Latest Casualty Headlines
All the headlines from our Casualty Topic Page, ordered by recency.
People
Feb 10 2008 // Louisiana Workers’ Compensation Corporation hired Michael Page as director of safety and loss prevention. Page previously was director of loss prevention services for Workforce Safety and Insurance in North Dakota...
Former Ohio Casualty CEO Carmichael Joins Atlanta Consulting Firm
Jan 30 2008 // Atlanta-based Proudfoot Consulting named Dan R. Carmichael, former CEO of Ohio Casualty Corp., as senior advisor to the firm. Carmichael will help clients within Proudfoot’s insurance practice improve their operating...
Ex-N.M. Deputy Insurance Superintendent on Trial for Fraud
Jan 22 2008 // The fraud and corruption trial of former state Deputy Insurance Superintendent Joe Ruiz, who is accused of trying to coerce an insurance company to donate money to his favorite charity rather than pay state fines, will...
People
Jan 13 2008 // Giant insurance broker Marsh announced changes to its global organizational structure as well as several senior management appointments. Marsh said its global insurance broking business will be consolidated into two...
People
Jan 13 2008 // Dallas-based regional insurer, The Republic Group, appointed Jim Drawert to the new position of vice president – Industry Relations. Additionally, Cathy Link has joined Republic as chief underwriting officer. Drawert...
Needle Joins Endurance as VP-Excess Casualty
Jan 9 2008 // Bermuda-based Endurance Specialty Holdings Ltd. announced that Robert Needle will join the Group, as Executive Vice President Excess Casualty and Professional Lines, subject to approval by the Bermuda Department of...
A.M. Best Puts Georgia Casualty & Surety Under Review Pending Deal
Jan 4 2008 // A.M. Best Co. has placed the financial strength rating of B+ (Good) and the issuer credit rating of “bbb-” of Georgia Casualty & Surety Company under review with positive implications. The rating actions...
Ala.: Birmingham’s Casualty & Surety Buys JC Shannon Insurance
Jan 4 2008 // Birmingham, Ala.-based property and casualty brokerage firm, Casualty & Surety Inc., acquired JC Shannon Insurance Services Inc., of Fresno, Calif. JC Shannon specializes in truck physical damage and cargo coverage,...
Guaranty Fund System Continues to Deliver
Jan 4 2008 // At the heart of every property and casualty insurance contract lies a promise to soften the blow of misfortune. But what happens when an insurance company becomes financially troubled, fails and is no longer able to uphold...
Vanek Elected President of Texas Fire and Casualty Association
Jan 4 2008 // Greg Vanek of Waco was elected president of the Association of Fire and Casualty Companies in Texas (AFACT) for the 2008-2009 term. Vanek is president and chief executive officer of National Lloyds and American Summit...
Proposed Federal Regulation of Insurance Hotly Debated
Dec 31 2007 // Participants on a panel session debating the pros and cons of proposed federal regulation of the insurance industry at the Casualty Actuarial Society’s (CAS) annual meeting agreed there is a need for regulatory...
Atlantic American Sells P/C Business to Missouri’s Columbia Mutual
Dec 28 2007 // Atlanta-based Atlantic American Corp. has agreed to sell its property/ casualty unit to Columbia Mutual Insurance Co. of Columbia, Missouri, part of the Columbia Insurance Group. The regional property and casualty business...
Wells Fargo Names Brogan Director of Casualty Group
Dec 28 2007 // San Francisco-based Wells Fargo Insurance Services has named Kevin Brogan managing director, national practice leader, casualty. He will be based at the company’s corporate headquarters in Chicago. In his new role,...
P/C Insurers’ Net Income, Surplus Rose But Profitability Dropped
Dec 27 2007 // The U.S. property/casualty insurance industry’s net income after taxes rose 7.1 percent to $49.4 billion through nine-months 2007 from $46.1 billion through nine-months 2006. Fueled by the industry’s net...
People
Dec 23 2007 // Toledo, Ohio-based privately held commercial insurance brokerage, the Hylant Group, has named John W. Chaney as president of the Cleveland office and regional vice president. Chaney will be responsible for the overall...
Zurich Names Two Execs to Lead Casualty, Property Units
Dec 18 2007 // Zurich named Kevin McCracken as executive vice president-casualty, and Joseph Tocco as executive vice president-property for the insurer’s Global Corporate in North America unit, effective Jan. 1, 2008. Both will now...
Lockton Expands St. Louis Risk Management Team
Dec 17 2007 // Mo.-based Lockton recently announced that it has expanded its St. Louis brokerage team with the addition of Linda Liston as vice president-Account Executive, and Debra Bunce and Diane Fischer as account executives, and...
BMS Group Acquires Property/Casualty Team in Minn.
Dec 6 2007 // Global reinsurer BMS announced today that it has acquired a P/C brokerage team based in Minneapolis. The nine member team is led by senior brokers Jim Brost and Mike Joyce. “The acquisition of this team boosts our...
Fla. Insurance Regulator Names New Property And Casualty Director
Dec 4 2007 // Florida Insurance Commissioner Kevin McCarty promoted Robin Westcott to director of property and casualty financial oversight with the Office of Insurance Regulation effective Nov. 28. Westcott will report to Deputy...
Texas Supreme Court Shakes up Outlook for Co-insurers at Odds
Dec 2 2007 // Overpaying insurer may not always have cause of action against underpaying company It is common for an insured to have two insurers cover the same risk. When the insured is sued regarding that risk, both insurers have a...
