Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
What Should be Industry Response to Ethical Lapses?
Apr 4 2005 // CPCU Society Looking at IMSA The property casualty industry’s leading educational society is weighing what role to play in helping the industry restore its image after months of charges about bid rigging and...
Homeowners Moving to the West Coast
Apr 4 2005 // Whether your client owns a multi-million dollar home overlooking the Pacific Ocean or a small bungalow tucked away a mile from the beach, it is your responsibility to find the right homeowners insurance coverage that will...
Record Rainfall Will Lead to a Flood of Litigation
Apr 4 2005 // As Los Angeles inches toward its highest annual rainfall total on record, the property damage left in the wake of the storms is devastating. All across the Southland, homes have toppled down hillsides as if they were toys....
Q4 Rescues Hannover Re 2004 Profits from Hurricanes
Mar 30 2005 // Germany’s Hannover Re Group reported 309.1 million euros ($400 million) net after tax income for 2004, down 12.9 percent from 2003’s 354.8 million euros ($459.8 million). The company’s earnings report,...
Fitch Says P/C Views Record U.S. Catastrophe Losses in 2004, However Profitability Moves Up
Mar 30 2005 // The U.S. property and casualty industry posted stronger underwriting results and profitability in 2004 relative to 2003, despite sharp increases in catastrophe losses for many market participants related to the...
AIG Launches Real Estate Solutions Unit
Mar 28 2005 // The Domestic Brokerage Group of the AIG Companies announced the formation of AIG Real Estate Solutions, a consolidated unit dedicated to serving the insurance and risk management needs of the real estate sector, including...
Fla. Legislators Hammering Out Property Insurance Regulations, Changes
Mar 25 2005 // Major changes in Florida’s property insurance system are being mulled over by Florida lawmakers after the House and Senate have both been wrestling with the topic and have now hammered out changes to tighten up the...
PCI: Fla. Hurricane Cat Fund Changes are Key to Property Market Stability
Mar 22 2005 // The Property Casualty Insurers Association of America (PCI) is urging the Florida Legislature to establish an annual hurricane deductible for insurers and lower the threshold of losses that an insurer must sustain before...
CPCU Society Looking into IMSA Standards Model for P/C Industry
Mar 21 2005 // Should P/C Industry Response to Ethical Lapses Include a Self-Regulatory Body? The property casualty industry’s leading educational society is weighing what role to play in helping the industry restore its image...
Insurance-Related Subjects Top Florida Legislature’s To-Do List
Mar 21 2005 // The Florida Legislature began its spring session March 8 with insurance-related topics expected to take the limelight with several dozen proposals before the governing body, ranging from giving consumers more tools to...
Property for Public Entities
Mar 21 2005 // Nuts & Bolts: Victor O. Schinnerer and Co. is offering an admitted property policy for all types of public entities. The policy features a specialized property enhancement for public entities, which provides higher...
Property Program for Public Entities
Mar 21 2005 // Nuts & Bolts: Victor O. Schinnerer and Co. offers an admitted property policy for all types of public entities. It features a specialized property enhancement for public entities, which provides higher limits for...
Insurer Trade Group Announces 2005 Legislative Agenda
Mar 11 2005 // The National Association of Mutual Insurance Companies (NAMIC) has announced its federal affairs agenda for 2005, and topping the list of items include further legal reform, improving state-based insurance regulation, an...
Key Items Still Need to be Resolved in NCOIL Claims History Info Use Model
Mar 8 2005 // Model legislation that would restrict how insurers could use claims history information when underwriting property-casualty insurance coverage moved several steps closer to a vote when the National Conference of Insurance...
Property Program for Public Entities
Mar 7 2005 // Nuts & Bolts: Victor O. Schinnerer and Co. is offering an admitted property policy for all types of public entities. The policy features a specialized property enhancement for public entities, which provides higher...
14 South Floridians Indicted in Dade County for Filing False FEMA Claims
Mar 4 2005 // Fourteen South Floridaians were indicted this week for filing false claims to obtain Federal Emergency Management Authority grants and charged with federal wire and mail fraud. Federal legislators meeting in Washington...
FM Global Sees Strong Numbers for 3rd Straight Year
Mar 2 2005 // Commercial and industrial property insurer FM Global has reported a third consecutive year of strong operating performance, with 2004 marking a period in which the company increased its policyholder surplus significantly;...
Citizens Lost First Round; Stalling Payments Until After Another Court Decision
Feb 21 2005 // Citizens Property Insurance Co. is in the limelight again, this time because it is refusing to pay property losses, even after losing a South Florida appeals court decision. Hurricane Irene brought both wind and water when...
IAG Plans to Buy 25% of China Pacific Property
Feb 21 2005 // Insurance Australia Group (IAG), the country’s largest automobile and home insurer, is reportedly planning to buy a 25 stake in China Pacific Insurance Co.’s property unit. A report from Bloomberg.com said that...
Commercial Insurance Posts Full Year in Soft Market, RIMS Survey Reveals
Feb 21 2005 // The commercial insurance industry experienced a full year of a soft market conditions in 2004, as the last months of the year represented the fourth consecutive quarter of declining prices, according to the RIMS Benchmark...
