Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
Bradley Poe
Jun 6 2005 // The Harry W. Gorst Co. has hired Bradley T. Poe to manage its new Irvine, California office. He will be responsible for new business and staffing. Poe began his career on the retail side of the business almost 14 years...
News Briefs
Jun 6 2005 // AIA OPPOSES CALIF. BILL TO LIMIT HOME INVENTORIES: A bill approved by the California Senate May 25 that prevents insurers from requiring claimants to itemize personal property lost in a disaster is well intended, but will...
Los Angeles Area Quake Could Result in 7,600 Dead, Major Property Damage
Jun 6 2005 // Potential earthquakes on the Puente Hills fault beneath the Los Angeles area could result in 3,000 to 18,000 fatalities, 142,000 to 735,000 displaced households, and more than $250 billion in total damages, according to...
The British Are Coming! No – They’re Already Here
Jun 6 2005 // Over 200 years ago Paul Revere rallied the Minutemen with the cry: “The British are coming!” He’d be somewhat surprised to learn of today’s more benign invasion by a number of British insurance...
Insurers Move to Block N.Y.-N.J. Port Authority $2.1B Claim From 9-11
Jun 3 2005 // Responding to a new claim by the Port Authority of New York and New Jersey that it is separately insured for a $2.1 billion “shortfall” in Silverstein property insurance following the Sept. 11, 2001 terrorist...
N.Y. Eyes Extending Assessment Deadline For Storm Damaged Homes
May 31 2005 // New York Superintendent of Insurance Howard Mills has urged the state legislature to extend the deadline to give Broome County homeowners whose properties were damaged in last month’s floods more time to file for...
TDI Reports April Enforcement Actions
May 27 2005 // The Texas Department of Insurance announced enforcement actions taken by Commissioner Jose Montemayor that became final during the month of April. The actions include eleven license revocations, a license denials and fines...
Los Angeles Area Quake Could Result in 7,600 Dead, Major Property Damage
May 25 2005 // Potential earthquakes on the Puente Hills fault beneath the Los Angeles area could result in 3,000 to 18,000 fatalities, 142,000 to 735,000 displaced households, and more than $250 billion in total damages, according to...
Nearly Half of Large, Mid-sized Businesses Purchased Terrorism Insurance in 2004
May 23 2005 // Nearly half of large and mid-sized U.S. businesses obtained insurance to cover property terrorism risks during 2004, a dramatic increase from the 2003 average of 27 percent. Meanwhile, the cost of property terrorism...
Outsourcing Coverage
May 23 2005 // Nuts & Bolts: Lexington Insurance Co., a member company of American International Group, launched Outsourcing Protector, a new property insurance offering designed to help companies address the risks of domestic and...
CPCU Society Looking at IMSA-Type Body
May 23 2005 // The property/casualty insurance industry’s leading educational society is weighing what role to play in helping the industry restore its image after months of charges about bid-rigging and contingent commissions. A...
Fla. OKs Funds to Fight PIP Fraud
May 23 2005 // Florida’s Chief Financial Officer Tom Gallagher thanked legislators for approving his request for funding to add more law enforcement investigators to fight PIP fraud and workers’ compensation fraud, and a...
Rodney Pierson
May 23 2005 // Twig Branch Seattle, Wash.-based Physicians Insurance A Mutual Company has announced that Rodney A. Pierson has been named senior vice president, CFO and treasurer. Pierson’s long history in finance includes his...
CPCU Society Looking at IMSA-Type Body
May 23 2005 // The property/casualty insurance industry’s leading educational society is weighing what role to play in helping the industry restore its image after months of charges about bid-rigging and contingent commissions. A...
May 23 2005 // Nearly Half of Large, Mid-sized Businesses Purchased Terrorism Insurance in 2004 Nearly half of large and mid-sized U.S. businesses obtained insurance to cover property terrorism risks during 2004, a dramatic increase from...
May 23 2005 // Nearly Half of Large, Mid-sized Businesses Purchased Terrorism Insurance in 2004 Nearly half of large and mid-sized U.S. businesses obtained insurance to cover property terrorism risks during 2004, a dramatic increase from...
Atlanta Chartered Property Casualty Underwriters Elect New Officers
May 19 2005 // The Atlanta Chapter of the Chartered Property Casualty Underwriters Society elected and installed its new officers at its monthly luncheon meeting. The new officers for 2005/2006 are: Larry Long, president, Allstate; Phil...
R&M: Rates Declining in U.K. Commercial Property Market, as Capacity Increases
May 18 2005 // Dublin-based Research and Markets has added a report on UK Commercial Property Insurance 2005 to their offering, which provides “an in-depth analysis of the commercial property market in the UK, analyzing the key...
Citizens Property Considering Direct Reporting of Claims
May 18 2005 // New policies soon to be implemented by Citizens Property Insurance Corp., were presented last week to representatives from major insurance companies in Florida and Florida Association of Insurance Agents representatives...
Hurricane Relief Property Tax Refunds Being Mailed to Fla. Homeowners
May 18 2005 // Florida homeowners forced out of their homes for 60 days or more last year as a result of named tropical storms or hurricanes have begun to receive hurricane relief payments from the Department of Revenue. Checks averaging...
