All the headlines from our Property Casualty Topic Page, ordered by recency.
Aug 8 2005 // Demotech Inc. recently completed an exhaustive study of its 23,118 insurance company Preliminary and final Financial Stability Ratings (PFSRs and FSRs) issued from 1989 through 2004 and found that regional and specialty...
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,...
Aug 5 2005 // Independent insurance brokerage firm Higginbotham & Associates announced the addition of sales associate Scott McGuire to its newest branch office, Austin, Texas. McGuire is the third addition this year, more than...
Aug 3 2005 // Cincinnati, Ohio-based American Financial Group Inc. (AFG) reported net earnings for the 2005 second quarter of $81.6 million ($1.04 per share), significantly above the $55.9 million ($.75 per share) reported for the...
Aug 3 2005 // The McIntyre Group, based in Cherry Hill, N.J., has added Michael A. Geiger to its account management team.Geiger will be responsible for overseeing large clients with complex risk exposures at The McIntyre Group. Geiger...
Jul 29 2005 // Charlotte, N.C.-based Royal & Sun Alliance has agreed to sell Viking Insurance, its specialty U.S. non-standard auto business to Sentry Insurance, of Stevens Point, Wisc. for $200 million in cash. The purchase is...
Jul 27 2005 // Allmerica Financial Corp. announced that its profit in the second quarter more than doubled due to strong growth in the company’s property and casualty segment.Net income grew to $72 million, or $1.34 per share, from...
Jul 20 2005 // The commercial property/casualty market continued to soften during the second quarter of 2005, with commercial insurance brokers reporting that insurers are aggressively competing for new business and fighting hard to keep...
Jul 20 2005 // Property/casualty insurance industry results should be relatively strong from 2004 through 2007, according to a new study by Conning Research and Consulting Inc.“Our latest projections indicate a slightly better 2004...
Jul 19 2005 // Speakers at the Insurance Council of Texas’ 2005 Mid Year Property and Casualty Symposium had good news to tell about both the property and casualty industry and the 2005 regular session of the Texas Legislature.The...
Jul 19 2005 // Torrance, Calif.-based Keenan & Associates announced that Tom Russo has been promoted to the position of Northern California Practice Leader for Schools–Property & Casualty. Keenan serves 800-plus...
Jul 18 2005 // For mutual property/casualty insurers, year-one SOX compliance costs would exceed $300 million.It’s obvious to us at the National Association of Mutual Insurance Cos. that there are crucial differences between public...
Jul 18 2005 // It’s obvious to us at the National Association of Mutual Insurance Cos. that there are crucial differences between public and mutual insurers. That’s why we oppose the National Association of Insurance...
Jul 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...
Jul 18 2005 // The Arkansas Insurance Depart-ment will hold a public hearing July 27 to determine whether Insurance Commissioner Julie Benafield Bowman should revise and re-adopt Rule and Regulation 61, “Insurer Reports of Arkansas...
Jul 15 2005 // Jim Drawert, vice president and chief underwriting officer for The Republic Group, was presented the Raymond Mauk Leadership Award on July 14, at the Insurance Council of Texas’ 13th Annual Mid-Year Property and...
Jul 15 2005 // The Louisiana Department of Insurance will hold its 4th annual Property and Casualty Form and Rate Filing Seminar on Thursday, Sept. 22, at the Hyatt Regency, Poydras at Loyola Avenue, in New Orleans. The seminar will...
Jul 14 2005 // The Citizens and Hanover Insurance Companies’ new Connections Auto, a state-of the-art, multi- variate auto product with greater customer segmentation capabilities, is off to a strong start in its initial launch...
Jul 14 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,...
Jul 13 2005 // A.M. Best Co. has affirmed the financial strength rating (FSR) of A- (Excellent) and the issuer credit rating (ICR) of “a-” for Max Re Ltd. (Max Re). A.M. Best has also affirmed the ICR of “bbb-” of...