Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
AFG and Subs Affirmed
Jan 26 2004 // Fitch Ratings affirmed the “BBB+” long-term issuer ratings of American Financial Group Inc. (AFG) and its subsidiaries American Premier Underwriters Inc. and Great American Financial Resources Inc. (GAFR). The...
Fitch Affirms Debt Ratings for Citizens Property Insurance Corp.
Jan 23 2004 // Fitch Ratings has affirmed the ‘A’ long-term issuer and senior debt ratings of Citizens Property Insurance Corporation (Citizens). This includes the ‘A’ rating assigned to the high-risk account...
Commercial Insurance Buyers Say Property Premiums Fell Nearly Nine Percent in Fourth Quarter
Jan 22 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,...
Collector Systems Unveils Solution for Tracking Property
Jan 20 2004 // Collector Systems, LLC ( www.collectorsystems.com ) announced the release of “Collector Systems” version 1.5, the latest iteration of its data management solution for keeping track of works of art, antiques,...
Insurers’ 2003 Cat Losses Total $12.8 Billion
Jan 16 2004 // U.S. property/casualty insurers paid $12.8 billion to homeowners and businesses for insured property losses from 21 catastrophic events last year, according to current estimates by Insurance Services Office, Inc.’s...
Aspen Announces New U.S. Property Reinsurance Team
Jan 16 2004 // Bermuda-based Aspen Insurance Holdings Limited announced that, subject to regulatory filings, it will expand its U.S. property reinsurance underwriting as of January 26, 2004 through the formation of a new property...
Designing an Internal Perpetuation Plan
Jan 12 2004 // Perpetuation planning should begin as soon as the business is acquired. While immediate action is not necessary, there should be initial consideration given to the process. The four major techniques to transfer ownership...
Infinity Property and Casualty Notes Exercise of Over-Allotment Option
Jan 8 2004 // Alabama-based Infinity Property and Casualty Corporation, a provider of personal automobile insurance with an emphasis on nonstandard auto insurance, announced that the underwriters of its recent secondary offering have...
Fitch Affirms AFG and Subs
Jan 7 2004 // Fitch Ratings has affirmed the ‘BBB+’ long-term issuer ratings of American Financial Group Inc. (AFG) and its subsidiaries American Premier Underwriters Inc. (APU) and Great American Financial Resources Inc....
P/C Industry’s Net Income Surges, But Slowing Premium Growth May Hamper Further Progress, Report Says
Dec 23 2003 // According to a report released by the Insurance Services Office Inc. (ISO) and the National Association of Independent Insurers, the U.S. property/casualty industry’s net income after taxes increased to $21.1 billion...
Infinity Property and Casualty Reports Pricing of Secondary Offering
Dec 15 2003 // Alabama-based Infinity Property and Casualty Corporation, a national provider of personal automobile insurance with an emphasis on non-standard auto insurance, announced that the secondary offering of 7,850,465 shares of...
Flood Insurance Program Gets Three-Month Extension
Dec 15 2003 // The major changes Congress has in mind for the National Flood Insurance Program are still on the table, as both the House and Senate voted to extend the program as is for only three months to allow time to hammer out an...
Conference Sure of Firm Market, Uncertain About Future of Regulation
Dec 15 2003 // Except for the future of insurance regulation, there was surprising unanimity on leading issues facing the property and casualty insurance industry among both panelists and guests at the Fifteenth Annual Executive...
Flood Insurance Program Gets Three-Month Extension
Dec 15 2003 // The major changes Congress has in mind for the National Flood Insurance Program are still on the table, as both the House and Senate voted to extend the program as is for only three months to allow time to hammer out an...
Conference Sure of Firm Market, Uncertain About Future of Regulation
Dec 15 2003 // Except for the future of insurance regulation, there was surprising unanimity on leading issues facing the property and casualty insurance industry among both panelists and guests at the Fifteenth Annual Executive...
9 Programs That May Just Fit the Bill
Dec 1 2003 // The December 2002 Insurance Journal “program directory” issue highlighted eight programs that the editorial staff considered to be unique, interesting or tough to find. This year we’ve added one more to...
9 Programs That May Just Fit the Bill
Dec 1 2003 // The December 2002 Insurance Journal “program directory” issue highlighted eight programs that the editorial staff considered to be unique, interesting or tough to find. This year we’ve added one more to...
Property Monoline/Package
Dec 1 2003 // Nuts & Bolts: Trinity E&S Insurance Services Inc. is offering a market for package/monoline property. Dollars: Policy limits of $1,000/$2,000/ $1,000. Deductibles vary and minimum premiums of $400. Carrier: Rated...
Federal Terrorism Insurance Issues Examined at CAS Annual Meeting
Nov 26 2003 // Actuaries reportedly face difficult challenges in accurately pricing commercial property insurance coverage under the Terrorism Risk Insurance Act of 2002 (TRIA), the temporary federal financial backstop for insuring...
Infinity Property & Casualty Corp. to Relocate Corporate Headquarters
Nov 24 2003 // Colonial Properties Trust announced that Alabama-based Infinity Property and Casualty Corporation will relocate its corporate headquarters to Colonial Center at Colonnade on or prior to April 1, 2005. Infinity Insurance...
