Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
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...
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...
Montana State Auditor Orders Insurers to Drop Wildfire-Related Moratoriums
Aug 4 2000 // State Auditor Mark O’Keefe told all property and casualty insurance companies doing business in Montana to lift all blanket wildfire-related moratoriums on new or increased levels of property insurance, or face...
Commentary: Examining Slave Insurance in a World 150 Years Removed
Jul 24 2000 // In March 2000, Aetna, the nation’s largest health insurer, was criticized for participating in slave insurance 150 years ago. Aetna apologized and expressed its “deep regret” over participating in this...
Conning Co.: Property/Casualty Industry Must
Jul 18 2000 // Insurers in the property/casualty sector will not be able to reduce expense levels significantly unless they address their commission and other acquisition expenses, according to a recent Conning & Company...
