Property and Casualty News

Business Editors/Insurance Writers RICHMOND, Va.–(BUSINESS WIRE)–July 3, 2008–Stephen J. Vaccaro, Jr., President and Chief Executive Officer of Max Specialty Insurance…

Copyright 2008 A.M. Best Company, Inc.All Rights Reserved BestWire July 2, 2008 Wednesday 04:11 PM EST 353 words Ex-AIG Chief…

Jul. 3–Claims for damage from June’s brutal rainstorms in Wisconsin continue to roll in, spokesmen for some of the state’s…

BOSTON_The Roman Catholic Diocese of Springfield, Massachusetts, has reached an $8.5 million settlement with insurance companies to pay claims filed…

The state’s oldest producer’s trade association works with lawmakers in support of its members and their clients (DeWitt, New York,…

July 2, 2008 (FinancialWire) American International Group Inc. (NYSE: AIG) has paid a $47 million severance package to former chief…

June 30, 2008 BOSTON– Today, Attorney General Martha Coakley’s Office reached a settlement with Rhode Island-based Factory Mutual Insurance Company…

MELBOURNE, Fla., July 1 /PRNewswire/ — BISYS Specialty Programs, a division of BISYS Commercial Insurance Services, today announced that the…

Alabama Insurance Commissioner Walter Bell has been appointed to the board of the Bermuda Monetary Authority. Bell, an immediate past…

Several months after Massachusetts launched a new managed competition system for automobile insurance, one of its leading auto writers says…

Business Editors/Insurance Writers WASHINGTON–(BUSINESS WIRE)–July 1, 2008–GEICO has announced that it is introducing a new auto insurance rate plan that…

HARTFORD, Conn., July 1 /PRNewswire/ — While the property-casualty industry still appears to have strong reserves, overall its position began…