Latest Casualty Headlines
All the headlines from our Casualty Topic Page, ordered by recency.
AmWINS CEO DeCarlo on Colemont Merger, Texas and Going Global
May 3 2010 // The acquisition of wholesale insurance broker Colemont Insurance Brokers by its competitor AmWINS Group gives AmWINS entry into international markets for the first time and a bigger presence in Texas, where Colemont is...
AmWINS CEO DeCarlo on Colemont Merger, Texas and Going Global
May 3 2010 // The acquisition of wholesale insurance broker Colemont Insurance Brokers by its competitor AmWINS Group gives AmWINS entry into international markets for the first time and a bigger presence in Texas, where Colemont is...
Stabilization of AIG Continues, Government Reports
Apr 28 2010 // American International Group (AIG) has “remained relatively stable” thanks in great measure to the more than $180 billion in taxpayer assistance the giant insurer has received since March 2008, according to a...
United Fire & Casualty Earned Premiums Down in Q1, Net Income Up
Apr 26 2010 // Cedar Rapids, Iowa-based insurance company United Fire & Casualty Co. reported a dip in premiums earned in the first quarter of 2010 compared with that in the same period in 2009, but total revenues and net income...
Colorado Casualty Names Nance-Ona as Nevada Territory Manager
Apr 23 2010 // Colorado Casualty, a Liberty Mutual Agency Markets regional company, announced the appointment of Diane Nance-Ona as territory manager for Nevada. Nance-Ona will implement operational strategies and marketing plans to...
Bank Style Regulations Would Raise Insurance Costs, Analyst Says
Apr 21 2010 // Bank style regulation on property/casualty insurers would lead to significant policy error, says a leading insurance industry econmist. “Bank style regulation would needlessly raise insurance costs for hundreds of...
Coon Named President of Mid-Continent Casualty Company
Apr 20 2010 // Mid-Continent Casualty Company, based in Cincinnati, Ohio, has named H. Michael (“Mike”) Coon president and chief operating officer. Coon succeeds Jim Pierce, who was named chairman and chief executive officer...
People
Apr 19 2010 // CNA appointed Nancy Osborn branch vice president for its Phoenix and Albuquerque, N.M., offices; and Connie Taylor vice president of its new Los Angeles branch office, scheduled to open in May. Osborn began her insurance...
Correction: Crump Group No. 1 Overall Wholesaler
Apr 16 2010 // The original story on the acquisition of Colemont Brokers by AmWINS Group identified the post-merger AmWINS as the largest wholesale broker. But this is only true when considering property/casualty premiums...
P/C Industry’s Net Income Up $25B in 2009; Combined Ratio Improves
Apr 15 2010 // The U.S. property/casualty industry’s profitability as measured by their rate of return on average policyholders’ surplus (or statutory net worth) increased by 5.8 percent in 2009, while private P/C...
AmWINS CEO DeCarlo on Colemont Merger, Texas and Going Global
Apr 14 2010 // The acquisition of wholesale insurance broker Colemont Insurance Brokers by its competitor AmWINS Group gives AmWINS entry into international markets for the first time and a bigger presence in Texas, where Colemont is...
Starr Indemnity Forms General Casualty Excess Group
Apr 14 2010 // Starr Indemnity & Liability Co. Inc. has formed General Casualty Excess Group, which will provide liability options for accounts that use risk management services. Starr Indemnity can offer up to $25 million in...
Universal Casualty May Sell Auto Insurance in Missouri Again
Apr 12 2010 // The Missouri Department of Insurance has lifted its restrictions on Chicago-based auto insurance company, Universal Casualty Co., allowing it to start offering new policies in Missouri again. Director John M. Huff issued a...
People
Apr 5 2010 // Accident Fund Insurance Company of America, based in Lansing, Mich., appointed Lisa Riddle the new vice president of Claims and Medical Operations. In her new role, Riddle is responsible for the strategic direction of...
Oklahoma Seeks Receivership of Imperial Casualty and Indemnity
Apr 5 2010 // Oklahoma insurance regulators have moved to seize a workers’ compensation insurer they say is insolvent and whose owners are being accused of deceptive financial transactions involving another recently-liquidated...
People
Apr 5 2010 // Novato, Calif.-based Fireman’s Fund Insurance Co. named David Zona senior vice president of product management in commercial insurance. He will be responsible for setting direction and priorities for various...
Beauvais to Head Ironshore’s Construction Practice in U.S.
Apr 5 2010 // Specialty insurer Ironshore Inc. announced that Ben Beauvais will head the company’s domestic construction practice within its U.S. Specialty Casualty division, including the operations of IronBuilt. Beauvais, based...
IMA of Texas Hires Bailey as VP – Benefits, Property and Casualty
Apr 2 2010 // IMA of Texas Inc., a retail insurance broker and risk management firm, announced that Kyle A. Bailey joined the company as a vice president for employee benefits and property and casualty insurance. Bailey has more than 12...
A.M. Best Downgrades Interstate Bankers Casualty Company
Mar 30 2010 // A.M. Best Co. has downgraded the financial strength rating to B+ (Good) from B++ (Good) and issuer credit ratings to “bbb-” from “bbb” of Interstate Bankers Casualty Company of Chicago, Ill. The...
Best Affirms Hartford’s ICR – Outlook Negative; Other Ratings Affirmed
Mar 29 2010 // A.M. Best Co. affirmed the issuer credit rating (ICR) of “bbb+” of The Hartford Financial Services Group, Inc. with a negative outlook. The rating agency also affirmed the FSRs of ‘A’ (Excellent)...
