Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
Watson Wyatt: P/C Market to Remain Soft in 2008
Nov 16 2007 // The market for property and casualty insurance will stay soft in 2008, as premiums are expected to either decline or remain flat, according to actuarial and risk management experts at global consulting firm, Watson Wyatt...
Senate Bills Offer Tax Credits, Loans to Help Property Owners Hit by Disasters
Nov 13 2007 // Saying he believes that immediate assistance is needed for those living near coastal areas who are grappling with skyrocketing property insurance premiums, Senator Chris Dodd, D-Conn., chairman of the Senate Banking,...
State Farm Faces First Federal Trial in La. Over Katrina Damage
Nov 7 2007 // A jury in New Orleans heard opening statements on Oct. 5 in the first federal trial in Louisiana against State Farm Insurance Cos. for a policyholder’s lawsuit over Hurricane Katrina damage. The eight-member jury...
Florida Regulator Approves Citizens New Multi-Peril Program
Nov 6 2007 // The Florida Office of Insurance Regulation approved a new multi-peril commercial non-residential insurance program for Citizens Property Insurance Corp. The new multi-peril product provides up to $2.5 million in coverage....
People
Nov 4 2007 // Bermuda-based Catlin Group Ltd. appointed Nick Greggains chief underwriting officer for insurance, and Andrew Englesbe chief underwriting officer for reinsurance for Catlin U.S. Both will be responsible for insurance and...
Five Tips in Dealing with Wildfire Losses
Nov 4 2007 // Here we go again: another disaster, another insurance test. Will Southern Californians whose homes and businesses were destroyed or damaged by wildfires fare better with their insurance providers than Katrina’s...
Political risk: Converting mystery into opportunity
Nov 4 2007 // By Kathleen S. Ellis The stars are aligning for a growing demand for political risk insurance. Changes in the landscape have created fresh opportunities for producers to increase retention and grow their customer base by...
News Currents
Nov 4 2007 // Catastrophic wildfires sweep across Southern California Industry estimates insured losses at more than $1.5 billion and rising Insured losses are continuing to accumulate from Southern California wildfires that burned in...
States under cover
Nov 4 2007 // Natural catastrophes — and the affordability and availability of property insurance in disaster-prone areas — have been on center stage in coastal states from the Northeast to the Gulf Coast. This fall, the...
Political risk: Converting mystery into opportunity
Nov 4 2007 // By Kathleen S. Ellis The stars are aligning for a growing demand for political risk insurance. Changes in the landscape have created fresh opportunities for producers to increase retention and grow their customer base by...
Ironshore Enters La. E&S Market; Will Cover Property, Cat Risks
Oct 30 2007 // Louisiana insurance regulators have approved Ironshore Insurance Ltd. to provide property and catastrophe insurance in Louisiana on an excess and surplus basis for risks located in the state. The company said it would...
Texas Sept. Enforcements Result in Nearly $376K in Fines, Restitution
Oct 30 2007 // Enforcement actions taken by Texas Insurance Commissioner Mike Geeslin that became final during September 2007 include 12 license revocations, three license denials and fines and restitution totaling $375,983, the Texas...
People
Oct 27 2007 // Kyle Stevens was elected the new president and chief executive officer of Western Security Surplus Insurance Brokers, a wholesale broker and managing general agency with offices in California and Texas. Stevens has served...
LA. SEEKS PROPERTY INSURERS
Oct 27 2007 // LUXURY AND SAFETY Not always the same thing FINDING COMMON GROUND Surplus lines execs debate issues
News Currents
Oct 27 2007 // La.’s $100M incentive program commences Louisiana began taking applications Oct. 2 for a $100 million incentive program designed to get insurers to write more property coverage in the state. The goal of the program...
People
Oct 27 2007 // The California State Compensation Insurance Fund’s Glendale Legal Unit B appointed Katherine Harvey-Edwards to attorney-in-charge. Harvey-Edwards brings 16 years of legal experience to her new post. She was hired as...
Fitch: Calif. Wildfires May Be Largest U.S. Wildfire Insured Loss Ever
Oct 25 2007 // Insured losses from wildfires continuing to spread in Southern California could likely become the costliest catastrophe insured loss event in 2007 and may potentially become the costliest wildfire catastrophe insured loss...
Property Preservation and Highway Safety Projects on Deck in Kentucky
Oct 23 2007 // Kentucky Gov. Ernie Fletcher unveiled an outdoor warning system for residents of four counties below Wolf Creek Dam. A system of sirens would sound a warning throughout Cumberland, Clinton, Monroe and Russell counties in...
DuPont Ordered to Pay Nearly $200m in W. Va. Class-action Lawsuit
Oct 22 2007 // A West Virginia court convicted DuPont of wanton, willful and reckless conduct, and ordered the company to pay $196.2 million in punitive damages for its actions at a former zinc-smelting plant, where residents claimed the...
Florida Property Owners Asked to Vacate Homes Built on Bomb Range
Oct 18 2007 // Some in an Orlando-area neighborhood are being asked to leave their homes as crews search for explosives. The homes and a middle school were built on a former Army bombing range. No one knew until July, when the Army Corps...
