Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
P/C Insurers’ CFOs Point to Hardening Markets: Towers Watson Survey
Oct 22 2013 // Chief financial officers with leading North American property/casualty insurers believe both property and casualty insurance markets are in the midst of hardening, according to a new North American Property & Casualty...
P/C Stock Valuations Unlikely to Improve Much in Near Term: Conning
Oct 10 2013 // While property/casualty insurance stock valuation levels are finally exceeding book values after four years of below-book levels, a near-term return to higher historical valuation levels is unlikely, according to a new...
Taiwan Insurers Have $10 Billion to Invest in Foreign Property
Oct 7 2013 // Taiwan insurers have the financial capacity to invest at least $10 billion in overseas properties after the island’s government relaxed rules in April on real estate investments abroad, according to an industry...
Energy Industry Liability May Cover Contamination Claims from Colorado Flooding
Oct 7 2013 // Colorado residents and businesses face devastating water inundation that many are dubbing a one-in-500-years weather event. Nearly 2,400 square miles were saturated with water causing massive dislocation and loss of life....
Underwriting, Investment Gains Boosted P/C Insurers’ Bottom Line in First Half 2013
Oct 3 2013 // Private U.S. property/casualty insurers’ net income after taxes rose to $24.5 billion in first-half 2013 from $17.2 billion in first-half of last year. Insurers’ overall profitability as measured by their...
Bill to Delay Flood Insurance Rate Hikes Stymied by Shutdown Politics
Oct 2 2013 // A bipartisan proposal to delay federal flood insurance rate hikes that took effect Tuesday is being stymied by a bitter congressional dispute over President Barack Obama’s signature health care law, Sen. Bill Nelson...
Deciphering the Texas Supreme Court’s Decision in Lennar v. Markel
Oct 1 2013 // When the Texas Supreme Court decides to look at controversial insurance coverage issues, you can assume that their decisions will never be boring. Such was the case in its Aug. 23 decision in Lennar Corp. v. Markel...
Flood Insurance ‘Sticker Shock’ Hits Floridians with New, Secondary Homes
Sep 26 2013 // When Colin and Joyce Elston bought their Florida dream home in May, they were confident they could afford the three-bedroom, two-bathroom ranch with a pool and a backyard overlooking the Intracoastal Waterway. Now they are...
Tech Firm Trōv Promises to Reinvent ‘Insurance to Value’ for P/C Industry
Sep 25 2013 // A high tech start-up is promising to raise the standard for determining “insurance to value” by giving property/casualty insurance companies and brokers access to real-time data on their upscale insureds’...
Opinion: Energy Industry Liability May Cover Contamination Claims From Colorado Flooding
Sep 24 2013 // Colorado residents and businesses face devastating water inundation that many are dubbing a one-in-500-years weather event. Early reports confirm nearly 2,400 square miles saturated with water causing massive dislocation...
Fireman’s Fund Launches New Commercial Property Form for Highly Protected Risks
Sep 24 2013 // Fireman’s Fund Insurance Co. has launched Property-Gard Pinnacle, a new commercial property form that integrates new coverages and policy format with existing protection for highly protected risk (HPR)...
Capital Insurance Group to Offer Premium Credits for Apartment Buildings, Condos
Sep 23 2013 // Capital Insurance Group (CIG), a regional property and casualty insurer serving the Western U.S., has released three new 2 percent total premium credits for commercial apartment and condominium lines. The Stovetop...
Good Times in Surplus Lines
Sep 23 2013 // Wholesalers Thrive Amid Change The surplus lines industry is letting the good times roll. Well, not exactly. But times are good and getting better for wholesalers and insurers doing business in the specialty insurance...
Deciphering the Texas Supreme Court’s Decision in Lennar v. Markel
Sep 23 2013 // When the Texas Supreme Court decides to look at controversial insurance coverage issues, you can assume that their decisions will never be boring. Such was the case in its Aug. 23 decision in Lennar Corp. v. Markel...
Louisiana Citizens Lowering Commercial Property Rates
Sep 23 2013 // The property insurer of last resort in Louisiana plans to lower rates for commercial policyholders. The 352 commercial policyholders Louisiana Citizens Property Insurance Corp. covers in coastal areas.would see rates drop...
Mississippi Man Charged with Property Insurance Fraud
Sep 18 2013 // A Washington County, Mississippi man has been charged with three counts of insurance fraud involving property claims. Attorney General Jim Hood said in a news release that 31-year-old Oliver Johnson of Greenville was being...
Groups Object to Florida’s Citizens Insuring Out-of-State Policyholders
Sep 18 2013 // A coalition of Florida business and consumer groups is objecting to the state-backed property insurer providing coverage for 180,000 individuals who reside outside of the state and, in some cases, the country. The Stronger...
Violent, Property Crimes Decreased in 2012: FBI
Sep 16 2013 // The FBI estimates that in 2012, the number of violent crimes increased 0.7 percent while property crimes decreased 0.9 percent, the tenth straight year of declines for these offenses, collectively. The 2012 statistics show...
Louisiana Citizens Lowering Commercial Property Rates
Sep 16 2013 // The state-run property insurer of last resort in Louisiana plans to lower commercial rates. The Advocate reports the bulk of those cuts would benefit the 352 commercial policyholders Louisiana Citizens Property Insurance...
Commentary: ‘Prevention Is Better Than Cure’ in Property Insurance Disputes
Sep 11 2013 // Although the notion of a binding agreement between two parties dates back to ancient times, the doctrine of contracts has evolved through the years to meet the needs of modern times. In 1911, Judge Learned Hand defined...
