Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
Rising Prices Hit Commercial Property Market
Jan 28 2002 // Dire predictions have been floating around since September 11 regarding the availability and pricing of insurance coverage for commercial property, largely due to the issues surrounding terrorist exclusions and whopping...
Seminar Offers Opportunities Available to Explore Environmental Issues
Jan 22 2002 // Insurance Skills Center has developed a pair of workshops that address the insurance implications of toxic mold claims and Montrose issues to be offered in several California locations. The four-hour “Mold &...
P/C Trends Gain Momentum after U.S. Attacks
Jan 16 2002 // According to A.M. Best Co., the unprecedented events of Sept. 11 have forever changed the way the insurance industry defines risk as both property and liability lines have been exposed to catastrophic risks that cannot be...
COMMERCIAL PROPERTY OWNERS FACE INCREASES
Jan 14 2002 // Commercial property owners throughout the nation can expect their insurance premiums to increase significantly in 2002 due to the impact of the Sept. 11 attacks on the insurance industry, according to Jenny Jones, CEO of...
S&P Downgrades Travelers P/C Corp.
Jan 14 2002 // Standard & Poor’s lowered its senior debt and preferred stock ratings on Travelers Property Casualty Corp. from “A+” and “A-” to “A” and “BBB,” respectively. At...
CDI sets landlord’s facts straight
Jan 14 2002 // Jagdish Chandra of Fullerton was arrested by CDI investigators arrested on one count of insurance fraud and two counts of perjury. Chandra, 58, was booked into the Orange County Jail on a $10,000 bail felony warrant. An...
S&P Downgrades Travelers P/C Corp.
Jan 14 2002 // Standard & Poor’s lowered its senior debt and preferred stock ratings on Travelers Property Casualty Corp. from “A+” and “A-” to “A-“and “BBB,” respectively. At...
Commercial Property Owners Face Large Insurance Premium Increases in 2002
Jan 4 2002 // Commercial property owners throughout the nation can expect their insurance premiums to make major leaps this year due to the repercussions of the Sept. 11 attacks rippling through the insurance industry, according to...
Welcome to the 3rd Annual “Top Ten Stories of the Year”
Dec 24 2001 // In what became one of the most significant, traumatic and challenging years in U.S. history, the insurance industry, along with the rest of the nation, has had to come to terms with the terrorist attacks perpetrated...
New York Attack Caused Record Losses for Property Insurers
Dec 21 2001 // Initial Swiss Re estimates say that 2001 was a very costly year for property insurers. In a PRNewswire report, man-made and natural catastrophes claimed more than 33,000 lives worldwide in 2001, with the direct financial...
Travelers Property Casualty Corp. Ratings Lowered
Dec 20 2001 // Standard & Poor’s lowered its senior debt and preferred stock ratings on Travelers Property Casualty Corp. to “A-” and “BBB”, respectively, from “A+” and “A-.” At...
Top 10 Stories of 2001
Dec 17 2001 // Recollections and Renewal: Looking Back at 2001 with an Eye to the Future This is the year that was. It is one that many people will be glad to see come to an end because the new year always brings hope—for a rebirth,...
Property and Casualty Commercial Rate and Policy Form Model Law Approved
Dec 14 2001 // State insurance commissioners have advanced a model law to modernize commercial rate and form filings, with final approval possible in the spring. A working group of the National Association of Insurance Commissioners...
Fullerton, Calif. Man Arrested on Fraud, Perjury Charges
Dec 11 2001 // California Department of Insurance Fraud Investigators arrested a Fullerton man last week on one count of insurance fraud and two counts of perjury. Jagdish Chandra, 58, was booked into the Orange County Jail on a $10,000...
Basics of Business Interruption Insurance
Dec 3 2001 // In the wake of the terrorist attacks on the World Trade Center and the weekly reports of new anthrax scares, businesses are evaluating what coverage would be available to them if their own business is interrupted....
Commentary: Flood Sales 101-Fact vs. Fiction
Dec 3 2001 // • I don’t need flood insurance; I’m not in a flood zone. • I don’t need flood insurance; this neighborhood has never flooded. • I don’t need flood insurance; Uncle Sam will buy a new house for...
CA Supreme Court Reaffirms: 7 Years After Northridge, Insurers Can Be Sued
Nov 26 2001 // The California Supreme Court recently upheld the new law that insurance companies can be sued for their failure to cover damage that their adjusters mistakenly overlooked, even when the legal deadlines for such lawsuits...
Nonprofits Growing Fast But Still a Tough Class
Nov 26 2001 // Nonprofit organizations are among the fastest growing sectors of the U.S. economy and while many companies try to steer away from writing policies for nonprofits, there are a few that thrive on the business. Those who do...
SAFECO Rating Affirmed
Nov 21 2001 // Following Seattle-based SAFECO’s announced loss reserve strengthening and subsequent discussions with management, A.M. Best Co. has affirmed the financial strength rating of A (Excellent) for the property/casualty...
Uncertainty on Insurance Hits NYC Commercial Property Market
Nov 20 2001 // Lower Manhattan has suffered a catastrophic decline in tenants seeking office space since the destruction of the World Trade Center. According to a study by Newmark & Company published in the New York Times there are...
