All the headlines from our Property Casualty Topic Page, ordered by recency.
Oct 20 2005 // Fitch Ratings has downgraded the long-term issuer rating and unsecured senior debt obligations of Illinois-based Horace Mann Educators Corp. to ‘BBB’ from ‘BBB+.’Additionally, Fitch has downgraded...
Oct 19 2005 // Hurricane Wilma, with a barometric pressure of 882 mb, is now the most intense hurricane on record in the Atlantic Basin.After rapid intensification Tuesday night, Wilma is now a potentially catastrophic Category 5...
Oct 18 2005 // Seattle-based Safeco reported solid third-quarter results, with net income of $101.1 million, or $0.80 per diluted share. This figure includes estimated after-tax net catastrophe losses of $115.8 million, or $0.91 per...
Oct 18 2005 // The president of a national property/casualty organization told a group of state insurance trade executives in Savannah, Georgia, on Monday that their work makes them invaluable partners in the achievement of industry...
Oct 18 2005 // A.M. Best Co. has removed from under review with negative implications and affirmed the financial strength rating (FSR) of A- (Excellent) and issuer credit ratings (ICR) of “a-” of the publicly-traded holding...
Oct 17 2005 // The U.S. property/casualty industry recorded an underwriting profit of $13.2 billion during the first six months of 2005, a substantial gain from the record results posted during the comparable period of 2004, according to...
Oct 17 2005 // Willis Group Holdings has appointed Vincent D. Liotta as executive vice president and production director of the Willis Re U.S. Specialty Practice. Earlier this year Willis Re merged its Global Marine, Aviation, Retro and...
Oct 17 2005 // NAPSLO 2005 ANNUAL CONVENTION:With more than 3,200 people in attendance, the National Association of Professional Surplus Lines Offices’ annual convention convened in San Francisco, Calif., last month to address the...
Oct 17 2005 // The Chubb Group of Insurance Companies created an online system designed to make it easier for agents and brokers to quickly obtain a rate, quote or binder for contractors’ equipment risks with schedules up to $5...
Oct 12 2005 // Standard & Poor’s Ratings Services announced that it has raised its long-term counterparty credit and insurer financial strength ratings on Sweden-based If P&C Insurance Ltd. (publ) and Finland-based If...
Oct 5 2005 // The U.S. property/casualty insurance industry’s net income after taxes rose 29.1 percent to a record $30.9 billion in first-half 2005 from $23.9 billion in first-half 2004. Reflecting the industry’s income, its...
Oct 4 2005 // The Wawanesa Mutual Insurance Company (Wawanesa), one of Canada’s largest property and casualty insurers, has been ranked first among property and casualty (P/C) insurance companies in Canada in terms of capital and...
Oct 3 2005 // Westfield Insurance has named Robert Testa executive, personal lines sales. In this capacity, he oversees employees in five states responsible for new personal lines business.Testa began his career at Westfield in 1991 and...
Oct 3 2005 // The circumstances surrounding Hurricane Katrina are unprecedented in many ways, reports Fitch Ratings. So much so that the rating agency may need to reassess the core risk profile of the property/casualty insurance...
Sep 29 2005 // Stewart Title of California (STC) is looking to become a player in the property and casualty insurance industry with the launch of Stewart of California Insurance and Financial Services (SIFS). Recently approved by...
Sep 26 2005 // William Gallagher Associates in Boston has promoted three executives within its property and casualty group. Doug Bixby to has been elevated to senior vice president and Janice Clifford and Kristen Martin to assistant vice...
Sep 22 2005 // Denise T. Flatt has been named vice president of property/casualty claims for Harleysville Insurance. In this position, she is responsible for directing home office technical claims functions, specialty units and...
Sep 21 2005 // Michael P. McNamee has been named vice president of business planning and analysis for Harleysville Insurance. In this position, he is responsible for the development of the company’s annual business plan, financial...
Sep 19 2005 // Circumstances surrounding Hurricane Katrina are unprecedented in many ways, said Fitch Ratings. So much so that the rating agency may need to reassess the core risk profile of the property/casualty insurance industry.Fitch...
Sep 19 2005 // Although the insurance industry — and the rest of us — are waiting for the other shoe to drop in the wake of Hurricane Katrina’s estimated $20 billion to $35 billion in insured losses, business in the...