P/C Industry News

Financial Commentary

Do under-reserved property/casualty insurers deserve high ratings? Publicly traded property casualty insurance companies must serve many masters. To be competitive in the marketplace, they must offer products that meet the needs of consumers, at prices that are competitive with the …

Western insurance associations: How the West is run

Editor’s note:This is the first article in a series on Western insurance associations. Part II of this article will appear in a future issue. As people migrate to the West to enjoy the weather and opportunities for outdoor activities, insurers’ …

When insurers play the ratings game

Publicly traded property casualty insurance companies must serve many masters. To be competitive in the marketplace, they must offer products that meet the needs of consumers, at prices that are competitive with the expectations of agents as well as the …

When insurers play the ratings game

Publicly traded property casualty insurance companies must serve many masters. To be competitive in the marketplace, they must offer products that meet the needs of consumers, at prices that are competitive with the expectations of agents as well as the …

iPartner Data Management Scorecard Application Released

Atlanta-based iPartners has announced the release of iPartners Insurance Scorecard to help managers in mid-sized property casualty insurance companies to view and analyze all of the data they need to maximize profitability. The hosted Internet application is currently up and …

National Atlantic Appoints Golding to Board of Directors

National Atlantic Holdings Corporation, a provider of specialized property-casualty insurance products and related insurance services based in Freehold, N.J., has appointed Cornelius E. Golding, 58, to its Board of Directors. Golding is a certified public accountant and has more than …

People and Places

Specialty broker Ames & Gough announced the election of Dan Knise as its new president and chief executive officer. Ames & Gough is an insurance broker and risk management consultant specializing in serving architects, engineers, law firms and managed care …

Insurity Names Oyola as Regional VP, Menard as Client Executive

Insurity, which provides processing services and technology to the property casualty insurance industry, has hired Sergio Oyola as regional vice president, sales, and Mark Menard as client executive, compliance reporting. Oyola will be responsible for marketing and selling all Insurity …

A.M. Best: P/C Industry Reports Underwriting Loss

Driven by the largest natural catastrophe in U.S. history, Hurricane Katrina, the U.S. property/casualty industry’s underwriting loss was $2.8 billion for the first nine months of 2005, reversing the $3.4 billion underwriting gain reported during the same period of 2004, …

Surplus lines ready for some uncertainty

The surplus lines market remains alive, healthy and stable. Few argue with the success of this niche-based market, which has risen from 4 percent in 1984 to almost 15 percent of the insurance market in 2005. The National Association of …