Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
Study: Half of Compensation to 9/11 Victims Came from Insurance
Nov 22 2004 // Insurance companies played the largest role in compensating people and businesses hurt by the Sept. 11 attacks, paying slightly more than half of the $38.1 billion in benefits, according to a recent study. The results...
GE Insurance Solutions Details Additions to Global Management Staff
Nov 18 2004 // GE Insurance Solutions has announced the addition of expertise to its Property Insurance & Services, Global Asset Protection business unit. Field Operations Leader Tim Heinze said the unit has had a “great...
Fireman’s Fund Offering Property Evaluation and Disaster Recovery Planning Tools
Nov 18 2004 // Novato, Calif.-based Fireman’s Fund Insurance Company announced that commercial customers may now have access to new Internet-based tools that aid in planning for and recovering from disasters. Called “Open for...
S&P Revises Overall Property/Casualty Outlook to Negative
Nov 8 2004 // Standard & Poor’s Ratings Services has revised its outlook on the U.S. property/casualty commercial lines sector to negative from stable. “The outlook revision follows allegations of widespread misconduct...
AIG’s Terrorism Protection Portfolio Includes Biological and Chemical Attack Coverage
Nov 5 2004 // The AIG Companies have launched LexHomeland Protector, a comprehensive terrorism insurance portfolio designed to help protect businesses against terrorism risks, including losses arising from biological and chemical...
Allmerica Reports Big Jump in 3d Quarter Results
Oct 26 2004 // Allmerica Financial Corporation (NYSE: AFC) in Worcester, Mass. has reported third quarter net income of $17.7 million, or $0.33 per share, compared to net income of $11.4 million, or $0.21 per share, in the third quarter...
MARKETSCOUT: PROPERTY MARKETS HALTS RATE REDUCTION:
Oct 25 2004 // In its market barometer update for the month of September, MarketScout CEO Richard Kerr said the hurricane season losses will put a halt to property rate reductions. “In fact,” he said, “we anticipate...
Insurers: N.Y. Coastal Property Market Restored
Oct 22 2004 // While affordability is still an issue, insurance coverage is now widely available in coastal areas of New York, according to the New York Insurance Association (NYIA). Addressing a public hearing before the New York State...
The Midland Co. Reports Q3 Profit
Oct 21 2004 // Cincinnati-based The Midland Company, a provider of specialty insurance products and services, reported results for the third quarter ended Sept. 30, 2004. Net income per share was 12 cents, which included 1 cent in...
Pa. Gov. Unveils Letter to Congressional Delegation Regarding Flood Relief
Oct 21 2004 // Pennsylvania Gov. Edward Rendell this week released the following letter to the Pennsylvania Congressional delegation in reference to flood relief for the Commonwealth: Dear Senator Santorum: “As a follow up to our...
Q3 Commercial P/C Premiums Continue Fall
Oct 20 2004 // Commercial property/casualty insurance premiums continued to decline significantly during the third quarter of this year, with two-thirds of all large and medium accounts experiencing drops of up to 20 percent and an...
Safeco Unveils Q3 Numbers, Notes Hurricane Impact
Oct 19 2004 // Seattle-based Safeco on Tuesday reported third-quarter results, reflecting strong fundamentals in a period with substantial hurricane losses and the loss on the sale of Life & Investments. The company posted a net...
Wausau Introduces GL/Property Package ‘Wausau Express’ for Retail Businesses
Oct 12 2004 // Wisconsin-based Wausau Insurance has introduced Wausau Express, a new package policy for property and general liability that will streamline coverage and save money for retail businesses. The Wausau Express package policy...
Remember the Lessons of Hurricane Andrew
Oct 11 2004 // Due to efforts to rebuild the Florida property insurance market after Hurricane Andrew, most policyholders in the wake of 2004s more costly hurricane season should not face the same post-Andrew price increases or limited...
MarketScout: Property Market Halts Rate Reductions
Oct 1 2004 // MarketScout recently released its market barometer update for the month of September. According to Richard Kerr, chairman and CEO of MarketScout: “Estimated total insured losses for the 2004 hurricane season will...
Aspen Announces Plans to Expand and Diversify; Best Comments
Oct 1 2004 // Aspen Insurance Holdings Limited announced from its Bermuda headquarters the next stages in the development of its corporate strategy as it expands its business in Bermuda and further diversifies its operations. “In...
The Hartford Reports Q3 Earnings
Sep 30 2004 // The Hartford Financial Services Group Inc. today estimated its 2004 third quarter earnings per fully diluted share at between $0.85 and $0.95. This estimated range assumes no net realized capital gains or losses or unusual...
LDI Estimates Nearly $7.2M in Damages from Ivan
Sep 30 2004 // Louisiana Commissioner of Insurance Robert Wooley reported that the Louisiana Department of Insurance’s first estimate of Hurricane Ivan damage in Louisiana is $7,170,000.00, based on a survey of the major insurance...
S&P Comments on Hurricane Jeanne’s $7 Billion Impact on U.S. P/C Insurers
Sep 28 2004 // Standard & Poor’s Ratings Services has issued a comment on the state of the U.S. property/casualty insurance industry and its short- and intermediate-term prospects in the wake of Hurricane Jeanne, the fourth...
$4.4 Billion Claims Expected for Hurricane Frances
Sep 27 2004 // Homeowners and businesses are expected to file claims totaling an estimated $4.4 billion for insured property losses from Hurricane Frances, according to a preliminary estimate by ISO’s Property Claim Services (PCS)...
