After a couple of years of peace in property premiums, the record destruction wrought by hurricanes in late 2005 pushed up property insurance rates toward the end of last year and placed property coverage back on the radar screens of finance executives. In Treasury & Risk Management's 2006 insurance survey of 459 CFOs, treasurers and risk managers, property coverage topped the list of concerns for companies with revenues over $1 billion and ranked second for those with revenues under $1 billion. As it was last year, healthcare will be the other major focus over the next 12 months for these insurance decision makers — particularly for executives from midsize companies. Interestingly, though, when asked which insurance was the most problematic, neither of these made it to the top of the list for executives from the bigger companies. Their choice: directors and officers liability.
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