Latest Casualty Headlines

Medical Liability Insurer Sold by Washington Commissioner

Sep 8 2006 // After operating a major insurer of the Washington’s rural hospitals and medical centers for more than three years under a court order, Insurance Commissioner Mike Kreidler has announced his intent to sell the...

Revenue is King for P/C Insurers, But Bigger Isn’t Better, Study Reports

Sep 6 2006 // A comprehensive study of property and casualty insurance companies in North America, Western Europe and Australia has determined that the top line is more often the bottom line than previously thought. Bain finds that the...

Fitch: P/C Insurers’ Performance Exceeding Estimates for ’06

Sep 6 2006 // The U.S. property/casualty insurance industry showed continued favorable and improved operating performance in the first half of 2006 and, based on first-half results and barring any unusual events going forward, the...

Texas Regulators Announce July 2006 Enforcement Actions

Sep 5 2006 // The Texas Department of Insurance recently announced enforcement actions taken by Commissioner Mike Geeslin that became final during July. The actions include 24 license revocations, one license denial and fines and...

Rates are softening

Sep 4 2006 // As the surplus lines world turns to another year of soft market conditions, specialists and innovators may be the ones to survive as increasing competition intensifies, according to excess and surplus lines brokers,...

Also, Phillip Hill was elected chief financial officer and vice president of operations. Hill has been part of Ogilvy-Hi

Sep 4 2006 // People Ogilvy-Hill Insurance elected Mark Shipp president and CEO. Shipp has been with Ogilvy Hill for 11 years. In addition to his new role as president/CEO he will continue to build new relationships in the field. The...

Grant Joins SWBC as CEO of Property and Casualty Division

Aug 29 2006 // San Antonio, Texas-based Southwest Business Corporation (SWBC) announced that Nick Grant has joined SWBC as the chief executive officer of the Property and Casualty Division in their San Antonio office. As CEO of the...

Casualty & Surety, Inc. announces new National Mining Program

Aug 18 2006 // BIRMINGHAM, Alabama – Casualty & Surety, Inc. (CSI), a specialty MGA, is pleased to announce that it has been granted underwriting authority for a new National Mining Program. “Our carrier is rated...

Infinity Property and Casualty Declares Quarterly Dividend

Jul 26 2006 // Infinity Property and Casualty Corp. of Birmingham, Ala. has declared a quarterly dividend of $0.075 per share of Infinity Property and Casualty Common Stock. The dividend is payable on Aug. 21, 2006 to holders of record...

U.S. property/casualty industry posts record 1Q profits

Jul 24 2006 // The U.S. property/casualty industry’s net gain on underwriting rose $1.4 billion, or 20.8 percent, to $8.4 billion in first-quarter 2006 from $6.9 billion in first-quarter 2005. The combined ratio–a key measure...

Jul 24 2006 // People Suburban Chicago-based Property Casualty Insurers Association of America appointed Genio Staranczak as its chief economist. Dr. Staranczak will be responsible for economic analysis on the full range of public policy...

Optional federal charter is needed

Jul 24 2006 // Editor’s note: The following excerpt is edited from an oral statement made by Joseph J. Beneducci, president of Fireman’s Fund at the Senate Banking, Housing and Urban Affairs Committee’s July 11 hearing...

Wis. General Casualty Names New Claims Senior Vice President

Jul 24 2006 // Sun Prairie, Wis-based General Casualty Insurance Companies have named Jim Blair senior vice president of the company’s claims department, replacing Don Suominen who retired in March. Blair has more than 30 years of...

Optional federal charter is needed

Jul 24 2006 // Editor’s note: The following excerpt is edited from an oral statement made by Joseph J. Beneducci, president of Fireman’s Fund at the Senate Banking, Housing and Urban Affairs Committee’s July 11 hearing...

U.S. property/casualty industry posts record 1Q profits

Jul 24 2006 // News Currents The U.S. property/casualty industry’s net gain on underwriting rose $1.4 billion, or 20.8 percent, to $8.4 billion in first-quarter 2006 from $6.9 billion in first-quarter 2005. The combined...

Optional federal charter is needed

Jul 24 2006 // Editor’s note: The following excerpt is edited from an oral statement made by Joseph J. Beneducci, president of Fireman’s Fund at the Senate Banking, Housing and Urban Affairs Committee’s July 11 hearing...

Optional federal charter is needed

Jul 24 2006 // Editor’s note: The following excerpt is edited from an oral statement made by Joseph J. Beneducci, president of Fireman’s Fund at the Senate Banking, Housing and Urban Affairs Committee’s July 11 hearing...

Colorado Casualty Provides Disaster Planning Web Tool for Businesses

Jul 20 2006 // Businesses insured through Colorado Casualty, a member of Liberty Mutual Group, will be among the first in the Mountain West and Southwest states to be able to use Open for Business, a free, web-based tool that allows them...

ACE USA Realigns Construction Industry Practice

Jul 19 2006 // ACE USA, the U.S.-based retail operating division of the ACE Group of Companies, has announced that its Construction Industry Practice, formerly part of ACE Risk Management, will now become a unit of ACE Casualty Risk, and...

Colorado Casualty Offers Policyholders Disaster Planning Guides

Jul 18 2006 // Colorado Casualty, a member of Liberty Mutual Group, is helping its 14,000 homeowner insurance policyholders and homeowners throughout the West and Southwestern states protect their families and homes during wildfire...