All the headlines from our Property Casualty Topic Page, ordered by recency.
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...
May 17 2004 // Over the past three decades, 80 percent of the terrorist attacks against the United States have been directed against American businesses in foreign locations. In 2001, about 400 American businesses were attacked. Compared...
May 12 2004 // A.M. Best Co. has taken a number of rating actions concerning several subsidiaries of Aon Corp.It affirmed the financial strength ratings of “A” (Excellent) of Aon’s life/health operations–Combined...
May 12 2004 // Insurer ratings agency A.M. Best Co. has affirmed the financial strength ratings of “A” (Excellent) of Chicago-based Aon Corp.’s life/health operations—Combined Insurance Company of America (CICA) and...
May 11 2004 // Standard & Poor’s Credit Market Services has issued a report on the U.S. P/C industry, which notes that the rating agency is maintaining its negative rating outlook on this sector of the commercial insurance...
May 11 2004 // Insurance Journal recently published a list of the top 100 largest property/casualty independent agencies and brokers in its May 3, 2004 issue. The list was compiled based on information that agencies voluntarily submitted...
May 11 2004 // In one of the largest business opinion polls ever taken in Arizona, “Ranking Arizona” named Farmers Insurance Group the best Property and Casualty Insurance Company for the third year in a row. This is the...
May 6 2004 // A newly issued report from Standard & Poor’s concludes that “France’s mutual insurance sector remains healthy, but its long-term prosperity is being threatened by external competition and exposure...
May 6 2004 // Max Re Capital Ltd. joined its compatriots in Bermuda in reporting very good first quarter profits. The company announced that net income for the three months ended March 31, 2004, was 43 million, or net income of $0.87...
May 4 2004 // Florida’s just-ended legislative session “proved to be very productive,” an official with the National Association of Mutual Insurance Companies (NAMIC) said. Florida lawmakers enacted several key...
May 3 2004 // The property/casualty insurance industry’s net income after taxes rose to $29.9 billion in 2003—nearly 10 times the industry’s $3 billion in net income in 2002.Benefiting from both the $29.9 billion in net...
May 3 2004 // A.M. Best Co. announced the availability of “Best’s Statement File Supplement for Schedule F and Schedule S” on a single CD-ROM that contains both databases.“These databases include reinsurance data...
May 3 2004 // Kyle Stevens, vice president, branch manager of the Dallas branch office of Western Security Surplus Insurance Brokers (WSS) announced that with the addition of its new property & casualty market, they now have...
May 3 2004 // The Texas Department of Insurance (TDI) has scheduled a compliance workshop to assist property and casualty insurers and agents in understanding and meeting Texas´ regulatory requirements.The workshop will be held June 3,...