Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
S&P Reports Top Layer Reinsurance Ltd. ‘AA’ Ratings Affirmed; Outlook Stable
Mar 17 2004 // Standard & Poor’s has affirmed its ‘AA’ counterparty and financial strength ratings on Top Layer Reinsurance Ltd. The outlook is stable. Top Layer Re is a 50%/50% joint venture between State Farm...
Fla. House Says Thumbs Up to Premium Tax Database Bill; Off for Vote in Senate
Mar 16 2004 // A bill creating an electronic database for insurers to use in allocating insurance property and casualty premium taxes was passed Tuesday by Florida’s House and is headed for a vote in the Senate. “We’ve...
St. Paul Unveils Property, Liability Cover for Overseas Operations
Mar 16 2004 // The St. Paul Companies has introduced an enhanced version of Global Companion, an international commercial property and general liability product designed to help protect U.S.-based companies from the risks associated with...
Aspen Adds 5 Underwriters to U.S. Re Team
Mar 9 2004 // Bermuda-based Aspen Insurance Holdings announced the addition of five property reinsurance specialists to Aspen Re America, its recently formed property reinsurance team located in Rocky Hill, Conn. Brian Boornazian, who...
Commercial Property, Liability, Crime
Mar 8 2004 // Nuts & Bolts: The Chubb Group of Insurance Companies has updated its Customarq Classic property policy. Chubb’s Customarq Classic offers U.S. and Canadian commercial customers a choice of monoline property...
Commercial Property, Liability, Crime
Mar 8 2004 // Nuts & Bolts: The Chubb Group of Insurance Cos. has updated its Customarq Classic property policy. Chubb’s Customarq Classic offers U.S. and Canadian commercial customers a choice of monoline property insurance...
Commercial Rates Going Down, Reinsurance Rates Holding Firm
Mar 8 2004 // As Costello famously asked Abbott, “Who’s on first?” A new report released by leading independent insurance intermediary Benfield concludes that despite “ample capacity and signs of resurgent...
Commercial Property, Liability, Crime
Mar 8 2004 // Nuts & Bolts: The Chubb Group of Insurance Companies has updated its Customarq Classic property policy. Chubb’s Customarq Classic offers U.S. and Canadian commercial customers a choice of monoline property...
AIG Higher Education Risk Solutions Unveiled to Meet College and University Risks
Mar 4 2004 // American International Group Inc. (AIG), announced the formation of AIG Higher Education Risk Solutions, a division of the property and casualty insurance subsidiaries of AIG, to address the growing risks faced by colleges...
New Swiss Re Sigma Study Reviews 2003 CAT Losses
Mar 3 2004 // Natural and man-made catastrophes caused the deaths of more than 60,000 people worldwide last year, according to Swiss Re’s latest sigma report. Over two thirds of these were the victims of earthquakes. Overall...
New Jersey Broker Acquired By American Wholesale Insurance Group
Mar 2 2004 // American Wholesale Insurance Group, a large independent wholesale insurance broker, has acquired New Jersey-based Property Risk Services, LLC. (PRS), a property wholesale brokerage group. “The addition of PRS...
Brown & Riding Adds Two New Members to Property Division
Mar 2 2004 // Los Angeles, Calif.-based Brown & Riding Insurance Services recently added two new members to its property division. Ronda Whaley will serve as a property broker. She has over 20 years of experience in commercial...
Korn Joins Lockton Insurance Brokers
Feb 26 2004 // Lockton Insurance Brokers, the nation’s largest independently owned insurance broker, has named Michael Korn, Senior Vice President and Global Property practice leader. He will be based in Lockton’s recently...
Ark. Outlines Expectations for Renewals, Cancellations and Underwriting
Feb 24 2004 // On February 20, 2004, the Arkansas Insurance Department issued the following directive on cancellations, nonrenewals and discriminatory underwriting practices for property and casualty insurance: The Department recognizes...
Unreimbursed Property/Casualty Losses Often Overlooked Tax Deduction Says III
Feb 24 2004 // With less than two months left until tax day, taxpayers are sifting through their files to assess last year’s gains and losses. An often-overlooked deduction is unreimbursed property and casualty losses, according to...
Q4 PROPERTY PREMIUMS DROPPED 9%:
Feb 23 2004 // Commercial insurance buyers say the cost of property insurance fell 8.8 percent in the fourth quarter of 2003, marking the first decline in premium prices in any major line of commercial insurance in nearly four years,...
FLORIDA’S UNCLAIMED PROPERTY PROGRAM NEARS $1 BILLION IN HOLDINGS FOR RESIDENTS:
Feb 23 2004 // At a bimonthly meeting with the governor and other state Cabinet members, Florida Chief Financial Officer Tom Gallagher announced that the Department of Financial Services’ Bureau of Unclaimed Property is holding...
RIMS: Commercial Rates Going Down; Benfield: Reinsurance Rates Holding
Feb 23 2004 // As Abbott and Costello famously observed, “Who’s on First?” A new report from independent insurance intermediary Benfield concludes that despite “ample capacity and signs of resurgent competition,...
RIMS: Commercial Rates Going Down; Benfield: Reinsurance Rates Holding
Feb 23 2004 // As Abbott and Costello famously observed, “Who’s on First?” A new report from independent insurance intermediary Benfield concludes that despite “ample capacity and signs of resurgent competition,...
New Calif. Law Brings Millions to the Unclaimed Property Program
Feb 20 2004 // California State Controller Steve Westly announced the Controller’s Office collected $67 million in unclaimed insurance company stock and cash proceeds belonging to countless Californians. Beginning immediately,...
