Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
IIABA Calls on State Securities Regulators to Identify Fraud Perpetrators
Aug 28 2002 // A news release on investment fraud scams issued by a state securities regulator group grossly misidentifies the perpetrators as independent insurance agents, said Independent Insurance Agents & Brokers of America...
Travelers Property Casualty Corp. Spin-Off Completed
Aug 22 2002 // Travelers Property Casualty Corp. announced that Citigroup has completed the spin-off of Travelers Property Casualty by distributing 219,050,000 shares of Travelers class A common stock and 450,050,000 shares of Travelers...
Groups Urge Regulatory Constraint at Fla. Mold Hearings
Aug 21 2002 // Both the American Insurance Association (AIA) and the Alliance of American Insurers urged Florida policyholders, insurers, and regulators to take a rational approach to mold issues at a recent hearing held by the...
Fitch Report Estimates Billions in Continued Asbestos Costs
Aug 19 2002 // Fitch Ratings released a special report, “Asbestos: Impact on the U.S. Insurance Industry,” describing how future claims will affect property and casualty insurers. The report includes estimates of...
Webs for the Unwary: The Perils of Internet Marketing
Aug 19 2002 // The World Wide Web—touted as the greatest communication development of all time—has also become the world’s biggest catalog. Along with the use of the Internet for marketing, have come new torts, and a new body...
Hartford Fire Outlook Neg
Aug 19 2002 // Standard & Poor’s said the outlook for Hartford Fire Insurance Co. and related property/casualty entities remains negative despite the trend toward improved earnings throughout the remainder of 2002. The...
Travelers Property Casualty Chairman Responds to Inclusion in S&P’s Index
Aug 16 2002 // Travelers Property & Casualty will have its class B shares included in the Standard & Poor’s 500 Index. Travelers Property Casualty Chairman and CEO Robert Lipp, noted “I am very pleased that the hard...
XML Provides the Missing Link for SEMCI
Aug 13 2002 // Agents have faced the problem ever since insurance companies first introduced applications. Each company had its own form, so the agent who wanted to submit the same account to several underwriters had to write the same...
Swiss Re Determines Actual Value Amount for WTC
Aug 6 2002 // Swiss Re announced that there are no circumstances under which World Trade Center leaseholder Larry Silverstein can ever recover more than $3.5 billion of insurance proceeds under the coverage he purchased. Swiss...
Partner Re Reports Record Operating Results
Aug 6 2002 // Bermuda-based PartnerRe Ltd. reported record operating results for the second quarter 2002, and reaffirmed its prior earnings guidance for the full year. PartnerRe President & CEO, Patrick Thiele, commented,...
Programs, Beacons of Stability in Tumultuous Markets
Aug 5 2002 // Now that the hard market has firmly set, it’s no secret that more and more standard property and casualty insurance carriers are seeking to stem losses by restricting coverage and revamping underwriting habits. As in...
New Fitch Report Estimates Billions in Asbestos Liability Costs
Aug 5 2002 // Fitch Ratings released a special report, “Asbestos: Impact on the U.S. Insurance Industry,” describing how future claims will affect property and casualty insurers. The report includes estimates of...
Programs, Beacons of Stability in Tumultuous Markets
Aug 5 2002 // Now that the hard market has firmly set, it’s no secret that more and more standard property and casualty insurance carriers are seeking to stem losses by restricting coverage and revamping underwriting habits. As in...
Lewis Promoted to President & CEO of CNA Property & Casualty
Aug 2 2002 // CNA Financial Corporation announced that, effective Aug. 26, James Lewis will become the new president and CEO of CNAProperty & Casualty Operations, CNA’s largest operating business. In his new position, Lewis...
S&P’s Says Hartford Fire Outlook Remains Negative
Jul 31 2002 // Standard & Poor’s Ratings Services, commenting on Hartford Fire Insurance Co.’s (Hartford Fire) second-quarter earnings, said that the outlook for the company and related property/casualty entities remains...
ISO Estimates Insurers to Pay $2B for Second-Quarter Claims
Jul 29 2002 // Insurers are expected to pay $1.97 billion to homeowners and businesses for insured-property losses from 10 catastrophe events in the second quarter of this year, according to preliminary estimates by the Insurance...
Regulators Approve ISO Fire-Protection-Class Database of U.S. Property Addresses for Insurers’ Use a
Jul 23 2002 // With Maine on board, insurance regulators in 44 states and Washington, D.C., have approved Insurance Services Office Inc.’s (ISO) LOCATION™ database of Public Protection Classifications (PPC™), the ISO program...
Excess Surplus & Specialty
Jul 22 2002 // Nuts & Bolts: Ajalon Specialty Insurance Brokers has E&S and Specialty Markets available for auto-commercial (commercial auto liabiltyÑmisc./special purpose), contractors & related, artisian contractors,...
Surplus Lines Industry Continues to Play its Role
Jul 22 2002 // Since it’s inception in the early 19th century, the surplus lines industry has played a significant role in the insurance world: providing the buyer with insurance not available in the standard, admitted markets. As...
Insurers looking at $120M Price Tag for Insured-Property Losses from Ariz. Wildfire
Jul 19 2002 // Insurers are expected to pay an estimated $120 million to home owners and businesses for insured-property losses from the Rodeo-Chediski Complex wildfire in Arizona, according to preliminary projections by the Insurance...
