Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
Fla. Legislative Committees Preparing for 2005 Session
Jan 12 2005 // An overview of property and casualty issues, homeowners, commercial property, PIP, medical malpractice and workers’ compensation have been presented to Florida legislative committees by Gary Guzzo, Florida Insurance...
Wausau Streamlines Property, GL for Restaurants and Hospitality Businesses
Jan 10 2005 // Wisconsin-based property/casualty carrier Wausau Insurance has rolled out the latest in a series of Wausau Express package policies for property and general liability, with the newest versions designed to streamline...
N.Y. Property Plan Matches Electrical Safety Funds
Jan 6 2005 // The New York Property Insurance Underwriting Association (NYPIUA) will assist their policyholders reduce electrical hazards in 2005 through a matching funds program. According to officials, the program, which commenced in...
Shakeup in ACE U.S.A. Management – Rivera Resigns; Dowd New CEO; Lupica, Crosby Named to Key Posts
Jan 6 2005 // ACE Limited announced from its Bermuda headquarters a $298 million reserve strengthening (See related article in “International” section) and some major management changes in its U.S. operations. Brian E. Dowd,...
Citizens Property Reduces Fla. Complaints, Improves Customer Service
Jan 5 2005 // Citizens Property Insurance Corporation has closed more than 81 percent of outstanding residential claims and taken strides to reduce consumer complaints, Citizens officials announced today. The improvements come in...
Conning Says P/C Reserve Position Grows in 2003
Jan 4 2005 // Reserve deficiencies, which have plagued property/casualty insurers in recent years, improved dramatically in 2003, according to a new study by Conning Research & Consulting. The Conning Research study,...
The Perils of Property
Jan 3 2005 // The Institute for Business and Home Safety (IBHS) provides information to businesses on how to mitigate commercial property damage losses in any part of the country. The Web site (www.ibhs.org) includes a map displaying...
Commercial Property Market Survives Extraordinary and Ordinary Catastrophes
Jan 3 2005 // The commercial property market took a huge hit from four major hurricanes that struck the U.S. mainland this past year. The full effects may have yet to be felt, however, it looks like commercial property insurers came...
Partnership to Improve Hurricane Preparedness
Jan 3 2005 // Floridians will long remember 2004 as the year of the hurricane. The Atlantic region had 15 named storms, nine of them hurricanes. Of those, four hit Florida in the span of six weeks. Recently, hurricane forecaster William...
2003-2004 California Year-End Legislative Repo
Jan 3 2005 // A summary of the most important legislation affecting the industry in the New Year The historic recall of Gray Davis and election of Arnold Schwarzenegger as governor of California set the tone for the 2004 legislative...
2005 P/C industry in a word: Resilience
Jan 2 2005 // 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...
Industry Sees First 9-Month Net Gain on Underwriting in Nearly Two Decades
Dec 20 2004 // Benefiting from profits on underwriting, the U.S. property/casualty insurance industry’s net income after taxes rose 28.3 percent to $26.7 billion in the first nine months of 2004 from $20.8 billion in the first nine...
Fla.’s Citizens Property Insurance Wins ‘Deal of the Year’ Award for Bond Sales
Dec 15 2004 // Citizens Property Insurance Corp. of Florida (CPIC) has been awarded the 2004 “Deal of the Year” Award by the editors of The Bond Buyer, Thomson Media’s daily newspaper of municipal finance. CPIC was...
Multiple Deductibles Among Key Issues Being Discussed By Florida Legislators
Dec 13 2004 // Major insurance issues are on this week’s Florida Legislature agenda in Tallahassee. In long-awaited special sessions, which begin today, even if legislators stick to key issues, it remains to be seen how much they...
Citizens Property Crunching Numbers to Pay Fla. Policyholders Following Storms
Dec 8 2004 // Citizens Property Insurance Corporation (Citizens), Florida’s state-run insurer of last resort, could face a shortfall in available funds to pay off insurance claims and might have to assess an $86 per policy to...
Terrorism Insurance
Dec 6 2004 // Nuts & Bolts: The AIG Companies launched LexHomeland Protector, a comprehensive terrorism insurance portfolio designed to help protect businesses against terrorism risks, including losses arising from biological and...
Florida Property Program
Dec 6 2004 // Nuts & Bolts: Hull & Co. has a new Florida property program for commercial risks including and excluding wind. The program is designed for risks up to $5 million in value for all classes of business, occupancies...
Terrorism Insurance
Dec 6 2004 // Nuts & Bolts: The AIG Companies launched LexHomeland Protector, a comprehensive terrorism insurance portfolio to help protect businesses against terrorism risks, including losses from biological and chemical attacks....
Study: Half of Compensation to 9/11 Victims Came from Insurance
Dec 6 2004 // Rand Analysis Seen Boosting Argument for Extension of Federal Terrorism Backstop Insurance companies played the largest role in compensating people and businesses hurt by the Sept. 11 attacks, paying slightly more than...
Terrorism Insurance
Dec 6 2004 // Nuts & Bolts: The AIG Companies launched LexHomeland Protector, a comprehensive terrorism insurance portfolio designed to help protect businesses against terrorism risks, including losses arising from biological and...
