All the headlines from our Property Casualty Topic Page, ordered by recency.
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...
Oct 7 2013 // Too many cooks spoil the broth?Not at Senn-Dunn Insurance. The Greensboro, N.C., agency — the 2013 winner of Insurance Journal‘s Best Agency to Work For in the Southeast — has 22 owners. That’s about 15...
Oct 7 2013 // Fair, professional, ethical and transparent – just a few of the words employees used to describe Insurance Journal‘s 2013 Best Overall Agency to Work For: Adrian, Mich.-based Kapnick Insurance Group.“Kapnick...
Oct 4 2013 // The New Jersey Department of Banking and Insurance recently announced a new data call request to the insurance industry to evaluate Superstorm Sandy-related claims and monitor market conditions for property/casualty...
Oct 3 2013 // If and when the federal government resumes operations, a multistate producer licensing reform bill long pushed by the country’s insurance agent lobby could be among the few bipartisan pieces of business Congress...
Oct 3 2013 // Private U.S. property/casualty insurers’ net income after taxes rose to $24.5 billion in first-half 2013 from $17.2 billion in first-half of last year.Insurers’ overall profitability as measured by their...
Oct 1 2013 // CNA Financial Corp., the insurer controlled by Loews Corp., is looking to sell its payout annuities business to focus on property and casualty coverage, three people with knowledge of the matter said.CNA is working with...
Oct 1 2013 // Florida homeowner insurer Heritage Property & Casualty Insurance has named Mel Russell as its new chief underwriting officer, executive vice president and director of Sales and Marketing. Russell has 36 years of...
Sep 30 2013 // If Congress fails to agree by midnight tonight on a resolution to continue funding the federal government, the property/casualty insurance industry should not be seriously affected by the resulting shutdown.The insurance...
Sep 27 2013 // Florida’s Consumer Advocate Robin Westcott has resigned to become the vice president of the American Association of Insurance Services, an Illinois-based industry organization that develops standardized forms and...