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May 10, 2002
Travelers Property Casualty's CFO Jay Benet Presents at Goldman Sachs Financial Services Conference
May 9, 2002
Travelers Property Casualty Names New Board Members
May 6, 2002
Travelers' Injured Worker Website Delivers On Promise
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Property Insurance
Your home is a significant investment, not only in dollars
but in terms of your time and effort. It makes sense to do
everything in your power to protect that investment by insuring
your home and personal property against accidents and unexpected
situations.
We provide solutions to meet most of your home insurance needs.
Our insurance experts can help you decide which options will
give you the most effective financial protection.
Find out more about which type of insurance would best suit
your needs:
Homeowner insurance protects
the home you own and live in. It insures both the building
and your personal property, and includes liability protection.
Condominium owner insurance
protects the condominium you own and live in. It insures
your personal unit and personal property, and also provides
liability protection. This insurance is recommended for
most condominium owners.
Tenant insurance protects your
personal property in the house or apartment that you are
renting. Coverage also includes liability protection.
All products
and services are subject to the terms and conditions of the
applicable insurance contract. In the event of any conflict,
the terms and conditions of the insurance contract will govern.
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Results from search: http://www.insurancejrnl.com/
InsuranceJournal.com
NATIONAL
May
14, 2002
NCCI
Holdings Inc. Says Workers' Comp Market Remains Difficult
NCCI Holdings, Inc., delivered its "State of the Workers Compensation
Insurance Line" presentation to an estimated 500 insurance executives
at the NCCI Annual Issues Symposium (AIS) in Orlando, Fla., claiming
the state of the workers' comp market remains tough with early 2001
results indicating one of the year's worst performances in the market's
history.
(go
to story)
May
14, 2002
The
St. Paul Companies Unveils New Underwriting Operation for Large,
National Property Accounts
The St. Paul Companies has formed a new underwriting operation that
will target large national and regional property risks in the U.S.
(go
to story)
May
14, 2002
Zurich
North America Offering Group Legal Expense Coverage
Zurich North America is now offering group legal expense insurance
benefits to companies with 500 or more employees. (go
to story)
WEST
May
14, 2002
Colo.
Legislature Acts to Extend No-Fault Law One Year as Session Ends
During
the hectic final days of its 2002 session, the Colorado Legislature
passed legislation extending the sunset of the no-fault auto insurance
law to July 2003. (go
to story)
May
14, 2002
American
Strategic Insurance Selects Resonate Commander Solutions for Applications
California-based
Resonate Inc., a provider of management solutions for business-critical
applications, announced that American Strategic Insurance has selected
Resonate Commander SolutionsT to ensure quality end-user experience
for insurance brokers accessing its internal applications. (go
to story)
May
14, 2002
Modesto,
Calif. Man Surrenders on Fraud Charges
Investigators
with the California Department of Insurance (CDI) Criminal Investigations
Branch's Fraud Division arrested a Modesto man on two counts of
insurance fraud.
(go
to story)
SOUTH
May 14, 2002
Insurers
under Investigation Donate to Texas GOP AG Candidate
Farmers
and Allstate, under investigation along with by the Texas
attorney general's office for alleged deceptive homeowners market
practices, reportedly participated in a fund-raiser for Republican
attorney general candidate Greg Abbott in Austin. (go
to story)
May
14, 2002
Hilb,
Rogal and Hamilton to Acquire Hobbs Group
Virginia-based
Hilb, Rogal and Hamilton Company (HRH) has agreed to acquire the
Hobbs Group LLC, an Atlanta-based independent insurance broker.
(go
to story)
May
14, 2002
HCC
Reports 50 Percent Earnings Growth for 1stQ 2002
Houston-based
HCC Insurance Holdings Inc. of Houston has noted a record increase
for its first quarter numbers. (go
to story)
EAST
May
14, 2002
PIANJ
Gives Support to 'Bank Parity' Proposal
The Professional Insurance Agents of New Jersey issued a statement
supporting the New Jersey Department of Banking and Insurance for
its proposed regulation implementing the Parity Act, which amended
the powers of state banks, savings banks and their subsidiaries
to be consistent with new powers granted to federal banks by the
Gramm-Leach-Bliley Act. (go
to story)
May
14, 2002
MIIX Reorganization Endorsed by InterMedix
Even
as it winds down its 25 year life as one of New Jersey's leading
medical malpractice insurers (See IJ Website May 10 and 7), the
Lawrenceville based MIIX Group is receiving new support for the
resurrected, physician-owned, company it hopes to have up and running
by August. (go
to story)
May
14, 2002
Harleysville Named in Top 100 for Info Tech Employees
Information
Technology employees appreciate working for Pennsylvania's Harleysville
Insurance, one of the country's top ranked small commercial lines
underwriters. It's been named by IDG's Computerworld as one of the
100 "Best Places to Work in IT" in the United States. (go
to story)
MIDWEST
May
14, 2002
Iowa
Gov. Vetoes Bill That Would Have Spared Insurers From Paying Twice
for Injury
Iowa
Gov. Tom Vilsack has vetoed a bill that would have remedied a court
ruling that requires insurers to pay again for a first injury when
a worker suffers a second injury.
