All the headlines from our Property Casualty Topic Page, ordered by recency.
Aug 19 2002 // Standard & Poor’s said the outlook for Hartford Fire Insurance Co. and related property/casualty entities remains negative despite the trend toward improved earnings throughout the remainder of 2002. The...
Aug 19 2002 // S&P assigned its preliminary “BBB+” senior debt, “BBB” subordinated debt, and “BBB-” preferred stock ratings to Seattle-based SAFECO Corp.’s $900 million universal shelf...
Aug 19 2002 // Standard & Poor’s said the outlook for Hartford Fire Insurance Co. and related property/casualty entities remains negative despite the trend toward improved earnings throughout the remainder of 2002. The...
Aug 14 2002 // Iowa-based Acceptance Insurance Companies Inc. announced a net after-tax loss of $5.2 million, or $0.36 per share, for the three months ended June 30, 2002. This compares with a net after-tax loss of $888,000, or $0.06 per...
Aug 13 2002 // Agents have faced the problem ever since insurance companies first introduced applications. Each company had its own form, so the agent who wanted to submit the same account to several underwriters had to write the same...
Aug 12 2002 // Royal & Sun Alliance Insurance Group, the parent of Royal & SunAlliance USA, reported a Group operating result of $458 million for the first half of 2002. The company also announced an underlying operating result...
Aug 5 2002 // Aon Corporation made several appointments to the Property and Casualty Group of its Combined Specialty Group Inc. John Intondi was appointed senior vice president, Claims, and will be responsible for all claims matters for...
Aug 5 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...
Aug 2 2002 // CNA Financial Corporation announced that, effective Aug. 26, James Lewis will become the new president and CEO of CNAProperty & Casualty Operations, CNA’s largest operating business. In his new position, Lewis...
Aug 2 2002 // Fitch Ratings has affirmed the “AA” insurer financial strength rating of American Family Mutual Insurance Company (American Family) and its three property- casualty insurance subsidiaries, American Standard...
Aug 2 2002 // Kansas-based GE Employers Reinsurance Corporation (ERC) named Kyle Rhodes National Accounts Manager for ERC’s Property & Casualty North American Direct Business. Rhodes and his team are responsible for U.S....
Jul 31 2002 // Standard & Poor’s Ratings Services, commenting on Hartford Fire Insurance Co.’s (Hartford Fire) second-quarter earnings, said that the outlook for the company and related property/casualty entities remains...
Jul 30 2002 // In a departure from traditional corporate restructuring strategies, insurers are choosing ventures, alliances and outsourcing over mergers and acquisitions as their preferred vehicles for corporate restructuring, according...
Jul 30 2002 // Zurich North America has formed a strategic alliance with Americana Program Underwriters to introduce the PhysiciansProUSA program, offering property and casualty and selected professional liability...
Jul 26 2002 // AIG chairman M.R. Greenberg says that property and casualty rates are likely to continue their upward climb in 2003.Greenberg reported in a conference call with analysts that insurers are rebuilding their capital base,...
Jul 25 2002 // The Colorado Division of Insurance has fined property/casualty insurer GuideOne Mutual Insurance Company $15,500 as a result of a recent market conduct examination. Violations cited included the alleged failure of the...
Jul 25 2002 // Horace Mann Educators Corporation is restructuring its property and casualty claims operations.The company expects to realize operating and cost efficiencies and also improve customer service by consolidating claims office...
Jul 22 2002 // It’s pretty much common knowledge by now that the property and casualty insurance industry suffered tremendous losses in 2001, and although the tragedies of September 11 can be blamed for much of the economic...
Jul 22 2002 // The nation’s property and casualty insurers reported a $9 billion loss in 2001, compared to a $27 billion profit in 2000, according to research by Weiss Ratings Inc. By year-end, claims surged to a record $381...
Jul 19 2002 // Standard & Poor’s has assigned its preliminary triple-‘B’-plus senior debt, triple-‘B’ subordinated debt, and triple-‘B’-minus preferred stock ratings to Seattle- based SAFECO...