Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
ISO Estimates Insurers Will Pay $335M from Hurricane Lili’s Damage to Insured Property
Oct 17 2002 // Insurers are expected to pay $335 million to homeowners and businesses for insured-property losses from Hurricane Lili that struck Louisiana and Mississippi on Oct. 3, according to estimates by the Insurance Services...
Foremost Mobilehome Insurance Rates to Increase
Oct 10 2002 // Nevada Insurance Commissioner Alice A. Molasky-Arman has approved a mobile homeowners insurance rate change for the Foremost Insurance Company Grand Rapids, Michigan (“Foremost Insurance”), American Federation...
An Exact Science: Insuring Biotech Takes Know-How
Sep 30 2002 // As far as commercial property and casualty coverages are concerned, it goes without saying that individual companies require specific types of policies to most effectively address risks inherent to their industries. The...
Task Force Releases Scoring Report, Unveils Water Intrusion Prevention Pilot
Sep 27 2002 // The NeighborWorks® National Insurance Task Force (NITF) has announced several activities to support its efforts to make insurance more available and affordable in lower-income communities. The activities include a report...
Travelers Property Casualty Authorizes $500M Share Repurchase
Sep 26 2002 // Travelers Property Casualty Corp. announced that its Board of Directors authorized the company to spend up to $500 million for the repurchase of its Class A and Class B common stock. The repurchases may be made from time...
Patriot Act Final Rules on Money Laundering Exempt P/C Insurers
Sep 20 2002 // The U.S. Treasury Department’s final rules on implementation of the USA Patriot Act exclude property/casualty insurers from specific sections of the law aimed at detecting terrorists’ money laundering schemes...
Apex Software Releases Pocket PC Floorplan Sketcher
Sep 17 2002 // Texas-based Apex Software, developers of the Apex suite of property sketch applications, has released Pocket Apex, a floorplan sketcher for the Pocket PC. Pocket Apex is designed for the new hand-held Pocket PC devices for...
Privacy, Auto Repair Shop Bills Fail in Calif. 2002 Legislative Session
Sep 10 2002 // California’s 2002 legislative session came to a close recently without passage of bills aiming to restrict insurers’ use of personal financial information and investments in auto repair shops. Both measures...
WTC Claims Dispute, $7.1 Billion at Stake
Sep 2 2002 // Despite recent court ordered settlement procedures, the legal dispute pitting Swiss Re and 21 other insurance companies against Silverstein Properties, the master leaseholder on the twin towers of the World Trade Center,...
Besieged by Cyber Liability’
Sep 2 2002 // Web sites, online services, e-mail and software programs have created vast new industries whose clients demand that insurance coverage is in place prior to awarding contracts. Aside from creating new business...
WTC Claims Dispute, $7.1 Billion at Stake
Sep 2 2002 // Despite recent court ordered settlement procedures, the legal dispute pitting Swiss Re and 21 other insurance companies against Silverstein Properties, the master leaseholder on the twin towers of the World Trade Center,...
Besieged by Cyber Liability’
Sep 2 2002 // Web sites, online services, e-mail and software programs have created vast new industries whose clients demand that insurance coverage is in place prior to awarding contracts. Aside from creating new business...
IIABA Calls on State Securities Regulators to Identify Fraud Perpetrators
Aug 28 2002 // A news release on investment fraud scams issued by a state securities regulator group grossly misidentifies the perpetrators as independent insurance agents, said Independent Insurance Agents & Brokers of America...
Travelers Property Casualty Corp. Spin-Off Completed
Aug 22 2002 // Travelers Property Casualty Corp. announced that Citigroup has completed the spin-off of Travelers Property Casualty by distributing 219,050,000 shares of Travelers class A common stock and 450,050,000 shares of Travelers...
Groups Urge Regulatory Constraint at Fla. Mold Hearings
Aug 21 2002 // Both the American Insurance Association (AIA) and the Alliance of American Insurers urged Florida policyholders, insurers, and regulators to take a rational approach to mold issues at a recent hearing held by the...
Fitch Report Estimates Billions in Continued Asbestos Costs
Aug 19 2002 // Fitch Ratings released a special report, “Asbestos: Impact on the U.S. Insurance Industry,” describing how future claims will affect property and casualty insurers. The report includes estimates of...
Webs for the Unwary: The Perils of Internet Marketing
Aug 19 2002 // The World Wide Web—touted as the greatest communication development of all time—has also become the world’s biggest catalog. Along with the use of the Internet for marketing, have come new torts, and a new body...
Hartford Fire Outlook Neg
Aug 19 2002 // Standard & Poor’s said the outlook for Hartford Fire Insurance Co. and related property/casualty entities remains negative despite the trend toward improved earnings throughout the remainder of 2002. The...
Travelers Property Casualty Chairman Responds to Inclusion in S&P’s Index
Aug 16 2002 // Travelers Property & Casualty will have its class B shares included in the Standard & Poor’s 500 Index. Travelers Property Casualty Chairman and CEO Robert Lipp, noted “I am very pleased that the hard...
XML Provides the Missing Link for SEMCI
Aug 13 2002 // Agents have faced the problem ever since insurance companies first introduced applications. Each company had its own form, so the agent who wanted to submit the same account to several underwriters had to write the same...
