All the headlines from our Property Casualty Topic Page, ordered by recency.
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...
Oct 11 2004 // State insurance commissioners stood their ground last month at hearings in Washington where they opposed an expanded federal role in insurance regulation and withstood a withering attack on their performance from a leading...
Oct 11 2004 // A special report released by A.M. Best Co. concludes that at the end of 2003, direct premium volume for the surplus lines industry increased by about 28 percent over the prior year, which followed an estimated 62 percent...
Oct 11 2004 // The United States Census Bureau’s Census 2000 estimated the population of the state of Hawaii at 1,211,537. Approximately 85 percent of the adult residents had graduated from high school and about 26 percent had...
Oct 10 2004 // The Netherlands’ ING Group and Germany’s Allianz announced that they have concluded a definitive share purchase agreement for the acquisition of Allianz’ property and casualty (P&C) insurance...
Oct 7 2004 // Standard & Poor’s Ratings Services indicated that the impact of damage caused by typhoons in 2004 on Japanese non-life insurers is likely to be limited, owing to reinsurance indemnities and catastrophe loss...
Oct 7 2004 // Fitch Ratings announced that it has affirmed the ratings of The Chubb Corporation, notably the “AA” insurer financial strength ratings (IFS) of Chubb’s P/C insurance subsidiaries.Fitch noted that these...
Oct 6 2004 // A special report from A.M. Best Co. confirms that “a key driving factor of property/casualty rating downgrades over the past several years has been the impact of significant adverse loss and loss-adjustment expense...
Sep 30 2004 // Hilb Rogal & Hobbs Co. announced that its board of directors has appointed F. Michael Crowley to the position of executive vice president and national director for property/casualty effective immediately. “HRH...