PropertyCasualty360: Property & Casualty Insurance News & Tips

P&C Holiday Advice from A.M. Best: You'd Better Watch Your Capital

By Chad Hemenway

If U.S. property and casualty insurers do not manage capital and maintain underwriting discipline after the many profit-draining factors the industry faced during the first nine months of 2011, some companies could feel the pressure of ratings downgrades, says insurance rating agency A.M. Best Co.

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Pa.'s Rhyming Justice Pens Insurance Fraud Opinion

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Residents Receive $420M in Disaster Aid in Pennsylvania

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December 22, 2011

FIO Letters Say Federal Gov’t Can Protect Against Bank-Centric ‘Eurocratic’ Regulation

Fears that only the federal government has the power to prevent imposition of bank-centric international-financial regulation by Europeans is leading two major insurance players to moderate their comments to the Treasury Department on the role the federal government should play in insurance regulation going forward.

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December 22, 2011

FIO Letters Say Federal Gov’t Can Protect Against Bank-Centric ‘Eurocratic’ Regulation

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December 22, 2011

Willis President Millwater to Retire

Grahame Millwater, the president of Willis Group Holdings, will retire at the end of the year and his responsibilities will be split between two senior executives.

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December 22, 2011

P&C Industry to Feel Varying Effects as Bonds Are Reinvested at New Rates

An examination of some of the top U.S. property and casualty insurers by Fitch Ratings has found Farmers Insurance, W.R. Berkley, Old Republic and Firemans Fund will be the most affected by weak new money yields.

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December 22, 2011

Allstate Gives Back Part of Planned Agent-Commission Cut

In what may amount to a little holiday reprieve for Allstate agents, the company says it will not cut base commissions as deeply as it originally announced, but the head of an agents group says the rank and file is still not pleased with the companys move.

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December 22, 2011