All the headlines from our Property Casualty Topic Page, ordered by recency.
Dec 1 2003 // It’s “inevitable” that the advanced merger discussions between Travelers Property Casualty Corp. and St. Paul Companies succeed, according to one industry analyst.Though most insurance industry...
Dec 1 2003 // While U.S. property and casualty insurance carriers have worked hard in the past couple of years to follow the “return to underwriting” command, looking critically at the risks they’re insuring and...
Dec 1 2003 // It’s “inevitable” that the advanced merger discussions between Travelers Property Casualty Corp. and St. Paul Companies succeed, according to one industry analyst. Though most insurance industry...
Nov 26 2003 // Standard & Poor’s Ratings Services has issued a comment on the Japanese P/C sector, indicating that “a recovery in bottom-line profits recorded by all 10 major Japanese non-life insurers for the first half...
Nov 24 2003 // Colonial Properties Trust announced that Alabama-based Infinity Property and Casualty Corporation will relocate its corporate headquarters to Colonial Center at Colonnade on or prior to April 1, 2005. Infinity Insurance...
Nov 24 2003 // U.S. ocean marine insurers expect 2003 full-year results will show continued profit as underwriters maintain their pricing discipline, according to David French, chairman, American Institute of Marine Underwriters...
Nov 24 2003 // According to a recent nationwide survey conducted by Deep Customer Connections, Inc. (DCC), a Massachusetts-based management consulting firm serving the property and casualty (P/C) industry, National Grange Mutual (NGM),...
Nov 24 2003 // Liberty Mutual will open an office in the southwestern city of Chonquing in December, marking the company’s entry into the Chinese P/C market. Liberty had received the go ahead from the China Insurance Regulatory...
Nov 21 2003 // The ACORD Awards will be given out at the ACORD LOMA Insurance Systems Forum, May 23-25, 2004 in Las Vegas, and the Awards will reportedly focus on outstanding achievements for implementations that highlight business...
Nov 21 2003 // Pennsylvania-based IDP has redesigned its Web site (www.idpnet.com) for easier navigation and quicker access to more information on its line of P/C insurance technology products and services.The site has an expanded front...
Nov 19 2003 // Despite reported significant premium growth since 1998, the U.S. property/casualty industry’s profitability continues its long downward trend, an industry leader said Tuesday.Speaking at the annual meeting of the...
Nov 17 2003 // Loss and loss adjustment expense reserves are one of the more important factors utilized to scrutinize property and casualty insurance financial statements. A review of the June 30, 2003 quarterly statements of 2,569...
Nov 14 2003 // U.S.-based insurers’ reinsurance credit exposures have increased significantly during a period in which the credit quality of the reinsurance industry has deteriorated, according to a new research report published by...
Nov 11 2003 // BISYS, a provider of business process outsourcing solutions for the financial services sector, announced its acquisition of Florida-based USA Insurance Group, a managing general agency (MGA) serving the commercial property...
Nov 6 2003 // The Hartford Financial Services Group, Inc. reported net income per diluted share of $1.20 for the third quarter of 2003, up from $1.06 per diluted share in the third quarter of 2002. Net income increased 29 percent to...
Nov 6 2003 // Des Moines, Iowa-based carrier EMC Insurance Group Inc. reported operating income of 49 cents per share for the third quarter ended Sept. 30, 2003, compared to 46 cents per share for the third quarter of 2002.Operating...
Nov 4 2003 // Zurich Financial Services Group announced that it has signed an agreement for the sale of its wholly owned Non-life subsidiary in the Philippines, Zurich General Insurance Philippines, Inc., to Standard Insurance Company,...
Nov 4 2003 // Bermuda’s Max Re Capital Ltd. reported net income for the three months ended September 30, 2003 of $38.8 million, or $0.89 per diluted share, compared to a net loss of $14.3 million, or $0.37 per diluted share, for...
Nov 3 2003 // Corporate governance, the future of asbestos legislation, and building capital strength will be among the topics discussed this month at the 2003 annual Property/Casualty Executive Conference, as announced by conference...
Nov 3 2003 // The AscendantOne® unit of Insurance Services Office, Inc. (ISO) and RebusIS announced an alliance to integrate AscendantOne’s rate-management system with Genius, RebusIS’s web-based property/casualty policy...