All the headlines from our Property Topic Page, ordered by recency.
Jan 6 2010 // Zurich, a property and casualty insurance provider globally and in North America, announced that Doug Bergen has been appointed southwest regional property manager for its Global Corporate in North America (GCiNA) business...
Jan 5 2010 // Reinsurance rates across most lines of property catastrophe business declined at the Jan. 1, 2010 renewal, according to a briefing by Guy Carpenter & Co., LLC.Guy Carpenter’s World Catastrophe Rate on Line (ROL)...
Jan 5 2010 // Since its inception in 1985, tips to Michigan’s Help Eliminate Auto Thefts (H.E.A.T.) program have led to recovery of more than $51 million in stolen property and arrests of more than 3,300 suspects involved in auto...
Dec 29 2009 // Sugarland, Texas-based Imperial Sugar Co. has settled the property insurance claim for the February 2008 industrial explosion at its Port Wentworth, Georgia refinery for an aggregate of $345 million.A final $45 million...
Dec 22 2009 // Private U.S. property/casualty insurers’ net income after taxes rose to $16.2 billion through nine-months 2009, partially recovering from the 91.2 percent decline to $4.4 billion through nine-months 2008 from $49.6...
Dec 21 2009 // A.M. Best Co. has affirmed the financial strength ratings (FSR) and issuer credit ratings (ICR) of most P/C life/health insurance subsidiaries of American International Group, Inc., as well as the ICR of “bbb”...
Dec 20 2009 // It’s the end of the decade that apparently has no name as yet, but that doesn’t stop those of us at Insurance Journal from looking back at the past 10 years and beyond for known and little-known insurance...
Dec 20 2009 // Large insurers AIG, Farmers and The Hartford made moves in 2009, as did large brokers Marsh, Aon, Willis, Gallagher, Brown & Brown, Hub and Wells Fargo. So, too, did, many regional insurers and Main Street agencies....
Dec 16 2009 // State Farm Insurance thinks it’s paying too much in property taxes in its hometown of Bloomington, Ill. If the company is right it could cost local schools and government millions of dollars.The Bloomington-based...
Dec 16 2009 // A.M. Best Co. has affirmed the Best’s Syndicate Rating of ‘A’ (Excellent) and issuer credit rating of “a+” of Lloyd’s Syndicates 570 and 609, which are both managed by Atrium...
Dec 10 2009 // Property, casualty and directors’ and officers’ (D&O) liability insurance rates will continue to stabilize in 2010, according to Aon Corp.’s U.S. Q3 ’09 Quarterly Market Overview.Highlights of...
Dec 10 2009 // Those behind the sophisticated computer software in Mississippi and elsewhere that tracks down child predators on the Internet are now targeting people who illegally download music and movies.“The good guys are ahead...
Dec 9 2009 // Commercial property insurer Ironshore Inc. announced that Anthony Mammolite, currently executive vice president of its U.S. Property unit, has been named to the additional post of regional executive for the entire New York...
Dec 7 2009 // Massachusetts will begin public hearings next week on a request by the state’s property insurer of last resort to raise rates from 1.9 percent to 7 percent. The hearings are set to begin Dec. 15 on the request by the...
Dec 6 2009 // Florida Insurance Commissioner Kevin McCarty has approved rates hikes for about 330,000 of Citizens Property Insurance Corp.’s so-called high-risk coastal property accounts. The statewide average increases include a...
Dec 6 2009 // Monte Stringer, executive vice president with U.S. Risk Inc. in Dallas, has been elected president of the Texas Surplus Lines Association Inc. for the coming year. Stringer and other new officers and directors of the...
Nov 22 2009 // Florida Insurance Commissioner Kevin McCarty has approved rates hikes for about 330,000 of Citizens Property Insurance Corp.’s so-called high-risk coastal property accounts. The statewide average increases include a...
Nov 20 2009 // A.M. Best Co. has affirmed the financial strength ratings (FSR) and issuer credit ratings (ICR) of the P/C and life/health insurance subsidiaries of Assurant, Inc. Best also affirmed the ICR of “bbb” and debt...
Nov 18 2009 // In an open letter addressed to Barney Frank, the Chairman of the House of Representatives Committee on Financial Services, the largest U.S. insurance trade associations expressed their concerns over the recently passed...
Nov 15 2009 // Alan Ring has joined National Contractors Insurance Co., Inc. (NCIC), a risk retention group, headquartered in Big Fork, Montana, as director of sales and marketing. Ring will be based in NCIC’s Anaheim Hills,...