Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
Agents Learn About Potential Policy Glitches, Coverage Fixes
Dec 5 2005 // Are you and your customers aware of potential policy “glitches” in their coverages? And what are you doing to help remedy the situation? Glitches in policies agents select for insureds and possible coverage...
Citizens Board Agrees to Increase Florida Rates; OIR Approval Necessary
Dec 4 2005 // Home insurance rate increases as high as 31 percent for some properties, were approved Nov. 17 by the board of governors of Citizens Property Insurance Co., Florida’s insurer of last resort, and now have to go to the...
Smaller and Regional Programs: Proven Exercises
Dec 4 2005 // Pumped for profit Robin C. Brennan knows fuel dealers. She’s been handling their insurance needs since 1998. Brennan is a vice president with the Managing Agency Group in Hartford, Conn., a subsidiary of Hilb Rogal...
Agents Learn About Potential Policy Glitches, Coverage Fixes
Dec 4 2005 // Are you and your customers aware of potential policy “glitches” in their coverages? And what are you doing to help remedy the situation? Glitches in policies agents select for insureds and possible coverage...
ERISA
Dec 4 2005 // This recurring feature examines insurance coverage decisions in the Midwest’s appellate courts as compiled by the New York-based law firm of Goldberg Segalla LLA and edited by insurance lawyer Kevin T. Merriman...
John B. Collins Adds 4 Facultative Reinsurance Brokers
Dec 1 2005 // A team of four reinsurance brokers — all specializing in the placement and servicing of facultative and program reinsurance — has joined John B. Collins Associates Inc. The brokers all previously worked for...
Wilma’s $6 Billion Cost to Insurers Raises Industry’s Catastrophe Loss Total to Record $50 Billion
Nov 29 2005 // U.S. property/casualty insurers are expected to pay an estimated $6.1 billion to Florida policyholders for insured property losses from Hurricane Wilma, pushing year-to-date catastrophe losses to $50.3 billion, an all-time...
Liberty Mutual Launches Online Business Interruption Training Tool
Nov 29 2005 // Liberty Mutual Property has launched online training capabilities for business interruption coverage, designed to address the most confusing and complicated aspect of property insurance. The Web-based training program...
From Snowfall to Tornadoes, Storms Cause Deaths and Property Loss
Nov 28 2005 // Piles of snow and icy roads definitely were not what most Thanksgiving travelers wanted to deal with on their way home from the long holiday weekend. Meantime, tornadoes tore through several states damaging...
Indiana High Court Rules Against Dimunition of Value
Nov 21 2005 // The Indiana Supreme Court last month ruled that insurance policies are not obligated to compensate damaged property for decline in value of the property after adequate repairs have been made. The insurance industry views...
National Newsbriefs
Nov 21 2005 // Q3 Insured Losses an All-Time Record: Pummeled by Hurricane Katrina and six other natural catastrophes in the third quarter, U.S. property/casualty insurers paid an all-time record $40.8 billion to homeowners and...
Hurricanes Katrina and Rita: Exposing Settled (?) Insurance Coverage Issues
Nov 21 2005 // After any natural disaster, people who suffered property damage eventually look for sources of money to repair their damage and/or replace their loss with insurance being the first source for those with policies. In this...
Indiana High Court Rules Against Diminution of Value
Nov 20 2005 // The Indiana Supreme Court last month ruled that insurance policies are not obligated to compensate damaged property for decline in value of the property after adequate repairs have been made. The insurance industry views...
Hurricanes Katrina and Rita: Exposing Settled (?) Insurance Coverage Issues
Nov 20 2005 // After any natural disaster, people who suffered property damage eventually look for sources of money to repair their damage and/or replace their loss with insurance being the first source for those with policies. In this...
News Briefs
Nov 20 2005 // Q3 Insured Losses an All-Time Record: Pummeled by Hurricane Katrina and six other natural catastrophes in the third quarter, U.S. property/casualty insurers paid an all-time record $40.8 billion to homeowners and...
CNA E&S Appoints Noodle Specialty Brokers for Property/Liability Products
Nov 16 2005 // Noodle Specialty Brokers (NSB), a division of InsuranceNoodle (www.insurancenoodle.com), announced it has been appointed by CNA E&S to underwrite and distribute select products from the E&S division. CNA E&S...
PIA of Fla. Clarifies Status of Citizens Property Insurance’s Commissions
Nov 14 2005 // The Citizens Property Insurance Corp. Board of Governors met in May and agreed to change the amount of commissions it paid to agents, but Professional Insurance Agents of Florida members complained to the association that...
Integro Opens Atlanta Office
Nov 9 2005 // Integro has announced that Frank Kinnett has joined the company to lead the firm’s insurance brokerage operations in the Southeast from a newly established office in Atlanta. Kinnett is joined by Quill O. Healey, who...
Citizens Property Board to Consider Rate Hikes When it Meets Next Week
Nov 9 2005 // Back-to-back insurance rate increases averaging 20 percent for non-hurricane premiums and 32 percent for wind-only premiums could be requested by Citizens Property Insurance Corp.’s board of directors after it meets...
Nonprofit D&O Essentials: Homeowners, Condo Association Boards Beware
Nov 7 2005 // Americans place significant value on their residential investments. So who wouldn’t want to get involved in one’s homeowners or condominium association? But the directors and officers of these nonprofit...
