All the headlines from our Property Casualty Topic Page, ordered by recency.
Jan 7 2002 // On Dec. 21, Sen. Charles Schumer (D-N.Y.), introduced the National Insurance Chartering and Supervision Act, providing for the optional federal chartering, regulation and supervision of insurance companies and agencies.The...
Jan 7 2002 // ecDataFlow, a provider of custom predictive e-commerce software, has acquired the ACES Online Claims Processing software to help streamline and expedite the property & casualty and medical claims processes. According...
Jan 1 2002 // The U.S. property/casualty industry registered a $3.1 billion net loss following taxes through nine-months 2001– its first-ever net loss following taxes through nine months. Reflecting the net loss and unrealized...
Dec 24 2001 // In what became one of the most significant, traumatic and challenging years in U.S. history, the insurance industry, along with the rest of the nation, has had to come to terms with the terrorist attacks perpetrated...
Dec 20 2001 // Standard & Poor’s lowered its senior debt and preferred stock ratings on Travelers Property Casualty Corp. to “A-” and “BBB”, respectively, from “A+” and “A-.” At...
Dec 17 2001 // Fitch published a review of the nine-month 2001 reported GAAP results for the larger property/casualty insurers to assess operating performance thus far this year and to get an early indication of results for full-year...
Dec 17 2001 // Recollections and Renewal: Looking Back at 2001 with an Eye to the FutureThis is the year that was. It is one that many people will be glad to see come to an end because the new year always brings hope—for a rebirth, for...
Dec 14 2001 // State insurance commissioners have advanced a model law to modernize commercial rate and form filings, with final approval possible in the spring.A working group of the National Association of Insurance Commissioners...
Dec 12 2001 // InsuranceNoodle announced it has begun licensing its web-based NoodleASP(TM) technology solution to regional/national brokers, P&C carriers, managing general agents (MGA), and managing general underwriters (MGU). The...
Dec 10 2001 // Owners of ski retail and rental shops and ski resorts may see some tougher conditions this year, as the ski insurance industry faces the overall hardening of the property/casualty market. More scrutiny in underwriting and...
Dec 10 2001 // Fitch published a review of the nine-month 2001 reported GAAP results for the larger property/casualty insurers to assess operating performance thus far this year and to get an early indication of results for full-year...
Dec 4 2001 // Fitch published a review of the nine-month 2001 reported GAAP results for the larger property/casualty insurers to assess operating performance thus far this year and to get an early indication of results for full-year...
Dec 3 2001 // New state laws concerning workers’ compensation, automobile insurance, financial and other regulatory requirements account for over half of the property/casualty-related insurance laws enacted by state legislatures...
Dec 3 2001 // Financial Keyosk, a growing online financial services solution providing assistance to agents, has come on the scene with the goal of helping agents obtain carrier markets, expand products and make their businesses run...
Nov 26 2001 // Following SAFECO’s announcement of loss reserve strengthening, A.M. Best Co. continued to maintain a negative outlook on the property/casualty operations’ financial strength rating of “A.” In...
Nov 21 2001 // Following Seattle-based SAFECO’s announced loss reserve strengthening and subsequent discussions with management, A.M. Best Co. has affirmed the financial strength rating of A (Excellent) for the property/casualty...
Nov 20 2001 // New state laws concerning workers’ compensation, automobile insurance, financial and other regulatory requirements account for over half of the property/casualty-related insurance laws enacted by state legislatures...
Nov 14 2001 // France’s AXA reported that global consolidated revenues for the first nine months of the year totaled €55.539 billion ($49.429 billion), a 2.5 percent increase over last year’s comparable figures, despite...
Nov 12 2001 // Financial Keyosk, a growing online financial services solution providing assistance to agents, has come on the scene with the goal of helping agents obtain carrier markets, expand products and make their businesses run...
Nov 9 2001 // The U.K.’s Royal & Sun Alliance reported that group operating results were $472 million for the first nine months of the year, compared with $738 million for the same period last year, a 36 percent drop.Most of...