All the headlines from our Property Topic Page, ordered by recency.
Feb 19 2006 // Inadequate ITV is not just a problem for the insurance industry – it also can be detrimental to policyholders.When underwriting for commercial properties, insurers need to obtain accurate insurance-to-value (ITV)...
Feb 19 2006 // Hiring a relative as an agency producerHiring a relative can be a terrific or a terrible move. Unfortunately, it isn’t always easy working with your relatives, day after day. Personal and professional problems...
Feb 19 2006 // Excess and surplus lines wholesalers see a steady wave of growth in 2006Excess and surplus lines experts expect to see steady premium growth in 2006, with commercial property and contractors business leading the way,...
Feb 16 2006 // CNA Financial Corporation reported fourth quarter of 2005 results, which included the following items:* Net loss for the fourth quarter of 2005 of $217 million as compared with net income of $303 million for the same...
Feb 14 2006 // Although the start of the Florida Legislature is still three weeks away, lawmakers have released preliminary bill drafts on two major issues they will face during the upcoming legislative session: reenacting the...
Feb 13 2006 // Bermuda-based reinsurer Max Re Capital Ltd. reported a net loss for the three months ended December 31, 2005 of $11.4 million, or 20 cents per diluted share, compared to net income of $87.1 million, or $1.82 per diluted...
Feb 13 2006 // A “loyalty clause” prohibiting insurers from canceling a policy for homeowners who have been with a carrier for three or more years is part of a bill filed in the Florida Legislature by Sen. Ron Klein, D-Boca...
Feb 6 2006 // There is no doubt that 2005’s unprecedented hurricane season stretched the human resources of the entire claims industry. Qualified, experienced adjusters were in high demand and short supply. While there are still...
Feb 6 2006 // Is the valuation revolution coming to farm insurance?For several years now, residential and commercial property insurance specialists have been employing new automated systems to refine their calculations of the value of...
Feb 5 2006 // Florida Attorney General Charlie Crist (R), “Citizen’s Property Insurance Corp. needs an overhaul.”U.S. Rep. Jim Davis (D-Tampa), “Florida taxpayers are being ‘fleeced.'” Florida CFO Tom...
Feb 5 2006 // There is no doubt that 2005’s unprecedented hurricane season stretched the human resources of the entire claims industry. Qualified, experienced adjusters were in high demand and short supply. While there are still...
Feb 5 2006 // PeopleBob Amado, president of Colemont’s Northern California offices, has retired, effective Jan. 1, 2006. Doris Barnett has been named his successor. Amado joined Colemont in 1997 and was instrumental in growing the...
Feb 5 2006 // There is no doubt that 2005’s unprecedented hurricane season stretched the human resources of the entire claims industry. Qualified, experienced adjusters were in high demand and short supply. While there are still...
Feb 5 2006 // Harvesting value: revaluation revolution comes to farm linesBringing changes to valuations has been complicated because farm are such unique collections of structures Is the valuation revolution coming to farm...
Feb 5 2006 // Stock Prices: In terms of stock prices for property and casualty brokers, the year was mixed. With its stock up 54 percent, Aon experienced a remarkable year. However, Marsh and McLennan’s woes continued as its stock...
Jan 31 2006 // Guy Carpenter & Company Inc. reported the publication of Property Specialty Update – 1 January 2006 Renewal Season Overview, an in-depth report on the Jan. 1, 2006 property renewal season.The study, which...
Jan 31 2006 // Commissioner of Insurance George Dale has extended his previous bulletin on an extension of coverage for property damaged by Hurricane Katrina to include commercial property insurance policies. Bulletin #2005-13 was issued...
Jan 30 2006 // Property insurance rates increased sharply in the fourth quarter of 2005, according to the RIMS Benchmark Survey by the Risk and Inurance Management Society Inc.Reversing a two-year trend of steadily falling property...
Jan 27 2006 // State-created Citizens Property Insurance has worked to come up with rules that will help its employees avoid conflicts of interest, but still needs to do more in that area, including developing a policy for picking...
Jan 26 2006 // The Hartford Financial Services Group Inc. reported fourth quarter 2005 net income of $474 million, or $1.53 per diluted share. The company’s net income reached $2.3 billion for the year, a new record for the...