Fitch has revised its sector outlook on the U.S. property/casualty insurance industry to stable from negative for both the commercial lines and personal lines sectors. The ratings agency says that a stable outlook for the sector indicates that Fitch believes …
Fitch has revised its sector outlook on the U.S. property/casualty insurance industry to stable from negative for both the commercial lines and personal lines sectors. The ratings agency says that a stable outlook for the sector indicates that Fitch believes …
The U.S. property/casualty industry experienced modest growth in premiums written but overall the industry saw deterioration in underwriting profitability in second-quarter 2010, fueled by trends among personal lines carriers. That’s according to an analysis of newly obtained statutory insurance data …
When companies go out of business, their leaders often blame something other than their own performance for the failure. Lehman Bros.’s CEO Richard Fuld said his immense compensation package had nothing to do with his firm’s death in 2008. Ken …
The U.S. property and casualty industry experienced modest growth in premiums written but overall the industry saw deterioration in underwriting profitability in second-quarter 2010, fueled by trends among personal lines carriers. That’s according to an analysis of newly obtained statutory …
Liberty Mutual Liberty Mutual Group has reorganized its commercial property, casualty and specialty lines insurance units as well as claims and loss control services for the insurer’s national accounts and mid-sized business clients. The new distribution and service organization will …
The American psychologist and philosopher William James once said, “Pessimism leads to weakness, optimism to power.” This may be the adage of the Top 25 Property/Casualty companies based upon the dollar amount of direct written premium growth from 2009 to …
The California State Compensation Insurance Fund has named Tom Rowe president, CEO and member of the Executive Committee. He will report directly to the Board of Directors and is responsible for the day-to-day operations of State Fund. As head of …
A.M. Best Co. has commented that the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of New York Marine Group and its members and the ICR of ‘”bbb’” of its ultimate holding company, NYMAGIC, …
The Ward Group has named the top 50 property/casualty insurers, based on its evaluation of more than 3,000 companies domiciled in the United States. Companies named to the list had surplus and premiums of at least $50 million for each …
