Despite substantial rate increases over the past three years, Property/Casualty insurers will not see any dramatic improvement in their financial results by 2004, according to Conning Research & Consulting, Inc. “Property-Casualty Forecast and Analysis by Line of Insurance, First Quarter …
In an increasingly wired business environment, property/casualty insurers and agents face enormous challenges-shrinking profit margins, new business acquisition and retention costs, and changing customer expectations, among others. Confronted with new marketplace and distribution demands, the industry is exploring emerging technologies …
Every day, agents and brokers use financial strength ratings of insurers in their business. A carrier’s ratings may affect an agent’s ability to place risks with that insurer, or the client’s willingness to be insured by a vulnerable carrier, given …
Plano, Texas-based InsBridge Inc. and Systems Consulting Services Inc. (SCSI), of Ellicott City, Md., providers of software solutions to the property and casualty (P&C) insurance industry, announced they are forming a strategic partnership to create a single solution to the …
ACE USA appointed Edward Troy, president, ESIS, to the additional post of executive director, ACE USA Regional Executive Operations. In this expanded role, Troy will assume the executive leadership over the nine ACE USA regional executives who were appointed in …
Under section 326 of the USA Patriot Act, the property/casualty industry remained unaffected in the latest round of proposed rules. This week, Treasury, the Financial Crimes Enforcement Network, and the seven federal financial regulators issued final rules requiring certain institutions …
The McIntyre Group reported today that it had completed a very successful first quarter in terms of revenue generation, new national accounts written and retention of existing business. Despite the relatively flat economy, tensions in the Middle East and hard …
The McIntyre Group Woodland Falls Corporate Park 210 Lake Drive East, Suite 104 Cherry Hill, NJ 08002 Company Contact: Nan Weinberg The McIntyre Group Phone: 856 842 9900 nweinberg@mcintyre-group.com Media Contact: Reg Pierce InMarket Partners, LLC Phone: 610 408 8022 …
A.M. Best Co. downgraded the financial strength rating to “A” (Excellent) from “A+” (Superior) of Liberty Mutual Insurance Cos., based in Boston, Mass. Also downgraded was the financial strength rating of Liberty Northwest Group, Portland, Ore. to “A” (Excellent) from …
Insightful speakers and informative panels will present the most up-to-date overviews of issues affecting P/C insurers writing business in California during the Association of California Insurance Companies’ 14th Annual General Counsel Seminar this summer. The two and one-half day seminar …
