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Industry Center - Property & Casualty Insurance
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Property & Casualty Insurance News
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1. AIG Implements Robert H. Benmosche's Compensation Agreement - Business Wire - Tue 5:12 pm ET
NEW YORK----As required by New York Stock Exchange rules, American International Group, Inc. today announced that it is implementing Mr. Benmosche’s previously announced compensation agreement.
2. Message to Illinois Motorists: Don't Hope So, Know So - PR Newswire - Tue 1:18 pm ET
Does your auto policy cover you if your laptop is stolen out of your car? How about if you leave your car running while you run into a store and it gets stolen? Or you hit a pothole and it causes the frame of your car to bend?
3. Kingsway announces A.M. Best rating downgrades - CNW Group - Tue 11:27 am ET
Kingsway Financial Services Inc. announced today that A.M. Best has downgraded Kingsway's issuer credit rating from "b-" to "ccc" and the downgrade of the financial strength ratings from "B" to "B-" for American Service Insurance Company Inc., JEVCO Insurance Company, Mendakota Insurance Company, Mendota Insurance Company, Southern United Fire Insurance Company, U.S.
4. Travelers Urges Safety When Using Alternative Heating Devices - Business Wire - Tue 9:42 am ET
HARTFORD, Conn.----A chilly winter forecast may prompt some families to seek cheaper—and potentially unsafe—alternative heating sources, according to Travelers .
5. Max Capital Group Announces David Kalainoff Will Lead Reinsurance Operations in Bermuda and Ireland - Business Wire - Mon 5:54 pm ET
HAMILTON, Bermuda----Max Capital Group Ltd. today announced that David Kalainoff has been appointed President of Reinsurance Operations.
6. Tower Group CFO Colalucci to retire in March - AP - Thu Nov 19
Property and casualty insurer Tower Group Inc. said Thursday that Chief Financial Officer Francis Colalucci will retire on March 15.
7. The Hartford Names Christopher Magee Managing Director Of International Financial Products Division - Business Wire - Thu Nov 19
HARTFORD, Conn.----The Hartford Financial Services Group, Inc., today announced the appointment of Christopher Magee as managing director of the company’s Hartford Financial Products International, Ltd. subsidiary, which underwrites corporate management liability insurance for multi-national commercial entities and financial institutions.
8. It's Time To Change The Older Driver Conversation: New Research from MIT AgeLab And The Hartford Helps Drivers Keep The Keys As They Age - Business Wire - Thu Nov 19
HARTFORD, Conn.----For most Americans, the ability to drive is essential to who we are and is deeply connected to our independence and our identity as productive, responsible members of society.
9. Auto repair shops win $15 million from insurer - AP - Wed Nov 18
A Connecticut jury has awarded $15 million to automobile repair shop owners in their lawsuit accusing an affiliate of The Hartford Financial Services Group of unfair trade practices.
10. XL Insurance Strengthens Equine Underwriting Team - PR Newswire - Wed Nov 18
XL Insurance, the global insurance operations of XL Capital Ltd , today announced the strengthening of its equine capabilities with the acquisition of an underwriting and claims team from London-based Unicorn Underwriting Limited , a subsidiary of THB Group plc.
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