All the headlines from our Property Casualty Topic Page, ordered by recency.
Oct 10 2002 // The Louisiana Workers’ Compensation Corporation (LWCC) was recognized as being one of the top 50 property and casualty insurers in the nation by Ward Group, a Cincinnati-based management consulting firm specializing...
Oct 10 2002 // Nevada Insurance Commissioner Alice A. Molasky-Arman has approved a mobile homeowners insurance rate change for the Foremost Insurance Company Grand Rapids, Michigan (“Foremost Insurance”), American Federation...
Oct 8 2002 // The property/casualty industry saw a gain in the number of rating downgrades issued by A.M. Best Co. for the second consecutive year, according to the special report, “Rating Downgrades Outpace Upgrades Despite...
Oct 8 2002 // The U.S. excess and surplus lines market reported a 35 percent increase in direct premium volume in 2001, according to the “Annual Review of the Excess & Surplus Lines Industry-September 2002,” released by...
Sep 30 2002 // While many experts have questioned the continued viability of small insurers, this group actually grew faster than the largest insurers and achieved better underwriting results during the period 1996-2000, according to a...
Sep 25 2002 // The U.S. property/casualty industry’s net income after taxes rose 66.4 percent to $4.6 billion in first-half 2002 from $2.8 billion in first-half 2001, primarily because of improved underwriting results. But the...
Sep 25 2002 // The six-month profit increase earned by property & casualty insurers reported recently by A.M. Best Co. is a step in the right direction, but conditions in the industry aren’t as rosy as such improved financials...
Sep 24 2002 // The nation’s property and casualty insurers reported a $5.5 billion profit for the first three months of 2002, representing a $260 million, or 4.9 percent, increase over the same period last year, according to Weiss...
Sep 20 2002 // The U.S. Treasury Department’s final rules on implementation of the USA Patriot Act exclude property/casualty insurers from specific sections of the law aimed at detecting terrorists’ money laundering schemes...
Sep 20 2002 // Skywire Software, a software development and EAI products and services company based in Frisco, Texas, along with investment partner Tobat Capital, announced the acquisition of Thazar Solutions Corporation. Thazar...
Sep 16 2002 // While many experts have questioned the continued viability of small insurers, this group actually grew faster than the largest insurers and achieved better underwriting results during the period 1996-2000, according to a...
Sep 16 2002 // We have all heard the old adage that to succeed we need to do one thing and do it well. That might be one formula for success, but it is not the only one.There are two main types of growth—vertical and horizontal....
Sep 16 2002 // We have all heard the old adage that to succeed we need to do one thing and do it well. That might be one formula for success, but it is not the only one.There are two main types of growth—vertical and horizontal....
Sep 10 2002 // Economic factors such as rapidly increasing claims costs are driving the increase in insurance premiums, according to the Alliance of American Insurers.“As the insurance industry recovers from its disastrous results...
Sep 2 2002 // When the Sept. 10, 2001 issue of the Insurance Journal carried Demotech’s predictions on the maximum number of insolvencies that would occur in the property and casualty insurance industry over the period Jan. 1,...
Sep 2 2002 // When the Sept. 10, 2001 issue of the Insurance Journal carried Demotech’s predictions on the maximum number of insolvencies that would occur in the property and casualty insurance industry over the period Jan. 1,...
Aug 28 2002 // A news release on investment fraud scams issued by a state securities regulator group grossly misidentifies the perpetrators as independent insurance agents, said Independent Insurance Agents & Brokers of America...
Aug 26 2002 // Robert V. James has been promoted to CNA insurance companies’ executive vice president of U.S. Insurance Operations for CNA Property & Casualty Operations. The announcement came from James R. Lewis who precedes...
Aug 20 2002 // CNA announced that Robert V. James has been promoted to CNA insurance companies’ executive vice president of U.S. Insurance Operations for CNA Property & Casualty Operations, effective August 26, 2002.The...
Aug 19 2002 // Fitch Ratings released a special report, “Asbestos: Impact on the U.S. Insurance Industry,” describing how future claims will affect property and casualty insurers. The report includes estimates of...