Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
Chubb Develops Next Generation Coverage for Life Sciences Companies
Sep 27 2004 // The Chubb Group of Insurance Companies announced that it has launched a portfolio of policies to help protect life sciences companies from property and casualty exposures faced by the industry. “Chubb’s...
Insurers to Pay an Estimated $4.4 Billion for Claims From Hurricane Frances
Sep 23 2004 // Homeowners and businesses are expected to file claims totaling an estimated $4.4 billion for insured property losses from Hurricane Frances, according to a preliminary estimate by ISO’s (www.iso.com) Property Claim...
Endurance Names Patschak New Head of Property Catastrophe Reinsurance Business
Sep 22 2004 // Bermuda-based Endurance Specialty Holdings Ltd. announced that Susan J. Patschak has joined Endurance Specialty Insurance, Ltd. as the head of its Property Catastrophe Reinsurance business unit. She joins Endurance with...
Safeway Property Downgraded
Sep 20 2004 // A.M. Best Co. downgraded the financial strength rating to “B” (fair) from “B++” (very good) of Safeway Property Ins. Co., based in Gainesville, Fla. The outlook is negative. The downgrade recognizes...
Surplus Line Carriers
Sep 20 2004 // First Responders Once upon a time, the excess and surplus line market was the safety valve of the insurance industry—the more lightly regulated, more financially shaky little brother to the admitted market. It was said...
Heath Names Kaspar as Property Broker
Sep 20 2004 // Specialty-lines brokerage Heath Insurance Brokers announced that Chris Kaspar has joined its Chicago office as an assistant vice president and property broker. He comes to Heath after spending eight years working in the...
Commercial Property
Sep 20 2004 // Nuts & Bolts: AXIS U.S. Insurance’s excess and surplus property unit is now offering property insurance coverage for U.S.-based lumber, wood products and furniture risks. The underwriting of this specialized...
Best Downgrades AXA Re Property/Casualty
Sep 17 2004 // A.M. Best Co. has downgraded the financial strength rating to “B++” (Very Good) from “A-” (Excellent) of AXA Re Property and Casualty Insurance Company (New York, N.Y.). The rating outlook remains...
Max Re Establishes Property Underwriting Capability
Sep 16 2004 // Bermuda-based Max Re Capital Ltd. announced that its subsidiary, Max Re Ltd., has increased its product offerings by the formation of a dedicated property division. The department will provide insurance and reinsurance...
S&P: Challenges to Property Catastrophe Reinsurers
Sep 16 2004 // Standard & Poor’s Ratings Services has published a review of the property catastrophe reinsurance industry, titled “Is Property Catastrophe Reinsurance a Commodity,” examining its commodity-like...
Disaster Assistance Option for Insured Property Owners Following Hurricanes
Sep 13 2004 // People who have applied for assistance for hurricanes Charley or Frances may still be able to get help even if they got a letter from the Federal Emergency Management Agency (FEMA) telling them they are not eligible at...
N.C. Receives Federal Aid Programs
Sep 11 2004 // North Carolina is receiving federal aid programs to help in the aftermath of Tropical Storm Frances. The following is a summary of key federal disaster aid programs that can be made available as needed and warranted under...
A.M. Best Moves Rating for Safeway Property Insurance Co. Under Review
Sep 8 2004 // A.M. Best Co. has placed the financial strength rating of B (Fair) of Florida-based Safeway Property Insurance Company under review with negative implications. This rating action is being taken as a result of the decline...
Three Years Later: Industry Rebuilds from 9/11, But Doesn’t Forget
Sep 6 2004 // Robert Hartwig, senior vice president and chief economist for the Insurance Information Institute (I.I.I.), knows that while Tuesday, Sept. 11, 2001, will never be forgotten both inside and outside the insurance industry,...
Commercial Property
Sep 6 2004 // Nuts & Bolts: AXIS U.S. Insurance’s excess and surplus property unit is now offering property insurance coverage for U.S.-based lumber, wood products and furniture risks. The underwriting of this specialized...
Charley Causes a Path of Destruction in Florida, Carolinas
Sep 6 2004 // Lessons from Andrew Taught Industry to “Be Prepared” Lessons learned from the most costly natural disaster in U.S. history more than prepared the insurance industry for the destruction left by Hurricane...
Commercial Property
Sep 6 2004 // Nuts & Bolts: AXIS U.S. Insurance’s excess and surplus property unit is now offering property insurance coverage for U.S.-based lumber, wood products and furniture risks. Covered risks include logging...
Protecting People First Foundation to Study Impact Resistant Glass in Florida
Sep 1 2004 // The Protecting People First Foundation announced it is returning to Southwest Florida to continue an on-site study to document the contribution of impact resistant glass, safety film, hurricane shutters and other...
PCI: Fla. Businesses Hit Hard by Charley
Aug 26 2004 // Florida businesses appear to have suffered a significant portion of the overall damage from Hurricane Charley, according to the Property Casualty Insurers Association of America (PCI). Wednesday’s estimate by the...
ISO: Insurers to Pay Estimated $6.8 Billion on Charley
Aug 25 2004 // U.S. property/casualty insurers are expected to pay homeowners and businesses an estimated $6.8 billion for insured property losses from Hurricane Charley, according to preliminary estimates by ISO’s Property Claim...
