Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
Understanding coverage gaps in farm/ranch policies
Mar 12 2007 // When underwriting farms and ranches, it’s important to understand the subtle nuances in risk. After all, a loss to either could mean the policyholders not only have damage to their home, but also to their...
Ill. FAIR Plan Receives Nod for 7.7 Percent Rate Hike
Mar 7 2007 // The Illinois Division of Insurance has granted the Illinois FAIR Plan a rate change for Dwelling Property policies. The overall increase is 7.7 percent, effective March 1, 2007. The last increase in the FAIR Plan rate was...
AutoMart Signs up Chinese Insurers
Mar 6 2007 // AutoMart-China, a 95 percent owned subsidiary of Florida-based Deep Field Technologies, has become the “largest independent auto aftermarket company in Beijing,” according to a Company bulletin. The Company has...
TDI Orders Nearly $900K in Fines, Restitution in January Actions
Mar 6 2007 // The Texas Department of Insurance announced enforcement actions taken by Commissioner Mike Geeslin that became final during January. The actions include nine license revocations, two license denials and fines and...
Lockton Expands N.Y. Property Practice, Adding Beegle as Senior V.P.
Feb 27 2007 // Privately-held insurance broker Lockton Companies, LLC has expanded its New York team with the addition of Ray Beegle as senior vice president and Property Practice leader. Beegle is responsible for New York’s...
Property Taxes, Insurance Among Top Issues for Fla. Lawmakers
Feb 27 2007 // This could be the people’s year in Tallahassee, if you believe state lawmakers. “There is a feeling out there that we in government aren’t listening, that in the sound and fury of partisan politics, the...
Maryland mulls how to keep property insurers on coast
Feb 26 2007 // Alarmed that homeowners on Maryland’s coasts may one day be cut off from home insurance, state lawmakers are mulling new rules prohibiting insurers from pulling out of areas they deem risky. But insurers met with...
The Commissioners: Thomas Hampton
Feb 26 2007 // D.C. growing its captive market, escaping worst of property pullbacks Thomas Hampton, commissioner of the District of Columbia Department of Securities, Insurance and Banking. Hampton, who was reappointed to his post by...
A look behind the very good property/casualty results for 2006
Feb 26 2007 // The numbers, or estimates, for the property/ casualty insurance industry for 2006 are in. Dr. Robert Hartwig, president and chief economist of the Insurance Information Institute, sat down with Insurance Journal’s...
Thomas Hampton, District of Columbia, Commissioner, Department of Securities, Insurance and Banking
Feb 25 2007 // Thomas Hampton, commissioner of the District of Columbia Department of Securities, Insurance and Banking. Hampton, who was reappointed to his post by Mayor Adrian M. Fenty in January, discusses the District’s...
People
Feb 25 2007 // Covington, La.-based First Premium Insurance Group Inc., a regional property and casualty insurance broker, added a new team member, Crystal DePascual. DePascual joined First Premium’s staff as marketing...
A look behind the very good property/casualty results for 2006
Feb 25 2007 // News Currents The numbers, or estimates, for the property/ casualty insurance industry for 2006 are in. Dr. Robert Hartwig, president and chief economist of the Insurance Information Institute, sat down with Insurance...
Top 25 Property/Casualty Companies in Premium Growth
Feb 25 2007 // 12 months ending Sept. 30, 2006, versus Sept. 30, 2005 (000 Omitted) DPW Change DWP DWP DWP $ DWP % Rank Company Name 9/30/2006 9/30/05 Change Change 1 Lexington Insurance...
Equipment Breakdown Coverage Now Offered in Homeowners Program
Feb 22 2007 // The American Association of Insurance Services (AAIS) is filing two new equipment breakdown coverage options for use with its revised homeowners forms. The endorsements are currently being filed and will take effect in...
AIG Environmental to Offer Property Insurance
Feb 20 2007 // AIG Environmental, a division of the property and casualty subsidiaries of American International Group, Inc. (AIG), introduced AIG Environmental Property, an insurance facility designed to enable AIG Environmental to...
Miss. AG Hood Attacks State Farm as ‘Robber Baron’
Feb 16 2007 // In a second press conference in as many days, Mississippi Attorney General Jim Hood came out fighting against a recent decision by State Farm Insurance Co. to stop writing new home and commercial property policies in the...
Insurance Journal-Demotech Report Identifies 139 Super Regional P/C Insurers
Feb 14 2007 // Hoping to spark a discussion of so-called “super regional” insurance carriers, Insurance Journal magazine (Feb. 12 issue) this week is publishing its first list of Super Regional Property Casualty Insurers™,...
Best Assigns Ironshore ‘A-‘ Rating
Feb 13 2007 // A.M. Best Co. has assigned a financial strength rating (FSR) of “A-” (Excellent) and an issuer credit rating (ICR) of “a-” to Bermuda-based Ironshore Insurance Ltd. Concurrently, Best assigned an...
Mild-mannered report
Feb 12 2007 // If some politicians can be accused of engaging in “fuzzy” math, some property/casualty insurers might be said to practice “fuzzy” marketing. They call themselves Super Regionals but everyone has a...
Flood Insurance: FEMA resources offer better ways to serve clients
Feb 12 2007 // As we are well aware, flooding caused by hurricanes and tropical storms can wreak havoc along the Eastern Seaboard and Gulf Coast from June through November. What many fail to realize, however, is that flood risk is not...
