All the headlines from our Property Casualty Topic Page, ordered by recency.
Mar 5 2013 // Lockton Cos. appointed Mary Anne Budworth and Amanda Ruback as vice presidents and account executives in Chicago.Budworth has more than 19 years of experience managing both property/casualty and life and health insurance...
Mar 5 2013 // A.M. Best Co. has removed from under review with negative implications and downgraded the financial strength ratings (FSR) to ‘A-‘ (Excellent) from ‘A’ (Excellent) and the issuer credit ratings...
Mar 1 2013 // Melanie DeVos has been promoted to vice president, Client Services – Property and Casualty at Assurance, an independent insurance brokerage located in Schaumburg, Ill., and St. Louis, Mo.This newly created role is...
Feb 28 2013 // Erie Indemnity Company, the managing company for Erie Insurance, posted 2012 fourth-quarter earnings of $30 million, up 15 percent from earnings of $26 million in the fourth quarter of 2011. Operating income was $29...
Feb 25 2013 // A.M. Best Co. has affirmed the issuer credit rating (ICR) of “bbb+” and all debt ratings of American Financial Group, Inc. (AFG), as well as the financial strength rating (FSR) of ‘A’ (Excellent)...
Feb 22 2013 // Without a single headline referring to a hardening property/casualty insurance market, Wells Media Group has launched a new website—CarrierManagement.com—a business management publication focusing on the needs of...
Feb 21 2013 // Swiss Re reported strong 2012 results with net income for the year of $4.2 billion for full-year 2012, compared to $2.6 billion in 2011. The report said the “result was driven by strong premium and fee income growth...
Feb 14 2013 // Edgewood Partners Insurance Center named George Descalso as a property and casualty insurance producer and principal in its San Mateo, Calif., office. Descalso’s responsibilities include the acquisition of new...
Feb 8 2013 // Hundreds of property/casualty insurance companies have not registered with Alabama regulators as required, prompting the state insurance department to issue a warning and extend the registration deadline to March 31.The...
Feb 7 2013 // At least one industry analyst says that good risk management is protecting insurers as they face a new normal level of catastrophe losses. Other experts believe luck is playing a bigger role than skill.Speaking at the...
Feb 5 2013 // The Hartford Financial Services Group Inc. reported a net loss of $46 million for the 2012 fourth quarter, in contrast to the fourth quarter of 2011 when the company posted $118 million profit.The Hartford,...
Feb 5 2013 // Munich Re’s preliminary financial figures for 2012 show a profit of €3.2 billion [$4.33 billion], compared to catastrophe prone 2011, when it posted a profit of €710 million [$960 million].The reinsurer’s...
Feb 4 2013 // Clearwater, FL, 02/04/13 – In alignment with the corporate initiative for growth of the company’s presence in Central Florida, Atlantic Specialty Lines of Florida , Inc. has added Liz Henderson, AAI, AIS to...
Feb 1 2013 // The Chubb Corp. reported $102 million net profit for its 2012 fourth quarter, down 77.4 percent compared to the fourth quarter of 2011 when the insurer reported $452 million profit. Chubb’s net profit for the...
Jan 30 2013 // Insurer ACE Limited reported a 24 percent fall in quarterly operating profit, hurt by losses related to Superstorm Sandy, and forecast a full-year profit below analysts’ estimates.After-tax catastrophe losses tripled...
Jan 29 2013 // Both the life and property/casualty (P/C) insurance industries will be challenged in 2013 by slow economic growth that dampens sales and by evolving regulatory frameworks, according to Moody’s Investors Service in...
Jan 28 2013 // A.M. Best Co. has affirmed the issuer credit rating (ICR) of “bbb” of New York-based American International Group, Inc. (AIG), as well as the financial strength rating (FSR) of ‘A’ (Excellent) and...
Jan 28 2013 // Property/casualty insurance executives believe that the U.S. economy is still not on the right track. According to a survey conducted by the Insurance Information Institute, 77 percent of P/C leaders hold this view.The...
Jan 28 2013 // While a rating agency analyst contends that good risk management is protecting insurers as they face a new normal level of catastrophe losses, other experts believe luck is playing a bigger role than skill.Speaking at the...
Jan 28 2013 // Willis North AmericaWillis North America, a unit of global insurance broker Willis Group Holdings, has relocated its Cleveland, Ohio office to 1001 Lakeside Ave., Suite 1600. Willis established a presence in Ohio more than...