All the headlines from our Property Topic Page, ordered by recency.
Apr 20 2009 // A new industry briefing shows reinsurance rates continuing to increase for the U.S. property-catastrophe reinsurance market for April 1, 2009, renewals.According to Guy Carpenter & Co.’s “Rates Up on...
Apr 20 2009 // Property/casualty insurers remained profitable in 2008 despite taking hits from several catastrophes, the recession and the ongoing financial crisis. P/C insurers earned $2.4 billion in net income after taxes in 2008, but...
Apr 16 2009 // A new errors and omissions insurance program for property management firms, named SmartPro™, is now available from New Empire Group, Ltd.Robert E. Mackoul, CLU, Chief Executive Officer of New Empire Group stated,...
Apr 16 2009 // Insurance buyers can expect upward pricing pressure in the coming months, according to global insurance broker Lockton.According to Lockton brokers writing in a new marketplace overview, insurers saw a “perfect...
Apr 9 2009 // Property/casualty insurers remained profitable in 2008 despite taking hits from several catastrophes, the recession and the ongoing financial crisis. P/C insurers earned $2.4 billion in net income after taxes in 2008, but...
Apr 7 2009 // A new industry briefing shows reinsurance rates continuing to increase for the U.S. property-catastrophe reinsurance market for April 1, 2009 renewals.According to Guy Carpenter & Co.’s “Rates Up on...
Apr 6 2009 // Nautilus Insurance Group named Thomas Miali as assistant vice president-property underwriting. Miali joins Nautilus from a reinsurance company where he served as vice president. His background includes managerial positions...
Apr 6 2009 // The pitfalls of not placing special-event coverage, when it’s truly needed and available, can result in catastrophic losses to your insured, and possibly even damage the credibility of your agency and errors and...
Apr 3 2009 // Max Capital Group’s deal to merge with rival IPC Holdings offers shareholders a better long-term deal than an unsolicited offer from Validus Holdings, Chief Executive Marston Becker said Thursday.Max’s deal is...
Apr 1 2009 // As the drought in the Southwest worsens, the wildfire season in Arizona grows longer, burning more acreage and threatening private property in forested areas.“The Arizona State Forestry Division estimates more than...
Mar 27 2009 // Kansas City, Mo.-based Westrope has added Joost Hol to its West Coast office in downtown Los Angeles. Joost is a property insurance professional who handled national and international property risks for AIG until 2007....
Mar 27 2009 // The nation’s insurance industry found some things to like and not to like in Treasury Secretary Timothy Geithner’s proposed restructuring of financial services regulation.While Secretary Geithner said that any...
Mar 26 2009 // The Hanover Insurance Group Inc. introduced a new insurance program that offers specialty coverages for wholesale distributors and manufacturers.The new program, Wholesale Advantage, offers coverage for a broad range of...
Mar 23 2009 // Kansas Gov. Kathleen Sebelius is President Barack Obama’s choice for secretary of health and human services.Sebelius, 60, is seen as a solid choice to head HHS because as a governor responsible for the Medicaid...
Mar 23 2009 // Planning for the “upside” must begin now. The soft insurance market will end, and the rebound from the financial bottom will happen. But don’t try to predict when, just get out in front and plan for...
Mar 23 2009 // Richard G. “Dick” Clarke, senior vice president of J. Smith Lanier & Co. in West Point, Ga., has been elected 2009 president of RiskProNet International, a network of 25 independent insurance brokers in...
Mar 23 2009 // Jim Henson’s famous Kermit the Frog said it the best, “it’s not easy being green.” Today’s property owners and insurers understand that while it’s not easy, being green can be...
Mar 18 2009 // Despite some complaints by competitors, American International Group (AIG) does not appear to be using federal bailout funds to lower its insurance prices to keep and attract business, state and federal officials told a...
Mar 13 2009 // Abram Interstate Insurance Services Inc. in Rocklin, Calif., is offering coverage for hard-to-place homeowners and dwelling fire risks in Arizona and California. The company will write older homes with no updates, homes in...
Mar 13 2009 // New York City spent almost $568 million to settle damage claims, and the biggest awards were attributed to city-owned hospitals and the police and transportation departments, the comptroller said Thursday.The latest dollar...