Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
Insurers Look to Wipe Clean Toxic Mold Claims
Jun 10 2002 // For U.S. insurers, reinsurers, and property professionals still reeling from the $32 million a Texas jury awarded Melinda Ballard in her toxic mold lawsuit against Farmers Insurance last year and the $18.5 million a...
Insurers & Contractors Trying to Nail Down Proper Coverage
Jun 10 2002 // If you’re placing coverage for a client who is a contractor, there are three factors that determine what obstacles you will encounter: location, location, location. The real question, however, is whether it will stay...
A.M. Best Affirms FM Global Rating
May 31 2002 // A.M. Best has affirmed insurer FM Global’s A+ (superior) rating due to “the group’s superior capitalization, prominent market position within the commercial property market and the long- term benefits to...
Standard and Poor Places Travelers’ Gulf Cos. on Negative Watch
May 30 2002 // Standard & Poor’s affirmed its single-‘A’-minus counterparty credit and senior debt ratings on Travelers Property Casualty Corp. (Travelers) and its double-‘A’-minus counterparty credit...
Standard and Poor’s: U.S. P/C Insurance Rates to Continue Increase on Renewals
May 17 2002 // While the events of Sept. 11 accelerated the increase in U.S. commercial real estate insurance premiums, property and casualty insurance costs had already begun rising in 2000, independent of terrorism-coverage costs,...
The St. Paul Companies Unveils New Underwriting Operation for Large, National Property Accounts
May 14 2002 // The St. Paul Companies has formed a new underwriting operation that will target large national and regional property risks in the U.S. The new operation, Property Solutions, will offer a full range of property insurance...
Travelers Property Casualty Chooses New Board Members
May 13 2002 // Frank J. Tasco, Leslie B. Disharoon and Kenneth J. Bialkin have joined the Travelers Property Casualty Board of Directors. The new directors have agreed to serve until Citigroup completes its previously announced tax-free...
Insurance Industry Posts Strong Q1 Gains HOW REAL ARE THEY’
May 13 2002 // After suffering its first ever net loss in 2001,an extraordinary and dismal year by anyone’s reckoning, the property/casualty industry finally received some good news as earnings reports for the first quarter of 2002...
XML Provides the Missing Link for SEMCI
May 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...
Insurance Industry Posts Strong Q1 Gains
May 13 2002 // After suffering its first ever net loss in 2001, an extraordinary and dismal year by anyone’s reckoning, the property/casualty industry finally received some good news as earnings reports for the first quarter of...
XML Provides the Missing Link for SEMCI
May 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...
Horace Mann Reports Slight Increase in
May 7 2002 // Horace Mann Educators Corporation of Springfield, Ill., a provider of a variety of insurance products to educators, reported operating income of $13.9 million, for the first quarter ended March 31, 2002, slightly higher...
FM Global Unveils New Technology Center
May 2 2002 // FM Global has developed a new US$70 million-plus world-class scientific research and product-testing complex to meet its customers’ increasingly sophisticated property protection needs, expand its capabilities,...
American Institute Revamps CPCU Program
May 1 2002 // The American Institute for CPCU has just announced major changes in its Chartered Property Casualty Underwriter (CPCUÒ) professional designation program. Starting in the summer of 2002, the CPCU program will Require...
News Analysis: Commentary on Full Year 2001
Apr 29 2002 // The property/casualty insurance industry reported a statutory rate of return of negative 2.7 percent in 2001, down from 6.5 percent return for the year 2000. The results were released by the Insurance Services Office, Inc....
Insurers to Pay $580M Related to Insured-Property Damage in 1stQ 2002
Apr 24 2002 // Insurers are expected to pay $580 million to homeowners and businesses for insured-property losses from three catastrophe events in the first quarter this year—the lowest first-quarter loss in more than a...
Study Finds Companies Need to Prepare More for Property-Related Hazards
Apr 19 2002 // A study focusing on Fortune 1,000 chief financial officers (CFOs), treasurers and risk managers covering a broad range of industries reports more than 50 percent say their companies are not well-prepared to come back from...
Cattle Loom Large on the Farm & Ranch Scene
Apr 15 2002 // Whoopee ti yi yo, git along little dogies It’s your misfortune, and none of my own. Whoopee ti yi yo, git along little dogies, For you know Wyoming will be your new home. That trail song, used by historian Walter...
2001: The Insurance Industry’s ‘Annus Horribilis’
Apr 15 2002 // In future years property/casualty insurers will no doubt look back on the year 2001 and shudder. Right now they’re too busy coping with the reality of the industry’s “annus horribilis,” to borrow...
Cattle Loom Large on the Farm & Ranch Scene
Apr 15 2002 // Whoopee ti yi yo, git along little dogies It’s your misfortune, and none of my own. Whoopee ti yi yo, git along little dogies, For you know Wyoming will be your new home. That trail song, used by historian Walter...
