All the headlines from our Property Casualty Topic Page, ordered by recency.
Nov 20 2006 // The insurance industry’s excess and surplus lines (E&S) sector has experienced a pronounced reversal of position in the last 20 years. Once considered a mere adjunct, a safety valve for risks that were too hard...
Nov 19 2006 // Hurricane Catastrophe Fund1. Keep the current retention level but consider offering coverage below the retention level/attachment point (first layer of coverage) on a voluntary basis to all admitted companies participating...
Nov 19 2006 // Good people can make or break a company. In San Diego-based Barney & Barney’s case, it’s clearly made it; the company has been in business for nearly a century, thanks to people who have invested their...
Nov 19 2006 // The insurance industry’s excess and surplus lines (E&S) sector has experienced a pronounced reversal of position in the last 20 years. Once considered a mere adjunct, a safety valve for risks that were too hard...
Nov 15 2006 // Germany’s Hannover Re joined the expanding list of large reinsurers who are having a pretty good year due to the decline in natural catastrophes. The Group earned €380 million ($486 million) in the first six months...
Nov 14 2006 // Bermuda-based Max Re Capital Ltd. reported net income for the three months ended September 30, 2006 of $26.5 million, or $0.42 per diluted share, compared to a net loss of $44.2 million, or $0.96 per diluted share, for the...
Nov 10 2006 // Santa Ana, Calif.-based First American Property & Casualty Insurance Co. a member of The First American Corp. family of companies, announced that Jim Court, vice president and chief information officer of First...
Nov 6 2006 // There is continuing evidence that the skyrocketing insurance rates of 2000 to 2003 have led to record industry profits, but commercial insurance rates have stabilized or dropped in almost every sector, including medical...
Nov 5 2006 // There is continuing evidence that the skyrocketing insurance rates of 2000 to 2003 have led to record industry profits, but commercial insurance rates have stabilized or dropped in almost every sector, including medical...
Nov 2 2006 // France’ SCOR group announced that it has received the approval of the China Insurance Regulatory Commission (CIRC) for a reinsurance license in China “that will enable it to open a branch in Beijing with a view...
Oct 30 2006 // The Hartford Financial Services Group, Inc. reported record third quarter 2006 net income of $758 million, or $2.39 per diluted share — a sizable 41 percent boost over the same quarter last year.The Hartford’s core...
Oct 26 2006 // The latest insurance industry data show continuing evidence that the skyrocketing insurance rates of 2000 to 2003 have led to record industry profits but commercial insurance rates have stabilized or dropped in almost...
Oct 25 2006 // The parade of good third quarter results continues, with Bermuda’s largest insurer, ACE Limited, posting net income for the period of $578 million, compared to a $112 million loss in Q3 2005. Excluding capital losses...
Oct 25 2006 // Chicago-based Aon Corp. today announced that it has taken further steps to exit its property & casualty underwriting business by signing a letter of intent for the sale of its Construction Program Group (CPG). Aon...
Oct 23 2006 // The Society of Chartered Property Casualty Underwriters elected new officers and governors. They are: President Betsey L. Brewer, senior vice president of The Rule Co. in Pasadena, Calif. President-Elect James L. Britt,...
Oct 23 2006 // Identity-related fraud is a virulent crime, with 3.5 times the aggregate losses of all property crimes, such as burglary, larceny and vehicle theft, reported last year. In today’s technology- information-driven...
Oct 23 2006 // The U.S. property/casualty insurance industry’s net income after taxes fell 9.3 percent to $28.3 billion in first-half 2006 from $31.2 billion in first-half 2005 as investment results deteriorated. Reflecting the...
Oct 23 2006 // It’s a problem many brokers face: clients love our property casualty risk management products and services, but have we given them all they need? What else can we do for them?An employee benefits program offers an...
Oct 2 2006 // The U.S. property/casualty insurance industry’s net income after taxes fell 9.3 percent to $28.3 billion in first-half 2006 from $31.2 billion in first-half 2005 as investment results deteriorated. Reflecting the...
Oct 1 2006 // Continuing in its acquisitions mode, insurance agency Brown & Brown Inc., through its subsidiaries Hull & Co. Inc., and Program Management Services Inc., has acquired the assets of a key wholesaler located in the...