Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
AIG Higher Education Risk Solutions Unveiled to Meet College and University Risks
Mar 4 2004 // American International Group Inc. (AIG), announced the formation of AIG Higher Education Risk Solutions, a division of the property and casualty insurance subsidiaries of AIG, to address the growing risks faced by colleges...
New Swiss Re Sigma Study Reviews 2003 CAT Losses
Mar 3 2004 // Natural and man-made catastrophes caused the deaths of more than 60,000 people worldwide last year, according to Swiss Re’s latest sigma report. Over two thirds of these were the victims of earthquakes. Overall...
New Jersey Broker Acquired By American Wholesale Insurance Group
Mar 2 2004 // American Wholesale Insurance Group, a large independent wholesale insurance broker, has acquired New Jersey-based Property Risk Services, LLC. (PRS), a property wholesale brokerage group. “The addition of PRS...
Brown & Riding Adds Two New Members to Property Division
Mar 2 2004 // Los Angeles, Calif.-based Brown & Riding Insurance Services recently added two new members to its property division. Ronda Whaley will serve as a property broker. She has over 20 years of experience in commercial...
Korn Joins Lockton Insurance Brokers
Feb 26 2004 // Lockton Insurance Brokers, the nation’s largest independently owned insurance broker, has named Michael Korn, Senior Vice President and Global Property practice leader. He will be based in Lockton’s recently...
Ark. Outlines Expectations for Renewals, Cancellations and Underwriting
Feb 24 2004 // On February 20, 2004, the Arkansas Insurance Department issued the following directive on cancellations, nonrenewals and discriminatory underwriting practices for property and casualty insurance: The Department recognizes...
Unreimbursed Property/Casualty Losses Often Overlooked Tax Deduction Says III
Feb 24 2004 // With less than two months left until tax day, taxpayers are sifting through their files to assess last year’s gains and losses. An often-overlooked deduction is unreimbursed property and casualty losses, according to...
Q4 PROPERTY PREMIUMS DROPPED 9%:
Feb 23 2004 // Commercial insurance buyers say the cost of property insurance fell 8.8 percent in the fourth quarter of 2003, marking the first decline in premium prices in any major line of commercial insurance in nearly four years,...
FLORIDA’S UNCLAIMED PROPERTY PROGRAM NEARS $1 BILLION IN HOLDINGS FOR RESIDENTS:
Feb 23 2004 // At a bimonthly meeting with the governor and other state Cabinet members, Florida Chief Financial Officer Tom Gallagher announced that the Department of Financial Services’ Bureau of Unclaimed Property is holding...
RIMS: Commercial Rates Going Down; Benfield: Reinsurance Rates Holding
Feb 23 2004 // As Abbott and Costello famously observed, “Who’s on First?” A new report from independent insurance intermediary Benfield concludes that despite “ample capacity and signs of resurgent competition,...
RIMS: Commercial Rates Going Down; Benfield: Reinsurance Rates Holding
Feb 23 2004 // As Abbott and Costello famously observed, “Who’s on First?” A new report from independent insurance intermediary Benfield concludes that despite “ample capacity and signs of resurgent competition,...
New Calif. Law Brings Millions to the Unclaimed Property Program
Feb 20 2004 // California State Controller Steve Westly announced the Controller’s Office collected $67 million in unclaimed insurance company stock and cash proceeds belonging to countless Californians. Beginning immediately,...
Infinity Property and Casualty Corp. Notes Closing of $200 Million Senior Notes Offering
Feb 19 2004 // Alabama-based Infinity Property and Casualty Corporation, a provider of personal automobile insurance with an emphasis on non-standard auto insurance, has closed the previously announced offering of $200 million Senior...
Infinity Property and Casualty Corp. Releases Q4 Results
Feb 10 2004 // Alabama-based Infinity Property and Casualty Corporation, a provider of personal automobile insurance with an emphasis on nonstandard auto insurance, reported net earnings for the fourth quarter of $19.5 million or $0.94...
RIMS: Commercial Rates Going Down; Benfield: Reinsurance Rates Holding
Feb 9 2004 // As Abbott and Costello famously observed, “Who’s on First?” A new report from independent insurance intermediary Benfield concludes that despite “ample capacity and signs of resurgent competition,...
Is it the End for the Innocent Spouse’
Feb 9 2004 // Since 1986, Texas has recognized an innocent insured exception to otherwise non-covered claims. The innocent insured doctrine usually involves arson or other intentional destruction of property by one insured and a claim...
RIMS: Commercial Rates Going Down; Benfield: Reinsurance Rates Holding
Feb 9 2004 // As Abbott and Costello famously observed, “Who’s on First?” A new report from independent insurance intermediary Benfield concludes that despite “ample capacity and signs of resurgent competition,...
Three Years Later, Industry Puts Toxic Mold into Perspective
Feb 9 2004 // Whatever became of mold? Only three years ago, newspaper headlines, fueled by overzealous trial attorneys and misguided scientific information, trumpeted mold as “the next asbestos.” Since then, however, mold...
Tim Rose New President of Liberty Mutual Property; Advisory Council Formed
Feb 2 2004 // Boston-based Liberty Mutual Group announced that it has appointed Tim Rose as the new president of Liberty Mutual Property, replacing Doug Nelson who advanced to executive vice president of the company’s Business...
Poe Financial Group Announces New President and CEO
Feb 2 2004 // Poe Financial Group announced the promotion of their Executive Vice President, James E. Wurdeman, to President and Chief Executive Officer. William F. Poe, Sr., the current CEO, will remain Chairman of the Florida-based...
