All the headlines from our Property Casualty Topic Page, ordered by recency.
Nov 5 2004 // A.M. Best Co. announced that it has placed the financial strength rating of “A-” (Excellent) of Omaha Property and Casualty Insurance Company (OPAC) (Omaha, Neb) under review with developing...
Nov 4 2004 // The four hurricanes that ravaged the Southeast resulted in a net $12.6 million third-quarter loss for Springfield, Ill.-based insurer Horace Mann Educators Corp. The company has made a profit of $28 million, or 65 cents...
Nov 4 2004 // According to Richard Kerr, chairman and CEO of MarketScout, an online insurance exchange with more than 50,000 users, the October 2004 composite rate for U.S. property and casualty insurance is 2%, down from 12% in October...
Nov 4 2004 // Fitch Ratings has affirmed the ‘AA-‘ insurer financial strength rating on the Safeco property/casualty group (Safeco P/C). In addition, Fitch has affirmed ‘A-‘ long-term and senior debt ratings on...
Nov 2 2004 // Guaranty Insurance Services Inc. announced that it named Von Breaux executive vice president of Property and Casualty Sales.Breaux comes to Guaranty Insurance from Syracuse, N.Y., where he worked as the director of Sales...
Nov 1 2004 // Bermuda-based Max Re Capital Ltd. reported a net loss for the three months ended September 30, 2004 of $9.0 million, or 20 cents per diluted share, compared to net income of $38.8 million, or net income of 89 cents per...
Oct 28 2004 // Bermuda’s ACE Limited reported a net loss for the third quarter ended Sept. 30, 2004 of $3 million or $(0.05) per common share after payment of preferred dividends, compared with net income of $355 million or $1.22...
Oct 28 2004 // The Texas Department of Insurance (TDI) has scheduled a number of public hearings in November 2004 that may be of interest to property and casualty insurance professionals.On Nov. 2 at 10:00 a.m., Docket No. 2602,...
Oct 26 2004 // Allmerica Financial Corporation (NYSE: AFC) in Worcester, Mass. has reported third quarter net income of $17.7 million, or $0.33 per share, compared to net income of $11.4 million, or $0.21 per share, in the third quarter...
Oct 26 2004 // The Chubb Corporation (NYSE: CB) on Tuesday reported that net income in the third quarter of 2004 was $364.0 million or $1.88 per share, compared to $259.8 million ($1.37 per share) in the third quarter of 2003.Operating...
Oct 25 2004 // Until Commodore Peary’s visit in 1848, Japan was one of the world’s most isolated countries, and it still remains rather unique. But something in the Japanese character and society enabled it to turn its back...
Oct 25 2004 // Through the State Modernization And Regulatory Transparency Act (SMART Act), Congressmen Michael Oxley (R-Ohio), and Richard Baker (R-La.), have made a creative initial proposal to re-energize state insurance regulation...
Oct 22 2004 // Standard & Poor’s Ratings Services has revised its outlook on the U.S. property/casualty commercial lines sector to negative from stable.“The outlook revision follows allegations of widespread misconduct...
Oct 21 2004 // Rockwood Programs has finalized negotiations with multiple insurance carriers and Lloyds Syndicates to expand its existing Errors & Omissions program for property and casualty agents.This program was designed to...
Oct 21 2004 // Cincinnati-based The Midland Company, a provider of specialty insurance products and services, reported results for the third quarter ended Sept. 30, 2004.Net income per share was 12 cents, which included 1 cent in...
Oct 20 2004 // Commercial property/casualty insurance premiums continued to decline significantly during the third quarter of this year, with two-thirds of all large and medium accounts experiencing drops of up to 20 percent and an...
Oct 19 2004 // Seattle-based Safeco on Tuesday reported third-quarter results, reflecting strong fundamentals in a period with substantial hurricane losses and the loss on the sale of Life & Investments.The company posted a net loss...
Oct 19 2004 // Don Jenkins, executive vice president of Bellevue, Wash.-based Baldwin Resource Group, has been named to lead the Property and Casualty Insurance Operations for the company. Jenkins oversees Baldwin Resource Group’s...
Oct 15 2004 // United National Group Ltd., Penn-America Group Inc. and Penn Independent Corporation (PIC), a privately-held company, have announced their agreements to combine operations in transactions aggregating over $800 million in...
Oct 13 2004 // Assurex Global has expanded its worldwide presence with the addition of international broker Partners in Monte Carlo, Monaco; Baton Rouge, La.; Philadelphia, Penn.; and Wilmington, Del.The newest Assurex Global Partners...