Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
Louisiana Citizens Property Insurance Mulling Coastal Rate Hike
Jun 1 2015 // More than 65,000 homeowners in coastal parishes covered by the Louisiana’s property insurer of last resort could see their rates jump 10 percent in mid-August. Under state law, Louisiana Citizens Property Insurance...
Hail Claim Litigation Bill Dies in Texas House
May 28 2015 // With the legislative session winding down in Texas, a measure sought by the insurance industry that its proponents say would help rein in litigation related to property insurance claims has died in the House of...
Atlas General Insurance Services, LLC, Hires Jeff Hoffman as Vice President of Specialty Property Division
May 27 2015 // San Diego, CA, May 27, 2015 – Atlas General Insurance Services, LLC, a national multi-line program manager, welcomes Jeff Hoffman as Vice President of Specialty Property. In his new role with Atlas, Jeff will be...
Insurers Get Ready to Comply With New Mississippi Property Insurance Clarity Act
May 27 2015 // Property insurers in Mississippi have until October 1, 2015 to respond to the Mississippi Insurance Department’s (MID) first call for homeowners’ insurance policy data that will be used to satisfy the...
For P/C Insurers, 2014 Was Better Than Average Year
May 26 2015 // Analysts who predicted the U.S. property/casualty industry would have a tough time topping its 2013 results in 2014 were largely correct as there was some slippage. However, while property/casualty insurers were not as...
Penn. Offers Insurance Tips for Consumers Preparing for Summer Vacations
May 22 2015 // As the weather warms and countdowns until summer vacations begin, the Pennsylvania Insurance Department is reminding consumers to make sure they are fully informed on their insurance coverage when preparing to leave for...
IFG Companies Adds DeCouto as VP of Primary Property Unit in Atlanta
May 22 2015 // Sophia DeCouto IFG Companies has named Sophia J. DeCouto as vice president and head of the Primary Property Unit within its Brokerage Property Division. DeCouto comes to IFG Companies with experience in excess and surplus...
Amlin Reports 1.4% Drop in Q1 Gross Written Premiums to $1.96 Billion
May 21 2015 // London-based Amlin plc reported gross written premium for the three months ended March 31, 2015 of £1.26 billion ($1.96 billion), compared with £1.27 billion ($1.97 billion) reported for the said period in 2014. At...
Is it Flood or Water Damage – Part IV of Flood, Flood or Flood
May 21 2015 // To review prior articles, links are here for Part I, Part II, and Part III. Part IV What the Insured Said Let’s bring this discussion back full circle to discuss what happened. What did the insured actually mean by...
Louisiana Citizens Property Insurance Corp. Class Action Members Owed $1,640
May 20 2015 // The Louisiana state treasurer is holding money for more than 4,500 people who participated in a class action lawsuit against the Citizens Property Insurance Corp. Treasurer John Kennedy says in a news release that most...
Courts and Carriers Can Misapply the Absolute Pollution Exclusion
May 19 2015 // Never let it be said that an exclusion would or could be misapplied; but the absolute pollution exclusion likely qualifies as the most misapplied exclusion within the commercial general liability (CGL) policy. Reasons for...
1347 Property Insurance Holdings Approved to Write in Texas
May 19 2015 // Property/casualty insurer, 1347 Property Insurance Holdings Inc., which writes business in Louisiana through its subsidiary, Maison Insurance Co., announced it has been granted a Certificate of Authority to write P/C...
MSIG at Lloyd’s Hires Eyres in Property Underwriting; Dougall Heads P&C
May 18 2015 // MSIG at Lloyd’s, the international specialty arm of Mitsui Sumitomo Insurance Group, has appointed Martin Eyres as property underwriting manager and promoted Andrew Dougall as head of property and casualty. Eyres,...
Whirlpool to Pay Arkansas Property Owners for Lost Value
May 18 2015 // Whirlpool has agreed to pay the owners of 49 properties in Arkansas that lost value after it was discovered that a former plant of the appliance-maker had leaked a hazardous chemical into the groundwater for decades. Fort...
Insurers Get Ready to Comply With New Mississippi Property Insurance Clarity Act
May 18 2015 // Property insurers in Mississippi have until October 1, 2015 to respond to the Mississippi Insurance Department’s (MID) first call for homeowners’ insurance policy data that will be used to satisfy the...
Texas Senate Passes Property Claim Litigation Bill
May 18 2015 // The Texas Senate on April 30 passed a bill aimed at stemming the onslaught of property claim litigation that has been occurring with increasing frequency in the state following natural catastrophes. Advocates of Senate...
Fracking, Earthquakes and Insurance: A Collision Course?
May 18 2015 // There is increasing information suggesting that hydraulic fracturing, commonly known as “fracking,” is not all it’s cracked up to be. While it is clear that the resurgence of oil and gas production in the...
Worldwide Facilities Names Altamirano Property Broker in California
May 13 2015 // Worldwide Facilities Inc. has named Marvin Altamirano a property broker in Southern California. Altamirano has more than nine years of experience in placing complex property risks. He has worked as a property broker since...
Flood Insurance Does Not Cover Debris Removal From Insureds’ Land
May 13 2015 // A federal appeals court in Philadelphia recently ruled that a standard flood insurance policy from the National Flood Insurance Program does not cover the cost of cleaning up storm-generated debris not owned by the...
Flood, Flood or Flood! Who Responds: AAIS, ISO or NFIP? – Part III
May 13 2015 // Part III AAIS’s Flood Coverage Endorsement “Flood” becomes a covered cause of loss by attachment of AAIS’s Flood Endorsement CO 1223 (The Flood Endorsement specifically designed for the COP XL is...
