Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
NAMIC: Fla. Legislature Adjourns, Session Productive for Property/Casualty Legislation
May 4 2004 // Florida’s just-ended legislative session “proved to be very productive,” an official with the National Association of Mutual Insurance Companies (NAMIC) said. Florida lawmakers enacted several key...
Property Package for Mercantile/Offices
May 3 2004 // Nuts & Bolts: Cascade/Amstar is offering a new property market for mercantile/offices in buildings up to 60 years old and older buildings 45 to 60 years old. Dollars: Policy limits: Total insured value $250,000;...
Allmerica Reports Improved P&C Earnings for Q1
Apr 28 2004 // Allmerica Financial Corporation (NYSE: AFC) in Worcester, Mass. reported net income for the first quarter of $12.1 million, or $0.23 per share, compared to net income of $37.1 million, or $0.70 per share in the first...
Canadian Firm to Acquire Marshall & Swift/Boeckh
Apr 27 2004 // MacDonald, Dettwiler and Associates Ltd. (TSX: MDA) in British Columbia announced a major expansion of its information products business in the U.S. The company has entered into an agreement to acquire privately held...
Gov. Bush Inks Premium Tax Database Legislation
Apr 27 2004 // Florida Gov. Jeb Bush on Tuesday signed into law a bill creating an electronic database for insurers to use in allocating insurance property and casualty premium taxes. “H.B. 251 is a major step forward in...
NAMIC Cheers Property Lien Bill’s Passage
Apr 23 2004 // On behalf of its 98 member companies domiciled in Ohio, the National Association of Mutual Insurance Cos. (NAMIC) commends Ohio Gov. Bob Taft for signing HB 301 into law. The bill addresses concerns regarding the ability...
Study Shows Commercial Property, GL Rates Falling
Apr 21 2004 // The costs for two major commercial lines insurance fell in the first quarter of 2004, according to a RIMS Benchmark Survey. In the first quarter of 2004, premium prices for property insurance fell by about 1.5 percent....
AIR Launches Catastrophe Risk Engineering Services
Apr 20 2004 // AIR Worldwide Corporation announced the launch of Catastrophe Risk Engineering, described as “a new consultative service that analyzes high value or strategically significant properties to estimate potential human,...
Aon Reports US Commercial Property Rates Drop 10%
Apr 20 2004 // A study by Aon, released to coincide with the RIMS conference in San Diego, has determined that an average reduction of around 10 percent has occurred in U.S. Commercial property rates. Willis and the CIAB also issued...
Springtime Means Rain, Hail and Tornadoes in South Central States
Apr 19 2004 // Spring is here and with it comes unstable weather conditions that can cause problems for consumers and agents alike in the South Central region of the United States. As if ushering in the season, insurers and insurance...
Calif. AGO’s Report Shows Jump in Auto Theft
Apr 16 2004 // While violent crimes showed a decrease, California Attorney General Bill Lockyer announced that preliminary statistics show property crimes rose 2.8 percent in the state’s most populous cities and counties in...
P/C Net Income Propels Surplus
Apr 14 2004 // The property/casualty insurance industry’s net income after taxes rose to $29.9 billion in 2003 — nearly 10 times the industry’s $3 billion in net income in 2002. Benefiting from both the $29.9 billion in net...
St. Paul Travelers Unveils Enhanced Commercial Property, General Liability Product for Companies Doing Foreign Business
Apr 13 2004 // St. Paul Travelers has introduced an enhanced version of Global Companion, an international commercial property and general liability product designed to help protect U.S.-based companies from the risks associated with...
Maine High Court Upholds Insurer for Non-Renewing Homeowners Policies Over Day Care in Home
Apr 12 2004 // The Maine Supreme Court has upheld the right of an insurer not to renew a homeowners policy for insureds operating at-home day care centers, even though the operators had a separate commercial policies for their...
Arkansas Department Explains Fire Loss Reporting
Apr 9 2004 // The Arkansas Insurance Department issued a bulletin explaining compliance requirements of all property insurers licensed to do business in the state with Act 1345 of 2003, also known as the “Fire Loss Reporting Act...
Dateline NBC to Air Unclaimed Property Segment; Fla. Department Holds Some $977 Million in Property
Apr 9 2004 // According to the National Association of Unclaimed Property Administrators, a 15-minute segment related to unclaimed property programs nationwide will air on the April 9 edition of Dateline NBC. Florida’s Department...
Up for Sale: Success in Today’s Homeowners Market
Apr 5 2004 // States show signs of stability, but problem areas remain Despite continuing availability issues and sky-high loss ratios, the U.S. homeowners market is stabilizing as a whole. Of course, most industry observers who make...
Property, Liability Cover for Overseas Operations
Apr 5 2004 // Nuts & Bolts: The St. Paul Cos. introduced an enhanced version of Global Companion, an international commercial property and general liability product designed to help protect U.S.-based companies from the risks...
Agents and Homebuyers Need the Right Clues to Make Smart Decisions
Apr 5 2004 // One of the most contentious issues surrounding homeowners insurance this year is insurer use of prior loss history databases. Although spurned in the press as the “new database used to cancel policies” or the...
Commercial Property, Liability, Crime
Apr 5 2004 // Nuts & Bolts: The Chubb Group of Insurance Companies has updated its Customarq Classic property policy. Chubb’s Customarq Classic offers U.S. and Canadian commercial customers a choice of monoline property...
