Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
9 Programs That May Just Fit the Bill
Dec 1 2003 // The December 2002 Insurance Journal “program directory” issue highlighted eight programs that the editorial staff considered to be unique, interesting or tough to find. This year we’ve added one more to...
9 Programs That May Just Fit the Bill
Dec 1 2003 // The December 2002 Insurance Journal “program directory” issue highlighted eight programs that the editorial staff considered to be unique, interesting or tough to find. This year we’ve added one more to...
Property Monoline/Package
Dec 1 2003 // Nuts & Bolts: Trinity E&S Insurance Services Inc. is offering a market for package/monoline property. Dollars: Policy limits of $1,000/$2,000/ $1,000. Deductibles vary and minimum premiums of $400. Carrier: Rated...
Federal Terrorism Insurance Issues Examined at CAS Annual Meeting
Nov 26 2003 // Actuaries reportedly face difficult challenges in accurately pricing commercial property insurance coverage under the Terrorism Risk Insurance Act of 2002 (TRIA), the temporary federal financial backstop for insuring...
Infinity Property & Casualty Corp. to Relocate Corporate Headquarters
Nov 24 2003 // Colonial Properties Trust announced that Alabama-based Infinity Property and Casualty Corporation will relocate its corporate headquarters to Colonial Center at Colonnade on or prior to April 1, 2005. Infinity Insurance...
Fitch Places Travelers on Rating Watch Negative Following Merger Notification
Nov 19 2003 // Fitch Ratings has placed the ‘AA’ Insurer Financial Strength (IFS) ratings of the members of the Travelers Property Casualty Group (Travelers) and the ‘A’ senior debt and long-term issuer ratings of...
ACORD, MBA Release New Form: “Evidence of Commercial Property Insurance”
Nov 5 2003 // The Association for Cooperative Operations Research and Development (ACORD) and the Mortgage Bankers Association (MBA) have announced the finalization and release of ACORD Form 28, “Evidence of Commercial Property...
ISO HomeValue Offers Insurers a New Method to Estimate Residential Replacement Values
Nov 4 2003 // Insurance Services Office, Inc. (ISO) and AIR Worldwide Corporation (AIR) announced the release of ISO HomeValue(TM), a new web-based property replacement valuation system based on the latest component-based...
Rent Shield Announces $120 Million Lloyd’s Placement for Investment Property Risk
Nov 4 2003 // Toronto-based Rent Shield Corp, a provider of pass-through risk specialty insurance and reinsurance products, announced that it has received a Binding Agreement from Tysers International Insurance and Reinsurance Brokers...
Southern California Wildfires Ravage Hundreds of Homes, Property
Nov 3 2003 // Hundreds of homes in Southern California blazed recently as firefighters worked round the clock to contain the out- of-control wildfires that plagued parts of San Bernardino, San Diego, Ventura, and Los Angeles counties....
ISO REPORTS INSURERS’ Q3 CAT LOSSES ESTIMATED AT $2.9 BILLION:
Nov 3 2003 // Insurers are expected to pay $2.9 billion to homeowners and businesses for insured property losses from seven catastrophic events in the third quarter of this year—up more than 300 percent from the year-ago...
S&P Affirms Hannover Re Bermuda ‘AA-‘ Ratings
Oct 30 2003 // Standard & Poor’s Ratings Services announced that it has affirmed the ‘AA-‘ counterparty credit and financial strength ratings on property/casualty insurer Hannover Re (Bermuda) Ltd. (HRB), with a...
Insurance to Cover Most Damage from Calif. Wildfires; ACIC Offering Claims Filing Tips
Oct 29 2003 // Most of the damage from the rash of wildfires ravaging Southern California will be covered under property owners’ homeowners and fire insurance policies, according to the Association of California Insurance Companies...
Safeco Produces Strong Underwriting Results in Auto, Homeowners and Surety
Oct 28 2003 // Safeco – which recently announced a clear focus on Property & Casualty insurance – reported strong third-quarter underwriting results in most insurance lines. “We generated healthy underwriting...
Infinity Property and Casualty Corp. Reports Successful Q3 Numbers
Oct 28 2003 // 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 third quarter of $15.0 million or $0.72...
N.Y. Man Sentenced for Impersonating Floridians to Collect Money
Oct 27 2003 // A New York resident has been sentenced in federal court to 13 months in prison and ordered to pay restitution after he reportedly faked the identities of a least three Floridians in order to collect nearly $100,000 in...
Ariz. DOI Establishes Rate Limits for Credit Property and Credit Unemployment Insurance
Oct 23 2003 // On Oct. 15, 2003, Director of Insurance, Charles Cohen, issued an order that establishes loss ratio standards and rate limits for credit property and credit unemployment insurance products offered to Arizona...
CIAB: Q3 Marks Return of Competitive Pricing
Oct 23 2003 // The commercial insurance marketplace witnessed a return to competitive pricing for a number of lines during the third quarter of 2003 and flattening or decreasing premiums for commercial property coverage, according to the...
London American Becomes Preferred Facility for “A:XV” Insurer
Oct 22 2003 // London American General Agency Inc. announced that effective immediately they are a “Preferred” Commercial Property/Casualty Underwriting Facility for an “A:XV” insurer. The underwriting authority...
Super Bowl Fever’
Oct 20 2003 // For some, Houston is the place to be on Feb. 1, 2004, when the Super Bowl comes to town. As such, many Houstonians may succumb to the temptation to make money off of football fans by renting their homes to out-of-town Bowl...
