Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
PCI: New York’s Guaranty Funds Need Both Short and Long-Term Reform
Feb 16 2005 // Shifting funds from one New York guaranty fund to prop up the state’s floundering Workers’ Compensation Security Fund will reportedly only jeopardize the solvency of the Property/Casualty Security Fund and...
Markel Unveils New Program for B&B’s, Country Inns
Feb 9 2005 // Markel Insurance Company announced a new program specifically designed to meet the unique insurance needs of B&Bs and country inns. This specialty lodging niche is reportedly experiencing heavy growth, with about...
ISO: Insurers Pay a Record $27.3B in 2004 Cat Losses
Feb 9 2005 // U.S. property/casualty insurers paid a record $27.3 billion for insured property losses to homeowners and businesses from 22 catastrophic events last year—surpassing losses from 2001 that included the Sept. 11...
S&P: U.S. Property/Casualty Insurers Continue To Boost Loss Reserves For Old Business
Feb 8 2005 // For U.S. property/casualty insurers, periodic glimpses of rising profitability have been overshadowed by relentless price-cutting, natural and man-made catastrophes, and claims inflation. Following an unprecedented surge...
GL/Property – Restaurant and Hospitality
Feb 7 2005 // Nuts & Bolts: Wausau Insurance rolled out the latest in a series of Wausau Express package policies for property and general liability–with the newest versions designed for restaurant and hospitality businesses....
GL/Property – Restaurant and Hospitality
Feb 7 2005 // Nuts & Bolts: Wausau Insurance rolled out the latest in a series of Wausau Express package policies for property and general liability–with the newest versions designed for restaurant and hospitality businesses....
Pagoumian Named President of Napco
Feb 1 2005 // Napco LLC, a New Jersey-based wholesale property and casualty broker, announced the appointment of David Pagoumian as president and chief operating officer. Pagoumian will be responsible for the operation and direction of...
The Hartford Sees 37% Gain in Q4 Net Income to $620M
Jan 28 2005 // The Hartford Financial Services Group Inc. reported a 37-percent increase in fourth quarter 2004 net income to $620 million, or $2.08 per diluted share, hitting an all-time quarterly record. Net income in the current...
A.M. Best Affirms Ratings for Southern Farm Bureau Casualty Group; Outlook Stable
Jan 27 2005 // A.M. Best Co. has affirmed the financial strength ratings of A++ (Superior) of Southern Farm Bureau Casualty Group (SFB) (Ridgeland, Miss.). The rating outlook has been revised to stable from negative. Concurrently, A.M....
Survey: Investigations into Industry Practices to Expand in 2005
Jan 24 2005 // Leaders of the property/casualty insurance industry expect the investigations into certain industry practices by state attorneys general and insurance departments will continue to expand in 2005, according to a survey...
China’s Guangdong Province Posts $1.2 Billion in 2004 Property Premium
Jan 19 2005 // A report from Beijing (through Yahoo’s news services) notes that China’s Guangdong Province collected property insurance premiums of about 10.1 billion yuan ($1.2 billion) in 2004, up 15 per cent year from the...
Fla. Hurricane Property Losses Now Top $21.6 Billion
Jan 19 2005 // Total property losses from the four major hurricanes that struck Florida in 2004 now top $21.6 billion according to data presented to members of a Select Joint Committee on Hurricane Insurance. The latest estimate,...
Whitton Named SVP of New Beecher Carlson Holdings Global Property Practice
Jan 19 2005 // Barry Whitton has been appointed senior vice president of Atlanta-based Beecher Carlson Holdings Inc.’s new Global Property Practice. Whitton will develop the Global Property Practice and will focus on providing...
Poe Financial Group Takes Over 4,500 Citizens Policies
Jan 18 2005 // Poe Financial Group member company, Atlantic Preferred Insurance Company, announced that it has received regulatory approval to assume 4,500 property and casualty policies from Citizens Property Insurance Corporation under...
Crawford & Co., GAB Robins Adjusters See Tsunami Destruction Up Close
Jan 17 2005 // While the official death toll may never be known, the reaction to last month’s killer earthquake and tsunamis in Southeast Asia continues. Insurance Journal recently spoke with several individuals whose companies...
Survey: Investigations into Industry Practices to Expand in 2005; Respondents Expect Consolidation to Continue
Jan 14 2005 // Leaders of the property/casualty insurance industry expect the investigations into certain industry practices by state attorneys general and insurance departments will continue to expand in 2005, according to a survey...
Fla. Legislative Committees Preparing for 2005 Session
Jan 12 2005 // An overview of property and casualty issues, homeowners, commercial property, PIP, medical malpractice and workers’ compensation have been presented to Florida legislative committees by Gary Guzzo, Florida Insurance...
Wausau Streamlines Property, GL for Restaurants and Hospitality Businesses
Jan 10 2005 // Wisconsin-based property/casualty carrier Wausau Insurance has rolled out the latest in a series of Wausau Express package policies for property and general liability, with the newest versions designed to streamline...
N.Y. Property Plan Matches Electrical Safety Funds
Jan 6 2005 // The New York Property Insurance Underwriting Association (NYPIUA) will assist their policyholders reduce electrical hazards in 2005 through a matching funds program. According to officials, the program, which commenced in...
Shakeup in ACE U.S.A. Management – Rivera Resigns; Dowd New CEO; Lupica, Crosby Named to Key Posts
Jan 6 2005 // ACE Limited announced from its Bermuda headquarters a $298 million reserve strengthening (See related article in “International” section) and some major management changes in its U.S. operations. Brian E. Dowd,...
