Latest Property Headlines

News Briefs

Aug 22 2005 // ALABAMA Hurricane Sales Tax Measure Dies An effort was mounted during Alabama Legislature meetings to grant a sales tax break on necessary supplies to prepare for a hurricane but the measure did not pass. Its sponsor Rep....

Looyenga Outlines Major Hurricane Policy Changes

Aug 22 2005 // Open Market System Suggested: It’s essential to prepare now in case that one-in-10,000 major hurricane hits the Southern United States, Roger Looyenga, CEO of Auto-Owners Ins-urance said at the Florida Assoc-iation...

Marcus Humphrey

Aug 22 2005 // McQueary Henry Bowles Troy LLP (MHBT), based in Dallas, recently named Marcus Humphrey vice president and leader of the firm’s Employee Benefits group. As vice president, Humphrey’s primary responsibilities...

Aug 22 2005 // Calabasas, Calif.-based Lionheart Insurance Services has hired Russ McFarren as an excess and surplus broker. He began his insurance career in Ohio and relocated to Los Angeles in 1963 with the Pacific Indemnity Insurance...

Claims History Model Act Now in Hands of State Legislators

Aug 22 2005 // Consumers who initiate a homeowners insurance claim but never receive payment could find that single incident may be used by their insurer to cancel their policy, or raise their premium, under a new claims history model...

AVRECO Notes Personnel Moves

Aug 10 2005 // Insurance wholesale insurance brokerage AVRECO announced the appointment of Jody Oster to its Chicago-based casualty team. Oster has almost five years of insurance experience and works with manager Mark Senkbeil placing...

Adam Corporation Subsidiary Reliable Reports Completes Acquisition of CIG

Aug 10 2005 // LEWISVILLE, TEXAS (July 26, 2005) – The Adam Corporation/Group (“TAC”), a privately owned holding company, announced today that its wholly owned subsidiary Reliable Reports, Inc. (“Reliable”)...

Fore! Golf Course Owners: Watch Out for Errant Shots

Aug 8 2005 // Massachusetts Court Favors Homeowners in Trespass by Golf Balls To drive home her point, Joyce Amaral lugged six plastic buckets containing a total of 1,800 golf balls into court. The balls were just some of those she...

Broadening Club Coverage in a Softening Market

Aug 8 2005 // The softening market has provided some welcome price relief for golf and country clubs, which had weathered significantly higher premiums in the last few years. To agents and brokers writing golf and club business, this is...

Fore! Golf Course Owners: Watch Out for Errant Shots

Aug 8 2005 // To drive home her point, Joyce Amaral lugged six plastic buckets containing a total of 1,800 golf balls into court. The balls were just some of those she claimed to have retrieved from her yard in the five years she and...

News Briefs

Aug 8 2005 // National Poll Reveals Americans’ Views on Aging: A poll by the MetLife Mature Market Institute conducted by Zogby International shows that 60 percent of Americans believe “old” is age 71 and over, but...

Two Floridians Join Citizen’s Property Insurance Board of Governors

Aug 5 2005 // John D. Collins and Julio G. Rebull, Jr. have been appointed by Tom Gallagher, Florida CFO to the board of governors of Citizens Property Insurance Corp., Florida’s insurer of last resort. Collins is founder and...

Higginbotham Expands Austin Property/Casualty Operations

Aug 5 2005 // Independent insurance brokerage firm Higginbotham & Associates announced the addition of sales associate Scott McGuire to its newest branch office, Austin, Texas. McGuire is the third addition this year, more than...

AMEX Enters N.J. Auto Insurance Market Via Internet Sales

Aug 1 2005 // AMEX Assurance Company,of the American Express Property Casualty companies, is now writing insurance policies in New Jersey. AMEX is entering the New Jersey market exclusively through the Internet. Its web site is...

LAAIA Topic: How to Place Commercial Property Insurance in Dade County

Jul 28 2005 // Three well-known South Florida commercial property insurance placement experts will provide insight into how to write this insurance in Miami-Dade County, Fla. and how to avoid becoming confused with county rules and...

Pa. Supreme Court Holds Building Collapse Coverage Ambiguous

Jul 26 2005 // The Pennsylvania Supreme Court has held that property insurance coverage for the “collapse” of a building is ambiguous and should be construed in favor of policyholders. The court granted coverage in instances...

Safeco Stops Writing New P/L Property Policies in Fla.; Will Stop Renewing Them in 2006

Jul 26 2005 // As of July 26, Safeco stopped writing new personal property policies in Florida and has notified the Florida Office of Insurance Regulation that at the beginning of 2006, it plans to stop renewing personal lines property...

Hurricane Dennis Losses Estimated at $900 Million in Four S.E. States

Jul 26 2005 // Insurance companies are expected to pay policyholders in four states $900 million on claims for insured property losses from Hurricane Dennis according to damage estimates released by the Florida Insurance Council and...

TDI Urges Coastal Residents to Review Insurance Coverages

Jul 22 2005 // During this already active hurricane season, officials at the Texas Department of Insurance are reminding all Gulf Coast home and business owners that is important to periodically review your insurance policies to ensure...

Conning Forecasts Strong PC Insurance Results Through 2007

Jul 20 2005 // Property/casualty insurance industry results should be relatively strong from 2004 through 2007, according to a new study by Conning Research and Consulting Inc. “Our latest projections indicate a slightly better...