Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
The industry goes to school
Jan 1 2006 // In this second installment in a series, Insurance Journal profiled five universities that offer undergraduate and graduate degrees in insurance. More universities will be featured in future editions. Baylor...
People
Jan 1 2006 // Crump Insurance Services of Texas Inc. appointed three new members to the Dallas property/casualty brokerage team: Brent Jenkins, Stephanie Murillo and Matt Sheehan. Additionally, Elizabeth Wafer has joined the P/C team at...
2005 P/C industry in a word: Resilience
Jan 1 2006 // The property/casualty insurance industry reported a statutory rate of return on average surplus of 9.5 percent through the first nine months of 2005, marginally below the 10.5 percent average return recorded during...
Mississippi Coast faces the storm after the storms: wind or water damage?
Jan 1 2006 // The wind came first. It pried off boards and shot debris into windows at Ron Peresich’s home on Biloxi’s (Mississippi) Back Bay. It tore off rooftops and buckled walls in Bud Ray’s Long Beach...
Bliss and Glennon Adds Large Property Department; Morgan Heads Office
Dec 28 2005 // Redondo Beach, Calif.-based Bliss and Glennon Inc., a managing general agent and surplus lines broker, has launched a large property department to be headed by Tony Morgan. Morgan has more than 15 years experience in...
Insurers’ Income, Surplus Rise Despite Record Catastrophe Losses
Dec 28 2005 // The U.S. property/casualty insurance industry’s net income after taxes rose 4.4 percent, or $1.2 billion, to $28.8 billion in nine-months 2005 from $27.6 billion in nine-months 2004. Reflecting the industry’s...
Miss. Coastal Property Owners Get Tax Break on Katrina Damage
Dec 27 2005 // Many property owners on the Mississippi coast will get a tax break in 2005. Harrison and Jackson counties will offer a one-third reduction in assessed value on damaged or destroyed buildings, minus what is recovered from...
Max Re Announces New Appointments in Property Treaty Reinsurance
Dec 22 2005 // Bermuda-based Max Re Capital Ltd. announced four new appointments in its P/C Reinsurance Division. James Henry Winn has joined the team as Senior VP and North American Treaty Underwriter. He has over 15 years property...
Bowman Named COO of Crawford’s Global Property and Casualty Services
Dec 21 2005 // Jeffrey T. Bowman, president of Crawford & Co’s International Operations, has been named chief operating officer of the firm’s Global Property and Casualty Services, effective Jan. 1. This newly created...
GMAC RE Establishes New Excess & Surplus Lines Unit
Dec 20 2005 // GMAC Insurance Group announces the formation of a new operating unit, Strategic Risk Specialists. The new unit will commence operations on Jan. 1, 2006, and will specialize in excess and surplus lines property business,...
Hurricane Katrina Leads to Large Number of Claims, Frustration
Dec 19 2005 // While Hurricane Katrina spent only a couple of days menacing the Gulf Coast, the trail of destruction in both lives and properties lingers on months later. As places like New Orleans, Mississippi and other surrounding...
The Industry Goes to School: Universities that Offer Insurance Degrees
Dec 18 2005 // Twenty years ago, it was nearly impossible to find colleges and universities offering degrees in insurance. Now there are many programs across the nation that offer bachelor’s degrees, concentrations, certifications,...
News Briefs
Dec 18 2005 // FLORIDA State Farm of Florida 8.6 Percent Rate Request Approved The Florida Department of Insurance approved an average statewide premium rate hike of 8.6 percent for State Farm of Florida, the largest insurer of homes in...
Fitch Comments on New Reinsurers
Dec 15 2005 // Fitch ratings has issued a statement analyzing the prospects for the new reinsurance companies, established in the wake of Hurricane Katrina. The rush to set up what Fitch calls the “Class of 2005” resembles...
California Catastrophe Coalition Formed
Dec 13 2005 // James Lee Witt, former FEMA Director and co-chair of ProtectingAmerica.org, and Admiral James M. Loy, former Deputy Secretary of the U.S. Department of Homeland Security, have announced the formation of...
Crump Makes Additions to P/C Teams in Dallas, Houston
Dec 12 2005 // Crump Insurance Services of Texas Inc. appointed three new members to the Dallas property/casualty brokerage team: Brent Jenkins, Stephanie Murillo and Matt Sheehan. Additionally, Crump Insurance Services of Houston Inc....
Lawson-Hawks Acquires Healthcare Property/Casualty Group
Dec 7 2005 // Lawson-Hawks Insurance Associates Inc., a regional independent insurance broker based in Mountain View, Calif., has announced the acquisition of the El Dorado Hills, Calif.-based Healthcare Property/Casualty Group...
FEMA Urges Floridians to Buy Flood Insurance; Floods #1 on List of U.S. Natural Disasters
Dec 6 2005 // The Federal Emergency Management Agency has issued a plea urging all Florida residents that own property designated by the National Flood Insurance Program as being in a high-risk flood area they need to obtain flood...
Structural Engineer Puts Forth ‘New Orleans Property Owner’s Bill Of Rights’
Dec 5 2005 // Structural engineer Paul Durand recently released the following “New Orleans Property Owner’s Bill of Rights,” which offers consumers tips on getting compensated for property claims in the wake of...
Smaller and Regional Programs: Proven Exercises
Dec 5 2005 // Here are a few smaller and regional programs that are meeting specific needs Pumped for profit Robin C. Brennan knows fuel dealers. She’s been handling their insurance needs since 1998. Brennan is a vice president...
