News About Ace Property And Casualty Co

Universal Property & Casualty Insurance Co. Increases Business Continuity Coverage at 1Vault Networks

June 2nd, 2009

As a leader in the property and casualty insurance marketplace, South Florida-based Universal Property & Casualty Insurance Co. certainly understands the science of risk management and protecting the assets of its customers.
As part of its corporate business continuity/data protection plan, Universal has decided to expand the scope of its colocation/disaster recovery coverage with 1Vault Networks [...]

A.M. Best Affirms Ratings of Transportation Property & Casualty Company Inc

November 5th, 2008

A.M. Best Co. has affirmed the financial strength rating of A- (Excellent) and issuer credit rating of “a-” of Transportation Property & Casualty Company Inc (TPCC) (British Columbia, Canada). The outlook for both ratings is stable.
These ratings are based on TPCC’s excellent capitalization and operating performance and its favorable profile as part of the Greater [...]

Infinity Property and Casualty Reports Stronger than Expected Underwriting Results

October 30th, 2008

Infinity Property and
Casualty Corporation a national provider of personal
automobile insurance, today reported results for the three and nine months
ended September 30, 2008:
Three [...]

Chubb Letter to Treasury Secretary Paulson Opposes Property & Casualty Insurers’ Participation in Capital Purchase Program

October 30th, 2008

The following is the text of a letter sent yesterday to Secretary of the Treasury Henry M. Paulson, Jr. by John J. Degnan, Vice Chairman and Chief Operating Officer of The Chubb Corporation
October 28, 2008
The Honorable Henry M. Paulson, Jr.
Secretary of the Treasury
[...]

Allstate to Discuss Second Quarter 2009 Earnings With Investors

July 14th, 2009

The Allstate Corporation will conduct a conference call at 9 a.m. Eastern Time (ET) , Aug. 6, 2009 to discuss second quarter 2009 earnings. The company will issue a news release announcing results the day before on Wednesday, Aug. 5, 2009 at or after 4:05 p.m. ET. In addition, the company plans to file [...]

21st Century Holding Company’s Subsidiary Approved to Write Commercial Residential Property by Florida’s Office of Insurance Regulation

July 9th, 2009

Federated National Insurance Company (”Federated National”), a wholly-owned subsidiary of 21st Century Holding Company insurance holding company, today announced that it received approval from the Florida Office of Insurance Regulation (”OIR”) to write commercial residential property business in the state of FloridaMichael H. Braun, President of Federated National and Chief Executive Officer of 21st [...]

The Seltzer Group’s Rapid Response Program Re-Opens Vandalized School Quickly and Safely

July 8th, 2009

When Joseph Brady, Superintendent of Schools for the Minersville Area School District found out one of his schools had been severely vandalized over night, he was adamant that school must reopen as soon as possible. Vandals had smashed and destroyed windows, computers, monitors, light fixtures and opened fire extinguishers. When all was said and done, [...]

Economic Crisis Impacts Massachusetts Fire Departments, According to a New National Survey Sponsored by Fireman’s Fund Insurance Company

June 9th, 2009

The current economic crisis is negatively impacting fire departments in the state of Massachusetts, according to a comprehensive national survey of firefighters from nearly 9,500 fire departments or 30 percent of departments in the country, including 195 fire departments in Massachusetts.
“Supporting Safer Communities: A National Fire Service Survey,” sponsored by Fireman’s Fund Insurance Company, found [...]

Transatlantic Holdings, Inc. Announces Public Offering of AIG’s Interest

May 28th, 2009

Transatlantic Holdings, Inc. that American International Group, Inc. (“AIG”) and American Home Assurance Company, a wholly owned subsidiary of AIG, (“AHAC” and together with AIG, the “Selling Stockholder”) have commenced a secondary public offering of 26 million shares of the Company’s common stock owned by the Selling Stockholder and that the Selling Stockholder is expected [...]

ACE USA Appoints Robert G. Purdy as Senior Vice President, Workers Compensation

February 18th, 2009

ACE USA, the U.S.-based retail operating division of the ACE Group of Companies, announced the appointment of Robert G. Purdy to the position of Senior Vice President, Workers Compensation, as part of the ACE Casualty Risk Division. Based in Philadelphia, Mr. Purdy will be responsible for leading the underwriting, marketing, and operations strategies for ACE [...]