Latest Casualty Headlines

Watson Wyatt: Property/Casualty Insurance Market to Remain Soft in 2008

Dec 2 2007 // The market for property and casualty insurance will stay soft in 2008, as premiums are expected to either decline or remain flat, according to actuarial and risk management experts at global consulting firm, Watson Wyatt...

Guaranty Fund System Continues to Deliver

Dec 2 2007 // Funds fulfill statutory promise to protect policyholders 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...

Nov 18 2007 // People Lockton Companies LLC appointed Frank Scardino as president of the company’s Dallas property and casualty operation. In his new position, Scardino is responsible for setting the vision and long-term strategies...

Locked Into the Customer

Nov 18 2007 // The force behind Lockton’s phenomenal organic growth Insurance Journal is pleased to launch a new series of profiles of privately-held property/casualty independent insurance agencies that qualify for the annual...

Markel to Open New Onshore Energy Casualty Unit

Nov 16 2007 // Markel Global Marine & Energy Inc. (MGME) announced the planned expansion of the company’s product offerings through a new Onshore Energy Casualty Department. The new department will be open January...

Watson Wyatt: P/C Market to Remain Soft in 2008

Nov 16 2007 // The market for property and casualty insurance will stay soft in 2008, as premiums are expected to either decline or remain flat, according to actuarial and risk management experts at global consulting firm, Watson Wyatt...

NIF Group, NOVA Casualty Offers New Program for Social Service Agencies

Nov 15 2007 // Manhasset, N.Y.-based NIF Group, Inc., a program administrator and specialty brokerage firm, recently announced that NOVA Casualty will offer a new market for social service agencies. NIF Group will underwrite the program...

Colemont Adds Assistant Vice President, Casualty Marketing Manager

Nov 9 2007 // Chicago-based Colemont Insurance Brokers recently announced that Laura Purcell was named to the position of assistant vice president and casualty marketing manager for Colemont-Chicago. She will be responsible for...

Sloan Mason Offers Pipeline Construction Casualty Package

Nov 6 2007 // San Diego-based Sloan Mason is offering a provision of competitive coverages for pipeline construction contractors. Coverages include workers comp/general liability/umbrella liability/auto/inland marine/property with an AM...

Ohio Casualty Honored by Technology Company, ASCnet

Nov 5 2007 // Ohio Casualty, a member of Liberty Mutual Group, announced that it was recently honored with three awards from Applied Systems Client Network (ASCnet), the user group for Applied Systems agency management technology, in...

People

Nov 4 2007 // Valiant Insurance Group Inc. announced that John N. DiBlanda has joined its U.S. property and casualty insurance operations as chief financial officer and chief operating officer. Prior to joining Valiant, DiBlanda served...

Texas Sept. Enforcements Result in Nearly $376K in Fines, Restitution

Oct 30 2007 // Enforcement actions taken by Texas Insurance Commissioner Mike Geeslin that became final during September 2007 include 12 license revocations, three license denials and fines and restitution totaling $375,983, the Texas...

People

Oct 27 2007 // Kyle Stevens was elected the new president and chief executive officer of Western Security Surplus Insurance Brokers, a wholesale broker and managing general agency with offices in California and Texas. Stevens has served...

Premium Growth: Top 25 P/C premium gainers for first-half 2007

Oct 27 2007 // According to Gail Sheehy, growth demands a temporary surrender of security. Although it is unlikely she was speaking of property and casualty insurance industry marketshare when she made this comment, it seems to me that...

Aug. Enforcement Actions in Texas Result in $205K in Fines, Restitution

Oct 12 2007 // The Texas Department of Insurance enforcement actions that became final during August 2007 include five license revocations, a license denial, and fines and restitution totaling $205,428, the department reported. An order...

Property/Casualty Insurers to Pay $1.13 Billion in 3Q Cat Claims

Oct 11 2007 // U.S. property/casualty insurers are expected to pay homeowners and businesses an estimated $1.125 billion for third-quarter property losses resulting from a total of six catastrophes in 11 states, according to preliminary...

Taylor Appointed to Texas P/C Insurance Legislative Oversight Committee

Oct 11 2007 // Rep. Larry Taylor (Friendswood), an insurance agent, was appointed by Texas House of Representatives Speaker Tom Craddick to the Property Casualty Insurance Legislative Oversight Committee. Rep. Senfronia Thompson...

Munich Re Changes Model in Push for More U.S. P/C Business

Oct 10 2007 // Munich Re announced a new long-term “profitable growth strategy” aimed at increasing its share of both direct and broker reinsurance, as well as primary insurance, in the U.S. P/C market. The Group writes more...

Washington Casualty Earns Reinstatement of License in Ore.

Oct 10 2007 // Washington Casualty Company (WCC), a medical professional liability firm, recently announced that it has earned the reinstatement of its license to underwrite insurance in Oregon. The announcement coincides with the...

News Currents

Oct 8 2007 // California clarifies surplus lines rules for retail agents California retail agent-brokers not transacting insurance on behalf of surplus line broker organizations are not required to follow a new law affecting surplus...