Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
Businesses Going Green
Mar 22 2010 // Green Building Features Left Exposed Under Traditional Commercial Property Policies With the U.S. Green Building Council forecasting growth in the green building market to double between now and 2013, agents and brokers...
Golden Gate Chartered Property Casualty Underwriters Society Recognizes Leaders
Mar 22 2010 // The Chartered Property Casualty Underwriters Society Golden Gate Chapter has awarded Janis Dunivin of Wells Fargo Insurance Services of California with its Insurance Person of the Year Award, and State Farm with its...
Florida CFO Sink Wants Data on Troubled Property Insurers
Mar 22 2010 // Florida insurance regulators have notified a Jacksonville-based insurer that it has until the end of the month to comply with solvency requirements to avoid suspension or losing its license. The warning to Southern Oak...
P/C Executives to Dodd: Don’t Shift Risky Firms’ Costs to Insurers
Mar 19 2010 // Property/casualty insurance companies, which already pay into state guaranty funds to backup claims of their insolvent peers, don’t want to have to also pay into a federal fund to cover failures of larger and riskier...
Property/Casualty Insurers Have Issues with Dodd Financial Reform Bill
Mar 16 2010 // Even though they are largely excluded from the federal financial regulatory overhaul proposed in the Senate, property/casualty insurers say there are some elements they fear could negatively affect them and their...
As Weather Warms, Property Owners Urged to Buy Flood Insurance
Mar 12 2010 // Having flood insurance will be increasingly important this year as spring rain combines in many parts of the U.S. with the melting of record snowfall, according to the Insurance Information Institute. “Many states on...
Marsh Names Sammeroff to lead UK Real Estate Development Team
Mar 12 2010 // Marsh has appointed Candice Sammeroff to lead the firm’s business development in the commercial property and real estate sector in the UK. She has 10 years’ experience in the legal sector, and joins Marsh from...
Florida Insurers Pin Hopes on Broad Bill Passed by Senate Panel
Mar 11 2010 // With the prospects for a controversial rate deregulation bill dimmed by Gov. Charlie Crist’s threat of a veto, the insurance industry is betting on a new wide-ranging insurance proposal to bring some reform to...
More New Florida Property Insurers in Trouble?
Mar 10 2010 // Florida insurance regulators this week notified a Jacksonville-based insurer that it has until the end of the month to comply with solvency requirements to avoid suspension or losing its license. And the warning to...
ISO Launches Integrated Automobile and Property Data Product
Mar 3 2010 // ISO has released a fully integrated automobile and property prefill product. QuickFill delivers any combination of ISO’s 34 automobile and property databases to insurance carriers at the point of quote. Data elements...
Florida Property Insurance: Northern Capital Loses Rating; HomeWise Consolidates
Feb 24 2010 // One fast-growing Florida homeowner insurer has had its rating pulled by its rating agency and reportedly halted new business while another domestic carrier is consolidating its business into one company from two. Northern...
Louisiana: 60% of Tax Rebates from Insurance Assessments not Claimed
Feb 23 2010 // Louisiana Insurance Commissioner Jim Donelon has announced that nearly $59 million, or 60 percent of the available tax rebates available to property insurance consumers in his state went unclaimed last year. Property...
Getting Back to Nature Requires Getting Proper Farm Insurance
Feb 21 2010 // Mr. and Mrs. Everyman and their family have decided to get back to nature. They are proud owners of a country home with 25 acres and a barn. Their insurance agent has covered the new home and property with a traditional...
Mississippi Court Rules on CGL Coverage for Subcontractor Work
Feb 19 2010 // A general contractor’s hiring of a subcontractor does not necessarily preclude coverage under its commercial general liability (CGL) policy for shoddy work performed by the subcontractor, Mississippi’s highest...
Some Red Flags in Residential Arsons Fly Before the Fire
Feb 18 2010 // Financial stress is the number one reason residential dwellings are intentionally torched, but proving the act of arson is not that easy. In fact, Federal Bureau of Investigation statistics for 2007 show only around 6...
Contractor Seeks Claims for Property Damaged by Explosion
Feb 11 2010 // The mayor of the Connecticut town where a power plant was rocked by a fatal explosion says the general contractor building it is asking for property damage claims from neighbors. Middletown Mayor Sebastian Guiliano said...
Malhi Joins ACE Europe as Account Engineer-Property
Feb 11 2010 // The ACE European Group announced the appointment of Imran Malhi as Account Engineer for its property business. He will provide value-added property services including client management, risk consulting and hazard...
On Average, Texas Homeowners Rates Are Down, Agents Group Says
Feb 7 2010 // Reduction Is in Cost per $1,000 in Property Value There’s a common perception that homeowners insurance rates in Texas go up and up, and never come down. That’s not necessarily true, however, according to the...
Property Casualty Market’s Love Affair With Main Street Business
Feb 7 2010 // Why Small Business Means Big Business for Insurers and Brokers Alike Main Street business often means different things to different people, but it generally refers to small commercial establishments that would be found in...
Audit Questions Security of Louisiana Citizens’ Computer Systems
Jan 27 2010 // Louisiana’s property insurer of last resort allowed too much access to computer systems, opening the door for potential fraud, and failed to take enough steps to make sure that policy applicants were eligible for...
