Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
Hannover Re 2003 Net up 32.8% to $431 Million
Mar 30 2004 // Germany’s Hannover Re Group joined Swiss Re and General Re in reporting a very successful 2003. The world’s fourth largest reinsurer posted net income of 354.8 million euros ($43I million) compared to 267.2...
Miss. Workshop Addresses Problem of Juvenile Firesetting; Reportedly $190 Million in U.S. Property Destroyed Annually
Mar 30 2004 // Mississippi Chief Deputy Fire Marshal Millard Mackey and members of his staff recently participated in a two-day workshop designed to address the problem of juvenile fire setting, one of the reportedly fastest-growing...
Crawford & Co. to Act as Service Provider for Cypress Property & Casaulty
Mar 25 2004 // Atlanta-based Crawford & Company was recently named the primary vendor for property and casualty claims services for Cypress Property & Casualty Insurance Company. Crawford will administer the program using a...
St. Paul Enhances Commercial Property-General Liability Product for Companies with Foreign Operations
Mar 25 2004 // The St. Paul Companies announced the introduction of an enhanced version of “Global Companion,” which it described as “an international commercial property and general liability product designed to help...
Terrorism and TRIA – What’s in Store for the Future’
Mar 22 2004 // Two years later, fate of the historic act remains unknown If a camel is a “horse made by a committee” then the Terrorism Risk Insurance Act (TRIA), passed by Congress in November 2002, is a law made by several...
Mass. Eyes Fla.-style Hurricane Fund to Ease Coastal Homeowners Crisis
Mar 22 2004 // Massachusetts officials, searching for ways to ease a homeowners insurance availability crisis on Cape Cod and other coastal areas, are researching how Florida dealt with its insurance difficulties 10 years ago when it set...
Commercial Property, Liability, Crime
Mar 22 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...
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...
