Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
A Philosophy – and Practice – of Sharing
Aug 4 2008 // Shows How Sharing Success With Producers Keeps the Agency and Its Clients Happy Top 100 Agency Profile Ranking: No. 8 Insurance Office of America Headquarters: Longwood, Fla. Year Founded: 1988 Additional Locations: 22...
U.S. P/C Insurers’ Catastrophe Losses for Q2 Double to $6 Billion
Aug 4 2008 // Total of 16 Cats Generate More Than 1.2 Million Claims; Average Claim Nearly $5,000 U.S. property/casualty insurers are expected to pay homeowners and businesses an estimated $6.025 billion for second quarter property...
Lloyd’s Analyzes Growing Coverage Problems of Insuring Vacant Property
Jul 29 2008 // In an article on its web site (www.lloyds.com), Lloyd’s looks at the increasing concerns over coverage for vacant properties. “As the economy worsens it’s expected that more and more businesses will fail,...
Insurance Policies Among Unclaimed Property in West Virginia
Jul 25 2008 // Unlike years past, there are no diamond rings or South African gold coins in West Virginia’s cache of unclaimed property. But State Treasurer John Perdue does have cash, stock shares and unclaimed insurance policies...
Tokio Marine to Acquire Philadelphia Insurance for $4.7 Billion
Jul 23 2008 // Japan’s Tokio Marine Holdings, Inc. reported that it has agreed to acquire all outstanding shares of Philadelphia Consolidated, a U.S. property/casualty insurance company offering specialty commercial property and...
New York Agents Support Expansion of Excess & Surplus Export List
Jul 23 2008 // Insurance agents and brokers in New York have called upon state officials to ease the rules for how agents obtain coverage for some high-risk policies. The Excess Line Association of New York has proposed adding dozens of...
Venture Insurance Names Rogers Managing Director of Specialty Property
Jul 22 2008 // West Chester, Pa.-based Venture Insurance Programs, a national program administrator, recently named Michael Rogers as executive vice president and managing director of a new specialty property unit. Rogers will establish...
U.S. P/C Insurers’ Catastrophe Losses for Q2 Double to $6 Billion; Average Claim $5K
Jul 21 2008 // U.S. property/casualty insurers are expected to pay homeowners and businesses an estimated $6.025 billion for second quarter property losses resulting from a total of 16 catastrophes in 27 states, which is nearly double...
State Farm Files Average 47.1% Increase in Florida Homeowners Coverage
Jul 17 2008 // State Farm Florida Insurance Co., a Florida-only property insurance company, filed an average 47.1 percent homeowners insurance rate increase with the Florida Office of Insurance Regulation on July 16. Ed Domansky,...
Wildfires Bring Demand for Private Firefighters
Jul 17 2008 // Seated behind the wheel of a fire engine, Dave Breglia follows a map dotted with expensive homes threatened by wildfires. His job: protect high-end real estate and save an insurance company millions of dollars. “I...
Delaware County Suspects 9th Arson at Vacant Property
Jul 16 2008 // Delaware fire investigators say a fire at a vacant home in Sussex County earlier this week was intentionally set, the ninth arson at a vacant home in the area over two months. This Monday’s fire was reported around...
S&P Advises Floods Could Lead to Ratings Actions on Midwest-Focused Insurers
Jul 11 2008 // Standard & Poor’s Ratings Services said it does not expect the 2008 Midwest floods to impact ratings or outlooks for the majority of companies that it rates. However, property/casualty writers that are...
House Subcommittee Moves Key Federal Insurance Regulation Bills
Jul 10 2008 // In a big week for insurance lobbyists, a key House subcommittee advanced three major insurance regulatory measures. The U.S. House Financial Services Subcommittee on Capital Markets, Insurance and Government Sponsored...
Florida Property Insurer Offers Boat Insurance to Members
Jul 9 2008 // Florida-based PURE Risk Management recently launched an insurance program for personal boaters called PURE Watercraft Insurance. PURE provides hull coverage, including coverage for windstorm, on an agreed-value basis, and...
New Web Site Provides Information on Florida’s Property Insurance Issues
Jul 8 2008 // The Florida Catastrophic Storm Risk Management Center launched a comprehensive Web site (www.stormrisk.org) designed to serve as a one-stop shop for citizens, policy makers, the media and others seeking to learn about...
Maryland Court Wrong in Condo Association, Unit Owner Coverage Ruling
Jul 7 2008 // How the Court Overstepped its Bounds and Affected Current Policies and Future Claims A firestorm of confusion and comment was created by a recent Insurance Journal report detailing a recent Maryland Court of Appeals ruling...
Insured Property Value in Coastal States to Double in 10 Years
Jul 7 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 over 7 percent, according to a new report released by AIR Worldwide...
Insured Property Value in Coastal States to Double in 10 Years
Jul 7 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 over 7 percent, according to a new report released by AIR Worldwide...
