Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
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...
S&P Annual Insurance Conference Scheduled for NYC in June
May 5 2006 // Standard & Poor’s Ratings Services announced that “Rethinking Risk” will be the theme of its 22nd annual insurance conference scheduled for June 5-6 in New York City. S&P said: “CEOs from...
Insurers Assoc. Pushes Fla. Legislators for Property Market Reforms
May 5 2006 // On the final day of the Florida legislative session, the Property Casualty Insurers Association of America is encouraging legislators to make a commitment to create a healthy and competitive insurance marketplace, which is...
Fla. House Passes Bill Intended to Fix Property Insurance Problems
May 3 2006 // With hurricane season looming just one month away, the Florida House has passed a bill aimed at making sure that if Florida has another bad run of storms there will be insurance companies there to cover people’s...
The Harford Saw Record First Quarter Net Income; Added 250 Agents
May 1 2006 // The Hartford Financial Services Group, Inc., out of Hartford, Conn., reported first quarter 2006 net income of $728 million, or $2.34 per diluted share. The Hartford’s core earnings in the first quarter of 2006 were...
Assurant Acquires Safeco Financial Institution Solutions
May 1 2006 // Assurant, Inc., a provider of specialty insurance and insurance-related products and services, has acquired all of the outstanding capital stock of Safeco Financial Institution Solutions Inc. based in Seattle, Wash., a...
Gallagher Calls On Lawmakers to Make Insurance Reforms
May 1 2006 // As state lawmakers enter the home stretch of the 2006 legislative session, Tom Gallagher, Florida’s CFO, renewed his call for immediate rate-relief, improved access to property coverage and reforms to help strengthen...
Fla. Insurance Council Describes Pending Legislation
Apr 27 2006 // The Florida House Insurance Committee and the House Fiscal Council have approved CS/CS/HB 7225, and according to the Florida Insurance Council, the next stop is the full House. FIC released a side-by-side comparison of...
Belgarde Named Pacific Wholesale’s West Coast Property Director
Apr 25 2006 // Pacific Wholesale Insurance Brokers LLC has named Renee K. Belgarde senior vice president and west coast property director. Belgarde has been in the insurance industry for 23 years. She worked 10 years on the retail side...
NAS Insurance Services Adds Dwelling Coverage for E&S Property Facility
Apr 25 2006 // Encino, Calif.-based NAS Insurance Services, Inc. has a new excess coverage program as part of its excess and surplus property facility. The program features a maximum limit of $5 million, a minimum premium of $2,500 and a...
St. Paul Travelers Launches Coverage for Foreign Exposures
Apr 24 2006 // Minnesota-based St. Paul Travelers has announced it has expanded its ability to provide worldwide commercial property coverage for companies with international operations. A new initiative between St. Paul Travelers’...
New Dwelling Coverage from NAS’s E&S Property Facility
Apr 21 2006 // NAS Insurance Services Inc. has a new excess coverage program as part of its E&S property facility. The program features a maximum limit of $5 million, a minimum premium of $2,500 and a minimum deductible of $2,500....
MHBT Appoints Ginn as Vice President in Property/Casualty Group
Apr 20 2006 // McQueary Henry Bowles Troy L.L.P. (MHBT) announced the appointment of Linda Ginn as vice president and account executive in the property and casualty group in the firm’s Dallas office. “Linda brings to the MHBT...
Insurers Expected to Pay $1.38B for Q1 Cat Losses
Apr 20 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...
Survey: Commercial P/C Rates Hold Flat or Drop Slightly
Apr 20 2006 // Commercial property/casualty rates were flat or fell slightly during the first quarter of 2006, with renewal premiums for half of all account sizes holding steady or dropping between 1 percent to 10 percent in the first...
Ohio-Based The Midland Company Reports First Quarter Results
Apr 20 2006 // Cincinnati-based The Midland Company, a provider of specialty insurance products and services, announced record results for the first quarter ending March 31, 2006, according to a written statement issued this week. The...
