Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
News Currents
Jun 18 2007 // Violent crime up, property crime down in 2006, FBI reports 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...
News Currents
Jun 18 2007 // Fast-growing, state-run property insurers pose risk for taxpayers Exponential growth of state-run property insurers of last resort ultimately may shift much of the long-term risk of hurricane-related losses to...
Private Sector Summit to focus on Florida property insurance market
Jun 18 2007 // Property insurers in Florida are facing a crisis as they try to deal with the impact of drastic changes imposed on them with the recent enactment of HB 1A. How to respond to and manage those mandates will be the focus of...
U.S. Extends Aid to Conn. Property Owners for April Storm Damage
Jun 15 2007 // The federal government has extended aid to private property owners to help repair damage caused by a powerful nor’easter in April. The decision, announced by Gov. M. Jodi Rell’s office, is a reversal of the...
Lancashire Enters S.C. Property and Casualty Market
Jun 15 2007 // Lancashire Insurance Co. Ltd. gained approval to provide insurance coverage on an excess and surplus basis for properties located in South Carolina. Lancashire intends to focus primarily on coastal windstorm and earthquake...
Flood Insurance Program Doesn’t Know If Payments Covered Wind Damage
Jun 14 2007 // Since the National Flood Insurance Program does not collect data on both wind and flood damage claims from its insurers, it’s not possible to know if its billions of dollars in payments on hurricane-damaged...
Markel Global Marine & Energy Expands Onshore Property Products
Jun 13 2007 // Houston-based Markel Global Marine & Energy Inc. (MGME) announced an expansion of product capabilities in its Onshore Energy Property Division. According to the announcement. the division immediately will begin...
Hartford Financial Reports Changes at the Top; Names Marra President
Jun 13 2007 // The Hartford Financial Services Group, Inc. has named Thomas M. Marra to the newly created position of president and chief operating officer. Marra, 48, currently a member of the company’s board of directors and...
Abraham Joins CNA Property and Marine Division
Jun 12 2007 // CNA Financial Corp. in Chicago reported that James Abraham has joined the firm as senior vice president of Property and Marine. Abraham has 25 years of industry experience, including serving as vice president of...
Texas Mid-Year Property/Casualty Symposium Set for July 12
Jun 12 2007 // The Insurance Council of Texas (ICT) and the Association of Fire and Casualty Companies in Texas (AFACT) will present the 15th Annual 2007 Mid-Year Property & Casualty Insurance Symposium on July 12, in Austin,...
Fast-Growing, State-Run Property Insurers Pose Risk for Taxpayers
Jun 8 2007 // Exponential growth of state-run property insurers of last resort ultimately may shift much of the long-term risk of hurricane-related losses to policyholders and taxpayers, even those who live nowhere near the coast,...
Novae Launches UK Property Team
Jun 7 2007 // Novae Plc has put together a team of specialist property underwriters to handle its new venture into the UK property market. Mike Platt and his team of Darrian Kempster, Barrie Roper and Tim Simpson-Lee have joined the...
Violent Crime Up, Property Crime Down in 2006, FBI Reports
Jun 6 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....
La. Senate Backs Tax Break for Property Insurance Increases
Jun 6 2007 // People and businesses in Louisiana who are paying higher property insurance premiums since hurricanes Katrina and Rita should get a tax break for those increased costs, the Senate agreed June 4. The tax break proposal by...
Consumers Not Informed about Homeowners Insurance, Study Says
Jun 5 2007 // A large percentage of U.S. homeowners mistakenly believe that standard homeowners insurance protects them from a wide array of perils, according to new research by the National Association of Insurance Commissioners...
Property insurance rate hikes in store for La.
Jun 4 2007 // Louisiana regulators in late May approved property insurance rate hikes of 16 percent to 51 percent for three small companies, with larger increases for homeowners along the coast. The Louisiana Insurance Rating Commission...
Property insurance rate hikes in store for La.
Jun 4 2007 // Louisiana regulators in late May approved property insurance rate hikes of 16 percent to 51 percent for three small companies, with larger increases for homeowners along the coast. The Louisiana Insurance Rating Commission...
Protecting against floods
Jun 4 2007 // Flooding caused by hurricanes and tropical storms can wreak havoc along the Eastern Seaboard and Gulf Coast from June through November. However, that flood risk is not limited to summer and fall months alone, nor to just...
Arch Promotes Kmetz for Global Property, Manahan for E&S
May 31 2007 // Arch Insurance Group, a subsidiary of Arch Capital Group Ltd., announced the following executive moves in its property division effective immediately: Michael Kmetz has been promoted to senior vice president and will be...
Willis Reports on Property Market
May 31 2007 // Global broker Willis, in its latest “Property Alert” indicates that the “the global capacity, pricing regimens, terms and conditions for both Cat Risks and non-Cat Risks in the global property insurance...
