Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
Fla. Session Day 1: Expanding State’s Hurricane Cat Fund Tops the Agenda
Jan 17 2007 // When Florida House Speaker Marco Rubio and State Senate President Ken Pruitt slammed their gavels in opposite sides of the Florida Capitol Tuesday signaling commencement of a special legislative session, the hopes and...
After Record 2006, P/C Insurers See Promising 2007 Ahead
Jan 15 2007 // Property/casualty insurers should be able to build on the momentum of 2006 to deliver another profitable year in 2007 if they maintain discipline on price, a group of industry observers told insurance executives attending...
Marsh Facility Delivers Property Cat ‘Sidecar’ Directly to Corporations
Jan 12 2007 // Marsh Inc. has launched of MaRI (Marsh Risk Innovations), an insurance facility designed to provide additional capacity to the depleted property catastrophe insurance market this year. According to Marsh, this new facility...
P/C Execs Expect Terrorism Insurance Renewal, Win in Katrina Suits
Jan 11 2007 // Leaders of the property/casualty insurance industry expect Congress to extend the Terrorism Risk and Insurance Act in 2007, according to a survey conducted by the Insurance Information Institute (I.I.I.) at its 11th annual...
Markel Global Marine & Energy Launches Onshore Energy Property Division
Jan 10 2007 // Houston-based Markel Global Marine & Energy Inc. (MGME) has launched a new division, Onshore Energy Property, the company announced. Established Nov. 1, 2006, this new division will handle onshore property,...
Consumer Federation: Insurers Increase Profit Levels by Overpricing Policies
Jan 8 2007 // National consumer organizations joined the Consumer Federation of America (CFA) today in Washington D.C. to release a new study concluding that the property/casualty insurance industry (which includes the nation’s...
Bi-cycling
Jan 8 2007 // What a difference a year makes. The U.S. property/casualty industry posted a $24.4 billion net gain on underwriting through the first nine months of 2006. For the same period in 2005, it lost $2.5 billion. Insurers and...
INSURANCE SURCHARGES ADD UP FOR FLORIDA PROPERTY OWNERS
Jan 8 2007 // Many Floridians already facing soaring insurance rates will be hit by additional surcharges that could tack another 9 percent to their premiums next year. The Florida Insurance Guaranty Association approved a new 2 percent...
Reinsurers dropping rates except for wind-prone U.S. properties
Jan 8 2007 // Reinsurance rates for the property casualty industry are falling or flat, except for insurers with major property wind exposure along the Gulf and East Coasts in the U.S., whose rates are still rising. That is one key...
Bi-cycling
Jan 8 2007 // What a difference a year makes. The U.S. property/casualty industry posted a $24.4 billion net gain on underwriting through the first nine months of 2006. For the same period in 2005, it lost $2.5 billion. Insurers and...
Absence of hurricane losses proves beneficial to insurers’ bottomline
Jan 8 2007 // P/C industry posts $24.4 billion net gain on underwriting in first three quarters of 2006 Driven by a sharp decline in catastrophe losses from hurricanes and other natural disasters in 2006, the U.S. property/casualty...
Editor’s Note: Bi-cycling
Jan 7 2007 // What a difference a year makes. The U.S. property/casualty industry posted a $24.4 billion net gain on underwriting through the first nine months of 2006. For the same period in 2005, it lost $2.5 billion. Insurers and...
Editor’s Note: Bi-cycling
Jan 7 2007 // What a difference a year makes. The U.S. property/casualty industry posted a $24.4 billion net gain on underwriting through the first nine months of 2006. For the same period in 2005, it lost $2.5 billion. Insurers and...
Insurance surcharges add up for Florida property owners
Jan 7 2007 // Many Floridians already facing soaring insurance rates will be hit by additional surcharges that could tack another 9 percent to their premiums next year. The Florida Insurance Guaranty Association approved a new 2 percent...
Absence of hurricane losses proves beneficial to insurers’ bottomline
Jan 7 2007 // News Currents Driven by a sharp decline in catastrophe losses from hurricanes and other natural disasters in 2006, the U.S. property/casualty industry posted a $24.4 billion net gain on underwriting through nine months....
Harris Named Property Manager at MarketScout
Jan 5 2007 // MarketScout, the Dallas, Texas-based eInsurance Exchange, announced it has named Tina Harris as property underwriting manager. Harris will write Monoline Property for independent agents and members of MarketScout’s...
New Year Brings Higher Insurance Rates, Minimums for S.C. Drivers
Jan 2 2007 // The new year will force about a third of South Carolina’s drivers to dig deeper into their wallets to pay for auto insurance. A little-debated change in state law requires drivers to buy minimum liability coverage of...
Reinsurance Rates Falling or Flat, Except on U.S. Wind Exposures, Willis Reports
Jan 2 2007 // Reinsurance rates for the property casualty industry are falling or flat, except for insurers with major property wind exposure along the Gulf and East Coasts in the U.S., whose rates are still rising. That is one key...
After Katrina, Congress Still Keeps Extending Flood Insurance
Dec 28 2006 // The federal flood insurance program may be going broke after incurring $20 billion in debt from recent storms like Hurricane Katrina. But that hasn’t stopped politicians from trying to extend the taxpayer-subsidized...
Absence of Hurricane Losses Proves Beneficial to Insurers’ Bottomline
Dec 27 2006 // Driven by a sharp decline in catastrophe losses from hurricanes and other natural disasters in 2006, the U.S. property/casualty industry posted a $24.4 billion net gain on underwriting through nine months. The net gain on...
