Latest Property Casualty Headlines

All the headlines from our Property Casualty Topic Page, ordered by recency.

China Wakes Up as the World Watches

Jul 19 2004 // This is the first in a series of articles on the Asia insurance marketplace. Part two in this series will focus on India and will appear in a September issue of Insurance Journal. “Let China Sleep, for when she...

Csiszar Calls for Focus on Regulation at 12th Annual Texas P/C Symposium

Jul 16 2004 // Speaking at the12th Annual Mid-Year Property and Casualty Symposium presented by the Insurance Council of Texas and the Association of Fire and Casualty Companies in Texas (AFACT), Ernst Csiszar, president of the National...

The Midland Company Unveils Q2 Numbers

Jul 15 2004 // The Midland Company, an Ohio-based provider of specialty insurance products and services, reported record results for the second quarter ended June 30, 2004.Net income per share was 58 cents, which included 2 cents in...

Weiss Report: P/C Insurers Earn $32.3 Billion in 2003, Industry Reports $48 Billion Investment Gain

Jul 14 2004 // Property/casualty insurers more than doubled their profits during 2003, earning $32.3 billion compared to the $13.5 billion reported in 2002, according to Weiss Ratings Inc., an independent provider of ratings and analyses...

Fitch Upgrades Affirmative Insurance Co. Ratings

Jul 14 2004 // Fitch has removed from Rating Watch Negative and upgraded the ratings of Illinois-based Affirmative Insurance Company and Insura Property & Casualty Insurance Company to ‘BBB’ from ‘BB’. The...

Harleysville Announces Field Office Changes

Jul 13 2004 // Harleysville Insurance of Harleysville, Pa., recently announced new appointments in three field offices serving independent agents and policyholders in the Mid-Atlantic and Midwest regions. The appointments...

Correction: La. Legislature Completes 2004 Regular Session

Jul 9 2004 // A July 6, 2004 posting in Insurance Journal’s South Central section contained incorrect information regarding the contents of Louisiana’s recently passed House Bill 1514.The article, “La. Legislature...

ISO: Insurers to Pay Policyholders $1.65 Billion for Q2 CAT Claims

Jul 8 2004 // U.S. property/casualty insurers are expected to pay homeowners and businesses an estimated $1.65 billion for insured property-loss claims from six catastrophes affecting 23 states in the second quarter, according to...

At NAMIC, The Door’s Wide Open to Companies of All Sizes

Jul 5 2004 // Chairman Tim Hegarty Explains How His Trade Group Serves Big and Small AlikeWhat happens when you put giants like State Farm, AIG, Nationwide and Liberty Mutual in a room with tiny farm mutuals like Husbandsmans Mutual,...

Another Soft Market Creates a Hard Reality

Jul 5 2004 // Like a commercial airline scrambling to squeeze out a profit in the face of increased competition and skyrocketing fuel prices, many insurance agents find themselves caught in the downward spiral of another soft market...

Industry At ‘Point Of Inflection,’ Says Standard & Poor’s

Jul 5 2004 // The insurance industry, now teeter-tottering between a hard and a soft market, “has reached a point of inflection,” said Robert Partridge, Standard & Poor’s managing director, at S&P’s...

The New Insurers: This Time, They’ll Do It The Right Way

Jul 5 2004 // ‘Clean Slate’ U.S. P/C Insurers Learn from Sins of Their PredecessorsIn the summer of 2001, the hard cycle had already arrived for the U.S. property/casualty marketplace. Prices were trending up as experts...

S&P Publishes P/C Insurer Report Card

Jul 5 2004 // Industry-wide price strengthening was a driving factor in the financial results of U.S. property/casualty insurance companies in 2003, according to an industry report card published by Standard & Poor’s Ratings...

FOCUS ON MINORITY STUDENTS:

Jul 5 2004 // The Independent Insurance Agents of Texas reported it is building an IIAT internship program to encourage minority college students in Texas to learn about careers in the insurance industry. The program will be part of a...

P/C INSURERS NEED EFFICIENCY:

Jul 5 2004 // Conning Research & Consulting Inc. released a study concluding that P/C insurers’ cost of doing business “has stagnated over the past 20 years, contrasting the remarkable efficiency gains achieved by many...

S&P Publishes P/C Insurer Report Card

Jul 5 2004 // Industry-wide price strengthening was a driving factor in the financial results of U.S. property/casualty insurance companies in 2003, according to an industry report card published by Standard & Poor’s Ratings...

Idaho: More than Snowcapped Peaks, Plateaus and Potatoes

Jul 5 2004 // The United States Census Bureau’s Census 2000 estimated the population of the State of Idaho at 1,293,953. Approximately 85 percent of the adult residents had graduated from high school and about 22 percent had...

This Time, We’ll Do It The Right Way

Jul 5 2004 // New U.S. P/C Insurers Learn from Sins of Their PredecessorsIn the summer of 2001, the hard cycle had already arrived for the U.S. property/casualty marketplace for all lines of coverage. Prices were trending up as experts...

Higginbotham & Associates Opens Austin Office

Jul 2 2004 // Fort Worth, Texas-based insurance and financial services brokerage firm Higginbotham & Associates announced it has launched services for Central and South Texas with the opening of a new Austin office.Newly hired...

Best’s P/C Center Adds Access to Financial Statements

Jul 2 2004 // A.M. Best has introduced its new Property/Casualty Center – Premium Data & Reports, an online product that provides access to select pages of companies’ annual statement data and more by bringing together...