Latest Casualty Headlines
All the headlines from our Casualty Topic Page, ordered by recency.
Cotnoir Joins Safety National’s Large Casualty Unit
Oct 1 2010 // St. Louis, Mo.-based Safety National announced that Stephen H. Cotnoir has joined the company’s Large Casualty unit. His hiring coincides with the founding of Safety National’s regional underwriting office in...
P/C Insurers Post First Half Profit Despite Underwriting Losses
Sep 16 2010 // Private U.S. property/casualty insurers’ net income after taxes rose to $16.5 billion in first-half 2010 from $6 billion in first-half 2009, with insurers’ overall profitability as measured by their annualized...
Correction: Star Casualty Insurance Co.’s Ratings Affirmed
Sep 14 2010 // Correction: Insurance Journal regrets an error in the original headline of this story, posted on Sept. 13, 2010, that incorrectly stated Star Casualty’s ratings were downgraded. Star Casualty’s ratings were...
2010 Education & Training Directory
Aug 16 2010 // Insurance Journal is pleased to publish the 2010 Education and Training Directory. This exclusive resource directory has been designed to help independent agents and brokers find educational and training opportunities to...
E&S Wrap Up: Broker Mergers, Expansions and Start Ups
Aug 12 2010 // As goes the circle of life, so goes the wholesale insurance broker world. Not even the sixth year of a soft market cycle has deterred industry veterans from launching new wholesale businesses or creating larger ones. Many...
Berkshire Hathaway Profit Down on Derivatives But Insurance Way Up
Aug 9 2010 // Warren Buffett’s Berkshire Hathaway Inc. said Friday second-quarter profit fell 40 percent, as declining stock prices depressed the value of his derivative contracts. Operating profit nevertheless soared 73 percent,...
Cincinnati Financial Q2 2010 Income Up from Previous Year
Aug 5 2010 // Cincinnati Financial Corp. saw net income for the second quarter of 2010 rise to $27 million compared with a net loss of $19 million for the same period in 2009. Operating income for the quarter was $42 million compared...
Texas Commissioner Orders $551K in Fines and Restitution in June
Aug 5 2010 // Enforcement actions taken by Texas Insurance Commissioner Mike Geeslin that became final during June 2010 included four license revocations, three license denials, and fines and restitution totaling $551,012. Copies of...
Wyman Named UK Head of Casualty for Torus
Aug 4 2010 // Global specialty insurer Torus is expanding its casualty platform with the appointment of David Whyman as senior vice president, UK head of Casualty, based in London. Reporting to David Perez, president and chief...
People
Aug 2 2010 // Stephen M. Franz was named senior vice president of Dallas-based managing general agency and wholesale broker Capstone Underwriters LLC. Franz has been with Capstone since 2004. Prior to Capstone, he held positions at all...
Top 25 Carriers’ First Quarter Results Show Soft Market May Have Finally Hit Bottom
Aug 2 2010 // The American psychologist and philosopher William James once said, “Pessimism leads to weakness, optimism to power.” This may be the adage of the Top 25 Property/Casualty companies based upon the dollar amount...
Powers Named CEO of W.R. Berkley’s Carolina Casualty
Jul 30 2010 // W. R. Berkley Corp. has appointed Douglas J. Powers as president and chief executive officer of Carolina Casualty Insurance Co., succeeding William E. Haines. The appointment is effective immediately. Powers has 25 years...
Best Assigns ‘A’ Ratings to China Re Group; Outlook Stable
Jul 27 2010 // A.M. Best Co. has assigned a financial strength rating of ‘A’ (Excellent) and issuer credit ratings of “a” to China Reinsurance (Group) Corporation (China Re or the Group) and its subsidiaries,...
United Fire & Casualty P/C Unit Sees Decline in Premiums, Claims
Jul 27 2010 // United Fire & Casualty Co., headquartered in Cedar Rapids, Iowa, reported that net premiums written in its property/casualty sector declined in the three-month and six-month periods ended June 30, 2010, as compared...
Worldwide Facilities Names Saflor VP, Casualty Broker
Jul 23 2010 // Worldwide Facilitieshas named Carlota Saflor a vice president and casualty broker in its San Francisco office. Saflor was formerly with Crump in San Francisco for almost 14 years, and ACE Westchester for 10 years.
As the Wholesale World Turns
Jul 19 2010 // E&S Brokerage Mergers, Expansions and Start Ups, Oh My! As goes the circle of life, so goes the wholesale insurance broker world. Not even the sixth year of a soft market cycle has deterred industry veterans from...
Ward Group Names Top 50 Performing P/C Insurers
Jul 16 2010 // The Ward Group has named the top 50 property/casualty insurers, based on its evaluation of more than 3,000 companies domiciled in the United States. Companies named to the list had surplus and premiums of at least $50...
People
Jul 5 2010 // Donald D. Larson has been named president and chief operating officer of the Great American Property and Casualty Group and Great American Insurance Co. Larson is the 16th president in Great American’s history. He...
People
Jul 5 2010 // Donald D. Larson has been named president and chief operating officer of the Great American Property and Casualty Group and Great American Insurance Co. Larson is the 16th president in Great American’s history. He...
People
Jul 5 2010 // The Independent Insurance Agents of Texas (IIAT) elected David Wood, vice president and partner at Bogan, Dunlap & Wood Insurance in Odessa, to serve as the association’s president for 2010-2011. Other newly...
