All the headlines from our Property Casualty Topic Page, ordered by recency.
Jun 6 2005 // As capital accumulates on insurers’ balance sheets, carriers are figuring out what to do with it if anything at all.The industry is flush with cash after a long hard market and lower corporate bond defaults. Although...
Jun 6 2005 // AIA OPPOSES CALIF. BILL TO LIMIT HOME INVENTORIES: A bill approved by the California Senate May 25 that prevents insurers from requiring claimants to itemize personal property lost in a disaster is well intended, but will...
Jun 6 2005 // AIA OPPOSES CALIF. BILL TO LIMIT HOME INVENTORIES: A bill approved by the California Senate May 25 that prevents insurers from requiring claimants to itemize personal property lost in a disaster is well intended, but will...
Jun 6 2005 // As capital accumulates on insurers’ balance sheets, carriers are figuring out what to do with it if anything at all.The industry is flush with cash after a long hard market and lower corporate bond defaults. Although...
May 27 2005 // The Texas Department of Insurance announced enforcement actions taken by Commissioner Jose Montemayor that became final during the month of April.The actions include eleven license revocations, a license denials and fines...
May 23 2005 // As capital accumulates on insurers’ balance sheets, carriers are figuring out what to do with it–if anything at all. The industry is flush with cash after a long hard market and lower corporate bond defaults....
May 23 2005 // The property/casualty industry can look forward to another year of underwriting profits, assuming normal catastrophic losses of $13-$14 billion, according to a new study by Conning Research and Consulting Inc. However, the...
May 23 2005 // Most everything I know about growing my book of business I learned from the J. Paul Getty Museum in Los Angeles. My lessons learned do not come from the beautiful and historic works of art, rather, my lessons learned are...
May 23 2005 // The property/casualty insurance industry’s leading educational society is weighing what role to play in helping the industry restore its image after months of charges about bid-rigging and contingent commissions.A...
May 23 2005 // Twig BranchSeattle, Wash.-based Physicians Insurance A Mutual Company has announced that Rodney A. Pierson has been named senior vice president, CFO and treasurer. Pierson’s long history in finance includes his...
May 23 2005 // As capital accumulates on insurers’ balance sheets, carriers are figuring out what to do with it-if anything at all. The industry is flush with cash after a long hard market and lower corporate bond defaults....
May 23 2005 // The property/casualty insurance industry’s leading educational society is weighing what role to play in helping the industry restore its image after months of charges about bid-rigging and contingent commissions.A...
May 23 2005 // JURY REACHES PARTIAL VERDICT IN EXECUTIVE LIFE CASE: A jury reached a partial verdict in the case involving the illegal takeover of failed insurer Executive Life Insurance Company on May 9, according to the Associated...
May 23 2005 // MICHIGANCommissioner Appeals Credit Scoring Decision The state of Michigan has filed an appeal of a judge’s ruling that allowed insurance companies to continue using customers’ credit scores to determine their...
May 23 2005 // James Robinson Huber has been appointed senior vice president and regional executive, Southeast Region for ACE USA, the U.S.-based retail operating division of The ACE Group of Companies. Based in Atlanta, Huber will be...
May 19 2005 // A.M. Best Co. has affirmed the financial strength rating of A (Excellent) of the property/casualty members of United Fire & Casualty Group (United Fire), which operate under a business pooling agreement. Additionally,...
May 17 2005 // Standard & Poor’s has published an analysis of the current state of the Australian P/C industry. The rating agency noted: “The softening insurance cycle has entrenched itself in commercial lines in...
May 16 2005 // “Hawaii’s legislative decision to conduct a study of the NCOIL Property/Casualty Insurance Modernization Act suggests that the state legislature is committed to making strides toward rate modernization, which...
May 12 2005 // Germany’s Hannover Re posted strong growth in the first quarter of 2005, with operating profits (EBIT – i.e. excluding investment gains, interest and taxes) of 179.5 million euros ($229 million), a 16.2 percent...
May 11 2005 // The 13th annual Mid-Year Property and Casualty Insurance Symposium will be held Thursday, July 14 at the Austin Marriott at the Capitol Hotel in Austin, Texas. The symposium is presented by the Insurance Council of Texas...