Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
ISO Predicts Insurers Will Pay $705 Million in
Apr 21 2001 // According to preliminary estimates from the Insurance Services Office Inc’s (ISO) Property Claim Services (PCS) unit, U.S. property/casualty insurers will pay homeowners and businesses $705 million for insured...
A.M. Best Reports U.S. Continued Weakening in U.S. Property/Casualty Results for 2000
Apr 16 2001 // According to a new A.M. Best Co. report, property/casualty results for the fourth quarter and the full year 2000 continued to weaken as the effects of the prolonged soft market overshadowed the benefits of price firming....
DataQuick Enhances XML Real Property Data Offering
Apr 3 2001 // San Diego-based DataQuick, a subsidiary of MacDonald Dettwiler which delivers real property data in XML format, announced the enhancement of its XML-formatted data offering. DataQuick customers are now able to send data...
UM/UIM Developments
Mar 19 2001 // Insurance covers accidents. In the legal world, we call these “fortuities”, but it all boils down to accidental happenings. First-party insurance, for example property insurance, covers financial losses...
ISO Estimates $330 Million in Claims Payments for Northwest Earthquake
Mar 16 2001 // Property/casualty insurers will pay $330 million to homeowners and businesses for insured property damage from the earthquake that struck Seattle and nearby areas of Washington and Oregon, according to preliminary...
The Tide is TURNING For Marine Insurance
Mar 5 2001 // For the past decade, the marine insurance market has been struggling to keep its head above water. And to make matters worse, premiums dropped 4.1 percent between 1998 and 1999-marking the third straight year of decline....
Marine Market in a State of Flux
Feb 26 2001 // For the past decade, the marine insurance market has been struggling to keep its head above water. And to make matters worse, premiums dropped 4.1 percent between 1998 and 1999-marking the third straight year of decline....
A.M. Best Report Shows Property/Casualty Industry Excess Capital as Blessing, Curse
Feb 16 2001 // The property/casualty industry could return capital to its stakeholders without risking rating downgrades or insolvency, according to A.M. Best Company, which is conducting an ongoing analysis of risk-adjusted...
Commercial P/C Rates Hardened in 2000
Jan 30 2001 // Through its fourth quarter 2000 Commercial Insurance Market Index, released yesterday, The Council reported commercial property/casualty premium rates across all lines of the business and group medical coverage rose...
TEXAS APPROVES MANDATORY ENDORSEMENT
Jan 22 2001 // Texas Insurance Commissioner Jose Montemayor has approved changes to residential property insurance policies that will provide additional coverage when compliance with building codes and local ordinances drive up the cost...
Banks are Moving Full Force Into Insurance World, Survey Says
Jan 15 2001 // A total of 26 percent of all banks nationwide are selling small business property and casualty lines of insurance, and 23 percent plan to do so within the next two years, according to a recent survey. The survey also shows...
Viejas Fire Property Damage Estimated at $2 Million
Jan 11 2001 // A preliminary property damage assessment for the Viejas fire was released by fire officials yesterday. According to Capt. Andy Menshek of the San Miguel Consolidated Fire Protection District, property losses are estimated...
Missouri Property, Liability Insurance Profitable
Jan 8 2001 // Virtually all lines of Missouri property and casualty insurance, including liability coverage, remained profitable in 1999, although margins fell slightly from the previous year, based on data from the National Association...
Who Owns A Customer’
Jan 8 2001 // The American economic scene is characterized by at least three general trends. There may be more. First, many large businesses are cutting back. Almost every day one reads in the paper that some huge, well-known...
TEXAS APPROVES MANDATORY ENDORSEMENT
Jan 8 2001 // Texas Insurance Commissioner Jose Montemayor has approved changes to residential property insurance policies that will provide additional coverage when compliance with building codes and local ordinances drive up the cost...
Welcome to our First Ever
Jan 8 2001 // The demarcation between years always seems to take on a contemplative aspect. We look back to where we’ve been, and then look forward to weigh our expectations. Will the market continue to harden? Will the dot-coms...
Banks Moving Full Force Into Insurance, Survey Says
Jan 4 2001 // A total of 26 percent of all banks nationwide are selling small business property and casualty lines of insurance and 23 percent plan to do so within the next two years, according to a recent survey. The survey also shows...
A.M. Best Assesses Excess Capital in U.S. Property/Casualty Industry
Dec 6 2000 // Over the past decade, the U.S. property/casualty insurance industry’s excess capital position has grown dramatically due to slower premium growth, better risk management techniques and significant surplus gains. This...
Commercial P/C Rates Continue to Harden
Nov 20 2000 // Property/casualty rates for small, medium and large commercial lines continued to rise between July 1 and Sept. 30, according to The Council of Insurance Agents and Brokers’ Commercial Insurance Market Index for the...
Questions&Answers
Nov 20 2000 // Q We have a company that says they are not going to use the benchmark rates approved in June for residential property. Can they do that and how do the benchmarks work? A If it is a Texas Lloyds company, it is not required...