(go
to story)
May
14, 2002
Amerisure
Names Whyte to Board of Directors
Michigan-based
Amerisure Mutual Insurance Company named Bettina M. Whyte of Jay
Alix & Associates Inc., New York, to the company's board of directors.
(go
to story)
INTERNATIONAL
May
14, 2002
AXA's
Q1 Total Revenues Rise 1.9% to $19.2 Billion
France's
AXA Group reported that consolidated revenues for the first quarter
rose 1.9% to € 21.1 billion ($19.2 Billion) compared with the
prior year period, largely driven by a hefty 24.3 percent rise in
international insurance sales which surged by € 691 million
($628 million) to € 2.71 billion ($2.463 billion). (go
to story)
May
14, 2002
S&P Removes Lloyd's from CreditWatch, Affirms 'A-' Rating
Standard
& Poor's announced that it has removed the Lloyd's insurance market
from CreditWatch, where it was placed on Sept. 20, 2001, and has
affirmed its single-'A' insurer financial strength rating. (go
to story)
May
14, 2002
Zurich Names James Schiro as New CEO
Zurich
Financial Services announced that James Schiro it has been appointed
as its new CEO effective May 17. (go
to story)
May
14, 2002
Arch Capital Notes Significant Q1 Changes
Bermuda-based
Arch Capital Group issued a statement concerning its Q1 earnings
report reflecting the changes in capitalization and strategy that
it has undertaken during the past year. (go
to story)
May
14, 2002
XL's Reinsurance Units Launch New Website
XL
Re Ltd, XL Re Latin America LTD, Le Mans Re and XL Reinsurance America,
Inc., the reinsurance operations of Bermuda's XL Capital LTD, announced
the launch of their new joint website: http://www.xlre.com . (go
to story)
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Table of Contents
. What is Property Insurance?
. What Does it Cover?
. How Are You Reimbursed?
. How Premiums Are Set
. Keeping Your Costs Down
. Make Sure Bases Are Covered
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What is Property Insurance?
Let's say the worst happens: a fire breaks out and you lose your inventory; a hurricane sends a tree smashing down onto your office; your business is burglarized. Your ability to recover from any one of these disasters is heavily dependent on your property insurance.
Property insurance protects your business against physical damage to, or loss of, your assets. Assets, broadly defined, include the area in which your business operates and the property housed there.
In the case of catastrophes like fire, explosion, theft, or vandalism, property insurance helps cover your costs - whether it's to repair damaged property or replace what you've lost.
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Results from search: http://www.pipso.com/
PIPSO: Property Insurance Plans Service Office
Tuesday, May 14, 2002
The Property Insurance Plans
Service Office, Inc. (k/a PIPSO) is a national organization supported by
FAIR and Beach Plans. By working closely with their member companies, the
Plans help ensure that property insurance is available to those who need
it.
Plan member companies can use this pull down menu to find the latest
download files for all of the FAIR and Beach Plans contributing data
to PIPSO.
Select a State
-----------------------
Alabama Insurance Underwriting Association
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DE
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Illinois FAIR Plan
Indiana Basic Property Ins.
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Ohio FAIR Plan
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Ins. Placement Fac. of PA
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Ins. Placement Fac. of WVA
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Check
out this section for loss information
on catastrophes affecting plan states.
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Results from search: http://www.ukpropertyshop.co.uk/insurance.shtml
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National Student Services, Inc. -- Student Personal Property Insurance
Be insured by this time
tomorrow.
National Student Services, Inc.
provides personal property insurance to students nationwide. Our
policies are effective, easy to obtain, and inexpensive. Your
one-time premium nets you coverage for an entire year, and this coverage
begins the day after you apply. Please browse our site to find more
information, and you may apply right here
on the Web! If you are an existing customer, be sure to check out the
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Welcome and thank you for taking the time to visit our web site. We have designed the site to make it easier for you to find your way around. There is a
separate section for each group that does business with the Association.
Our Mission
Assure
stability in the property insurance market
Make
sure basic property insurance is available for all qualified properties
Encourage the maximum use of licensed insurers
Provide for the equitable distribution of risk to all
licensed insurers
Company Profile
The Virginia Property Insurance Association was formed in 1968 as the Virginia
Insurance Placement Facility. We changed our legal structure and our name
in 1976 when we became the Virginia Property Insurance Association. The
Association provides dwelling and commercial property coverages to individuals and
businesses throughout the state who are unable to obtain coverage through the
voluntary insurance market.
Contact Information
Telephone
804-358-0416
800-899-7973
Fax
804-358-0733
Postal address
Post Office Box 6649
Richmond, VA 23230-6649
Electronic mail
General Information:
l.petersen@vpia.com
General Manager
Leland
M. Nye, CPCU
Copyright © 2001
Virginia Property Insurance Association
Last modified:
March 04, 2002
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