All the headlines from our Property Casualty Topic Page, ordered by recency.
Jan 22 2006 // Susan Alford has been named executive vice president and southeast region head for Aon Consulting in Atlanta. The promotion is effective Jan. 1. Alford will be responsible for Maryland, Virginia, North Carolina, South...
Jan 22 2006 // Despite losses from the 2005 hurricane season, property and casualty insurance company failures de-clined 44 percent from the previous year.In the insurance world catastrophes pretty much defined what 2005 was all about;...
Jan 22 2006 // The Insurance Council of Texas elected James Langford as chairman of its Board of Directors effective Jan. 1, 2006.Langford is the assistant vice president of compliance, regulatory and governmental affairs, and training...
Jan 22 2006 // News CurrentsProperty and casualty insurance agents and brokers are being exposed to more lawsuits as they move into unfamiliar products, states and technologies, and as their clients do the same. Cus-tomers and juries see...
Jan 18 2006 // A.M. Best Co. has assigned a financial strength rating (FSR) of A- (Excellent) and issuer credit ratings (ICR) of “a-” to the newly formed Praetorian Financial Group (Praetorian) (Wilmington, Del.) and its...
Jan 17 2006 // The U.K.-based insurer Co-operative Financial Services (CFS) has announced the creation of CIS General Insurance Ltd. (CISGIL) which will insure all new and renewing Co-operative Insurance Society (CIS) motor, home and...
Jan 16 2006 // France’s SCOR Group announced that “premium income linked to Non-Life and Credit & Surety treaties up for renewal on 1 January 2006 is up by around 25 percent.”The bulletin added, “these...
Jan 11 2006 // PGI Commercial, a provider of property and casualty insurance programs based in Morristown, N.J., has formed new partnerships in order to provide habitational insurance programs.PGI’s new partners, Sirius America...
Jan 11 2006 // The year 2005 is looking like it was a relatively good one with solid financial news for property casualty insurers overall, despite record catastrophe losses, and 2006 could bring even better news, according to analysts...
Jan 9 2006 // In a recently issued study “Insurance Industry Risk Analysis: Italy (Republic of),” Standard & Poor’s Ratings Services said it is maintaining its stable outlook on the Italian insurance industry....
Jan 5 2006 // Record catastrophe losses will weigh heavily on 2005’s underwriting results, pushing what would have been the industry’s largest underwriting profit ever into a loss situation, according to the Insurance...
Jan 4 2006 // Rakuten, one of Japan’s top Internet shopping mall operators, has reportedly announced that it is considering entering the country’s nonlife insurance business to boost its growing financial operations. A...
Jan 1 2006 // Crump Insurance Services of Texas Inc. appointed three new members to the Dallas property/casualty brokerage team: Brent Jenkins, Stephanie Murillo and Matt Sheehan. Additionally, Elizabeth Wafer has joined the P/C team at...
Jan 1 2006 // The property/casualty insurance industry reported a statutory rate of return on average surplus of 9.5 percent through the first nine months of 2005, marginally below the 10.5 percent average return recorded during...
Dec 28 2005 // The U.S. property/casualty insurance industry’s net income after taxes rose 4.4 percent, or $1.2 billion, to $28.8 billion in nine-months 2005 from $27.6 billion in nine-months 2004. Reflecting the industry’s...
Dec 21 2005 // Jeffrey T. Bowman, president of Crawford & Co’s International Operations, has been named chief operating officer of the firm’s Global Property and Casualty Services, effective Jan. 1.This newly created...
Dec 19 2005 // “Convergence products,” or alternative insurance products such as catastrophe bonds and finite reinsurance products, will play a critical part in the competitive landscape of the P/C industry in coming years,...
Dec 18 2005 // Louisiana Insurance Commissioner Robert Wooley announced that Clarissa A. Preston has been named deputy commissioner of the Louisiana Department of Insurance Office of Property and Casualty, and Scott Kipper is now deputy...
Dec 18 2005 // Twenty years ago, it was nearly impossible to find colleges and universities offering degrees in insurance. Now there are many programs across the nation that offer bachelor’s degrees, concentrations, certifications,...
Dec 16 2005 // French reinsurer SCOR Group announced that it has reached agreement with the Alea Group to acquire the renewal rights to its European reinsurance treaties for 2006.The move follows Alea’s sale of its renewal rights...