Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
6 in 10 Business Now Buying Terror Coverage, Marsh Reports
Aug 25 2006 // Nearly six in 10 large and mid-sized U.S. businesses obtained insurance to cover property terrorism risks during 2005, a dramatic increase from the 2003 average of 27 percent and up from 50 percent in 2004. Meanwhile, the...
Coalition Says Insurer Group’s Disaster Plan is Insufficient
Aug 22 2006 // With the first anniversary of Hurricane Katrina one week away, the American Insurance Association (AIA) has unveiled a National Catastrophe Agenda designed to reinforce resilience to catastrophic hurricanes. But not...
Zack Cooper Merges with RA Higgins to Develop Senior Pro Program
Aug 22 2006 // Zack Cooper & Associates Insurance Agency, Commerce, Calif., has recently merged with RA Higgins Insurance to form New Ireland Ltd., which is the exclusive representative of comprehensive asset protection plans...
Poll reveals misconceptions about renter’s insurance
Aug 21 2006 // Every year, residents end up with millions of dollars in uninsured losses that could be prevented. According to a poll commissioned by PEMCO Insurance based in Seattle, there is widespread misunderstanding about what is...
Par for the course: golf club premiums
Aug 21 2006 // Golf and country clubs are complex risks that make it difficult for agents and brokers to know how premium dollars should be allocated. That task is even more difficult because each club is different. Private clubs are...
Par for the course: golf club premiums
Aug 21 2006 // Golf and country clubs are complex risks that make it difficult for agents and brokers to know how premium dollars should be allocated. That task is even more difficult because each club is different. Private clubs are...
EPI Study Finds Coastal Population Drain Following Hurricanes
Aug 18 2006 // A study conducted by the Earth Policy Institute (http://www.earth-policy.org) concludes that a number of people who evacuated their homes in the wake of Hurricanes Katrina, Rita and Wilma may have left permanently. The EPI...
Penn. Court: Brokers Have No Duty to Inspect Property for Flood Insurance
Aug 18 2006 // A national insurance trade said it supports the recent Superior Court of Pennsylvania’s decision in the case of Wisniski v. Brown & Brown Insurance Co., that ruled insurance brokers do not have a duty to inspect...
Insurance Crisis Defines Republican Race for Fla. CFO
Aug 17 2006 // If money talks, as it so often does in Florida politics, Senate President Tom Lee should be favored to win the Republican nomination in a three-way contest for chief financial officer that’s focusing on who can solve...
Average Insurance Premiums Remain Flat in Q2 Except in Hurricane Regions
Aug 16 2006 // According to the Risk and Insurance Management Society Inc.’s RIMS Benchmark Survey, commercial insurance premiums were flat to slightly lower in the second quarter of this year compared to the prior year. The RIMS...
Florida’s $250 Million Property Loss Mitigation Program Begins
Aug 15 2006 // Florida has begun My Safe Florida Home program, a $250 million mitigation program to help Floridians strengthen their homes against hurricanes and to reduce property losses. Tom Gallagher, Florida’s chief financial...
ISO Acquires Xactware
Aug 14 2006 // ISO has acquired the assets of Xactware, Inc., a provider of estimation software and services for the property insurance, remodeling and restoration industries. Terms were not disclosed. The privately held company and its...
Aug. 11 Public Hearing Scheduled in Bradenton, Fla. to Gauge Commercial Insurance Woes
Aug 9 2006 // A public hearing to gauge the scope and nature of the burgeoning commercial insurance crisis in Florida has been scheduled held Friday Aug. 11 from 4 p.m. until 6 p.m. in Bradenton, Fla. by Florida Insurance Commissioner...
Delaware Weighs Options as Westfield Insurance Drops 850 Policies
Aug 9 2006 // Delaware Insurance Commissioner Matt Denn has issued a bulletin to property insurance companies telling them to better inform property owners of the option of coverage from the residual market, the FAIR Plan. The bulletin...
Insurance Poll Reveals Misconceptions about Renter’s Insurance
Aug 8 2006 // Every year Washington residents end up with millions of dollars in uninsured losses that could be prevented. According to a poll commissioned by PEMCO Insurance based in Seattle, there is widespread misunderstanding of...
Marine market responds to stressed property coverage demand
Aug 7 2006 // A recent Wall Street Journal story proclaimed, “As Hurricane Season Begins, Disaster Insurance Runs Short.” Indeed, the stark headline in the July 10 article mirrors the market reality: There is a severe lack...
Marine market responds to stressed catastrophic property coverage
Aug 7 2006 // A recent Wall Street Journal story proclaimed, “As Hurricane Season Begins, Disaster Insurance Runs Short.” Indeed, the stark headline in the July 10 article mirrors the market reality: There is a severe lack...
Marine market responds to stressed catastrophic property coverage
Aug 7 2006 // A recent Wall Street Journal story proclaimed, “As Hurricane Season Begins, Disaster Insurance Runs Short.” Indeed, the stark headline in the July 10 article mirrors the market reality: There is a severe lack...
Florida moving ahead with commercial lines reinsurance pool
Aug 7 2006 // Florida is moving to reactivate a state-run reinsurance pool for commercial lines insurance to help businesses obtain insurance. The Commercial Joint Underwriting Association (JUA) is intended to provide property insurance...
Fighting future losses in the midst of fire season
Aug 7 2006 // With 68,775 blazes already this year, the 2006 wildfire season is well on its way to becoming the worst in 10 years, according to the National Interagency Fire Center (NIFC). Its data shows 5.03 million acres have burned,...
