Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
Willis Re Appoints Byng to Lead New Property Resource Group
Jul 1 2010 // Willis Re, the reinsurance arm of Willis Group Holdings announced the appointment of James Byng Property Resource Group Leader for its International and Specialty reinsurance business. He will assume this new position on...
Neal Bill, HR 3424, Proponents and Opponents Trade Salvoes
Jun 29 2010 // When U.S. Representative Richard Neal (D-MA) introduced, or more properly reintroduced, HR 3424, a bill aimed at closing what its proponents describe as a “loophole” in the U.S. tax code, he ignited, or more...
Homeowners Offered Few Insurance Choices in Hurricane States
Jun 28 2010 // In most hurricane-prone states, homeowners have few choices of insurance coverage, with just eight property and casualty insurers in each state controlling up to 77.2 percent of the market share, according to Weiss...
California Violent Crime Rate Falls for Third Consecutive Year
Jun 28 2010 // California’s violent crime rate has declined 6.6 percent in the past year, according to the California Department of Justice’s annual crime report for 2009, recently released by Attorney General Edmund G. Brown...
More U.S. Firms Buying Terrorism Insurance; Prices Decline: Marsh
Jun 24 2010 // U.S. terrorism insurance purchase rates continued to climb in 2009 as companies of all sizes and across all industries continued to buy terrorism coverage, according to a report by global broker Marsh. Sixty-one percent of...
Florida Court Says Fishermen Can Sue Polluter; Is BP Next?
Jun 23 2010 // With BP’s offshore oil gusher in the Gulf of Mexico as a backdrop, the Florida Supreme Court has ruled that commercial fishermen can sue a company that discharged pollutants into Tampa Bay for lost income and profits...
P/C Insurers Return to Profitability in Q1 With $8.9B in Net Income
Jun 23 2010 // The property/casualty industry returned to profitability in the first quarter of 2010 despite continuing declines in both written premiums and earned premiums. Private U.S. property/casualty insurers’ net income...
MGAs Key to Florida’s Property Market, Say Officials, Execs
Jun 21 2010 // Several of Florida’s insurers with affiliated managing general agencies (MGAs) have come in for criticism recently but there is no widespread problem with the MGA model, regulators and insurance executives agree. In...
FAIA’s Grady: Florida Needs to Improve Its Insurance Reputation
Jun 21 2010 // The following are excerpts from a wide-ranging interview by Insurance Journal’s Andy Simpson with Jeff Grady, president and CEO, Florida Association of Insurance Agents, from Grady’s Tallahassee...
Florida Chief McCarty Calls for ‘Substantive Change’ in Property Market
Jun 21 2010 // Florida Insurance Commissioner Kevin McCarty thinks the time has come for the private insurance industry and public leaders to move beyond debating regulation of insurance rates and “be open and willing to make...
How to COPE with Apartments
Jun 21 2010 // COPE is generally associated with property underwriting rather than as a risk class-based underwriting acronym. However, the traditional use and definition of COPE can be broadened to highlight the top concerns of...
Squatters Taking Over Abandoned Homes in Florida
Jun 18 2010 // Imagine going to a house or condo you own and finding a stranger living there who claims the property no longer belongs to you. It’s happening across Florida and other parts of the country through what authorities...
Utah Chartered Property Casualty Underwriters Chapter Installs Officers
Jun 17 2010 // The Utah Chapter of the Chartered Property Casualty Underwriters has installed officers for the 2010-2011 term. Officers include: President Melanie Hamilton of Hamilton Insurance Associates Inc. in Salt Lake City; Vice...
Larson Named President, COO of Great American P/C Group
Jun 14 2010 // Donald D. Larson has been named president and chief operating officer of the Great American Property and Casualty Group and Great American Insurance Co. Larson is the 16th president in Great American’s history. He...
Florida Lawmaker: Lower Gulf Coast Property Assessments, Make BP Pay
Jun 10 2010 // Property appraisers from three Panhandle counties and a state representative say the Legislature should allow tax appraisers to lower coastal property values immediately because of the oil spill. Appraisers from Escambia,...
Aon Helps Lenders With Foreclosed Property Through Risk Management
Jun 9 2010 // Property repossessed by a financial institution after foreclosure may stay vacant or unfinished for months or years, making it susceptible to various types of damage. According to RealtyTrac, the leading online marketplace...
United Insurance to Write Property, Casualty in South Carolina
Jun 8 2010 // United Insurance Holdings Corp., a property and casualty insurance holding company, has announced that United Property & Casualty Insurance Company (UPC), a wholly-owned subsidiary, was approved to begin writing...
4 Killed in Midwest Storms; Property Damage Extensive
Jun 7 2010 // Tornados and thunderstorms that swept through the Midwest over the weekend killed at least four people in Ohio, sent several to hospitals, destroyed 50 homes and damaged scores more, as well a high school gymnasium where...
People
Jun 7 2010 // Wholesaler Crump Insurance promoted Kevin Hahn to executive vice president. As head of New York brokerage operations, Hahn will oversee Crump’s offices in Long Island and New York, and its environmental practice. XL...
People
Jun 7 2010 // Craig A. Payan has been elected to serve as chairman of the board of directors for Itasca, Ill.-based Associated Risk Managers International Inc. Payan is president of PA&T Insurance and Financial Services, an...
