All the headlines from our Property Casualty Topic Page, ordered by recency.
Sep 4 2000 // The “BBBpi” financial strength rating on IDS Property Casualty Insurance Company was affirmed by S&P. The overall objective of the Wisconsin-based company, a wholly owned subsidiary of American Express...
Sep 4 2000 // “AA” insurer financial strength ratings were assigned to all property/casualty subsidiaries of Horace Mann Educators Corp. by Fitch. The companies are Horace Mann Insurance Co., Teachers Insurance Co.,...
Aug 31 2000 // CIBC completed the sale of its property and casualty insurance companies–The Personal Insurance Company of Canada and CIBC General Insurance Company Limited–to Desjardins- Laurentian Financial Corporation...
Aug 28 2000 // In what would be a first ever alliance, Japan’s second largest life insurer, Dai-Ichi Mutual Life Insurance, and leading p/c insurer, Yasuda Fire & Marine Insurance Co., have reportedly agreed to combine...
Aug 28 2000 // IDC released its market forecast for online sales of personal property and casualty insurance today, predicting the Internet will influence 37% of all premiums purchased in 2004. These findings indicate that despite the...
Aug 21 2000 // A lot has been happening up in Seattle-at SAFECO’s headquarters in particular. On Aug. 3, Roger Eigsti, chairman and CEO of SAFECO Corp., announced his retirement, effective Dec. 31, 2000. That same day, Randy...
Aug 21 2000 // Fremont General Corporation, the nationwide insurance and financial services holding company, posted a combined ratio for second quarter 2000 of 259.0 percent, compared to 95.7 percent reported for second quarter 1999.Also...
Aug 16 2000 // Commercial property-casualty rates continued to increase across the country according to a report by The Council of Insurance Agents and Brokers.Through its quarterly Market Index Survey, released today, The Council...
Aug 14 2000 // Fremont General Corporation reported a second quarter net loss of $268,073,000 comprised of a net loss from continuing operations of $270,318,000 and an after tax gain on the extinguishment of debt of $2,245,000.The...
Aug 7 2000 // Over the past three weeks, U.S. property/casualty insurers have been busy posting their second-quarter results. With continuing low premium rates and high claims costs, it may look like bad news for the industry as a...
Aug 7 2000 // “AA-” counterparty credit and financial strength ratings were assigned to the following property/casualty units of Unitrin Inc.: Trinity Universal Ins. Co., Milwaukee Casualty Ins. Co., Milwaukee Safeguard Ins....
Aug 7 2000 // Over the past three weeks, U.S. property/casualty insurers have been busy posting their second-quarter results. With continuing low premium rates and high claims costs, it may look like bad news for the industry as a...
Aug 3 2000 // Roger Eigsti, chairman and chief executive officer of SAFECO Corp,, today announced his intention to retire effective Dec. 31, 2000.In addition, Randy Stoddard, president of SAFECO Property & Casualty companies,...
Jul 28 2000 // ACORD bestowed an Early Adopter Award on online insurance provider InsWeb for its efforts to develop the XML (Extensible Markup Language) standard for p/c insurance transactions.According to Gregory A. Maciag, president...
Jul 27 2000 // American International Group’s second-quarter operating profit rose 13 percent to $1.43 billion, matching analysts’ estimates. The New York-based insurer said net profit, including realized investment losses,...
Jul 18 2000 // Insurers in the property/casualty sector will not be able to reduce expense levels significantly unless they address their commission and other acquisition expenses, according to a recent Conning & Company...
Jun 28 2000 // AGF’s announcement that it would launch an on-line p/c insurer, OKassurance, on July 3 validates the promise, made last March, to create France’s first such siteThe third largest French P/C insurer, which is 51...
Jun 26 2000 // Traditional P&C Agencies Should Consider a Life Department for Increasing Profits, RetentionInsured households carry more coverage than ever before, but at the same time the insurance industry is reaching fewer U.S....
Jun 26 2000 // The U.S. property/casualty industry’s net income after taxes dropped 35.4 percent to $5.8 billion in first-quarter 2000, down from $9 billion in first-quarter 1999, according to Insurance Services Office Inc. (ISO)...
Jun 22 2000 // CIBC has agreed to sell its property and casualty insurance companies, The Personal Insurance Company of Canada and CIBC General Insurance Company Limited, to Desjardins-Laurentian Financial Corporation (DLFC), subject to...