Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
Despite catastrophe losses, soft pricing continues in commercial insurance market, buyers report
May 22 2006 // Although property and general liability insurance rates increased in the first quarter of 2006, all indications point to a continuing soft commercial insurance market, according to the Risk and Insurance Management Society...
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,...
News Currents
May 22 2006 // First quarter financial results upbeat, but some note disaster fallout The financial results are in. Insurers generally had positive first quarters, although some were hurt by higher health care costs and continued fallout...
S&P Raises Citizens Property Insurance Rating to A+
May 17 2006 // Standard & Poor’s Ratings Services has raised its rating on Citizens Property Insurance Corp., Fla.’s $1.6 billion of high-risk account senior-secured debt to ‘A+’ from ‘A’ and...
Citizens Property Insurance Increases Upset Policyholders in Florida
May 15 2006 // Marci L. Rose’s home and rental properties in Key West, Fla. escaped serious damage when hurricanes battered the state in 2004 and 2005, but she might lose them anyway. Like thousands of Floridians, the real estate...
Royal Palm to Offer Coverage to Allstate Floridian Customers
May 15 2006 // St. Petersburg, Fla.-based Allstate Floridian has reached an agreement with Royal Palm Insurance Co., a new property insurer in the state, to offer Allstate Floridian customers and Florida consumers property insurance...
Texas Regulators Urge Coastal Residents to Review Insurance Coverages
May 12 2006 // As hurricane season approaches, officials at the Texas Department of Insurance are reminding all Gulf Coast home and business owners that it is important to periodically review their insurance policies to ensure that...
NAS Adds New Floater Coverage to its Excess and Surplus Property Facility
May 10 2006 // NAS Insurance Services Inc., Encino, Calif., has a new floater coverage program as part of its E&S property facility. The program (Equipment Floater – Fine Arts – Transit) features a $100,000 sublimit,...
Despite Hurricane Losses, Soft Insurance Market Continues
May 9 2006 // Although property & general liability insurance rates increased in the first quarter of 2006, all indications point to a continuing soft commercial insurance market according to the Risk and Insurance Management...
Agents Learn U.S. Insurers Withstood Record Catastrophe Losses with Strong Capitalization, Sound Risk Management
May 9 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, but the industry also should keep...
Los Angeles Chartered Property Casualty Underwriters To Share Tips on Being Successful, Install New Officers
May 8 2006 // On Tuesday June 13, the Los Angeles Chapter of the Chartered Property Casualty Underwriters will hold its 2006-2007 installation of chapter officers and directors at the Jonathan Club in downtown Los Angeles from 11:30 am...
Texas lawmakers close in on tax reform
May 8 2006 // Adhering to the Texas Tax Reform Commission’s recommendations, five bills aimed at providing long-term property tax relief passed the Texas House of Representatives in late April. While the tax reform legislation...
FLA. PROPERTY BILL ADVANCES
May 8 2006 // A rapid 25 percent cash buildup for the Florida Hurricane Catastrophe Fund and the establishment of a hurricane mitigation endowment fund to allow homeowners to obtain no-interest loans to implement hurricane mitigation...
INSURERS TO PAY $1.38 BILLION FOR Q1 LOSSES
May 8 2006 // U.S. property/casualty insurers are expected to pay an estimated $1.38 billion to homeowners and businesses in insured property losses from seven catastrophe events in first-quarter 2006, according to preliminary analysis...
Checking-in on hospitality coverage
May 8 2006 // As an agent or broker serving the hospitality market, you’ve enjoyed many coverage options at lower premiums in the last few years. In fact, you’re probably still delivering good news to your clients about...
Sound risk management, investment plus for insurers
May 8 2006 // U.S. property/casualty insurers managed to increase earnings and add to their capital base in 2005 despite record catastrophe losses, according to Insurance Services Office (ISO) and the Property Casualty Insurers...
Fla. property bill advances
May 8 2006 // A rapid 25 percent cash buildup for the Florida Hurricane Catastrophe Fund and the establishment of a hurricane mitigation endowment fund to allow homeowners to obtain no-interest loans to implement hurricane mitigation...
Texas lawmakers close in on tax reform
May 8 2006 // News Currents Adhering to the Texas Tax Reform Commission’s recommendations, five bills aimed at providing long-term property tax relief passed the Texas House of Representatives in late April. While the tax reform...
People
May 8 2006 // Frank Vaccaro was named vice president of Information Services for Dallas-based Republic Companies Group Inc. He will report to Parker Rush, Republic’s president and CEO. Vaccaro most recently was assistant vice...
Swett & Crawford Appoints New Staff Nationwide
May 5 2006 // Swett & Crawford has announced new additions to their staff in offices nationwide. Margaret Jacobs moves to the Swett & Crawford Chicago office as director, Healthcare Practice Group, from Aon Risk Services where...
