All the headlines from our Property Topic Page, ordered by recency.
May 10 2012 // Louisiana Insurance Commissioner Jim Donelon told an Alexandria civil club that the state’s property insurance market is “more competitive than ever.”The Town Talk reports Donelon spoke on May 8 to the...
May 7 2012 // Global property insurance rates continued to firm in the first quarter of 2012 and there are forces at play that will likely continue the trend, according to a recent report from insurance broker Marsh.Despite the absence...
May 7 2012 // In advance of the June 1 start of hurricane season, the actuarial underwriting committee of Texas’ property insurer of last resort for coastal counties is recommending a rate increase.The committee on April 20...
May 7 2012 // The original criteria and objective definition for Super Regional P/C Insurersª was established in the Feb. 12, 2007, issue of Insurance Journal. Prior to the establishment of an industry-wide definition, a number of...
May 7 2012 // The current property/casualty market is not a “classic” hard market, yet anyway.While prices are clearly rising in certain lines including property and workers’ compensation, other conditions of a...
May 7 2012 // The current property/casualty market is not a “classic” hard market, not yet anyway.While prices are clearly rising in certain lines including property and workers’ compensation, other conditions of a...
May 4 2012 // A.M. Best Co. has affirmed the issuer credit rating (ICR) of “bbb” and the unsecured debt and preferred equity ratings of Fairfax Financial Holdings Limited. Best also affirmed the financial strength rating...
Apr 27 2012 // In advance of the start of hurricane season, the actuarial underwriting committee of Texas’ property insurer of last resort for coastal counties is recommending a rate increase.The committee on April 20 voted for a...
Apr 27 2012 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A-‘ (Excellent) and issuer credit ratings (ICR) of “a-” of the property/casualty group, Horace Mann Insurance Group and its...
Apr 23 2012 // The current property/casualty market is not a “classic” hard market, yet anyway.While prices are clearly rising in certain lines including property and workers’ compensation, other conditions of a...
Apr 19 2012 // As part of its expansion into direct-selling insurance to the global company marketplace, Swiss Re has partnered with Royal Sun Alliance (RSA) to offer single carrier property insurance to mid and upper-middle size U.S....
Apr 17 2012 // A new analysis shows that while the private U.S. property/casualty insurers suffered deteriorating results in 2011, they still ended the year with a strong and improved fourth-quarter.Private U.S. P/C insurers’ net...
Apr 16 2012 // (A full version of this article, as well as exclusive podcasts featuring Hanover CEO Frederick Eppinger, is available on InsuranceJournal.com)Eight out of 160 years of history may not seem like a big deal but for Hanover...
Apr 16 2012 // Eight out of 160 years of history may not seem like a big deal but for Hanover Insurance Group, founded in 1852, the last eight years have seen a series of big deals.Eight years ago in 2004, the $2.4 billion heavily...
Apr 12 2012 // U.S. movie studios, drug manufacturers and other companies that depend heavily on copyrights, patents and trademarks to protect their creative works support 40 million jobs, or about 28 percent of the U.S. workforce, a...
Apr 11 2012 // National Financial Partners Corp. subsidiary, NFP Property and Casualty Services Inc. (NFP P&C), acquired Illinois-based Ameribonds Surety & Insurance Services (Ameribonds Surety), effective April 2, 2012, the...
Apr 10 2012 // As weather disasters strike with more frequency, U.S. homeowners first get hit with the destruction or total loss of property. Many are then hit with the unexpected loss of homeowners insurance policies as insurance...
Apr 10 2012 // Global property insurance rates continued to firm in the first quarter of 2012 and there are forces at play that will likely continue the trend, according to a report from insurance broker Marsh.Despite the absence of...
Apr 9 2012 // A New Jersey couple whose beach house was destroyed by a storm 50 years ago has finally been awarded compensation for it, but may appeal the award.Barely two years after Edward and Nancy Klumpp built their beach house in...
Apr 4 2012 // PERILS AG, the independent Zurich-based company providing industry-wide European catastrophe insurance data, has updated its loss report for windstorm Andrea, which struck Western Europe in early January.PERILS’...