P/C Industry News

P/C industry net income, overall profitability slips

The U.S. property/casualty insurance industry’s net income after taxes dipped to $15.8 billion in first-quarter 2007 from $16.7 billion in first-quarter 2006 and $17.7 billion in first-quarter 2005, according to industry analysts at the ISO and the Property Casualty Insurers …

Figures

$2.175 Billion U.S. property/casualty insurers are expected to pay homeowners and businesses an estimated $2.175 billion for second-quarter property losses resulting from six catastrophes in 25 states — tying the record for the second-lowest number of catastrophes in a second …

News Currents

P/C industry net income, overall profitability slips The U.S. property/casualty insurance industry’s net income after taxes dipped to $15.8 billion in first-quarter 2007 from $16.7 billion in first-quarter 2006 and $17.7 billion in first-quarter 2005, according to industry analysts at …

MyNewMarkets.com Announces 2008 Market Exchange

SAN DIEGO – Insurance Journal’s new online service, MyNewMarkets.com, is launching a new market focused conference oriented toward helping retail agents and brokers find the coverages they need. The first conference, named the “MyNewMarkets.com Exchange,” is scheduled for February 15, …

A.M. Best: P/C Industry Posts 1Q Underwriting Profit

The U.S. property/casualty industry followed record profits in 2006 with continued favorable trends in first quarter 2007, posting net income after taxes of $16.7 billion. An underwriting gain of $8.0 billion and net investment income of nearly $14 billion propelled …

P/C Industry Net Income, Overall Profitability Slip in 1Q 2007

The U.S. property/casualty insurance industry’s net income after taxes dipped to $15.8 billion in first-quarter 2007 from $16.7 billion in first-quarter 2006 and $17.7 billion in first-quarter 2005, according to industry analysts at the ISO and the Property Casualty Insurers …

People and Places

The Property Casualty Insurers Association of Americahired Benjamin J. McKay III as senior vice president of federal government relations in its Washington, D.C., office.Previously, McKay served as chief of staff for U.S. Rep. Katherine Harris, R-Fla. McKay also served for …

People

The Property Casualty Insurers Association of America hired Benjamin J. McKay III as senior vice president of federal government relations in its Washington, D.C., office. Previously, McKay served as chief of staff for U.S. Rep. Katherine Harris, R-Fla. McKay also …

Ark. Commissioner Speaks to Senate Committee on State of P/C Industry

Arkansas Insurance Commissioner Julie Benafield Bowman testified before the United States Senate Committee on Commerce, Science and Transportation on April 11 on the overall state of the property/casualty insurance market and its regulatory landscape. Speaking in support of state-based insurance …

A look behind the very good P/C results for 2006

The numbers, or estimates, for the property casualty insurance industry for 2006 are in, and Dr. Robert Hartwig, president and chief economist of the Insurance Information Institute, discussed them with Insurance Journal’s Andrew Simpson at I.I.I.’s Joint Property Casualty Insurance …