Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
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...
When Comparing Apples-To-Apples Whom Should You Trust’
May 17 2004 // Hard markets have a way of making insurance company financial strength ratings a hot topic of discussion, and not just among insurance agents and brokers. Professional risk managers and other insurance buyers, consumer...
S&P Report: Property Catastrophe Reinsurance Shows Good Year, Despite Higher Losses
May 13 2004 // Despite higher insured catastrophe losses in the U.S. in 2003, companies writing property catastrophe reinsurance realized very strong operating performance, according to a report published by Standard & Poor’s...
S&P Affirms Montpelier Re Ratings; Outlook Stable
May 12 2004 // Standard & Poor’s Ratings Services announced that it has affirmed its “A-” counterparty credit and financial strength ratings on Montpelier Reinsurance Ltd. and its ‘BBB’ counterparty...
RMS, Marshall & Swift/Boeckh Form Partnership to Enhance Property Valuation for Risk Analysis
May 6 2004 // Newark Calif.-based Risk Management Solutions (RMS), a leading provider of products and services for the management of catastrophe risk, and Marshall & Swift/Boeckh (MS/B), leaders in building cost solutions to the...
OneBeacon Joins E&S Property Market
May 6 2004 // OneBeacon Insurance Group LLC, a wholly owned subsidiary of White Mountains Insurance Group Ltd. announced its entry into the excess and surplus lines property business through its new OneBeacon Specialty Property...
IIABA Study Warns on “Electrical Hazards”
May 5 2004 // A survey commissioned by the Independent Insurance Agents & Brokers of America found that out of more than 75 million American homeowners, one out of four never checks for electrical hazards and thus is vulnerable to...
Chubb Introduces an Intellectual Property, Privacy and Communications Liability Risk Management Handbook
May 5 2004 // Chubb has published a new Intellectual Property, Privacy and Communications Risk Management Handbook, “designed to assist companies of any size in evaluating and managing their risk, focusing on copyrighted content,...
N.Y. Again Faces Renewal of FAIR Plan
May 5 2004 // The Professional Insurance Agents of New York State Inc. is asking lawmakers in Albany to reauthorize the New York Property Insurance Underwriting Association, which offers tens of thousands of New Yorkers access to home...
