Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
The Broker–The Policyholder’s Advocate
Jun 7 2004 // Some large brokerage firms are under siege by New York Attorney General Eliott Spitzer as his investigation scrutinizes the legality of the longstanding practice of Placement Service Agreements (PSAs). This is really about...
Arch Names Finelli Sr. VP – Global Property
Jun 4 2004 // Arch Insurance Group, a division of Arch Capital Group Ltd., announced that Bob Finelli has been named senior vice president for their Global Property division, effective May 24. His responsibilities include overseeing the...
Maine Hopes Resource List Will Aid Homeowners
Jun 1 2004 // Maine Superintendent of Insurance Alessandro A. Iuppa has announced a new resource to assist property owners who have had difficulty obtaining insurance for specific types of residential property insurance risks. “It...
HomeInfoMax Adds New Features to Web site
May 28 2004 // HomeInfoMax, an online real property and ownership information provider has added several new features to its Web site. The recently restructured and redesigned interface now offers several new tools and features intended...
Stewart Title to manage P&C operation with Nexsure from XDimensional Technologies
May 26 2004 // With more than 7,400 issuing locations nationwide, you’d think a product line extension would be a simple process. But that wasn’t the case when Stewart Information Services Corporation decided to add Property...
Insurers Urge Senate Panel to Extend TRIA
May 18 2004 // Congress should act this year to extend the Terrorism Risk Insurance Act (TRIA) for two years beyond its Dec. 31, 2005, expiration date because the private market alone cannot deal with further catastrophic terrorist...
PCI White Paper: Insurer Profitability Must Be Viewed Over Long Term
May 17 2004 // A white paper published by the Property Casualty Insurers Association of America (PCI) shows that insurance industry profitability must be evaluated over the long term and that loss costs, not investment return, are the...
When Comparing Apples-To-Apples Whom Should You Trust’
May 17 2004 // Hard markets have a way of making insurance company financial strength ratings a hot topic of discussion, and not just among insurance agents and brokers. Professional risk managers and other insurance buyers, consumer...
S&P Report: Property Catastrophe Reinsurance Shows Good Year, Despite Higher Losses
May 13 2004 // Despite higher insured catastrophe losses in the U.S. in 2003, companies writing property catastrophe reinsurance realized very strong operating performance, according to a report published by Standard & Poor’s...
S&P Affirms Montpelier Re Ratings; Outlook Stable
May 12 2004 // Standard & Poor’s Ratings Services announced that it has affirmed its “A-” counterparty credit and financial strength ratings on Montpelier Reinsurance Ltd. and its ‘BBB’ counterparty...
RMS, Marshall & Swift/Boeckh Form Partnership to Enhance Property Valuation for Risk Analysis
May 6 2004 // Newark Calif.-based Risk Management Solutions (RMS), a leading provider of products and services for the management of catastrophe risk, and Marshall & Swift/Boeckh (MS/B), leaders in building cost solutions to the...
OneBeacon Joins E&S Property Market
May 6 2004 // OneBeacon Insurance Group LLC, a wholly owned subsidiary of White Mountains Insurance Group Ltd. announced its entry into the excess and surplus lines property business through its new OneBeacon Specialty Property...
IIABA Study Warns on “Electrical Hazards”
May 5 2004 // A survey commissioned by the Independent Insurance Agents & Brokers of America found that out of more than 75 million American homeowners, one out of four never checks for electrical hazards and thus is vulnerable to...
Chubb Introduces an Intellectual Property, Privacy and Communications Liability Risk Management Handbook
May 5 2004 // Chubb has published a new Intellectual Property, Privacy and Communications Risk Management Handbook, “designed to assist companies of any size in evaluating and managing their risk, focusing on copyrighted content,...
N.Y. Again Faces Renewal of FAIR Plan
May 5 2004 // The Professional Insurance Agents of New York State Inc. is asking lawmakers in Albany to reauthorize the New York Property Insurance Underwriting Association, which offers tens of thousands of New Yorkers access to home...
NAMIC: Fla. Legislature Adjourns, Session Productive for Property/Casualty Legislation
May 4 2004 // Florida’s just-ended legislative session “proved to be very productive,” an official with the National Association of Mutual Insurance Companies (NAMIC) said. Florida lawmakers enacted several key...
Property Package for Mercantile/Offices
May 3 2004 // Nuts & Bolts: Cascade/Amstar is offering a new property market for mercantile/offices in buildings up to 60 years old and older buildings 45 to 60 years old. Dollars: Policy limits: Total insured value $250,000;...
Allmerica Reports Improved P&C Earnings for Q1
Apr 28 2004 // Allmerica Financial Corporation (NYSE: AFC) in Worcester, Mass. reported net income for the first quarter of $12.1 million, or $0.23 per share, compared to net income of $37.1 million, or $0.70 per share in the first...
Canadian Firm to Acquire Marshall & Swift/Boeckh
Apr 27 2004 // MacDonald, Dettwiler and Associates Ltd. (TSX: MDA) in British Columbia announced a major expansion of its information products business in the U.S. The company has entered into an agreement to acquire privately held...
Gov. Bush Inks Premium Tax Database Legislation
Apr 27 2004 // Florida Gov. Jeb Bush on Tuesday signed into law a bill creating an electronic database for insurers to use in allocating insurance property and casualty premium taxes. “H.B. 251 is a major step forward in...
