All the headlines from our Property Casualty Topic Page, ordered by recency.
Jun 24 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...
Jun 20 2013 // A.M. Best Co. has affirmed the financial strength ratings (FSR) of ‘A-‘ (Excellent) and issuer credit ratings (ICR) of “a-” of the property/casualty subsidiaries and affiliated insurance companies...
Jun 19 2013 // A report this month from consulting firm McKinsey & Company says market forces and technology are changing the role of the agent in the property/casualty insurance distribution.The report, titled “Agents of the...
Jun 19 2013 // Willis North America named Kristen Foley as client advocate and senior vice president of property/casualty for Willis of Northern California.Foley will be responsible for business development and expanding Willis’...
Jun 18 2013 // The Travelers Companies’ decision to acquire Dominion of Canada General Insurance, a unit of E-L Financial Corp., for $1.1 billion makes strategic sense, according to analysts.The acquisition now allows Travelers to...
Jun 18 2013 // The Canadian property and casualty insurance industry is expanding with the launch of the Receivables Insurance Association of Canada. “Less than 1 percent of Canadian companies currently utilize receivables...
Jun 17 2013 // A.M. Best Co. has revised the outlook to positive from stable and affirmed the financial strength ratings (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa” of the North America...
Jun 13 2013 // Allstate’s “Mayhem” trumped State Farm Mutual’s the “Good Neighbor” in advertising dollars in 2012. According to an analysis by SNL Financial, Allstate’s ad spend increased 14.8...
Jun 13 2013 // Richardson, TX, 6/13/13 – KBM Group, a marketing services company specializing in helping companies with customer engagement strategies, is releasing results of its independent research on the impact customer engagement...
Jun 12 2013 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A++’ (Superior) and issuer credit ratings (ICR) of “aa+” of General Reinsurance Corporation, headquartered in Stamford, Conn., and...
Jun 11 2013 // American International Group Inc. added John Doyle and Sid Sankaran to the insurer’s executive group as Chief Executive Office Robert Benmosche narrows the company’s focus after repaying a U.S. bailout.Doyle is...
Jun 7 2013 // Socius Insurance Services Inc., a management liability and property/casualty insurance wholesaler, has hired Michael Morman as assistant vice president – property/casualty producer. Morman will be based in Elgin, Ill, in...
Jun 4 2013 // Can you have it “all”?It’s one of the questions that women in business get asked a lot but men are never asked. It’s also one of the questions fielded by a panel of women insurance industry...
Jun 3 2013 // Philadelphia Insurance Companies announced the hiring of Ziad Kubursi as senior vice president of specialty lines and Karen Votta as vice president of large accounts for commercial lines. Ziad Kubursi will lead the...
Jun 3 2013 // The original criteria and objective definition for the Near Nationals was established in the Feb. 12, 2007, issue of Insurance Journal. The Demotech Company Classification System categorizes insurers into one of 11...
May 31 2013 // Networking is the single biggest thing women can do to facilitate their rise up the corporate ladder in the property/casualty insurance industry, according to four women who have done just that.And being a sponsor is one...
May 31 2013 // Florida’s second largest property insurer is being hit with a fine of nearly $1.3 million.Florida Insurance Commissioner Kevin McCarty announced that his office was assessing a fine against Universal Property &...
May 31 2013 // A.M. Best Co. has revised the outlook to positive from stable and affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa” of the property/casualty...
May 31 2013 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A++’ (Superior) and issuer credit ratings (ICR) of “aa+” of State Farm Mutual Automobile Insurance Company (SFMAIC) and its...
May 28 2013 // Underwriting and operating results for the U.S. property/casualty (P/C) industry improved substantially in 2012 compared with 2011. Net income increased by nearly 52 percent to $39.9 billion from $26.3 billion, reflecting...