Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
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...
The Evolving Excess & Surplus Lines Market
Nov 13 2000 // The excess and surplus lines, or non-admitted, market is comprised of property & casualty companies that provide insurance that is unavailable to businesses in the standard, or admitted, market due to the unique...
Insurance Domain Names Will Hit the Auction Block in London
Nov 13 2000 // A domain (from Old French demesne) once meant owning a specific piece of ground—real dirt with a castle on it. Not anymore. Virtual properties are now as valuable as real ones. Need more proof? On Nov. 22, Colliers CRE,...
Federal Appellate Court Rules Again on Slab Damage Claim
Nov 6 2000 // In 1998, the Texas Supreme Court addressed the question of whether the standard Texas homeowners’ policy covered damage to a home’s foundation resulting from a plumbing leak. The court decided that the standard...
Lyndon Property Upgraded
Oct 30 2000 // The counterparty credit rating and financial strength rating (FSR) on Lyndon Property Insurance Co. were removed from CreditWatch, where they were placed by S&P on Oct. 22, 1999, subsequent to the announcement of...
Third-Quarter Catastrophe Losses Hit Record Low
Oct 30 2000 // U.S. property/casualty insurers recently received good news from the Insurance Services Office Inc.’s (ISO) Property Claim Services (PCS) unit. Third-quarter insured catastrophe losses registered at $315...
Corraling The Horse Market
Oct 23 2000 // With only 17 percent of the nation’s 6 million horses insured, the equine market is ripe for picking In today’s steady economy, equine insurance could be one of the best markets you’ve never thought about...
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Oct 9 2000 // Q: Our insured has an HO-160 Scheduled Personal Property endorsement on his homeowners policy covering camera equipment and jewelry. While on vacation, the camera, some jewelry and other unscheduled personal property were...
Playing The Green: Insuring Golf Courses
Oct 9 2000 // It’s a well known fact in the insurance industry that we are also, in large part, the golf industry. Nine times out of 10, a golf tournament will accompany a convention. Want to raise money for charity? Sponsor a...
Questions & Answers
Oct 9 2000 // Q. Our insured has an HO-160 Scheduled Personal Property endorsement on his homeowners policy covering camera equipment and jewelry. While on vacation, the camera, some jewelry and other unscheduled personal property were...
Property/Casualty Insurers Watch Profits Fly Out the Window
Sep 25 2000 // ISO, NAII Report First-Half Net Income for Insurers Plunged; Fitch Adopts Negative P/C Outlook It hasn’t gone to hell in a handbasket yet, but the outlook for the property and casualty industry is far from good. On...
Commercial Property/Casualty Rates Continue Upwarde
Sep 18 2000 // Commercial property-casualty rates continued to increase across the country, according to a report by The Council of Insurance Agents and Brokers (CIAB). Through its quarterly Market Index Survey, released last month, CIAB...
Playing the Green: Insuring Golf Courses
Sep 18 2000 // It’s a well known fact in the insurance industry that we are also, in large part, the golf industry. Nine times out of 10, a golf tournament will accompany a convention. Want to raise money for charity? Sponsor a...
Is It a Program or a Package’ Here’s How to Tell the Difference
Sep 18 2000 // If both programs and packages combine necessary, traditional lines of coverages into a “package,” how can you really tell one from the other? “You could write a package program for a...
Commentary on First Half 2000 Results
Sep 14 2000 // The property/casualty insurance industry reported a statutory rate of return of 5.6 percent (on an annualized basis) during the first half of 2000, down from 8.2 percent during the first half of 1999 and 6.6 percent for...
Commercial P/C Rates Continue Upward
Sep 4 2000 // Commercial property-casualty rates continued to increase across the country, according to a report by The Council of Insurance Agents and Brokers. The same held true in Texas, where brokers estimate premium increases...
When Agents Go Bankrupt
Sep 4 2000 // Commissions structures can pose serious problems for agents going through bankruptcy. Protect yourself before you need protection. I admit it. I have a bearish streak. When I was a boy, I firmly believed that everything...
Commercial P/C Rates Continue Upward
Aug 16 2000 // Commercial property-casualty rates continued to increase across the country according to a report by The Council of Insurance Agents and Brokers. Through its quarterly Market Index Survey, released today, The Council...
Fremont General Posts $270 Million Quarterly Net Loss, Announces Strategic Reinsurance Plan
Aug 14 2000 // Fremont General Corporation reported a second quarter net loss of $268,073,000 comprised of a net loss from continuing operations of $270,318,000 and an after tax gain on the extinguishment of debt of $2,245,000. The...
Questions & Answers
Aug 14 2000 // Q: We have a business client whose home is located on 10 acres of land with a barn. On this land the insured, who is not a farmer, keeps a small tractor/mower and several horses, along with saddles and tack for personal...
