Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
Fla. legislative package targets Citizens deficits, mitigation; establishes oversight policies
May 22 2006 // The hurricane insurance package passed by the Florida Legislature just before adjournment May 5 is the most significant property insurance bill since major legislation following Hurricane Andrew in the early 1990’s,...
News Currents
May 22 2006 // Hurricanes spawn E&O troubles for insurance producers With regard to potential errors and omissions claims against insurance producers in Louisiana arising out of Hurricanes Katrina and Rita, three main coverage areas...
Chartered Property Casualty Underwriters to share tips on being successful
May 22 2006 // On Tuesday June 13, the Los Angeles Chapter of the Chartered Property Casualty Underwriters will host a meeting featuring motivational speaker Betsey Brewer, senior vice president of The Rule Co., speaking on...
Avian Flu and the Property Casualty Industry
May 22 2006 // Insurance buyers are taking a close look at their insurance and risk management programs, looking for possible financial recourse in the event of an outbreak. It is therefore worthwhile to examine each line of coverage in...
Chartered Property Casualty Underwriters to share tips on being successful
May 22 2006 // On Tuesday June 13, the Los Angeles Chapter of the Chartered Property Casualty Underwriters will host a meeting featuring motivational speaker Betsey Brewer, senior vice president of The Rule Co., speaking on...
Despite catastrophe losses, soft pricing continues in commercial insurance market, buyers report
May 22 2006 // Although property and general liability insurance rates increased in the first quarter of 2006, all indications point to a continuing soft commercial insurance market, according to the Risk and Insurance Management Society...
U.S. insurers withstood record catastrophe losses in 2005
May 22 2006 // Strong capitalization, sound risk management and efficient global risk sharing enabled the U.S. property/casualty insurance industry to withstand record-setting catastrophe losses in 2005, according to Frank J. Coyne,...
News Currents
May 22 2006 // First quarter financial results upbeat, but some note disaster fallout The financial results are in. Insurers generally had positive first quarters, although some were hurt by higher health care costs and continued fallout...
S&P Raises Citizens Property Insurance Rating to A+
May 17 2006 // Standard & Poor’s Ratings Services has raised its rating on Citizens Property Insurance Corp., Fla.’s $1.6 billion of high-risk account senior-secured debt to ‘A+’ from ‘A’ and...
Citizens Property Insurance Increases Upset Policyholders in Florida
May 15 2006 // Marci L. Rose’s home and rental properties in Key West, Fla. escaped serious damage when hurricanes battered the state in 2004 and 2005, but she might lose them anyway. Like thousands of Floridians, the real estate...
Royal Palm to Offer Coverage to Allstate Floridian Customers
May 15 2006 // St. Petersburg, Fla.-based Allstate Floridian has reached an agreement with Royal Palm Insurance Co., a new property insurer in the state, to offer Allstate Floridian customers and Florida consumers property insurance...
Texas Regulators Urge Coastal Residents to Review Insurance Coverages
May 12 2006 // As hurricane season approaches, officials at the Texas Department of Insurance are reminding all Gulf Coast home and business owners that it is important to periodically review their insurance policies to ensure that...
NAS Adds New Floater Coverage to its Excess and Surplus Property Facility
May 10 2006 // NAS Insurance Services Inc., Encino, Calif., has a new floater coverage program as part of its E&S property facility. The program (Equipment Floater – Fine Arts – Transit) features a $100,000 sublimit,...
Despite Hurricane Losses, Soft Insurance Market Continues
May 9 2006 // Although property & general liability insurance rates increased in the first quarter of 2006, all indications point to a continuing soft commercial insurance market according to the Risk and Insurance Management...
Agents Learn U.S. Insurers Withstood Record Catastrophe Losses with Strong Capitalization, Sound Risk Management
May 9 2006 // Strong capitalization, sound risk management and efficient global risk sharing enabled the U.S. property/casualty insurance industry to withstand record-setting catastrophe losses in 2005, but the industry also should keep...
Los Angeles Chartered Property Casualty Underwriters To Share Tips on Being Successful, Install New Officers
May 8 2006 // On Tuesday June 13, the Los Angeles Chapter of the Chartered Property Casualty Underwriters will hold its 2006-2007 installation of chapter officers and directors at the Jonathan Club in downtown Los Angeles from 11:30 am...
Texas lawmakers close in on tax reform
May 8 2006 // Adhering to the Texas Tax Reform Commission’s recommendations, five bills aimed at providing long-term property tax relief passed the Texas House of Representatives in late April. While the tax reform legislation...
FLA. PROPERTY BILL ADVANCES
May 8 2006 // A rapid 25 percent cash buildup for the Florida Hurricane Catastrophe Fund and the establishment of a hurricane mitigation endowment fund to allow homeowners to obtain no-interest loans to implement hurricane mitigation...
INSURERS TO PAY $1.38 BILLION FOR Q1 LOSSES
May 8 2006 // U.S. property/casualty insurers are expected to pay an estimated $1.38 billion to homeowners and businesses in insured property losses from seven catastrophe events in first-quarter 2006, according to preliminary analysis...
Checking-in on hospitality coverage
May 8 2006 // As an agent or broker serving the hospitality market, you’ve enjoyed many coverage options at lower premiums in the last few years. In fact, you’re probably still delivering good news to your clients about...
