Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
Thousands of Washington homes threatened by faulty fire sprinklers
Jul 23 2007 // Washington Attorney General Rob McKenna and the Office of the State Fire Marshal are warning Washington apartment homes and hotels that their fire sprinkler systems may be defective. The Washington State Fire...
Bankruptcy and D&O Claims Settlements
Jul 23 2007 // Ever since “entity coverage” became a part of the standard directors’ and officers’ policy, bankruptcy courts have wrestled with the question of whether D&O policy proceeds are property of the...
News Currents
Jul 23 2007 // P/C industry net income, overall profitability slips The U.S. property/casualty insurance industry’s net income after taxes dipped to $15.8 billion in first-quarter 2007 from $16.7 billion in first-quarter 2006 and...
Ark. Reminds Insurers not to Penalize Armed Services Personnel
Jul 13 2007 // The Arkansas Insurance Department issued a directive to property and casualty carriers issuing policies containing “occupancy” requirements in their underwriting standards that could adversely impact insurance...
Thousands of Washington Homes Threatened by Faulty Fire Sprinklers
Jul 11 2007 // Washington Attorney General Rob McKenna and the Office of the State Fire Marshal are warning Washington apartment homes and hotels that their fire sprinkler systems may be defective. The Washington State Fire...
U.S. P/C Insurers’ Paid $2.1 Billion for 2d Quarter Catastrophes
Jul 10 2007 // U.S. property/casualty insurers are expected to pay homeowners and businesses an estimated $2.175 billion for second-quarter property losses resulting from a total of six catastrophes in 25 states — tying the record for...
CSC Names Fogle to Head Sales to Property and Casualty Industry
Jul 10 2007 // Computer Sciences Corp. based in El Segundo, Calif., announced that Lee Fogle has joined the company as vice president of sales for the property and casualty (P&C) insurance market in the Americas. He reports to Ray...
Bill Limiting Pa. Farm Owners’ Liability for Hunting Accidents On Gov.’s Desk
Jul 5 2007 // A bill limiting Pennsylvania farmers’ liability for hunting accidents on their properties has flown through the House and Senate and been sent to Gov. Edward Rendell for signing. The measure was backed by...
People
Jul 2 2007 // Donald Gaddis Co. Inc. announced that Jay Dillon will lead the newly opened Franklin, Mich., office. Dillon has over 35 years of extensive commercial insurance experience, according to the Gaddis statement. For the past 15...
Small business owners’ needs run large
Jul 2 2007 // Agents can serve as partners to satisfy the demands of running today’s small business Small business is big and getting bigger. Some 6.4 million businesses with one to 20 employees now contribute to our economy, and...
Coverage interpretation and claims litigation at odds
Jul 2 2007 // But overall, construction market looks ‘optimistic,’ Willis exec says Today’s construction underwriters and their claim departments may not be following the same blueprint on issues of coverage...
Jay Dillon
Jul 2 2007 // People Donald Gaddis Co. Inc. announced that Jay Dillon will lead the newly opened Franklin, Mich., office. Dillon has over 35 years of extensive commercial insurance experience, according to the Gaddis statement. For the...
Small business owners’ needs run large
Jul 2 2007 // Small business is big and getting bigger. Some 6.4 million businesses with one to 20 employees now contribute to our economy, and this segment continues to grow at a record pace. Everyone — the college graduate, the...
Coverage interpretation and claims litigation at odds
Jul 2 2007 // Today’s construction underwriters and their claim departments may not be following the same blueprint on issues of coverage interpretation for losses involving general liability and property damage claims, says Paul...
Recipe for Lawsuit: Restaurant Serves Up Intellectual Property Claim
Jun 28 2007 // One Manhattan restaurant is serving up an intellectual property lawsuit, saying a rival seafood bar run by a former protege copies “each and every element” of its business. Rebecca Charles, who opened the Pearl...
P/C Industry Net Income, Overall Profitability Slip in 1Q 2007
Jun 28 2007 // The U.S. property/casualty insurance industry’s net income after taxes dipped to $15.8 billion in first-quarter 2007 from $16.7 billion in first-quarter 2006 and $17.7 billion in first-quarter 2005, according to...
American Safety Enters Surplus Lines Property Market
Jun 21 2007 // New Jersey-based American Safety Insurance Services, Inc. said it has acquired a team of underwriters and entered the surplus lines property market, offering both monoline property and commercial multi-peril...
P/C Insurers Invest $320 Billion in Public Projects Including Schools
Jun 20 2007 // The insurance industry holds investments in municipal bonds worth more than $320 billion, investments that help fund construction of schools, roads, and hospitals, and support a variety of other public sector activities,...
Violent and property crime down in Northeast, reports FBI
Jun 18 2007 // Violent crime increased 1.3 percent in 2006 when compared with data from 2005. However, property crime decreased 2.9 percent for the same time period, according to the FBI. Violent crime was up, except in the Northeast....
Consumers not informed about homeowners insurance, study says
Jun 18 2007 // A large percentage of U.S. homeowners mistakenly believe that standard homeowners insurance protects them from an array of perils, according to research by the National Association of Insurance Commissioners, which...
