Last Spring, CNA announced commercial real estate and property owners as a part of its targeted Middle Market focus class initiative. Today, the global insurer reinforces commercial real estate as a core industry appetite with the announcement of new coverage and service enhancements, further positioning CNA as a premier carrier for these businesses. “We’ve seen strong new business growth with this business since we launched it earlier this...
Property insurance information provider MSB and contents valuation provider Enservio deliver good news to the property insurance industry. Today the companies announce an alliance for delivering contents valuations for property claims through electronic integration between MSB’s IntegriClaim® property claim estimating solution and Enservio’s contents claims management process. Property insurers leveraging IntegriClaim’s Administrator...
The Equality Act of 2007 sought to end discrimination against gays applying for insurance in Britain. When insuring couples, companies are required to evaluate gay marriages (officially known as “civil partnerships”) in exactly the same way as they would heterosexual ones. The Association of British Insurers (ABI) confirmed their adherence to this in July. http://www.noclaimsdiscount.co.uk [NoClaimsDiscount.co.uk] has found that in practice,...
Mobile home owners and renters often choose to go without property insurance, potentially exposing them to catastrophic losses such as those suffered in Southern California’s weekend firestorms. Nearly 500 manufactured homes and more than 80 apartments were destroyed in the fires. While it’s unclear how many were uninsured, about 82,000 – or 25 percent — of the state’s mobile homes don’t carry insurance, according to a Sacramento Bee...
With foreclosures gripping the nation, many “baby boomers” & senior citizens are finding themselves also falling-behind on their monthly mortgage payments. Sometimes it’s due to an upwardly-adjusting interest rate on their existing “forward,” or “regular” mortgage. Or, maybe they simply don’t have enough money saved for their retirement. Well, in speaking with Scott Tucker, reverse mortgage expert...
GEICO understands that renting a first apartment or home is an important milestone. With all of the excitement surrounding the big move, it’s easy for first-time renters to overlook safeguarding their personal belongings. Renters need to understand that their possessions are not insured under a landlord or commercial policy, but GEICO is here to make sure they are protected. “For as little as $12 per month, renters can protect their valuable items...
Maui Land & Pineapple Company, Inc. announced the appointment of Warren Haruki as chairman and Robert (Rob) Webber as president and CEO, effective January 1, 2009. They replace David Cole who resigned earlier this week after five years as chairman, president and CEO of the 100-year old company. Cole will continue to serve as a director and will be the Company’s representative to the boards of Hawaii BioEnergy and Hawaii Superferry. “Rob Webber...
The PMI Group, Inc. announced the completed sale of its Australian mortgage insurance subsidiary and related Australian holding company to QBE Insurance Group Limited (“QBE”). The aggregate sale price is U.S. $920 million, 80% payable in cash and 20% payable in the form of a note* issued by QBE. This transaction enhances PMI’s overall liquidity and supports its U.S. mortgage insurance operations. For the quarter ended September 30,...
The Wisconsin School of Business Graaskamp Center for Real Estate will host a conference on Sustainable Real Estate Development on Thursday, October 30 from 7:30 a.m. – 5:30 p.m. Central Time, at the Fluno Center for Executive Education at the University of Wisconsin-Madison. The conference will examine the emerging global trend of incorporating environmentally-sensitive, “green,” and sustainable real estate development practices...
The Guardian Life Insurance Company of America (Guardian), has agreed to purchase a major interest in the real estate services and investment firm of Kennedy Wilson. The announcement came today from William McMorrow, chairman of Kennedy Wilson and Thomas Sorell, Executive Vice President & Chief Investment Officer of Guardian. Under the terms of the transaction, Guardian will purchase $30 million of convertible subordinated debt in Kennedy Wilson....