Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
Crump Names Sienkiewicz Property Broker
Aug 4 2006 // Natalie Sienkiewicz has joined Crump Insurance Services Northwest as a property broker in the Bothell, Wash., office. Prior to joining Crump, she spent seven years as a package underwriter for Chubb focusing on commercial...
AmCom Offers Contractors’ Property and Inland Marine Coverage
Aug 4 2006 // AmCom Insurance Services Inc. in San Ramon, Calif., is offering contractor’s property and inland marine coverage in California to compliment the existing, preferred commercial auto program. The program is being...
Safeco Reports Strong Profitability in Second Quarter
Aug 2 2006 // Seattle-based Safeco has reported second-quarter net income of $199.7 million, reflecting consistent, profitable underwriting performance across all major lines of business. According to the company, it initiated expense...
Mercator Expands Northeast Property Practice with Gatto
Aug 1 2006 // Mercator Risk Services, an independent wholesale insurance broker, has added Vincent Gatto to its Northeast property practice as a vice president. Prior to joining Mercator, Gatto worked for eight years as a retail and...
Citizens Property in ‘Strong Financial Postion’
Jul 27 2006 // Citizens Property Insurance Corporation has $5 billion in reserves to deal with potential losses as the 2006 hurricane season moves into the traditionally active month of August, according to Bob Ricker,...
Infinity Property and Casualty Declares Quarterly Dividend
Jul 26 2006 // Infinity Property and Casualty Corp. of Birmingham, Ala. has declared a quarterly dividend of $0.075 per share of Infinity Property and Casualty Common Stock. The dividend is payable on Aug. 21, 2006 to holders of record...
OneBeacon Onboard ABC Aviation Property Program
Jul 24 2006 // The ABC Program, a subsidiary of Adrian N. Baker & Co., a national program administrator for regional airports and fixed-based operators, announced that its aviation property program – The ABC Program –...
Donelon orders insurers to extend hurricane claims period in Louisiana
Jul 24 2006 // Just over a month after asking insurers in his state to voluntarily do so, Louisiana Commis-sioner of Insurance Jim Donleon issued Directive 199 mandating that all companies insuring property in Louisiana extend the period...
U.S. property/casualty industry posts record 1Q profits
Jul 24 2006 // The U.S. property/casualty industry’s net gain on underwriting rose $1.4 billion, or 20.8 percent, to $8.4 billion in first-quarter 2006 from $6.9 billion in first-quarter 2005. The combined ratio–a key measure...
Sen. Smith unveils ‘comprehensive plan’ to fix Florida’s insurance woes
Jul 24 2006 // Unless the state adopts a comprehensive and workable plan, accumulating financial stress could destroy the viability of the Florida insurance market and leave millions of Floridians without affordable and reliable...
Mass. Fair Plan plays catch-up on reinsurance, rates
Jul 24 2006 // The biggest increases are in store for coastal Cape Cod, where the Fair Plan has become the leading property insurer rather than the insurer of last resort as intended. News Currents Last summer when the Massachusetts Fair...
N.Y. lawmakers disappoint on property insurer; avoid workers’ comp reform
Jul 24 2006 // The New York State Legislature’s most recent session will be remembered by insurance lobbyists more for what did not get accomplished than for what did. The Republican-controlled Senate and the Democrat-led Assembly...
‘Adequate rate for the risk’ a big concern for industry executives
Jul 24 2006 // The question of how to structure property insurance rates adequately in coastal zones while still making it affordable for people to live and work there is becoming an increasingly important one to insurers and consumers...
Optional federal charter is needed
Jul 24 2006 // Editor’s note: The following excerpt is edited from an oral statement made by Joseph J. Beneducci, president of Fireman’s Fund at the Senate Banking, Housing and Urban Affairs Committee’s July 11 hearing...
Ill. RLI Opens New Property Underwriting Office in Northwest
Jul 24 2006 // Peoria, Ill.-based RLI has opened a new property underwriting office in the Seattle area, according to RLI Vice President, West Coast Property, Kevin McDonough. Based in Lynnwood, Wash., the business provides excess and...
Optional federal charter is needed
Jul 24 2006 // Editor’s note: The following excerpt is edited from an oral statement made by Joseph J. Beneducci, president of Fireman’s Fund at the Senate Banking, Housing and Urban Affairs Committee’s July 11 hearing...
U.S. property/casualty industry posts record 1Q profits
Jul 24 2006 // News Currents The U.S. property/casualty industry’s net gain on underwriting rose $1.4 billion, or 20.8 percent, to $8.4 billion in first-quarter 2006 from $6.9 billion in first-quarter 2005. The combined...
Optional federal charter is needed
Jul 24 2006 // Editor’s note: The following excerpt is edited from an oral statement made by Joseph J. Beneducci, president of Fireman’s Fund at the Senate Banking, Housing and Urban Affairs Committee’s July 11 hearing...
‘Adequate rate for the risk’ a big concern for industry executives
Jul 24 2006 // The question of how to structure property insurance rates adequately in coastal zones while still making it affordable for people to live and work there is becoming an increasingly important one to insurers and consumers...
Optional federal charter is needed
Jul 24 2006 // Editor’s note: The following excerpt is edited from an oral statement made by Joseph J. Beneducci, president of Fireman’s Fund at the Senate Banking, Housing and Urban Affairs Committee’s July 11 hearing...
