All the headlines from our Property Casualty Topic Page, ordered by recency.
Jun 19 2006 // The integration of the U.S. insurance market and global financial market will have a profound impact on business, according to Dave Zwiener, president and chief operating officer of Property and Casualty Operations for The...
Jun 16 2006 // Irving, Texas – A new Property and Casualty insurer, Homeowners of America Insurance Company, has opened in Irving, Texas. Homeowners is a Texas company specializing in protecting residential property for Texans.In...
Jun 14 2006 // This time around the AXA Group and Credit Suisse lost no time in coming to an agreement to sell Winterthur, the Swiss bank’s insurance division, to the French insurer for CHF 12.3 billion (around $10 billion –...
Jun 14 2006 // A.M. Best Co. has affirmed the financial strength ratings (FSR) of several of AXA Canada Inc.’s property/casualty insurance subsidiaries, as follows: the FSR of “A” (Excellent) of AXA Assurances Inc....
Jun 12 2006 // U.S. commercial real estate (CRE) values in coastal areas, and in particular smaller multifamily properties, may suffer as insurance companies reduce loss exposure to hurricane-prone areas by increasing premiums, raising...
Jun 6 2006 // The hurricane party mentality is gone, replaced by hurricane stress, Rep. Leslie Waters, R-Pinellas, told the Florida Suncoast Chapter of the Chartered Property and Casualty Underwriters at the group’s June 5 meeting...
Jun 5 2006 // USAA significantly outperformed its rivals in the property and casualty insurance category, according to a new Luxury Customer Experience Index survey (LCEI) from the New York-based Luxury Insti-tute, an independent...
Jun 5 2006 // The last 24 months have been traumatic for the insurance industry, but the profit picture for 2006 is quite good in the industry overall, Robert P. Hartwig, Insurance Information Institute senior vice president and chief...
Jun 5 2006 // USAA significantly outperformed its rivals in the property and casualty insurance category, according to a new Luxury Customer Experience Index survey (LCEI) from the New York-based Luxury Insti-tute, an independent...
Jun 2 2006 // The Hartford Financial Services Group, Inc. has selected Juan C. Andrade to be executive vice president and head of the Property and Casualty Operations’ claims organization.Andrade, who is currently the deputy head...
Jun 2 2006 // Crump Insurance Services of Houston Inc. announced the opening of a new branch office in Austin, Texas. Crump Austin will provide specialized insurance programs for high hazard businesses nationwide.The Austin team,...
Jun 1 2006 // Bermuda- based Max Re Capital Ltd. has released its delayed results for the first quarter of 2006, which show net income of $72.9 million, or $1.15 per diluted share, compared to $37.7 million, or 75 cents per diluted...
Jun 1 2006 // Standard & Poor’s Ratings Services has revised its outlook on Hanover Insurance Group Inc. and its operating company subsidiaries to positive from stable.At the same time, Standard & Poor’s affirmed...
May 30 2006 // Cycle management is the key driver of property/casualty insurance company investment strategies today, according to a new study by Conning Research and Consulting, Inc.“Regardless of size or underwriting focus, P/C...
May 26 2006 // Texas-based property and casualty brokerage firm National Insurance Partners (NIP) announced the launch of an acquisition and partnering plan. The company’s announcement follows the completion of a private equity...
May 23 2006 // The potential exposures for the property casualty insurance industry have fallen under the radar in the discussions of the effects of an Avian flu or other pandemic. Most people keeping watch on the possible effects have...
May 22 2006 // Infinity Property and Casualty Corp., of Birmingham, Ala., will broadcast a live Internet broadcast of its 2006 annual meeting of shareholders May 23 at 11 a.m. (ET). To listen to the live broadcast, go to Infinity’s...
May 22 2006 // Today, it’s not a fun time to be an insurance investor or analyst,” said Ray Joseph, vice president of Los Angeles-based Capital Research Co. Joseph should know; he is an investment analyst with research...
May 22 2006 // The financial results are in. Insurers generally had positive first quarters, although some were hurt by higher health care costs and continued fallout from last year’s natural disasters. Below are the financial...
May 22 2006 // Strong capitalization, sound risk management and efficient global risk sharing enabled the U.S. property/casualty insurance industry to withstand record-setting catastrophe losses in 2005, according to Frank J. Coyne,...