Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
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...
Citing ‘Broken Promises,’ Paint Firms Seek New Trial in R.I.
Apr 20 2006 // Claiming the verdict involved a series of “broken promises by the state which resulted in a flawed trial and an erroneous verdict,” three defendants in the Rhode Island lead pigment case have asked the court to...
RMS Estimates Repeat of 1906 San Francisco Quake Would Cause $50 Billion to $80 Billion in Insured Losses
Apr 19 2006 // Based on 2006 population and property exposures in the San Francisco Bay area, Risk Management Solutions, Newark, Calif., estimates there would be at least $260 billion in damages to residential and commercial exposures if...
RLI Corp. Posts Strong 1st Quarter Results; Hosts Conference Call Today
Apr 18 2006 // Peoria, Ill.-based RLI Corp. reported first quarter net earnings of $25.7 million compared to $29.3 million reported in the same quarter last year. Operating earnings were $22.8 million ($0.86 per share) for the first...
Sound Risk Management, Strong Investment Results Prove Positive for P/C Industry
Apr 18 2006 // U.S. property/casualty insurers managed to increase earnings and add to their capital base in 2005 despite record catastrophe losses, according to ISO and the Property Casualty Insurers Association of America (PCI). Sound...
People
Apr 17 2006 // Palisades Safety and Insurance Management Corporation, a New Jersey private passenger automobile insurer, announced that Ed Fernandez has assumed the role of president and CEO, effective immediately. Fernandez succeeds...
