Latest Property Headlines

NATIONWIDE CUTS BACK

Sep 19 2005 // The Nationwide Mutual Insurance Company has announced it is taking steps to reduce its property exposure in Florida. After these reductions, Nationwide said it will continue to serve more than 570,000 policies in Florida,...

People

Sep 19 2005 // The Independent Insurance Agents of Tarrant County recently installed Ron Brown as president of the association. The installation of Brown and other IIATC officers took place at the association’s annual installation...

Citizens Property Insurance Board Tables Rate-Increase Vote Until Nov.

Sep 16 2005 // A vote on whether to request a 37 percent statewide increase on homes insured by Citizens Property Insurance Corp. was tabled Friday in Orlando by state’s insurer of last resort’s board of governors, which will...

Ricker Tells CPCU: Citizens Provides A ‘Safety Net’ for Uninsurable Property Owners

Sep 14 2005 // Citizens Property Insurance Corp. provides a safety net for the ever-increasing number of Florida’s uninsurable property owners who can not find insurance, Bob Ricker, Citizens president, told members of the Florida...

Kan. Commissioner Reminds Students, Parents on Renter’s Insurance

Sep 14 2005 // Kansas Insurance Commissioner Sandy Praeger is offering some advice to share with parents of college students concerning the protection of personal property that might be damaged, lost or stolen while they are away at...

Guy Carpenter & Company Releases Study of Property Catastrophe Reinsurance Market

Sep 12 2005 // Guy Carpenter & Company Inc., a global risk and reinsurance specialist and a part of the Marsh & McLennan Companies has released its annual, comprehensive study of the property catastrophe reinsurance market, The...

S&P Analyzes Earthquake Threat for Japan’s Property/Casualty Companies

Sep 12 2005 // “The one-two punch of insurance payouts and share price losses following a major earthquake in Tokyo would not immediately jeopardize insurance companies’ ability to pay claims, but could have a negative impact...

AIG Programs Names The Distinguished Programs Group to Oversee Property Owners Program

Sep 7 2005 // AIG Programs, a division of Lexington Insurance Company, a member company of American International Group Inc. (AIG), has appointed The Distinguished Programs Group as program administrator for Distinguished...

Insurers Post Special Toll-Free Numbers to Help Katrina Victims

Sep 5 2005 // At press time, forecasters were predicting insured losses from Hurricane Katrina–which made landfall 45 miles west of Biloxi, Miss., and 35 miles east of New Orleans on Aug. 29–would be in the $10 billion to...

Midwest Surplus Lines: A Market Unto Itself

Sep 5 2005 // Gone are the days when the Midwest’s surplus lines market saw all sorts of business, from high-liability risks to garden variety commercial property coverage. For the region’s surplus lines business, the...

IJ Exclusive: Shand Morahan’s ‘How to Write’ Professional Liability

Sep 5 2005 // In the ongoing “How to Write” broadcast series from the Insurance Journal studios in San Diego, Calif., Carol Murphy and Mary Sanders of Shand Morahan & Co. discussed errors and omissions insurance,...

People

Sep 5 2005 // AVRECO, a wholesale insurance brokerage based in Chicago, has announced the appointment of Marcia Gloppe as an underwriter in the professional liability underwriting department, headed by Linda Deiss. Gloppe began her...

Midwest Surplus Lines: A Market Unto Itself

Sep 5 2005 // Gone are the days when the Midwest’s surplus lines market saw all sorts of business, from high-liability risks to garden variety commercial property coverage. For the region’s surplus lines business, the...

Insurers Post Special Toll-Free Numbers to Help Katrina Victims

Sep 5 2005 // At press time, forecasters were predicting insured losses from Hurricane Katrina-which made landfall 45 miles west of Biloxi, Miss., and 35 miles east of New Orleans on Aug. 29-would be in the $10 billion to $30 billion...

Sep 5 2005 // Linda Slaughter has been promoted from senior vice president of claims to COO at Concord, Calif.-based Athens Administrators, part of the Jenkins Athens Group. Slaughter joined Athens in its founding days and has been with...

IJ Exclusive: Shand Morahan’s ‘How to Write’ Professional Liability

Sep 5 2005 // In the ongoing “How to Write” broadcast series from the Insurance Journal studios in San Diego, Calif., Carol Murphy and Mary Sanders of Shand Morahan & Co. discussed errors and omissions insurance,...

The Industry Goes to School: More Universities that Offer Insurance Degrees

Sep 5 2005 // In the second of a series of articles, Insurance Journal profiles five universities that offer undergraduate and graduate degrees in insurance. More universities will be profiled in future editions of Insurance...

Valuations: Educating Your Client on True Replacement Cost

Sep 5 2005 // There are two calls that an agent or broker might receive that should raise concerns; the first is a call from the IRS audit department and the other is from an insured who says, “I just had a fire.” The reason...

Sep 5 2005 // Barbara Zimmerman has joined IBA West as membership benefits vice president. She will be responsible for the research, development and management of IBA West Service Corporation programs and management of Membership...

Number of Federal Tort Trials Plummeted 80%, Justice Department Reports

Sep 5 2005 // The number of tort trials concluded in U.S. district courts declined by nearly 80 percent, falling from 3,600 in 1985 to fewer than 800 in 2003, according to a new report released by the Department of Justice Bureau of...