Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
How Actuaries Help P/C Insurers Navigate Uncertain Markets
Jun 11 2009 // Property/casualty insurers and reinsurers rely more than ever on the expertise of actuaries at a point in the cycle when the market is neither softening nor hardening, attendees at the CAS Seminar on Reinsurance were told...
Zurich Names Bartnick North Central Property Regional Manager
Jun 9 2009 // Property and casualty insurance provider, Zurich, announced that its Global Corporate in North America (GCiNA) unit named David Bartnick as its North Central Property regional manager. The North Central region includes 11...
Chartered Property Casualty Underwriters Society Chapter Elects Officers
Jun 4 2009 // The San Gabriel Valley, Calif., Chapter of the Chartered Property Casualty Underwriters Society recently elected its 2009-2010 officers. The chapter services about 100 members who live or work in the San Gabriel Valley and...
Ohio High Court Affirms Use of ‘Open and Obvious’ Hazard Defense
Jun 4 2009 // The Supreme Court of Ohio has ruled that when a plaintiff’s injuries arise from a hazardous condition on a defendant’s property that constitutes a violation of the Ohio Basic Building Code, the property owner...
P/C Insurers Apply Lessons from Hurricane Katrina
Jun 2 2009 // The property/casualty insurance industry is employing advancements in catastrophe modeling and considering the impact of the creation of a national catastrophe fund as it applies lessons learned from Hurricane...
Insurer Can’t Deny Property Coverage Because of Nearby Excavation
Jun 2 2009 // An insurer can’t cite the commonly used earth movement exclusion to deny coverage to an insured whose property was damaged by excavation to a neighboring lot, a New York Appeals Court has ruled. The case pitted the...
State Auto: How a Regional Carrier Weathers the Storms
Jun 1 2009 // CEO Restrepo Talks Cat Losses, Premium Growth and Independent Agents Regional property/casualty insurance companies don’t make headlines like the large institutions. They simply go about their business serving...
People
Jun 1 2009 // Neal S. Wolin has been confirmed by the U.S. Senate to serve as the deputy secretary of the U.S. Department of the Treasury. In February, Wolin was named deputy assistant to the President and deputy counsel to the...
State Auto: How a Regional Carrier Weathers the Storms
Jun 1 2009 // CEO Restrepo Talks Cat Losses, Premium Growth and Independent Agents Regional property/casualty insurance companies don’t make headlines like the large institutions. They simply go about their business serving...
Unsecured Foreclosed Homes Pose Huge Risk as Hurricane Season Opens
May 29 2009 // Mike Manikchand points toward his neighbors in Lehigh Acres — a half-dozen empty, foreclosed-upon homes, sitting on weed-strewn yards — and he wonders: What will happen if a hurricane slams into southwest...
Surplus Lines Brokers Report No Change in Capacity; Increase in Submissions
May 28 2009 // Catastrophic events, the economy and changes in reinsurance capacity have the greatest impact on the availability and pricing of specialty lines coverage in 2009, according to professionals in the surplus lines...
Personality, Good Time Management Are Key to Claims Success
May 22 2009 // With its acquisition in early 2009 of the international businesses of GAB Robins (excluding its UK operations) and the U.S. forensic engineering firm, EFI Global, Cunningham Lindsey became the second largest property...
Louisiana Auditor, Citizens Property Insurance Disagree on Rates
May 20 2009 // Louisiana’s state-backed property insurance firm is at odds with the Office of the Legislative Auditor over the rate setting process. The auditor’s office released a report saying the Louisiana Citizen’s...
Cunningham Lindsey U.S. CEO: Market Conditions Not Slowing Growth
May 20 2009 // With its acquisition in early 2009 of the international business of GAB Robins (excluding its UK operations) and the U.S. forensic engineering firm, EFI Global, Cunningham Lindsey became the second largest property...
Florida Approves Bill to Raise Property Insurance Rates
May 18 2009 // Florida Gov. Charlie Crist has said he would sign legislation passed at the eed of the legslative session that increases property insurance rates by 10 percent on more than 1 million customers of the state-backed Citizens...
AAIS Filing New Forms, Loss Costs for Personal Inland Marine Insurance
May 15 2009 // New policy forms and loss costs will be available early next year to insurers writing inland marine property coverage for certain types of vehicles, and for boats and motors. The American Association of Insurance Services...
Top 100 Profile: Locked into the Customer at No. 1 Lockton
May 14 2009 // As Insurance Journal prepares for another Top 100 Independent Property/Casualty Agency List, to be published in our Aug. 3, 2009, magazine, the editors wanted to highlight a few of the current Top 100 agencies. Throughout...
Florida Agents, Consumer Advocate Agree: Insurance Rates Must Go Up
May 14 2009 // With the start of the hurricane season just a few weeks away, a leading Florida consumer advocate joined independent agents at a press conference today to warn that property insurance rates need to be raised if insurers...
Glencairn Promotes Cook to CEO
May 11 2009 // Glencairn, a company within Faber & Dumas, the third-party wholesale insurance broker created by Willis, announced the promotion of Nick Cook to Chief Executive Officer effective immediately. Previously a Director and...
Elder Joins All Risks’ New REO/Foreclosure Property Program
May 8 2009 // Tom Elder has joined the All Risks National Specialty Programs unit as the lead financial institutions underwriter for the new nationwide REO/Foreclosure and Lender Placed Property Insurance Program. At All Risks, he will...
