Latest Casualty Headlines
All the headlines from our Casualty Topic Page, ordered by recency.
2007 Super Regional Property Casualty Insurers™
Feb 11 2007 // Acuity a Mutual Insurance Co. AIG Centennial Insurance Co. AIG Premier Insurance Co. AIU Insurance Alaska National Insurance Alfa Insurance Corp. American Automobile Insurance Co. American Commerce Insurance Co. American...
Introducing…
Feb 11 2007 // A number of property casualty insurers call themselves Super Regionals as a way to differentiate themselves in the marketplace. They pride themselves on being not too big and not too small. Big enough for economies of...
Demotech Classification System
Feb 11 2007 // number of property/casualty insurers call themselves Super Regionals as a way to differentiate themselves in the marketplace. They pride themselves on being not too big and not too small. Big enough for economies of scale...
N.C. Halts Sales By Insurer Accused of Selling Unlicensed Flood Insurance
Feb 9 2007 // North Carolina Insurance Commissioner Jim Long announced that an emergency cease and desist order was served on Continental Casualty Insurance Group, a company his department believes has targeted property owners in...
Washington Commissioner Issues Multiple Fines, Enforcement Actions
Jan 31 2007 // Washington’s Office of the Insurance Commissioner has ordered UnitedHealthcare Insurance Co. of Minneapolis to pay a $59,000 fine following an agency investigation into the company’s use of unapproved contracts...
Providence Property & Casualty Appoints New Officers
Jan 29 2007 // Providence Property & Casualty Insurance Company, which provides workers’ compensation insurance to Professional Employer Organizations (PEOs), has appointed Stephen (Steve) A. Gober as vice president,...
Golden Eagle, Colorado Casualty, Take Billing Online
Jan 24 2007 // Golden Eagle Insurance and Colorado Casualty, both members of Liberty Mutual Group, are now providing Online Billing Service Centers to allow customers to make online payments and view their account summaries and payment...
Feb. 12 is ‘Super’ Monday: Super Regional P/C Insurers™ to be Unveiled
Jan 23 2007 // As excitement over the Super Bowl builds, property casualty insurance professionals are anticipating their own “super” day: Monday, February 12. That’s the date when Insurance Journal magazine, in...
Fla. Places Vanguard Fire & Casualty Under State Control
Jan 22 2007 // Maitland, Fla.-based insurance company Vanguard Fire & Casualty Co. agreed to be placed under state control last Friday, following its announcement earlier this month that it wouldn’t continue writing policies...
After Record 2006, P/C Insurers See Promising 2007 Ahead
Jan 15 2007 // Property/casualty insurers should be able to build on the momentum of 2006 to deliver another profitable year in 2007 if they maintain discipline on price, a group of industry observers told insurance executives attending...
P/C Execs Expect Terrorism Insurance Renewal, Win in Katrina Suits
Jan 11 2007 // Leaders of the property/casualty insurance industry expect Congress to extend the Terrorism Risk and Insurance Act in 2007, according to a survey conducted by the Insurance Information Institute (I.I.I.) at its 11th annual...
S&P: CNA Financial Corp. Units Ratings Withdrawn After Mergers
Jan 9 2007 // Standard & Poor’s Ratings Services said it withdrew its ‘A-‘ counterparty credit and financial strength ratings on 13 insurance subsidiaries of CNA Financial Corp. (NYSE:CNA). This action follows the...
Colorado Casualty Celebrates 25 Years, Expands Personal Lines in West
Jan 8 2007 // Colorado Casualty, a member of Liberty Mutual Group, recently hosted a 25th anniversary celebration with 140 employees and more than 100 appointed agents in attendance. The company also announced it would be expanding its...
Consumer Federation: Insurers Increase Profit Levels by Overpricing Policies
Jan 8 2007 // National consumer organizations joined the Consumer Federation of America (CFA) today in Washington D.C. to release a new study concluding that the property/casualty insurance industry (which includes the nation’s...
Reinsurers dropping rates except for wind-prone U.S. properties
Jan 8 2007 // Reinsurance rates for the property casualty industry are falling or flat, except for insurers with major property wind exposure along the Gulf and East Coasts in the U.S., whose rates are still rising. That is one key...
Absence of hurricane losses proves beneficial to insurers’ bottomline
Jan 8 2007 // P/C industry posts $24.4 billion net gain on underwriting in first three quarters of 2006 Driven by a sharp decline in catastrophe losses from hurricanes and other natural disasters in 2006, the U.S. property/casualty...
Absence of hurricane losses proves beneficial to insurers’ bottomline
Jan 7 2007 // News Currents Driven by a sharp decline in catastrophe losses from hurricanes and other natural disasters in 2006, the U.S. property/casualty industry posted a $24.4 billion net gain on underwriting through nine months....
QBE to Acquire Winterthur US from AXA for $1.16 Billion
Jan 5 2007 // In separate announcements, Australia’s QBE Group and France’s AXA SA said they have reached an agreement for QBE to acquire Winterthur’s US operations, principally General Casualty and Unigard, for...
Wis. General Casualty, Unigard Acquired by Australia-based QBE
Jan 5 2007 // Sun Prairie,Wis.-based insurer General Casualty, its U.S. holding company and sister company Unigard Insurance Group in Bellevue, Wash., are being acquired by Australia-based QBE Insurance Group in an agreement with...
Reinsurance Rates Falling or Flat, Except on U.S. Wind Exposures, Willis Reports
Jan 2 2007 // Reinsurance rates for the property casualty industry are falling or flat, except for insurers with major property wind exposure along the Gulf and East Coasts in the U.S., whose rates are still rising. That is one key...
