Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
The Industry Goes to School: Universities that Offer Insurance Degrees
Dec 18 2005 // Twenty years ago, it was nearly impossible to find colleges and universities offering degrees in insurance. Now there are many programs across the nation that offer bachelor’s degrees, concentrations, certifications,...
News Briefs
Dec 18 2005 // FLORIDA State Farm of Florida 8.6 Percent Rate Request Approved The Florida Department of Insurance approved an average statewide premium rate hike of 8.6 percent for State Farm of Florida, the largest insurer of homes in...
Fitch Comments on New Reinsurers
Dec 15 2005 // Fitch ratings has issued a statement analyzing the prospects for the new reinsurance companies, established in the wake of Hurricane Katrina. The rush to set up what Fitch calls the “Class of 2005” resembles...
California Catastrophe Coalition Formed
Dec 13 2005 // James Lee Witt, former FEMA Director and co-chair of ProtectingAmerica.org, and Admiral James M. Loy, former Deputy Secretary of the U.S. Department of Homeland Security, have announced the formation of...
Crump Makes Additions to P/C Teams in Dallas, Houston
Dec 12 2005 // Crump Insurance Services of Texas Inc. appointed three new members to the Dallas property/casualty brokerage team: Brent Jenkins, Stephanie Murillo and Matt Sheehan. Additionally, Crump Insurance Services of Houston Inc....
Lawson-Hawks Acquires Healthcare Property/Casualty Group
Dec 7 2005 // Lawson-Hawks Insurance Associates Inc., a regional independent insurance broker based in Mountain View, Calif., has announced the acquisition of the El Dorado Hills, Calif.-based Healthcare Property/Casualty Group...
FEMA Urges Floridians to Buy Flood Insurance; Floods #1 on List of U.S. Natural Disasters
Dec 6 2005 // The Federal Emergency Management Agency has issued a plea urging all Florida residents that own property designated by the National Flood Insurance Program as being in a high-risk flood area they need to obtain flood...
Structural Engineer Puts Forth ‘New Orleans Property Owner’s Bill Of Rights’
Dec 5 2005 // Structural engineer Paul Durand recently released the following “New Orleans Property Owner’s Bill of Rights,” which offers consumers tips on getting compensated for property claims in the wake of...
Smaller and Regional Programs: Proven Exercises
Dec 5 2005 // Here are a few smaller and regional programs that are meeting specific needs Pumped for profit Robin C. Brennan knows fuel dealers. She’s been handling their insurance needs since 1998. Brennan is a vice president...
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...
