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The following articles cover the Property/Casualty market as followed by our Best's Review and BestWeek publications. Best's Review and BestWeek subscribers receive complete access to those respective articles. Visit our NewsRoom for complete archives and advanced search features.


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AIG Donating $1 Million to China Earthquake Relief: American International Group Inc. (NYSE: AIG) said it will donate $1 million to earthquake relief and rebuilding efforts in China. AIG also said it ...
Date: 5/16/2008    Source: BestWire
April Hail Pounds Texas; One Storm Causes $200 Million in Losses: Hail up to the size of softballs battered Texas during storms April 17 and 23 to cause more than $200 million in insured loss for April 17 alone, according to ...
Date: 5/16/2008    Source: BestWire
Kansas Governor Signs Flex-Rating Legislation: Kansas Gov. Kathleen Sebelius signed legislation establishing a flex-rating system that will allow rate increases of up to 12% on personal lines of insurance ...
Date: 5/16/2008    Source: BestWire
BestWeek: Credit Crunch Clouds Outlook of Hurricane Insurers, Cat Funds: Turmoil in the credit markets could leave policyholders in limbo if a major hurricane strikes the United States this year, as investors show a limited appetite ...
Date: 5/16/2008    Source: BestWire
Gainsco Back in the Black in First Quarter: Gainsco Inc. (AMX: GAN) reported a first-quarter profit of $167,000, compared with a loss of $2.6 million for the same period a year earlier. Revenues for the ...
Date: 5/16/2008    Source: BestWire
California Proposes Increases for Some Workers' Compensation Payments: California's workers' compensation payments for permanent disability would increase by an average of 16% under changes proposed by the state Division of ...
Date: 5/16/2008    Source: BestWire
Congress Approves $5.6 Billion in Crop Insurance Cuts: Flouting a threatened presidential veto, both the U.S. House and Senate have approved a five-year, $289 billion Farm Bill by veto-proof margins of 318-106 and ...
Date: 5/15/2008    Source: BestWire
Georgia Gov. Signs File-and-Use Bill Opposed by Regulator: Gov. Sonny Perdue signed a file-and-use automobile insurance bill, freeing insurers to set rates without prior approval and putting him at odds with Georgia ...
Date: 5/15/2008    Source: BestWire
China Earthquake Toll Continues To Rise: Losses from the 7.9 magnitude earthquake that hit central China on May 12 continue to spiral upwards as information trickles out of the hardest hit areas in ...
Date: 5/15/2008    Source: BestWire
Hallmark Financial Expansion Drives First-Quarter Profit Increase: Hallmark Financial Services Inc. (NASDAQ: HALL) reported a first-quarter profit of $7.1 million, an increase of 41.9% over the same period a year ...
Date: 5/15/2008    Source: BestWire
U.K.’s Brit Reports 5.8% Premium Rise in First Quarter: U.K.-based nonlife insurer Brit Insurance Holdings plc has reported a 5.8% increase in gross written premiums to 528.2 million pounds (663.9 million euros) for ...
Date: 5/15/2008    Source: BestWire
Zurich Profit Rises 3% on Business Growth: Zurich Financial Services Group posted a 3% rise in first-quarter net income as growth in all its business segments outpaced a fall in investment ...
Date: 5/15/2008    Source: BestWire
Global Meetings: Lloyd's Debate to Mull Liability Fears: The following world meetings will take place the week of May 18: — The Society of Actuaries gathers for its asset liability management conference May ...
Date: 5/15/2008    Source: BestWire
Insurance Australia in Joint Venture Talks with India's SBI: Insurance Australia Group Ltd. said it signed a non-binding agreement with State Bank of India to enter exclusive negotiations on forming a general insurance ...
Date: 5/15/2008    Source: BestWire
China to Launch Management Firm for Insurance Protection Fund: China's regulators say they expect to launch an entity that will manage the country's insurance protection fund, possibly as early as June. The entity ...
Date: 5/15/2008    Source: BestWire
Catlin Reports Unchanged Premium Income in First Quarter: Specialist property/casualty insurer Catlin Group Ltd. took in $1.2 billion (772,000 euros) in gross written premiums during the first quarter of 2008, ...
Date: 5/15/2008    Source: BestWire
Florida Suspension Could Be Lifted if Allstate Promises to Comply: Florida Insurance Commissioner Kevin McCarty revealed that Allstate Corp. has been in contact with his office since a court affirmed the suspension of the ...
Date: 5/14/2008    Source: BestWire
A.M. Best Releases Draft Methodology on Treatment of Contingent Capital Facilities: A.M. Best Co. is requesting comments from market participants in the insurance industry and other interested parties on its proposed treatment of contingent ...
Date: 5/14/2008    Source: BestWire
Lloyd's Counsel McGovern Praises Broader U.S. Regulatory Vision: Positive signals from within the U.S. Treasury and the National Association of Insurance Commissioners should give heart to those pushing for change in the ...
Date: 5/14/2008    Source: BestWire
Florida Court Denies Allstate Rehearing Request, Suspension in Effect: The on-again-off-again suspension ordered by the Florida Office of Insurance Regulation against Allstate companies is on again after a court denied Allstate's ...
Date: 5/14/2008    Source: BestWire
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