All the headlines from our Property Casualty Topic Page, ordered by recency.
Dec 4 2005 // Ease of Doing Business (EDB) has been a bit like the weather-everybody talks about it, but doing something about it is another matter. While you can’t change the weather, you can equip yourself and your organization...
Dec 4 2005 // The consolidation of insurance agencies has played a prominent role within the industry over the last 30 years. Now more than ever, however, such activity increasingly influences the average size of distributors, the scope...
Dec 2 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...
Nov 29 2005 // “Convergence products” will play a critical part in the competitive landscape of the property-casualty industry in coming years despite being a relatively small segment, according to a new study by Conning...
Nov 23 2005 // The financial strength of the U.S. property/casualty insurance industry remained strong over the past year, maintaining the operating momentum achieved from the prior 12 months, according to a recent A.M. Best report....
Nov 21 2005 // By most accounts the commercial auto insurance market nationally is stable to softening. Rates may be going down a little in some areas, staying the same or at least not going up very much in others. However, some pockets...
Nov 20 2005 // By most accounts the commercial auto insurance market nationally is stable to softening. Rates may be going down a little in some areas, staying the same or at least not going up very much in others. However, some pockets...
Nov 15 2005 // Aon Corp. reported that it is exploring strategic alternatives relating to the ownership of its property/casualty underwriting, warranty and credit insurance businesses. Greg Case, Aon’s president and CEO, said,...
Nov 14 2005 // Germany’s Allianz had a very successful third quarter with net income up 70 percent to €794 million ($934 million) and €1.7 billion (2 billion) operating profit,” despite,” said the company’s...
Nov 10 2005 // Germany’s Hannover Re, the world’s third largest reinsurer, has been hit with a commensurately large share of the losses from Katrina, Rita et. al. The company’s 9 month report notes an “exceptional...
Nov 8 2005 // Fierce competition and catastrophe losses are forcing change all across the property/casualty insurance business, an industry leader said Monday.Ferocious competition has driven rates of return down and led to an increase...
Nov 7 2005 // P/C Insurers Post Record Results in 2005: The U.S. property/casualty industry recorded an underwriting profit of $13.2 billion, with a net income of $32.1 billion during the first six months of 2005, a substantial gain...
Nov 6 2005 // P/C Insurers Post Record Results in 2005: The U.S. property/casualty industry recorded an underwriting profit of $13.2 billion, with a net income of $32.1 billion during the first six months of 2005, a substantial gain...
Nov 6 2005 // P/C Insurers Post Record Results in 2005: The U.S. property/casualty industry recorded an underwriting profit of $13.2 billion, with a net income of $32.1 billion during the first six months of 2005, a substantial gain...
Nov 3 2005 // Property casualty insurance industry results should be relatively strong from 2005 through 2007, despite 2005’s hurricane activity and an increasingly competitive market, according to a new report by Conning Research...
Oct 31 2005 // Bermuda-based Max Re Capital Ltd. Came off better than many of its peers in the third quarter. It still posted a net loss of $41 million, or 89 cents per diluted share, compared to a net loss of $9 million, or 20 cents per...
Oct 28 2005 // American Wholesale Insurance Group (AmWINS), the nation’s second largest insurance wholesaler, announced that Parthenon Capital, LLC, a Boston and San Francisco-based private equity firm, has completed the...
Oct 27 2005 // CNA Financial Corporation today announced third quarter of 2005 results:— Net income for the third quarter of 2005 of $3 million as compared with a net loss of $27 million in the third quarter of 2004 — Net...
Oct 27 2005 // The Texas Department of Insurance announced enforcement actions taken by Commissioner Mike Geeslin that became final during September.The actions include seven license revocations, two license denials and fines and...
Oct 24 2005 // Commercial insurance brokers from across the country say so far, the impact of Hurricanes Katrina and Rita has been minimal, but they are bracing for higher prices, reduced capacity, increases in deductibles and tighter...