Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
Max Capital CEO Says Deal for IPC Better than Validus’ Offer
Apr 3 2009 // Max Capital Group’s deal to merge with rival IPC Holdings offers shareholders a better long-term deal than an unsolicited offer from Validus Holdings, Chief Executive Marston Becker said Thursday. Max’s deal is...
Arizona’s Wildfire Season Poses Many Risks for Homeowners
Apr 1 2009 // As the drought in the Southwest worsens, the wildfire season in Arizona grows longer, burning more acreage and threatening private property in forested areas. “The Arizona State Forestry Division estimates more than...
Westrope Adds Hol as Property Broker in Los Angeles Office
Mar 27 2009 // Kansas City, Mo.-based Westrope has added Joost Hol to its West Coast office in downtown Los Angeles. Joost is a property insurance professional who handled national and international property risks for AIG until 2007....
Insurers Find Geithner Regulatory Plan Unclear on Federal Role
Mar 27 2009 // The nation’s insurance industry found some things to like and not to like in Treasury Secretary Timothy Geithner’s proposed restructuring of financial services regulation. While Secretary Geithner said that any...
The Hanover Launches Wholesale Distributors Program
Mar 26 2009 // The Hanover Insurance Group Inc. introduced a new insurance program that offers specialty coverages for wholesale distributors and manufacturers. The new program, Wholesale Advantage, offers coverage for a broad range of...
People
Mar 23 2009 // Kansas Gov. Kathleen Sebelius is President Barack Obama’s choice for secretary of health and human services. Sebelius, 60, is seen as a solid choice to head HHS because as a governor responsible for the Medicaid...
Fastest Growing Industries to Focus On
Mar 23 2009 // Top 7 High-Growth Industries’ Risks and Unique Exposures Planning for the “upside” must begin now. The soft insurance market will end, and the rebound from the financial bottom will happen. But...
People
Mar 23 2009 // Richard G. “Dick” Clarke, senior vice president of J. Smith Lanier & Co. in West Point, Ga., has been elected 2009 president of RiskProNet International, a network of 25 independent insurance brokers in...
Greener Opportunities
Mar 23 2009 // Insurers Compete for a Growing Green Industry Jim Henson’s famous Kermit the Frog said it the best, “it’s not easy being green.” Today’s property owners and insurers understand that while...
Regulators: AIG Not Using Bailout Funds to Underprice Insurance
Mar 18 2009 // Despite some complaints by competitors, American International Group (AIG) does not appear to be using federal bailout funds to lower its insurance prices to keep and attract business, state and federal officials told a...
Abram Interstate Offers Insurance for Hard-to-Place Personal Property
Mar 13 2009 // Abram Interstate Insurance Services Inc. in Rocklin, Calif., is offering coverage for hard-to-place homeowners and dwelling fire risks in Arizona and California. The company will write older homes with no updates, homes in...
New York City Spent $568 Million on Malpractice, Property, Other Claims
Mar 13 2009 // New York City spent almost $568 million to settle damage claims, and the biggest awards were attributed to city-owned hospitals and the police and transportation departments, the comptroller said Thursday. The latest...
Beazley Group Adds U.S. Builders Risk, Engineered Risk Capabilities
Mar 13 2009 // Beazley Group plc, an insurer of construction and engineering risks in the Lloyd’s market, has established a builders risk and engineered risk capability in the United States. Builders risk, commonly known as...
Mississippi’s Rep. Taylor Renews Push for Federal Wind Insurance Policy
Mar 10 2009 // Rep. Gene Taylor, D.-Miss., isn’t letting opposition by major insurance companies keep him from pushing his plan to make wind coverage for properties available through the federal flood insurance...
Pacific Specialty Expands Texas Residential Property Programs
Mar 10 2009 // Pacific Specialty Property and Casualty Company, the Texas affiliate of California-based Pacific Specialty Insurance Company (PSIC) announced a new suite of preferred tier residential property insurance products in...
People
Mar 9 2009 // Seacrest Partners Inc., a Savannah, Georgia-based insurance brokerage and employee benefits consulting firm, has named J. Cliff McCurry as vice chairman. McCurry will oversee business development activities for the...
Declarations
Mar 9 2009 // Dear Shareholders “It will be interesting to see if Buffett himself has learned lessons he might not have learned in his long career. … Berkshire got hit in four ways. Falling stock prices, the put options,...
Wisconsin Sheriff: Property Owners Can’t Burn Way Out of Debt
Mar 6 2009 // Dodge County’s sheriff is cautioning Wisconsin property owners with financial trouble not to resort to arson to solve their problems. Sheriff Todd Nehls says he’s noticed a disturbing trend. Cars, houses or...
Ace Europe Launches New Program for Sprinkler Protected Property
Mar 3 2009 // ACE Europe has launched ACE Protect, a new property coverage aimed at companies which have installed sprinkler fire extinguishing systems in their premises. ACE said the new coverage “offers training and risk...
Finnis Named Executive VP, National Property Leader at Willis HRH
Feb 27 2009 // Willis HRH, the North American business of Willis Group Holdings, reported that David Finnis has been named executive vice president and national property practice leader, effective immediately. Finnis, who joins Willis...
