All the headlines from our Property Casualty Topic Page, ordered by recency.
Nov 4 2007 // Stock Prices: Commercial property/casualty insurer stocks have been relatively flat through the third quarter of 2007. Chubb Corp. (NYSE:CB) had the largest gains for the year, up a modest 3 percent.M&A Activity: The...
Nov 1 2007 // Lockton Companies LLC has named Frank Scardino as president of the company’s Dallas property and casualty operation. In his new position, Scardino is responsible for setting the vision and long-term strategies for...
Oct 30 2007 // Enforcement actions taken by Texas Insurance Commissioner Mike Geeslin that became final during September 2007 include 12 license revocations, three license denials and fines and restitution totaling $375,983, the Texas...
Oct 29 2007 // Managing general agent and surplus line boker Trans Cal Associates announced the expansion of it underwriting staff. Sarah Lemons was promoted to commercial lines underwriter in Trans Cal’s Commercial Transportation...
Oct 27 2007 // Kyle Stevens was elected the new president and chief executive officer of Western Security Surplus Insurance Brokers, a wholesale broker and managing general agency with offices in California and Texas.Stevens has served...
Oct 27 2007 // According to Gail Sheehy, growth demands a temporary surrender of security. Although it is unlikely she was speaking of property and casualty insurance industry marketshare when she made this comment, it seems to me that...
Oct 23 2007 // Mich.-based North Pointe Holdings Corp. announced Monday that it has signed an agreement for the sale of its Home Pointe Insurance Co. subsidiary, which comprises North Pointe’s Florida homeowners and dwelling fire...
Oct 12 2007 // The Texas Department of Insurance enforcement actions that became final during August 2007 include five license revocations, a license denial, and fines and restitution totaling $205,428, the department reported.An order...
Oct 11 2007 // U.S. property/casualty insurers are expected to pay homeowners and businesses an estimated $1.125 billion for third-quarter property losses resulting from a total of six catastrophes in 11 states, according to preliminary...
Oct 11 2007 // Rep. Larry Taylor (Friendswood), an insurance agent, was appointed by Texas House of Representatives Speaker Tom Craddick to the Property Casualty Insurance Legislative Oversight Committee. Rep. Senfronia Thompson...
Oct 10 2007 // Munich Re announced a new long-term “profitable growth strategy” aimed at increasing its share of both direct and broker reinsurance, as well as primary insurance, in the U.S. P/C market. The Group writes more...
Oct 5 2007 // Pennsylvania-based Harleysville Life Insurance Co. says it sees great opportunity—and a natural market connection—for developing employee benefits programs through the commercial lines business generated by the...
Oct 3 2007 // Starr International Co. Inc. announced its U.S. subsidiary, Starr International USA Inc. (SICO USA), acquired Republic Insurance Co. from Columbia Insurance Co., a member of Warren Buffett’s Berkshire Hathaway...
Oct 2 2007 // Companies will have an easier time searching a database for property/casualty products. The Minnesota Department of Commerce Commissioner Glenn Wilson announced on Friday, Sept.28th that the department has launched its...
Oct 1 2007 // Will increased competition and lower pricing lead U.S. property/casualty insurers to skimp on reserves? Not according to a report published by Standard & Poor’s Ratings Services.The article, “For U.S....
Sep 28 2007 // More than $1 million was recovered on behalf of consumers by the Connecticut Insurance Department’s Consumer Affairs Division during the second quarter, according to Insurance Commissioner Thomas R. Sullivan.The bulk...
Sep 25 2007 // Dublin-based Research and Markets has added Datamonitor’s new report: “Global Non-life Insurance” to their offering.R&M said its “Global Non-life Insurance industry profile is an essential...
Sep 25 2007 // The U.S. property/casualty insurance industry’s overall profitability as measured by its annualized rate of return on average policyholders’ surplus (or statutory net worth) slipped to 13.1 percent in...
Sep 24 2007 // With $7.3 billion in premium, Liberty Mutual Agency Markets becomes the largest regional independent agency forceBoston-based insurance giant Liberty Mutual Group is now the largest regional provider of property and...
Sep 24 2007 // Executives more optimistic about life/health insurance than property/casualty sectorInsurance executives expect to see a significant increase in mergers and acquisitions in the next 12 months, according to a survey...