All the headlines from our Property Casualty Topic Page, ordered by recency.
Nov 7 2013 // A survey of North American insurance professionals reveals widespread use of predictive analytics in the property/casualty insurance industry, with as many as 82 percent responding that they use predictive modeling in one...
Nov 7 2013 // Springfield, Ill.-based Horace Mann Educators Corp. has named Stephen P. Cardinal to lead its property/casualty business as executive vice president, effective immediately. Cardinal succeeds Thomas C. Wilkinson, who will...
Nov 6 2013 // While generally not a material drag on the U.S. property/casualty industry’s earnings, industry losses from asbestos and environmental (A&E) claims resumed an upward climb in 2012, according to a new A.M. Best...
Nov 4 2013 // XL Group Plc, the insurer led by Chief Executive Officer Mike McGavick, hired David Miller as senior vice president and head of claims for international property/casualty coverage.Miller joins from American International...
Nov 4 2013 // It may not be quite as dire as a “merge or die” mindset, but the message from the head of Confie Seguros is that independent agents should take a hard look at the McKinsey report that claims local independent...
Nov 4 2013 // Chief financial officers with leading North American property/casualty insurers believe both property and casualty insurance markets are in the midst of hardening, according to a new North American Property & Casualty...
Nov 1 2013 // American International Group Inc., the insurer that repaid a U.S. rescue last year, said third- quarter profit climbed 17 percent as underwriting margins improved at the property-casualty business.Net income rose to $2.17...
Oct 31 2013 // The XL Group announced net income and operating net income of $135.6 million and $154.6 million, respectively, compared to net income and operating net income of $171.9 million and $188.0 million, respectively, in Q3...
Oct 30 2013 // A.M. Best Co. has revised the outlook for the issuer credit rating (ICR) to positive from stable as well as affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and ICRs of “a” of the...
Oct 29 2013 // Hartford Financial Services Group Inc.’s profit surged as the insurer focused on property/casualty coverage after divesting life and annuity units. The company gained in extended trading.Third-quarter net income...
Oct 28 2013 // A recent report from McKinsey & Co. had some bad news for local property/casualty insurance agents— many of them will be out of business within the next five to 10 years.McKinsey contends that “the economics of...
Oct 25 2013 // American International Group Inc. hired Seraina Maag from XL Group Plc to run the Europe, Middle East and Africa region as Chief Executive Officer Robert Benmosche reshapes the insurer’s leadership.Maag, 45, will be...
Oct 24 2013 // The Missouri Department of Insurance announced that Julie Lederer has joined the department as the appointed Missouri property/casualty actuary.Lederer will support the Divisions of Insurance Company Regulation and...
Oct 24 2013 // ACE Limited reported net income for the quarter ended September 30, 2013, of $916 million, $2.66 per share, compared with $640 million, $1.86 per share, for the same quarter last year. Operating income was $857 million,...
Oct 22 2013 // Chief financial officers with leading North American property/casualty insurers believe both property and casualty insurance markets are in the midst of hardening, according to a new North American Property & Casualty...
Oct 10 2013 // While property/casualty insurance stock valuation levels are finally exceeding book values after four years of below-book levels, a near-term return to higher historical valuation levels is unlikely, according to a new...
Oct 9 2013 // Florida’s second largest property insurer is paying a fine of $1.26 million.Florida Insurance Commissioner Kevin McCarty announced Monday that Universal Property & Casualty Insurance Co. has agreed to pay the...
Oct 9 2013 // Failure to handle claims within specified time frames and using unapproved forms and rates are the top two criticisms of property/casualty insurers by market conduct regulators, according to a new report.Waltham,...
Oct 9 2013 // Commercial property insurance buyers could see prices fall from 10 to 20 percent on non-catastrophe risks in 2014 thanks to the influx of alternative capital to the insurance industry, insurance and reinsurance broker...
Oct 7 2013 // The new Shanghai free trade zone should benefit property/casualty insurers, particularly those in marine/cargo and liability insurance, according to Moody’s Credit Outlook.On Sept. 29, the date that Shanghai’s...