Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
Insureds Rarely Have Home Inventories Despite Benefits, Say Claims Pros
Aug 18 2014 // Despite big storms and wildfires highlighting the need, home inventories are rare, say insurance industry experts. A recent Allstate Insurance survey of Atlanta homeowners found that while than more than 90 percent of...
Interview with South Carolina Commissioner Farmer
Aug 18 2014 // State’s Insurance Markets Moving in Right Direction, Says Former AIA Rep South Carolina Insurance Commissioner Ray Farmer has been the state’s insurance regulator since Governor Nikki Haley appointed him in...
Class Action OK’d in Lawsuit Against Exxon over Arkansas Oil Spill
Aug 15 2014 // Class action status has been granted in a lawsuit against Exxon Mobil stemming from a 2013 pipeline accident in Mayflower. U.S. District Judge Brian Miller in Little Rock ruled in favor of Arnez and Charletha Harper, the...
Allied World to Build Out Canadian Energy Market Property Coverage, Hires Two Vets to Lead
Aug 14 2014 // Allied World Assurance Company Holdings, AG has launched its property line for energy risks in the Canadian market with a new team of underwriters. The company launched its initial property & excess casualty offerings...
Nationwide Mutual P/C Felt Pain of June Storms
Aug 14 2014 // Nationwide Mutual Insurance Co.’s property/casualty arm performed solidly in the 2014 second quarter, despite the Polar Vortex and major storm activity that hampered earnings over the first six months of the...
Court Named President of First American Property and Casualty in California
Aug 11 2014 // First American Property and Casualty Insurance Group has named James J. Court president of the company. Court is based in the company’s office in Santa Ana, Calif. Dirk McNamee assumes the role of vice...
Washington Artist Files Intellectual Property Suit Over ‘Angry Birds’ Pet Toys
Aug 7 2014 // A Seattle artist who designed a line of plush pet toys called “Angry Birds” is suing the company that sold them, saying it cheated her of millions of dollars when it reached a deal with the Finnish company that...
North Dakota State Fire and Tornado Fund Waives Premiums
Aug 5 2014 // The North Dakota State Fire and Tornado Fund (F&T) for the first time in its history will waive insurance premiums for its policyholders, the state insurance department announced “The State Fire and Tornado Fund...
Privately-Held Independent Property/Casualty Agencies
Aug 4 2014 // About This Report: Welcome to the 10th annual Insurance Journal Top 100 Independent Property/Casualty Agencies report. The Top 100 list is ranked by total property/casualty agency revenue for 2013 and comprises only those...
South Carolina Mandates Home Insurance Education, Disclosure
Aug 4 2014 // South Carolina Insurance Director Ray FarmerSouth Carolina Insurance Director Ray Farmer has issued a bulletin drawing the industry’s attention to the provisions of the Competitive Insurance Act passed this year. The...
UnitedHealth’s $173M Fine May Be Warning to P/C Insurers
Jul 30 2014 // A decision by California Insurance Commissioner Dave Jones to fine UnitedHealth Group $173.6 million for violations having to do with the Unfair Business Practices Act, the Unfair Insurance Practice Act and unfair claims...
Florida 1.3% Hurricane Tax to End in January
Jul 30 2014 // Florida regulators announced they are ending a 1.3 percent assessment on property insurance premiums 18 months ahead of schedule. The monies had been used to pay off bonds issued by the state’s hurricane catastrophe...
IFG Companies Names Doyle Managing Director in California
Jul 29 2014 // IFG Cos. named Dennis P. Doyle as managing director in its property department. Doyle will be based in the Los Angeles, Calif. area and will participate in the opening of IFG’s new office in that region. He will help...
Emig Joins IFG Companies’ Property Unit in Atlanta Office
Jul 24 2014 // James E. Emig has joined IFG Companies as director of its Bind Property unit, where he will be responsible for property and package business across the United States. Emig will be based in IFG’s Atlanta office. He...
Hanover Offers Insurance Advice for Parents Sending Kids to College
Jul 22 2014 // The Hanover Insurance Group advises that as new high school graduates get ready to head off to college, parents would be wise to prepare for potential risks and liabilities, and to consider the insurance...
Best Assigns Ratings to Starr Property & Casualty Insurance (China)
Jul 17 2014 // A.M. Best has assigned the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” to Starr Property & Casualty Insurance (China) Company, Limited (Starr China), formerly...
CFC Underwriting Launches Intellectual Property Product
Jul 16 2014 // Specialist lines underwriting agency CFC has launched an intellectual property product focused on small and medium sized companies. The product can cover the costs associated with a number of intellectual property...
Schmitz to Head XL Group’s Global Property Risk Engineering
Jul 16 2014 // XL Group has appointed Dave Schmitz to lead its global Property Risk Engineering Services, including XL Global Asset Protection Services, a network of risk engineers who provide on-site property risk analysis and support...
Fireman’s Fund Names Bailey National Practice Leader in Property
Jul 15 2014 // Fireman’s Fund Insurance Co. named Steven Bailey national practice leader in field underwriting for highly protected risks in large property. In this national role, Bailey brings his experience as an underwriter and...
Construction P&C Premiums Slump 10-30% Due to Overcapacity: Willis Report
Jul 15 2014 // “Overcapacity in the international construction, property & casualty markets in the first half of 2014 has resulted in rate reductions of up to 30 percent for commercial insurance buyers,” according to a...
