All the headlines from our Property Casualty Topic Page, ordered by recency.
Aug 5 2013 // Welcome to Insurance Journal‘s new and improved Top 100 Independent Property/Casualty Agencies report.This year’s Top 100 features a number of agencies that are new to the list thanks to a change that ranks the...
Aug 5 2013 // For nine years now Insurance Journal has strived to identify the nation’s leading privately held independent property/casualty insurance agencies in our annual Top 100 P/C Agencies special report. This year, we dug a...
Aug 2 2013 // Washington’s State Supreme Court has affirmed that insurers are liable for illegal actions committed by their agents, a decision that will enable the state’s insurance commissioner to continue to go after bad...
Aug 2 2013 // American International Group Inc. announced its first capital return since its 2008 bailout, through a dividend and share buyback, sending its shares up 6 percent after the bell.The insurer, which was almost wiped out by...
Aug 1 2013 // If Congress fails to renew or makes significant changes to the federal government’s terrorism risk insurance program, some insurers will be forced to significantly alter their underwriting portfolios to reduce...
Jul 30 2013 // At a time when efforts are underway to require additional supervision of some large insurers, a new government report concludes that the insurance industry’s own practices and the policies of state and federal...
Jul 30 2013 // The Hartford Financial Services Group reported a net loss of $190 million for the 2013 second quarter. The quarterly loss widened compared to the same time a year ago, when the insurer reported a net loss of $101...
Jul 26 2013 // The Chubb Corp. reported its 2013 second quarter net income of $579 million, a 43.3 percent increase from $404 million net income posted a year ago.The company said it benefited from higher rates and stronger underlying...
Jul 24 2013 // ACE Limited reported net income for the quarter ended June 30, 2013, of $2.59 per share, compared with $0.96 per share for the same quarter last year. Operating income was $2.29 per share, compared with $2.17 per share for...
Jul 23 2013 // Folsom, CA, 07/23/13 – In an effort to gain valuable insight about their company and vendor members, CIWA has elected to revise their bylaws and allow for more associate members. “CIWA is adapting to the...
Jul 22 2013 // When a veteran of CNA joined Berkshire Hathaway Specialty Insurance to lead the new venture’s professional liability division a few weeks ago, the news did not receive the press that followed the first four recruits...
Jul 19 2013 // The ACE Group has appointed Jarrod Hill to Executive VP and Head of International Property for ACE’s Overseas General business, effective September 1, 2013. He will have responsibility for all of ACE’s retail...
Jul 11 2013 // American International Group has appointed Jim Dwane as the new president and CEO for its property/casualty business in Latin America and the Caribbean, effective immediately.He will be responsible for AIG’s...
Jul 2 2013 // Assurant, Inc., a provider of specialized insurance and insurance-related products and services, has finalized the structure of the company’s 2013 Property Catastrophe Reinsurance Program, including $185 million of...
Jul 1 2013 // First quarter results for U.S. property/casualty insurers show they made a profit on underwriting for the first time since late 2009.Private U.S. property/casualty insurers’ net income after taxes rose to $14.4...
Jul 1 2013 // Direct premium growth for property/casualty insurance companies continues to increase. At year-end 2012, more than $523 billion of direct premium written (DPW) was reported, an all-time high for the industry. For 2012,...
Jun 28 2013 // The biggest overhaul of insurance accounting in 30 years advanced a step on Thursday with the release of a proposal that some insurers fear could make their profits more volatile.In a move to align financial statements...
Jun 27 2013 // Ames & Gough, an insurance broker and risk management consultant serving design professionals, law firms, associations/non-profits and other professional service firms, appointed Allison Barefoot as assistant vice...
Jun 26 2013 // The value of social media as a tool for marketing and selling property/casualty insurance may be a matter of debate but one thing is for certain: While the nature of social media may be evolving, it’s not going...
Jun 25 2013 // Financial impairments in the property/casualty insurance industry fell more in line with recent trends and historical levels in 2012, following a sharp spike in 2011. There were 21 P/C impairments in 2012, a sizable...