Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
Fla. Property Owners to Pay 1% Insurance Charge for Hurricanes
Jun 2 2006 // Floridians will pay a 1 percent assessment on property and casualty insurance policies for a decade to repay a bond sale of up to $1.5 billion that was approved Wednesday to replenish the state’s Hurricane Insurance...
ACE USA Promotes Sherry to Senior VP-Global Property
Jun 1 2006 // ACE USA, the U.S.-based retail operating division of the ACE Group of Companies, announced the promotion of Joseph Sherry to Senior Vice President, Global Property, part of ACE USA’s International & Specialty...
Max Re Q1 Net $72.9 Million; Conference Call Today, Details
Jun 1 2006 // Bermuda- based Max Re Capital Ltd. has released its delayed results for the first quarter of 2006, which show net income of $72.9 million, or $1.15 per diluted share, compared to $37.7 million, or 75 cents per diluted...
A.M. Best: A ‘Mega-Cat’ Hurricane Would Be Fatal to Some Insurers
Jun 1 2006 // A new Special Report from the A.M. Best Company on the impact of a possible “mega-cat” hurricane — $100 billion or more in insured losses — finds that the financial consequences would be serious and...
New Orleans Health Care Groups Sue St. Paul Travelers
May 31 2006 // In a lawsuit filed on May 23, Civil Action No. 06-2777, in the United States District Court for the Eastern District of Louisiana, Building Concepts & Designs Construction Inc. (BCD) as assignee and attorney in fact...
Aon Corp. Responds to U.S. Treasury’s Request for Comment on Future of Terrorism Act
May 31 2006 // Chicago-based Aon Corp. has responded to the U.S. Treasury’s request for comment on the state of the U.S. terrorism insurance marketplace, warning of the danger of allowing the Terrorism Risk Insurance Act of 2002...
Federal Disaster Aid Available for Flood Victims in Mass., N.H. and Maine
May 26 2006 // The head of the U.S. Department of Homeland Security’s Federal Emergency Management Agency (FEMA) announced that federal disaster aid has been made available in Massachusetts, New Hampshire and Maine to help people...
White Paper Voices Concern About Property Insurance Market’s Status
May 26 2006 // The insurance industry is bracing for another active hurricane season if predictions turn into reality. Most insurance companies, including the state-run insurer of last resort, have filed for rate increases as the entire...
Millions of Renters Lack Insurance, Says Agents’ Survey
May 24 2006 // Almost 25 million U.S. families renting their homes are going bare on insurance coverage, leaving themselves vulnerable to serious property and liability losses. Many renters without coverage own valuable, high-tech...
PIA of La. Stresses Preparation for 2006 Hurricane Season
May 24 2006 // Due to the upcoming start of Hurricane Season on June 1, the Professional Insurance Agents (PIA) of Louisiana launched a public awareness campaign that includes the following tips for insurance consumers to prepare for the...
Integro Appoints Sean Sullivan as Principal, Property Practice for San Francisco Office
May 23 2006 // Sean Sullivan has joined Integro’s San Francisco office as a Principal in the property practice. Mr. Sullivan joins Integro from Hilb Rogal & Hobbs, where he served as a vice president in the firm’s...
What Happens If P/C Industry Catches the Flu; Program Best Practices; Giant Program Guide Highlight IJ Magazine
May 23 2006 // The potential exposures for the property casualty insurance industry have fallen under the radar in the discussions of the effects of an Avian flu or other pandemic. Most people keeping watch on the possible effects have...
Infinity Property and Casualty to Webcast Shareholders’ Meeting
May 22 2006 // Infinity Property and Casualty Corp., of Birmingham, Ala., will broadcast a live Internet broadcast of its 2006 annual meeting of shareholders May 23 at 11 a.m. (ET). To listen to the live broadcast, go to Infinity’s...
First quarter financial results upbeat, but some note disaster fallout
May 22 2006 // The financial results are in. Insurers generally had positive first quarters, although some were hurt by higher health care costs and continued fallout from last year’s natural disasters. Below are the financial...
U.S. insurers withstood record catastrophe losses in 2005
May 22 2006 // Strong capitalization, sound risk management and efficient global risk sharing enabled the U.S. property/casualty insurance industry to withstand record-setting catastrophe losses in 2005, according to Frank J. Coyne,...
Fla. legislative package targets Citizens deficits, mitigation; establishes oversight policies
May 22 2006 // The hurricane insurance package passed by the Florida Legislature just before adjournment May 5 is the most significant property insurance bill since major legislation following Hurricane Andrew in the early 1990’s,...
News Currents
May 22 2006 // Hurricanes spawn E&O troubles for insurance producers With regard to potential errors and omissions claims against insurance producers in Louisiana arising out of Hurricanes Katrina and Rita, three main coverage areas...
Chartered Property Casualty Underwriters to share tips on being successful
May 22 2006 // On Tuesday June 13, the Los Angeles Chapter of the Chartered Property Casualty Underwriters will host a meeting featuring motivational speaker Betsey Brewer, senior vice president of The Rule Co., speaking on...
Avian Flu and the Property Casualty Industry
May 22 2006 // Insurance buyers are taking a close look at their insurance and risk management programs, looking for possible financial recourse in the event of an outbreak. It is therefore worthwhile to examine each line of coverage in...
Chartered Property Casualty Underwriters to share tips on being successful
May 22 2006 // On Tuesday June 13, the Los Angeles Chapter of the Chartered Property Casualty Underwriters will host a meeting featuring motivational speaker Betsey Brewer, senior vice president of The Rule Co., speaking on...
