All the headlines from our Property Casualty Topic Page, ordered by recency.
Aug 7 2003 // Infinity Property and Casualty Corporation of Birmingham, Ala., announced that it declared a quarterly dividend of $0.05-1/2 per share of Infinity Property and Casualty common stock. The dividend is payable on August 28,...
Aug 7 2003 // CNA Financial Corporation reported net income for the second quarter of 2003 of $70 million, or $0.25 per share, as compared with net income of $31 million, or $0.14 per share, for the same period in 2002. Net income for...
Aug 6 2003 // In the 24-month period from Dec. 31, 2000 through Dec. 31, 2002, the property and casualty industry strengthened prior period loss and loss adjustment expense reserves by approximately $40 billion. Traditionally the...
Aug 6 2003 // Springfield, Ill.-based Horace Mann Educators Corp. reported net income of $2.1 million (5 cents per share) and $10.2 million (24 cents per share), respectively, for the three and six months ended June 30, 2003, compared...
Aug 6 2003 // Birmingham, Ala.-based Vesta Insurance Group Inc. reported a net operating loss from continuing operations of $5.4 million, or $(0.16) per share in the second quarter of 2003 compared to a net operating loss from...
Aug 5 2003 // Bermuda-based Max Re Capital Ltd. reported net income for the three months ended June 30, 2003 of $30.8 million, or net income of $0.81 per diluted share, compared to a net loss of $5.0 million, or a net loss of $0.13 per...
Aug 4 2003 // On July 31, the panel issued its ruling in the confidential asbestos arbitration between Travelers Property Casualty Corp. and ACandS, Inc. As a result of the ruling, asbestos bodily injury claims paid by ACandS on or...
Aug 4 2003 // Milliman USA announced that it has opened a new office to provide a full range of services to the property and casualty insurance and re-insurance industries. The new Milliman office will consist of the senior consultants...
Aug 1 2003 // Cincinnati-based carrier American Financial Group Inc. reported second-quarter net earnings of of $30.5 million (44 cents per share).The results included an after-tax charge of $28.5 million (41 cents per share) for the...
Jul 29 2003 // Springfield, Ill.-based Horace Mann Educators Corp., which provides insurance and annuities to educators, announced that its net income for the second quarter and six months ended June 30 was negatively affected by about...
Jul 29 2003 // ClaimIQ, a San Francisco-based provider of decision support solutions for Property-Casualty insurance carriers, announced the Version 2.0 release of InjuryIQ(TM), LiabilityIQ(TM), and VerityIQ(TM). ClaimIQ’s...
Jul 23 2003 // New York-based Arch Insurance Group, a division of Arch Capital Group Ltd., announced the formation of a Captive Agents Unit, which will specialize in addressing the professional liability exposures of Company Sponsored...
Jul 21 2003 // A.M. Best Co. has placed the financial strength rating of “A” (Excellent) of the members of GE Financial/P&C under review with developing implications. The action follows the June 25 announcement that...
Jul 18 2003 // Standard & Poor’s Ratings Services said today that it revised its outlook on Birmingham, Ala.-based personal lines writer Infinity Property and Casualty Corp. and Infinity’s insurance subsidiaries to...
Jul 7 2003 // The U.S. property/casualty industry’s net income after taxes rose 20.6 percent to $6.4 billion in first-quarter 2003 from $5.3 billion in first-quarter 2002, driven by improved underwriting results and an increase in...
Jul 7 2003 // The property/casualty insurance industry reported a statutory rate of return of 8.8 percent in the first quarter of 2003, up from a disappointing 1.0 percent in 2002 and the worst-ever negative 2.4 percent recorded in...
Jul 7 2003 // Insurance industry officials from around the country will meet July 17 in Austin to discuss insurance reform legislation passed during the 78th session of the Texas Legislature. Three hundred industry representatives plan...
Jul 7 2003 // The U.S. property/casualty industry’s net income after taxes rose 20.6 percent to $6.4 billion in first-quarter 2003 from $5.3 billion in first-quarter 2002, driven by improved underwriting results and an increase in...
Jul 7 2003 // The property/casualty insurance industry reported a statutory rate of return of 8.8 percent in the first quarter of 2003, up from a disappointing one percent in 2002 and the worst-ever negative 2.4 percent recorded in...
Jul 2 2003 // Computer Sciences Corporation has introduced POINT IN, insurance administration software CSC designed for small- to mid-sized property and casualty (P/C) insurers and managing general agents. POINT IN, which is a new...