All the headlines from our Property Casualty Topic Page, ordered by recency.
Sep 1 2005 // The Bermuda-based Everest Re Group, Ltd. announced that the employment agreement of Chairman and CEO Joseph V. Taranto, has been extended to March 31, 2008. Taranto has been in charge at Everest Re since it was formed in...
Aug 30 2005 // Midland Co.’s American Modern Insurance Group made the annual Ward’s 50 Benchmark Group of best-performing insurance companies.Cincinnati-based insurance consulting firm The Ward Group also honored Cincinnati...
Aug 29 2005 // Policyholders with questions regarding their coverage for damage caused by Hurricane Katrina should contact their insurance agent or company representative. To assist consumers, special toll-free numbers have been set up...
Aug 26 2005 // Dallas-based McQueary Henry Bowles Troy L.L.P. (MHBT), one of the largest privately owned insurance brokerages in the nation, announced the recent appointments of Carla Paschal and Ann Forkner as vice presidents of...
Aug 24 2005 // The Hong Kong-based insurance unit of China’s Bank of Communications Co. has filed a formal application with the China Insurance Regulatory Commission (CIRC) to establish a Shanghai-based P/C insurance...
Aug 23 2005 // Reports from a number of sources (Bloomberg, Asia Pulse) indicate that China’s Bank of Communications Ltd. (BC) is planning to form a partnership to enter the P/C business on the mainland. BC, China’s fifth...
Aug 23 2005 // Cincinnati-based insurance consulting firm The Ward Group has recognized Cincinnati Financial Corp. and Western & Southern Financial Group for their five-year financial performance. Ward’s honored Cincinnati...
Aug 22 2005 // Massachusetts-based Allmerica Financial Corporation announced Monday that it has entered into a definitive agreement to sell its run-off variable life insurance and variable annuity business to The Goldman Sachs Group...
Aug 22 2005 // USI Holdings Corporation announced the closing of the acquisition of Burlingame, Calif.-based retail property & casualty firm operating as Winthrop Insurance Plans. This operation has been providing employee property...
Aug 22 2005 // MarketScout began tracking property and casualty pricing trends in 2001 in an effort to share the pricing results of insurance placements related to their 50,000 member agent network. The monthly market trends are...
Aug 22 2005 // The National Association of Government Labor Officials (NAGLO) during its 2005 summer conference elected Minnesota Department of Labor and Industry Commissioner Scott Brener president.With members from more than 30 U.S....
Aug 22 2005 // Jim Drawert, vice president and chief underwriting officer for The Republic Group, was presented the Raymond Mauk Leadership Award at the Insurance Council of Texas’ 13th Annual Mid-Year Property and Casualty...
Aug 22 2005 // McQueary Henry Bowles Troy LLP (MHBT), based in Dallas, recently named Marcus Humphrey vice president and leader of the firm’s Employee Benefits group. As vice president, Humphrey’s primary responsibilities...
Aug 18 2005 // The Texas Department of Insurance announced enforcement actions taken by Commissioner Mike Geeslin that became final during July.The actions include seven license revocations, one license denials and fines and restitution...
Aug 18 2005 // Atlanta-based Atlantic American Corp. announced net income of $1.2 million, or $0.04 per diluted share, for the second quarter ended June 30, 2005, compared to net income of $1.1 million, or $0.04 per diluted share, for...
Aug 15 2005 // Apparently unfazed by last year’s devastating hurricane season, the nation’s property and casualty insurers reported profits of $41.3 billion in 2004, representing a 28 percent increase over the $32.3 billion...
Aug 15 2005 // Forty-four property and casualty insurance companies based in Missouri reported total earnings of $224 million in 2004, compared with a loss of $423.5 million in 2003, according to Weiss Ratings Inc. In Kansas, 22 property...
Aug 11 2005 // Nationwide Mutual Insurance Co. is targeting minorities to grow its property and casualty insurance business.Beginning this month, the Columbus, Ohio-based insurer has tailored its “Life comes at you fast” ad...
Aug 10 2005 // LEWISVILLE, TEXAS (July 26, 2005) – The Adam Corporation/Group (“TAC”), a privately owned holding company, announced today that its wholly owned subsidiary Reliable Reports, Inc. (“Reliable”)...
Aug 8 2005 // Ending a 26-year drought, insurers posted a $5 billion net profit on underwriting in 2004, despite slowing premium growth and a deluge of catastrophe losses.Powered by the best underwriting results in almost three decades,...