property/casualty insurers News

Report Card: California Insurance Commissioner Dave Jones

Insurance Commissioner Dave Jones marked his first full year in office last month by looking back on his and the California Department of Insurance’s accomplishments during 2011. Insurance Journal wants to know from those in the industry: Is Jones an …

Industry Report Card: California Insurance Commissioner Dave Jones

Insurance Commissioner Dave Jones marked his first full year in office recently by looking back on his and the California Department of Insurance’s accomplishments during 2011. “A little over a year ago, I took my oath as insurance commissioner and …

Bills Named Colorado Casualty President and CEO

Centennial, Colo.–based Colorado Casualty has named Lucas J. Bills as president and chief executive officer of the commercial lines company, which operates in Arizona, Colorado, Nevada, New Mexico, Utah and Wyoming. Bills joined Colorado Casualty in 2009 as regional vice …

California Insurance Commissioner Dave Jones: Year One Report Card

Insurance Commissioner Dave Jones marked his first full year in office last week by looking back on his and the California Department of Insurance’s accomplishments during 2011. “A little over a year ago, I took my oath as insurance commissioner …

California Insurance Commissioner Dave Jones: Year One Poll

Insurance Commissioner Dave Jones marked his first full year in office this week by looking back on his and the California Department of Insurance’s accomplishments during 2011. “A little over a year ago, I took my oath as insurance commissioner …

Western Insurance Forms On Point Risk Solutions in Southern California

San Diego, Calif.-based Western Insurance Holdings Inc., a property/casualty holding company, has formed On Point Risk Solutions. On Point Risk Solutions, also in San Diego, provides an array of property/casualty services to commercial property and liability insurance carriers, managing general …

Fitch Says Insurers’ Capital Position Is Strong, Issues Stable Outlook

Fitch Ratings said in its new 2012 outlook report that the P/C insurers’ capital position remains strong. It observed that most P/C insurers have sufficient capital to manage through significant future adversity. The New York-based ratings agency has issued a …

Insurers Boost California’s Economy by $34.7 Billion

California’s a $1.9 trillion economy gets a multi-billion dollar boost from the property/casualty insurance industry, according to a report from the Insurance Information Institute issued Tuesday. In 2009, insurers contributed $34.7 billion to California’s gross state product, accounting for about …

Marsh Advises Risk Managers As C-Suite Expectations Rise

Global insurance broker Marsh held a webcast on Sept. 21, where the firm’s analysts shared their views on the current business environment including the effects of Hurricane Irene and other catastrophes. The broker also offered an array of advice for …

Insurers’ Ratings Won’t Be Penalized for Catastrophe Losses: Demotech

The fact that U.S. property/casualty insurers’ earnings have taken a hit due to recent catastrophe losses should not by itself mean insurer ratings will change, according to one rating firm. As long as the insurers that its actuaries rate have …