All the headlines from our Property Casualty Topic Page, ordered by recency.
Jun 18 2004 // Fitch Ratings announced that it has affirmed its ‘BBB long-term issuer rating and the rating assigned to its senior note issue of Infinity Property & Casualty Corporation. Fitch also assigned an “A”...
Jun 17 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...
Jun 16 2004 // Omaha, Neb.-based small business workers’ compensation carrier FirstComp named David E. Thomas as its new treasurer and chief financial officer. He had served as an executive consultant since the fall of 2003.Before...
Jun 11 2004 // Standard & Poor’s Ratings Services announced that it has revised its outlook on the U.S. commercial-lines insurance industry to stable from negative “based on the delicate balance now in play between the...
Jun 11 2004 // The Massachusetts House and Senate have both approved legislation to deregulate insurance rates and forms for certain large commercial risks.The measure permits commercial accounts with more than $30,000 in premium that...
Jun 10 2004 // Standard & Poor’s Ratings Services announced that it has revised its outlook on Allianz Insurance Co. of Canada and Trafalgar Insurance Co. of Canada (collectively referred to as Allianz Canada) to stable from...
Jun 10 2004 // The Hartford Financial Services Group, Inc. was recently recognized for its leadership in standards-based communications with six awards presented by ACORD (Association for Cooperative Operations Research and Development)...
Jun 10 2004 // Ohio-based property/casualty insurer the Westfield Group has named Frank A. Carrino corporate counsel and secretary. He will assume responsibility for all corporate legal matters as head of the corporate legal department....
Jun 9 2004 // Insurance and tort reform measures passed by the Louisiana Legislature in 2003, along with efforts by the insurance department and two major insurance agents’ associations to get the word out about the state’s...
Jun 8 2004 // With all signs pointing to increasing competition in U.S. property/casualty markets, the most important challenge many insurers face may be survival itself, an industry leader said Tuesday.In remarks at the 76th Annual...
Jun 8 2004 // Castek Announces Agreement with Global InfoTech to provide resale and implementation services for the Insure3 suite of products in The People’s Republic of China.Castek Inc. is pleased to announce a business...
Jun 7 2004 // The United States Census Bureau’s Census 2000 estimated the population of the State of Nevada at 1,998,257. Approximately 81 percent of the adult residents had graduated from high school and about 18 percent had...
May 26 2004 // With more than 7,400 issuing locations nationwide, you’d think a product line extension would be a simple process. But that wasn’t the case when Stewart Information Services Corporation decided to add Property...
May 26 2004 // A.M. Best Co. announced that the 2004 E-Fusion Insurance & Technology Awards have been expanded to six categories.“Interest in our awards program has snowballed, so we need to better reflect the widespread...
May 24 2004 // A.M. Best Co. has just released a new study of the U.S. property/casualty industry in the past decade, which concludes that it has “shown resiliency and improved risk management amid extraordinary events.”The...
May 18 2004 // Congress should act this year to extend the Terrorism Risk Insurance Act (TRIA) for two years beyond its Dec. 31, 2005, expiration date because the private market alone cannot deal with further catastrophic terrorist...
May 17 2004 // A white paper published by the Property Casualty Insurers Association of America (PCI) shows that insurance industry profitability must be evaluated over the long term and that loss costs, not investment return, are the...
May 17 2004 // The Texas Department of Insurance (TDI) has scheduled free compliance workshops to assist property/casualty and life/health insurers and agents in understanding and meeting Texas´ regulatory requirements. The workshops...
May 17 2004 // Hard markets have a way of making insurance company financial strength ratings a hot topic of discussion, and not just among insurance agents and brokers. Professional risk managers and other insurance buyers, consumer...
May 17 2004 // The United States Census Bureau’s Census 2000 estimated the population of the State of Alabama at 4,447,100. Approximately 75 percent of the adult residents had graduated from high school and about 19 percent had...