Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
American Claims Management Appointed Westra as Vice President of Property Claims
Nov 15 2011 // San Diego, CA, 11/15/11 – American Claims Management, Inc. (ACM), has appointed Pier Westra as vice president of its Property Claims Division. Effective November 14, 2011, Westra will oversee all of ACM’s East...
Liberty International Underwriters Expands E&S Property Operations to West Coast
Nov 9 2011 // Liberty International Underwriters (LIU), the global specialty lines division of Liberty Mutual Group, has opened an excess and surplus (E&S) property operation in Los Angeles to better serve the West Coast wholesale...
Alleghany Posts $19.2M Q3 Profit, Down 48% From Last Year
Nov 8 2011 // Alleghany Corp. reported $19.2 million in third-quarter net earnings, down 48 percent from one year ago when the company had $36.6 million in earnings. The company’s result reflects the decrease in pre-tax net...
Wisconsin Trespasser Liability Goes to Governor
Nov 7 2011 // The Republican-controlled Wisconsin Legislature has passed a bill that would reduce property owners’ liability for a trespasser’s injuries or death. The Assembly passed the measure 80-15 on Nov. 3. The state...
Rental Properties Offer a Lucrative Niche for Insurance
Nov 7 2011 // Dark clouds continue to hang over the U.S. housing market with prices still well below their peak and foreclosures high in many parts of the country. But there is a silver lining — great bargains on rental properties....
The Demotech Company Classification System Reveals State Specialist Property/Casualty Insurers
Nov 7 2011 // Company Name State of Speciality 2010 TOTAL DPW Texas Mutual Insurance Co. TX 596,191 Old American County Mutual Fire Insurance Co. TX 575,100 SAIF Corporation OR 327,373 St. Johns Insurance Co. Inc. FL 257,106 Brickstreet...
A Protection Incentive
Nov 7 2011 // In a year in which natural disasters have dominated the news and have strongly — and negatively — influenced insurance companies’ bottom lines, insurers, industries and governments may want to take notice of an...
Disaster Innovation
Nov 7 2011 // This issue has reports on innovation in insurance and where entrepreneurs find their inspiration. The presenters at this year’s Entrepreneurial Insurance Symposium said they are inspired by their own experiences,...
People
Nov 7 2011 // Jim Donelon has been re-elected commissioner at the Louisiana Department of Insurance. Donelon, a Republican from Metairie, on Oct. 22 defeated Democrat Donald Hodge. Donelon has been insurance commissioner since...
P/C Market to See Only Moderate Changes in Rates in 2012: Willis
Nov 4 2011 // Property/casualty insurance rates will continue to be flat to with some slight increases or decreases in most major and specialty lines of insurance. Some exceptions to that trend include catastrophe-exposed property...
Lockton Adds Technology Property Risk Control Consultant in San Jose
Nov 3 2011 // Duane Caldwell was added to Lockton’s technology-focused team in San Jose, Calif. as a property risk control consultant. Caldwell will take a lead in expanding Kansas City, Mo.based-Lockton’s presence in the...
Florida’s Scott Wants Recommendations from Citizens by Dec. 6
Nov 3 2011 // Gov. Rick Scott wants the state-backed Citizens Property Insurance Corp. to recommend ways to shore up the troubled insurer. Scott, who would prefer the insurer be sold to a private company, wants answers from the...
S&P Affirms Montpelier Re Ratings; Outlook Stable
Nov 1 2011 // Standard & Poor’s Ratings Services has affirmed its ‘BBB’ long-term counterparty credit rating on Montpelier Re Holdings Ltd. and its ‘A-‘ counterparty credit and financial strength...
What Should Florida Do to Fix Citizens, Property Insurance? Share Your Ideas
Oct 27 2011 // As Insurance Journal has reported, Florida lawmakers are considering the future of the state’s largest homeowners’ insurer, Citizens Property Insurance Corp. It’s supposed to be the insurer of last resort...
Lockton Adds Technology Property & Casualty Leader in California
Oct 26 2011 // Kevin Hoskinson has joined Lockton as its technology practice leader focused on property and casualty insurance for technology companies. Hoskinson will work in Kansas City, Mo. Lockton’s San Jose, Calif. office....
What Should Florida Do to Fix Citizens, Property Insurance? Share Your Ideas
Oct 26 2011 // As Insurance Journal has reported, Florida lawmakers are considering the future of the state’s largest homeowners’ insurer, Citizens Property Insurance Corp. It’s supposed to be the insurer of last resort...
XL Establishes Rocky Mountain Presence with Denver Appointments
Oct 20 2011 // The insurance segment of Dublin, Ireland-based XL Group plc (NYSE: XL) has expanded its North America property and casualty team in the Rocky Mountain area. Gregory Melton was made as senior property underwriter and...
Aspen US, Brownstone to Offer Coverage to Property Owners
Oct 20 2011 // Aspen US Insurance and Brownstone Insurance Agency have formed a partnership effective September 1, to bring underwriting and claims services to the commercial residential property market. This new partnership allows...
New York’s Suffolk County Had Biggest Insured Property Loss From Irene
Oct 17 2011 // New York State’s Suffolk County suffered the highest insured property loss among the 191 counties affected by Hurricane Irene, according to the latest estimate. New Jersey, New York and North Carolina were the top...
Cheaper Isn’t Better in Property Loss Cost Containment
Oct 17 2011 // How carriers and adjusters respond to property losses can reduce the impact of the claims as well as the costs, according to Lynne Jurek Shannon and Doris T. Bobadilla, defense attorneys with the Galloway, Johnson,...
