Latest Property Headlines

Midwest Surplus Lines: A Market Unto Itself

Sep 5 2005 // Gone are the days when the Midwest’s surplus lines market saw all sorts of business, from high-liability risks to garden variety commercial property coverage. For the region’s surplus lines business, the...

Insurers Post Special Toll-Free Numbers to Help Katrina Victims

Sep 5 2005 // At press time, forecasters were predicting insured losses from Hurricane Katrina-which made landfall 45 miles west of Biloxi, Miss., and 35 miles east of New Orleans on Aug. 29-would be in the $10 billion to $30 billion...

Sep 5 2005 // Linda Slaughter has been promoted from senior vice president of claims to COO at Concord, Calif.-based Athens Administrators, part of the Jenkins Athens Group. Slaughter joined Athens in its founding days and has been with...

IJ Exclusive: Shand Morahan’s ‘How to Write’ Professional Liability

Sep 5 2005 // In the ongoing “How to Write” broadcast series from the Insurance Journal studios in San Diego, Calif., Carol Murphy and Mary Sanders of Shand Morahan & Co. discussed errors and omissions insurance,...

The Industry Goes to School: More Universities that Offer Insurance Degrees

Sep 5 2005 // In the second of a series of articles, Insurance Journal profiles five universities that offer undergraduate and graduate degrees in insurance. More universities will be profiled in future editions of Insurance...

Valuations: Educating Your Client on True Replacement Cost

Sep 5 2005 // There are two calls that an agent or broker might receive that should raise concerns; the first is a call from the IRS audit department and the other is from an insured who says, “I just had a fire.” The reason...

Sep 5 2005 // Barbara Zimmerman has joined IBA West as membership benefits vice president. She will be responsible for the research, development and management of IBA West Service Corporation programs and management of Membership...

Number of Federal Tort Trials Plummeted 80%, Justice Department Reports

Sep 5 2005 // The number of tort trials concluded in U.S. district courts declined by nearly 80 percent, falling from 3,600 in 1985 to fewer than 800 in 2003, according to a new report released by the Department of Justice Bureau of...

Number of Federal Tort Trials Plummeted 80%, Justice Department Reports

Sep 5 2005 // The number of tort trials concluded in U.S. district courts declined by nearly 80 percent, falling from 3,600 in 1985 to fewer than 800 in 2003, according to a new report released by the Department of Justice Bureau of...

Regulators Say Industry Prepared for Katrina’s Cost

Sep 2 2005 // The National Association of Insurance Commissioners (NAIC) says that while the damages from Hurricane Katrina may set record losses, the property and casualty industry maintains the adequate capital and liquidity required...

Property Claim Services and I.I.I. Rank Fire Losses

Sep 1 2005 // The Property Claim Services of ISO and the Insurance Information Institute (I.I.I.) have ranked the nation’s five most expensive wildland fires in insured losses. As reported in AP, the most expensive fires from 1970...

PCI Stresses Patience as Help Flows to Katrina Victims

Sep 1 2005 // Now in the third day after the country’s most catastrophic natural disaster property owners and residents are still trying to come to terms with the extent of the devastation caused by Hurricane Katrina. The Property...

Nationwide Mutual Insurance Company Will Limit Fla. Property Exposure

Aug 31 2005 // The Nationwide Mutual Insurance Company announced today that it will reduce its property exposure in Florida. “As we continue to analyze our business strategy, it has become increasingly apparent that we are not...

Insurers Post Special Toll-Free Numbers to Help Katrina Victims as Storm Moves North

Aug 29 2005 // Policyholders with questions regarding their coverage for damage caused by Hurricane Katrina should contact their insurance agent or company representative. To assist consumers, special toll-free numbers have been set up...

MHBT Welcomes New VPs

Aug 26 2005 // Dallas-based McQueary Henry Bowles Troy L.L.P. (MHBT), one of the largest privately owned insurance brokerages in the nation, announced the recent appointments of Carla Paschal and Ann Forkner as vice presidents of...

Allied World Announces Three Management Changes

Aug 25 2005 // Allied World Assurance Company, Ltd. [AWAC] has announced the following management changes: — Daniel Brandon has been promoted to the position of senior vice president, Professional-Specialty Lines Treaty...

General Casualty Expands Commercial Offerings, Welcomes Larger Properties

Aug 24 2005 // General Casualty Insurance Companies recently introduced enhanced commercial coverages and capacity and became a market for additional manufacturing lines of business. The Sun Prairie, Wisconsin-based property and casualty...

Claims History Model Act Now in Hands of State Legislators

Aug 22 2005 // NCOIL Model Addresses Use of Claims, Inquiries in Underwriting Homeowners Consumers who initiate a homeowners insurance claim but never receive payment could find that single incident may be used by their insurer to cancel...

People

Aug 22 2005 // The National Association of Government Labor Officials (NAGLO) during its 2005 summer conference elected Minnesota Department of Labor and Industry Commissioner Scott Brener president. With members from more than 30 U.S....

Latin Agents Tackle Wind Damage Issues; Explain Confusing Condo Statutes

Aug 22 2005 // Like a hurricane rolling in from the Atlantic, a panel on hurricane insurance claims, moderated by Rudy Valdez-Diaz, a past-president of the Latin American Association of Insurance Agents, went into high-gear during the...