Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
Assessing Property/Casualty Insolvency Exposure-2001 to 2002
Sep 10 2001 // There will be no more than 65 property/casualty insurance company insolvencies over the period Jan. 1, 2001, through Dec. 31, 2002, according to Demotech Inc. Demotech Inc., a Columbus, Ohio-based financial analysis and...
Study Finds Growing Demand for Intellectual Property Coverage
Sep 3 2001 // The market for intellectual property (IP) insurance, traditionally a relatively small, specialized niche in the overall insurance market, is undergoing a growth spurt as policyholders recognize, and seek protection for,...
Rates Surge Last Quarter
Aug 20 2001 // Commercial insurance premium rates surged forward last quarter with double digit increases in the five property/casualty lines, according the Council of Insurance Agents & Brokers 2nd quarter Commercial P/C Market...
The Hartford’s Operating Income Increases 10%
Aug 2 2001 // The Hartford Financial Services Group Inc. reported operating income of $262 million for the second quarter of 2001, a 10-percent increase over the same period in 2000. The increase reflects double-digit earnings growth in...
Hospitality Coverages: Insuring a Safe Visit for Tourists and Owners Alike
Jul 30 2001 // Spending a night at a hotel or motel can seem like a simple thing to do for the tourist or business traveler, but who makes sure that guests will stay in a secure environment? That’s up to the hotel operators, but...
Are High-Flying Hospitality Markets Headed for a Free-Fall’
Jul 23 2001 // If the hospitality market has firmed recently to, say, the consistency of crème brulée, will it necessarily become more like peanut brittle in the coming months? Who knows? But like many areas of today’s economy,...
Environmental Pollution Insurance: A Fluid and Ever-changing Market
Jul 23 2001 // Environmental pollution policies – they’re not just for oil industry giants and radioactive waste depositories anymore. Even the most seemingly benign businesses may carry the risk of producing, storing or...
Commerce Commissioner Appoints Minn. Property Insurance Placement Facility Board
Jun 29 2001 // Commerce Commissioner Jim Bernstein announces the following appointments to the board of the Minnesota Property Insurance Placement Facility. Each appointee will begin their term on July 1, 2001 and serve until January 1,...
A.M. Best Affirms Nationwide’s FSRs, Assigns Initial Debt Ratings
Jun 26 2001 // A.M. Best Co. affirmed the A+ (Superior) financial strength ratings (FSR) of the primary property/casualty operations of the Nationwide Group, Columbus, Ohio, as well as its affiliated life insurance companies. In...
PROPERTY CATASTROPHE RATES UP
Jun 18 2001 // U.S. property catastrophe rates increased at January 2001 renewals for the first time since 1994, according to Paragon Reinsurance Risk Management Services, Inc. a wholly owned subsidiary of Benfield Blanch Holdings, Inc....
Agents Selling Financial Services, Three Texas Agents Discuss Success
Jun 4 2001 // During the last decade, the wall separating the worlds of banking and insurance has crashed down. Banks are buying insurance agencies. Banks are merging with insurance companies. The Independent Insurance Agents of America...
Marshall & Swift Merger with E.H. Boeckh and DDS Completed
May 22 2001 // Marshall & Swift, a publisher and source of building cost data and services to the insurance industry, announced the completion of its merger with E.H. Boeckh, a supplier of building cost information, and Digital...
Gomez Study Identifies Consumer Adoption Trends for P/C Insurers
May 21 2001 // The Internet delivery of property and casualty insurance products and services is approaching the mainstream, according to a consumer research study released by Gomez Inc., an Internet quality measurement firm. The study...
A.M. Best Report: Asbestos Claims Surge Set to Dampen Earnings
May 21 2001 // The property/casualty industry may be facing a surge in asbestos claims that could cumulatively cost the industry as much as $65 billion. This new estimate of ultimate asbestos-related losses is nearly two-thirds higher...
ICT To Hold Property and Casualty Symposium
May 14 2001 // The Insurance Council of Texas will hold its annual meeting along with a property and casualty insurance symposium June 27-28 in Austin. Member company representatives are encouraged to attend the annual meeting and the...
XML Provides the Missing Link for SEMCI
May 13 2001 // 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...
Acceptance Ins. Cos. Announces Sale of P/C Businesses
May 11 2001 // Acceptance Insurance Companies Inc., an insurance holding company providing agricultural risk management products and services throughout the U.S., agreed to sell two wholly owned insurance companies to McM Corporation, a...
ISO Estimates Insurers To Pay $705 Million in First-Quarter Cat Damage
May 7 2001 // U.S. property/casualty insurers will pay homeowners and businesses $705 million for insured property losses from three catastrophic events in the first quarter of this year, according to preliminary estimates from...
ISO Estimates Insurers To Pay $705 Million in First-Quarter Cat Damage
Apr 30 2001 // U.S. property/casualty insurers will pay homeowners and businesses in Texas $65 million for insured property losses from catastrophic events in the first quarter of this year. Only Washington and Mississippi incurred...
Corralling The Horse Market
Apr 23 2001 // In today’s steady economy, equine insurance could be one of the best markets you’ve never thought about tapping. Then again, if you don’t know the front end of a horse from the back, it could also be the...
