Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
Recalling the Florida Sinkhole Tragedy
Mar 10 2014 // Chuck Holloway didn’t sleep well for a week after a sinkhole swallowed his neighbor Jeffrey Bush in Seffner last year. “And neither did anyone else around here,” he said from his front patio. February 28...
The Future of Drones in the Insurance Industry
Mar 7 2014 // After a catastrophe hits, mobile units filled with adjusters are on site to evaluate property damage. Flash forward five years and an insured may never meet the property adjuster handling his or her claim. Instead, a drone...
House Passes Flood Insurance Bill; Key Senators Sign On
Mar 4 2014 // The U.S. House of Representatives Tuesday evening passed legislation to curb some of the premium increases in the nation’s flood insurance program that have been causing “sticker shock” for property...
Florida Sinkhole Tragedy: One Year Later
Feb 28 2014 // Chuck Holloway didn’t sleep well for a week after a sinkhole swallowed his neighbor Jeffrey Bush in Seffner last year. “And neither did anyone else around here,” he said from his front patio...
Louisiana Property Policyholders Urged to File for Citizens Insurance Rebate
Feb 27 2014 // Louisiana Insurance Commissioner Jim Donelon is once again reminding property insurance policyholders that tax season is one of the easiest times to claim the Louisiana Citizens Property Insurance Assessment rebate. At a...
MacDonald to Head Miller’s New Combined P&C Team
Feb 27 2014 // UK specialist insurance and reinsurance broker Miller Insurance Services LLP announced that it is combining its property and casualty specialists into one business area headed by Ken MacDonald. Miller said the new...
Georgia Recovers $1M from Drivers, Insurers for Damage to State Property
Feb 27 2014 // State transportation officials say an initiative to recover money to pay for damage to state property in traffic accidents has netted the agency more than $1 million. GDOT officials say annual damages to state property —...
Northeast PIA Survey Shows Prices Rising, But at Slower Pace
Feb 24 2014 // In the first month of 2014, the PIA affiliates in Connecticut, New Hampshire, New Jersey and New York conducted their second-annual Market Trends Survey and found that the heralded hard market may not be launching as...
Indiana Homeowners Fear Flood Insurance Sticker Shock
Feb 21 2014 // Homeowner Wally Cantrell’s finished basement was destroyed in the June 2008 flood in Columbus, Ind., but his flood insurance policy helped cover a good bit of the repairs. Now, Cantrell wonders if he will soon face a...
How ACA Healthcare Law Could Affect P/C Insurance Costs and Claims
Feb 21 2014 // The property/casualty insurance industry is likely to face cost shifting by hospitals, physicians and other medical providers due to the Patient Protection and Affordable Care Act (ACA), according to an insurance industry...
AXA Profit Rises 10% in 2013 on Life, Property and Casualty
Feb 21 2014 // AXA SA, Europe’s second-largest insurer, posted a 10 percent increase in 2013 profit on higher earnings at its life and savings and property and casualty divisions. Net income rose to €4.48 billion ($6.15 billion)...
ACE Names Bengtsson, Stensholt to Strengthen Nordic Operations
Feb 20 2014 // The ACE Group announced two management appointments as part of a program of investment to further strengthen its proposition for corporate clients across the Nordic region. Both appointments are effective immediately. ACE...
Ascot Underwriting Limited Appoints American Claims Management to Manage Commercial Property Program
Feb 20 2014 // San Diego, Calif. (02/20/2014) – American Claims Management Inc. (ACM), a national third party administrator (TPA), is pleased to announce that effective January 1, 2014, it began claims handling for the Commercial...
Flooded U.K. Homeowners Face Declining Values: No Mortgages or Insurance
Feb 19 2014 // Homeowners in some of Britain’s wealthiest districts face a drop in property values and the prospect their homes may be uninsurable as record floods blight towns along the River Thames. About 5,800 homes have been...
AIG Cutting Jobs, Moving Others to Lower Cost Cities
Feb 14 2014 // American International Group Inc. Chief Executive Officer Robert Benmosche is increasing returns for shareholders as he targets job cuts to simplify the firm. AIG boosted its quarterly dividend by 25 percent to 12.5 cents...
Kemper Corp. Realigns P&C Group
Feb 12 2014 // Kemper Corp. is realigning its property & casualty business. This realignment will result in one property & casualty segment for financial reporting purposes, beginning with the first quarter 2014. The new Kemper...
Insured Property Losses for Central Texas Halloween Floods Top $30M
Feb 11 2014 // Final figures released by the Federal Emergency Management Agency (FEMA) show that insured losses to residential and commercial property from flood waters which swamped Central Texas on Halloween night 2013 totaled...
How to Encourage Private Sector Flood Insurance
Feb 10 2014 // New technologies and a better understanding of flood risk may have increased private insurers’ interest in providing flood insurance but real obstacles remain to the private sector getting involved. The obstacles...
South Carolina Livability Courts Settle Neighborhood Complaints
Feb 7 2014 // Sitting in Judge Alesia Rico Flores or Judge Michael Molony’s courtroom in Charleston or Judge Debra Jackson’s in Florence, defendants and onlookers realize that while these municipal courts uphold the rule of...
Cowles & Connell of N.J. Adds Dooskin as Property/Casualty Broker
Feb 6 2014 // Cowles & Connell of N.J. announced the addition of Darren Dooskin to the position of associate vice president and property/casualty broker. Dooskin will be responsible for the marketing and production of...
