Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
A.M. Best: Study Sees Improvement in Canadian Commercial Property Industry
Jul 12 2004 // Commercial property writers in Canada saw better underwriting results for the second consecutive year in 2003, as the line’s net loss ratio decreased about 12.3 points to 49.5 from 61.8 in 2002, according to a study...
ISO: Insurers to Pay Policyholders $1.65 Billion for Q2 CAT Claims
Jul 8 2004 // U.S. property/casualty insurers are expected to pay homeowners and businesses an estimated $1.65 billion for insured property-loss claims from six catastrophes affecting 23 states in the second quarter, according to...
Fla. Returns Record Amount of Unclaimed Property
Jul 7 2004 // The Department of Financial Services continues to return record amounts of unclaimed property to the rightful owners, according to Florida’s Chief Financial Officer Tom Gallagher. Gallagher announced that during the...
At NAMIC, The Door’s Wide Open to Companies of All Sizes
Jul 5 2004 // Chairman Tim Hegarty Explains How His Trade Group Serves Big and Small Alike What happens when you put giants like State Farm, AIG, Nationwide and Liberty Mutual in a room with tiny farm mutuals like Husbandsmans Mutual,...
Another Soft Market Creates a Hard Reality
Jul 5 2004 // Like a commercial airline scrambling to squeeze out a profit in the face of increased competition and skyrocketing fuel prices, many insurance agents find themselves caught in the downward spiral of another soft market...
Best’s P/C Center Adds Access to Financial Statements
Jul 2 2004 // A.M. Best has introduced its new Property/Casualty Center – Premium Data & Reports, an online product that provides access to select pages of companies’ annual statement data and more by bringing together...
P/C Industry’s Q1 Net Income Doubles
Jun 29 2004 // The U.S. property/casualty industry’s net income after taxes rose to $13.3 billion in first-quarter 2004 from $6.5 billion in first-quarter 2003 as insurers posted an underwriting profit for only the second time...
XL Launches Commercial Property Insurance Initiative
Jun 28 2004 // XL Capital Ltd. announced that its insurance operations will provide commercial property insurance capacity of up to $500 million, allowing it to underwrite entire global property programs on a selective basis. XL’s...
Zurich Global Energy Appoints Two Senior Executives
Jun 23 2004 // Zurich Financial Services announced the promotion of Martin Clark to head of its Global Energy Unit in London and Nick Hodges to the position of international energy property director in its Zurich Global Energy(R)...
Striving for Balance in Louisiana as Reform Efforts Continue
Jun 9 2004 // Insurance and tort reform measures passed by the Louisiana Legislature in 2003, along with efforts by the insurance department and two major insurance agents’ associations to get the word out about the state’s...
ISO’s Coyne: Survival May Be Greatest Challenge for Many P/C Insurers
Jun 8 2004 // With all signs pointing to increasing competition in U.S. property/casualty markets, the most important challenge many insurers face may be survival itself, an industry leader said Tuesday. In remarks at the 76th Annual...
Summer Means Wild Weather in Some Western States
Jun 7 2004 // Summer is here and with it comes unstable weather conditions that can cause problems for consumers and agents alike in some parts of the United States. As if ushering in the season, insurers and insurance organizations are...
Could the California Wildfires Have Been Predicted’
Jun 7 2004 // Lessons for Agents and Insurers In late October 2003, major wildfires broke out in five southern California counties, burning more than 750,000 acres, or an area the size of Rhode Island. These devastating fires burned for...
The Broker–The Policyholder’s Advocate
Jun 7 2004 // Some large brokerage firms are under siege by New York Attorney General Eliott Spitzer as his investigation scrutinizes the legality of the longstanding practice of Placement Service Agreements (PSAs). This is really about...
Arch Names Finelli Sr. VP – Global Property
Jun 4 2004 // Arch Insurance Group, a division of Arch Capital Group Ltd., announced that Bob Finelli has been named senior vice president for their Global Property division, effective May 24. His responsibilities include overseeing the...
Maine Hopes Resource List Will Aid Homeowners
Jun 1 2004 // Maine Superintendent of Insurance Alessandro A. Iuppa has announced a new resource to assist property owners who have had difficulty obtaining insurance for specific types of residential property insurance risks. “It...
HomeInfoMax Adds New Features to Web site
May 28 2004 // HomeInfoMax, an online real property and ownership information provider has added several new features to its Web site. The recently restructured and redesigned interface now offers several new tools and features intended...
Stewart Title to manage P&C operation with Nexsure from XDimensional Technologies
May 26 2004 // With more than 7,400 issuing locations nationwide, you’d think a product line extension would be a simple process. But that wasn’t the case when Stewart Information Services Corporation decided to add Property...
Insurers Urge Senate Panel to Extend TRIA
May 18 2004 // Congress should act this year to extend the Terrorism Risk Insurance Act (TRIA) for two years beyond its Dec. 31, 2005, expiration date because the private market alone cannot deal with further catastrophic terrorist...
PCI White Paper: Insurer Profitability Must Be Viewed Over Long Term
May 17 2004 // A white paper published by the Property Casualty Insurers Association of America (PCI) shows that insurance industry profitability must be evaluated over the long term and that loss costs, not investment return, are the...
