All the headlines from our Property Casualty Topic Page, ordered by recency.
Mar 22 2002 // GE’s Employers Reinsurance Corporation announced it will form a single global property & casualty reinsurance business by combining its Property and Casualty Re Americas and Europe/Asia operating units. Rick...
Mar 19 2002 // New York State Insurance Department Superintendent Gregory V. Serio urged the State’s Assembly to pass pending legislation which would extend the use of Risk Based Capital standards to property/casualty insurers.The...
Mar 18 2002 // As a result of losses and uncertainty in the industry, General Electric is considering a plan to spin off its property/casualty business, according to the Wall Street Journal.The plan may include an initial public offering...
Mar 15 2002 // Standard & Poor’s lowered its financial strength rating on medical insurer Lawrenceville Property and Casualty Co., a division of the troubled medical insurer MIIX Group, by two rating categories to...
Mar 15 2002 // Fitch has assigned an ‘A’ rating to Travelers Property Casualty Corp.’s (TAP) proposed issuance of $850 million convertible junior subordinated notes due 2032. The Rating Outlook is Stable. As part of its...
Mar 15 2002 // Magnify, a provider of advanced predictive analytic and decisioning software and solutions, has signed a strategic alliance with Computer Sciences Corporation (CSC). Under the terms of the agreement, CSC will add...
Mar 13 2002 // According to a report released by the Insurance Services Office (ISO), U.S. property and casualty insurers paid $24 billion in claims for 2001—the largest amount ever—mainly a result of the terrorist attacks on...
Mar 11 2002 // Acting Commissioner of Insurance J. Robert Wooley named Paula Pellerin-Davis as the new Deputy Commissioner of the Office of Property and Casualty for the Louisiana Department of Insurance. Davis previously served as...
Mar 4 2002 // The National Conference of Insurance Legislators’ (NCOIL) regulatory modernization model law is an important step in the effort to streamline state regulation and enhance a competitive insurance marketplace according...
Feb 26 2002 // Aon Corporation has named F. Marshall Turner, President — Property & Casualty, Combined Specialty Corporation. “We’re very happy to have Marshall join Combined Specialty Corporation as a member of...
Feb 25 2002 // Like life itself, insurance began in the ocean, eventually spawning the various land-based descendants we’ve come to know. While those terrestrial variants-auto, homeowners, commercial liability, among others-now...
Feb 25 2002 // Analysts and insurance company CEOs who recently addressed the Property/Casualty Insurance Joint Industry Forum in New York City presented remarkably consistent predictions about the future of the insurance industry in the...
Feb 25 2002 // Analysts and insurance company CEOs who recently addressed the Property/Casualty Insurance Joint Industry Forum in New York City presented remarkably consistent predictions about the future of the insurance industry in the...
Feb 25 2002 // Like life itself, insurance began in the ocean, eventually spawning like the varius land-based descendents we’ve come to know. While those terrestrial variants-auto, homeowners, commercial liability, among others-now...
Feb 14 2002 // Ohio Department of Insurance Director Lee Covington announced that Ohio is among the first states to no longer require insurance companies to make paper financial statement filings to the Department of Insurance. The...
Feb 13 2002 // Standard & Poor’s announced that it has lowered its long-term counterparty credit and insurer financial strength ratings on the operating entities of Scandinavia’s If P&C Group to...
Feb 12 2002 // James A.Tignanelli will take over as head of Prudential New Jersey’s property/ casualty business, following his appointment as president of The Prudential Property and Casualty Insurance Company of New Jersey (PRUPAC...
Feb 12 2002 // Citing higher-than-normal fire losses, ongoing challenges in its manufactured housing sector, and higher non-catastrophe weather related losses, Cincinnati-based specialty insurance products and services provider, The...
Feb 11 2002 // One key indicator of any country’s economic health is the confidence of investors in its commercial enterprises. By that standard Mexico is on a roll.Since the end of the currency crisis in 1994, and the introduction...
Feb 8 2002 // New York State Insurance Department Superintendent Gregory V. Serio announced that for the first time property/casualty agents in New York State can renew their licenses over the Internet.“The new on-line program for...