Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
Property Insurer Affiliated FM Offers ‘Green’ Endorsement on All Risk Policy
Sep 18 2008 // Middle-market commercial property insurer Affiliated FM has introduced a new ‘green’ coverage endorsement to its proVision all-risk property policy. The green endorsement provides flexible coverage for the...
Bermuda Association Explains Reinsurance Risk Spreading Role
Sep 15 2008 // “The global reinsurance market plays an integral role in spreading US hurricane risk around the world,” said a bulletin from the Association of Bermuda Insurers and Reinsurers (ABIR). “Without it, the...
Marsh Sees Credit Crunch ‘Hardening’ Rates, ‘But Not Just Yet’
Sep 12 2008 // According to a recently released report from Marsh, “insurance rates across most lines of business in the Europe, Middle East and Africa (EMEA) region continued to soften in the first half of 2008.” However,...
Wholesaler NIF Adds New Market for Property Risks in 14 States
Sep 11 2008 // Manhasset, New York-based NIF Property Solutions, a division of NIF Group, Inc., said it will act as the exclusive underwriter of a new product for property risks in 14 East and Gulf Coast states. The product is being...
July Enforcement Actions in Texas Result in $500K in Fines
Sep 10 2008 // Enforcement actions taken by Texas Commissioner of Insurance Mike Geeslin in July 2008 include nine license revocations, four license denials and fines and restitution totaling $539,814. Copies of Geeslin’s orders...
Wells Fargo Names Carroll Senior VP
Sep 10 2008 // Wells Fargo Insurance Services Inc. has named David Carroll senior vice president and west region property practice leader, based in Redwood City, Calif., responsible for coordinating and managing property related risk...
California in Holding Pattern on Insurance Bills
Sep 9 2008 // With Democratic and Republican legislators unable to agree on a budget since California’s fiscal year began on July 1, 2008, many state services — as well as insurance bills — are at a standstill. Gov....
Venture Launches Resort Program
Sep 2 2008 // Venture Insurance Programs, launched the SuiteLife program, an all-lines insurance solution for resort properties. SuiteLife combines Venture’s Preferred Club Program – one the industry’s largest programs...
Simmon to Lead Michigan’s Agents
Sep 1 2008 // Says Independence, Flexibility Still Key in Serving Policyholders Dale Simmon of the Simmon Insurance Agency in Lansing was recently named president of the Michigan Association of Insurance Agents (MAIA). The Michigan...
Insurers Seek Study of North Carolina Beach Plan’s Finances
Sep 1 2008 // Insurers are calling upon the the North Carolina Insurance Underwriting Association, known as the Beach Plan, to release its financial information to allow consumers, lawmakers and insurers to begin working on long-term...
People
Sep 1 2008 // Community Financial Insurance Center, Monroe, La., hired Jeanette F. Credo as senior vice president for its new Financial Institutions Division for the states of Louisiana, Alabama and Mississippi. Credo will establish and...
People
Sep 1 2008 // General Star Management Co. appointed Gregory J. Diorio chief operating officer and Joseph L. Majsak chief marketing officer. Diorio will oversee all underwriting divisions while Majsak will oversee the new marketing...
The Complete Condo Package, Part 2
Sep 1 2008 // How to Fit the Right Pieces Together for an Association or Unit Owners’ Coverage Picture Piecing condominium association and unit-owner insurance programs together necessitate determination and complete information....
Cindy Downs
Aug 21 2008 // Dallas-based wholesale insurance broker and managing general agent Towerstone Inc. has added four new members to its team. Cindy Downs was added as a senior underwriter in the firm’s MGA unit. Downs formerly was a...
Cleaning Up After Hurricane Katrina
Aug 21 2008 // In both Mississippi and Louisiana, the principal argument in support of the alleged ambiguity was that the flood waters during Hurricane Katrina were pushed ashore by wind, a covered peril, and the flood exclusion did not...
Insured Property Value in Coastal States to Double in 10 Years
Aug 21 2008 // In the past three years, the insured value of properties in coastal areas of the United States continued to grow at a compound annual growth rate of just more than 7 percent, according to a new report released by AIR...
Obtaining Optimal Catastrophe Coverage
Aug 21 2008 // The complexity of the cat insurance market can make it difficult to keep pace with the coverage options. The savvy wholesale broker keeps tabs on which surplus lines insurers have the appropriate capacity for In the midst...
ASI Lloyds Expands Property Coverage Offerings in Louisiana
Aug 19 2008 // ASI Lloyds (ASI), a subsidiary of Florida-based American Strategic Insurance Corp. and an admitted Louisiana insurer, has launched an investor, rental and seasonal dwelling policy for Louisiana properties in addition to...
Congress to Consider Status of South Carolina Beach Property
Aug 18 2008 // A coastal South Carolina congressman is seeking to allow an undeveloped section of Kiawah Island beachfront to qualify for federal money for roads, flood insurance and renourishment, making it more attractive for...
Texas Windstorm Pool Takes Over Property Inspection Duties
Aug 12 2008 // The Texas Windstorm Insurance Association recently announced it is assuming the responsibility of getting exterior photographs and inspecting all structures submitted for coverage, whether residential or...
