Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
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...
Florida-Based Lighthouse Property Insurance Names Moore Executive VP
Sep 10 2013 // Lighthouse Property Insurance Corp. reported that Scot Moore has been named as the firm’s new executive vice president. Moore’s accounting career began in 1986 with KPMG Peat Marwick and he has worked in the...
Property Auctioned in Wisconsin Insurance Fraud Case
Sep 9 2013 // Fur coats, diamonds and Rolex watches were among hundreds of items once owned by a pair of Wausau, Wis., insurance executives that have been auctioned off to pay for their multimillion-dollar fraud scheme. Federal agents...
Federal Flood, States’ Wind Plans Need Further Reforms
Sep 9 2013 // A recent report from the Union of Concerned Scientists, a watchdog group, calls for further reforms to flood and wind insurance programs to discourage risky development and help reduce risk and taxpayer costs. The report,...
Wells Media Launches Carrier Management Print Magazine
Sep 4 2013 // Wells Media Group Inc. has launched a new print publication, Carrier Management Magazine, for property/casualty (P/C) insurance executives. This magazine launch follows the spring debut of the website,...
W.R. Berkley’s FinSecure Appoints P/C Chief Underwriting Officer
Sep 4 2013 // FinSecure — a W.R. Berkley Corp. member company that focuses on insurance for financial institutions — announced that Elizabeth Loft Good has joined the company as vice president and chief underwriting officer...
Insurers Have Paid $1.2M for Boston Bombing P/C Claims So Far; Health Claims to Top $22M
Aug 30 2013 // The Massachusetts Division of Insurance says that so far, 207 Boston Marathon bombing-related property/casualty claims have been reported by the top 25 insurers and the residual market insurer Massachusetts FAIR...
Cochrane & Company Combines Property, GL Coverage for Shooting Sports Program
Aug 29 2013 // Cochrane & Company has combined general liability and property insurance for its ARMS program for the shooting sports industry, which includes ammunition, firearms manufacturing, and all supporting specialties. The...
Liberty Mutual Commercial Unit Names Martin to Head National Property
Aug 26 2013 // Liberty Mutual Insurance’s Commercial Insurance strategic business unit has appointed Mike Martin as executive vice president and general manager, National Insurance Property. Martin will lead a unit that provides...
FM Global Advises Property Owners to Be Proactive, Address Vulnerabilities
Aug 22 2013 // Business property insurer FM Global is urging property owners to take active measures now to help prevent potential storm losses as the peak of hurricane season approaches. “A big lesson from Hurricane Sandy is that...
Hurricane Sandy Rebuilding Task Force Addresses Insurance Challenges
Aug 20 2013 // The Hurricane Sandy Rebuilding Task Force, led by the U.S. Department of Housing and Urban Development, issued a report Monday that provides recommendations for mitigating harm from future storms. Recommendations include...
Mississippi Coast Property Owners Told to Buy Flood Insurance Now to Save
Aug 20 2013 // With the eighth anniversary of Hurricane Katrina near, homeowners along the Mississippi Coast also have to brace for possible rate increases of 20 percent for flood insurance and 3.2 percent for wind pool insurance. The...
