Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
A.M. Best Affirms Nationwide’s FSRs, Assigns Initial Debt Ratings
Jun 26 2001 // A.M. Best Co. affirmed the A+ (Superior) financial strength ratings (FSR) of the primary property/casualty operations of the Nationwide Group, Columbus, Ohio, as well as its affiliated life insurance companies. In...
PROPERTY CATASTROPHE RATES UP
Jun 18 2001 // U.S. property catastrophe rates increased at January 2001 renewals for the first time since 1994, according to Paragon Reinsurance Risk Management Services, Inc. a wholly owned subsidiary of Benfield Blanch Holdings, Inc....
Agents Selling Financial Services, Three Texas Agents Discuss Success
Jun 4 2001 // During the last decade, the wall separating the worlds of banking and insurance has crashed down. Banks are buying insurance agencies. Banks are merging with insurance companies. The Independent Insurance Agents of America...
Marshall & Swift Merger with E.H. Boeckh and DDS Completed
May 22 2001 // Marshall & Swift, a publisher and source of building cost data and services to the insurance industry, announced the completion of its merger with E.H. Boeckh, a supplier of building cost information, and Digital...
Gomez Study Identifies Consumer Adoption Trends for P/C Insurers
May 21 2001 // The Internet delivery of property and casualty insurance products and services is approaching the mainstream, according to a consumer research study released by Gomez Inc., an Internet quality measurement firm. The study...
A.M. Best Report: Asbestos Claims Surge Set to Dampen Earnings
May 21 2001 // The property/casualty industry may be facing a surge in asbestos claims that could cumulatively cost the industry as much as $65 billion. This new estimate of ultimate asbestos-related losses is nearly two-thirds higher...
ICT To Hold Property and Casualty Symposium
May 14 2001 // The Insurance Council of Texas will hold its annual meeting along with a property and casualty insurance symposium June 27-28 in Austin. Member company representatives are encouraged to attend the annual meeting and the...
XML Provides the Missing Link for SEMCI
May 13 2001 // 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...
Acceptance Ins. Cos. Announces Sale of P/C Businesses
May 11 2001 // Acceptance Insurance Companies Inc., an insurance holding company providing agricultural risk management products and services throughout the U.S., agreed to sell two wholly owned insurance companies to McM Corporation, a...
ISO Estimates Insurers To Pay $705 Million in First-Quarter Cat Damage
May 7 2001 // U.S. property/casualty insurers will pay homeowners and businesses $705 million for insured property losses from three catastrophic events in the first quarter of this year, according to preliminary estimates from...
ISO Estimates Insurers To Pay $705 Million in First-Quarter Cat Damage
Apr 30 2001 // U.S. property/casualty insurers will pay homeowners and businesses in Texas $65 million for insured property losses from catastrophic events in the first quarter of this year. Only Washington and Mississippi incurred...
Corralling The Horse Market
Apr 23 2001 // In today’s steady economy, equine insurance could be one of the best markets you’ve never thought about tapping. Then again, if you don’t know the front end of a horse from the back, it could also be the...
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...
