance.The Japanese property and casualty insurance market is ripe for opportunities, but there also are significant risks in the country, according to Keiji Fukasawa of Finrex...
Aug 21 2008 // Dallas-based wholesale insurance broker and managing general agent Towerstone Inc. has added four new members to its team.Cindy Downs was added as a senior underwriter in the firm’s MGA unit. Downs formerly was a...
Aug 21 2008 // W.R. Berkley Corp. named William M. Rohde Jr. president of Acadia Insurance Co., succeeding Bill Thornton, who now is chairman of Berkley Regional Specialty Insurance Co. Walter E. Stradley remains president of Berkley...
Aug 21 2008 // DeclarationsBundled Buying “Buyers who use insurance agents are also more likely to purchase bundled auto and homeowner insurance policies. … Despite this trend, insurance providers are steadily enhancing their...
Aug 21 2008 // The financial condition of the property/casualty industry is strong, and should be able to withstand the current price deterioration, according to a new industry study.“The outlook for the next three years –...
Aug 21 2008 // The financial condition of the property/casualty industry is strong, and should be able to withstand the current price deterioration, according to a new industry study. “The outlook for the next three years –...
Aug 21 2008 // An aerial photo shows a flooded area of downtown looking North over Cedar Rapids, Iowa, June 13, 2008. Interstate I-380 can be seen on the left while Mays Island, with Cedar Rapids City Hall, is seen on the right with its...
Aug 18 2008 // The U.S. insurance industry’s exposure to securities issued by Fannie Mae and Freddie Mac, two government-sponsored enterprises (GSEs) that aid liquidity in the mortgage market, is substantial for a handful of...
Aug 14 2008 // Standard & Poor’s Ratings Services revised its outlook on the U.S. commercial lines property/casualty insurance sector to negative from stable.Standard & Poor’s credit analyst John Iten explained that...
Aug 6 2008 // The Bermuda-based Max Capital Group Ltd. reported net income for the three months ended June 30, 2008, of $74.2 million, or $1.26 per fully diluted share, compared to net income of $94.1 million, or $1.45 per fully diluted...
Aug 5 2008 // Meadowbrook Insurance Group, Inc., a specialty property and casualty insurance holding company based in Southfield, Michigan, announced today that the merger of ProCentury Corporation, a Columbus, Ohio-based specialty...
Aug 4 2008 // Narragansett Bay Insurance Co. of Pawtucket, Rhode Island has named Mark Talerico chief risk officer.Talerico will oversee Narragansett’s distribution of risk in homeowners insurance, and guide the insurers exposure...
Aug 4 2008 // Top 100 Agency ProfileRanking: No. 8 Insurance Office of AmericaHeadquarters: Longwood, Fla. Year Founded: 1988 Additional Locations: 22 branch offices 2007 Total P/C Premium Volume: $662.5 million 2007 Other Than P/C...
Aug 4 2008 // U.S. property/casualty insurers are expected to pay homeowners and businesses an estimated $6.025 billion for second quarter property losses resulting from a total of 16 catastrophes in 27 states, which is nearly double...