Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
Florida Lawmakers OK Clearinghouse for Citizens Business; Agents Face Changes
May 6 2013 // Florida lawmakers approved legislation that seeks to slow the growth of the state-backed property insurer by diverting new policies into the private market while largely retaining the status quo for the insurer’s...
2013 Super Regional Insurers
May 6 2013 // Demotech Inc. Reveals Leading Multi-State Property/Casualty Insurers The original criteria and objective definition for Super Regional P/C Insurers™ was established in the Feb. 12, 2007, issue of Insurance Journal. Prior...
AIG Reports P/C Underwriting Gain for Q1
May 2 2013 // American International Group Inc.’s property and casualty business booked its first underwriting profit in two and a half years during the first quarter, as the insurer wrote more premiums at higher prices and...
AJ Gallagher Acquires UK’s Property & Commercial Limited
May 2 2013 // Arthur J. Gallagher announced the acquisition of UK-based Property & Commercial Limited from Barbon Insurance Group. Terms of the transaction were not disclosed. “This insurance business provides retail and...
Demand, Rates for Terrorism Insurance Coverage Remain Steady: Marsh
Apr 30 2013 // The recent bombing at the Boston Marathon serves as a reminder that mass violence remains a critical threat for organizations, say experts at insurance brokerage Marsh, which just issued its latest report on sales of...
AIG Names Johnson to Succeed Bresnahan as Lexington Insurance President
Apr 29 2013 // American International Group Inc. (AIG) has named Jeremy Johnson as president and chief executive officer of its excess and surplus (E&S) lines unit, Lexington Insurance Co. in Boston. Johnson replaces David Bresnahan,...
‘Business As Usual’ Following Departures of AIG Execs
Apr 29 2013 // American International Group (AIG) has no intention of changing its excess and surplus lines business following the departure of four of its key commercial lines executives for Berkshire Hathaway. “It’s...
The Hartford Appoints Chief Claims Officer
Apr 25 2013 // The Hartford recently named John Kinney as the company’s chief claims officer and also as president of Heritage Holdings, a unit which oversees The Hartford’s domestic and international property/casualty...
50 Top Apps For Independent Agents
Apr 22 2013 // Mobility technology is changing the way the insurance industry operates. And when it comes to working on the go, nothing is as important as mobile device applications. But what apps do independent agents use most? What...
Fertilizer Explosion Response Team Includes Texas Insurance Department
Apr 18 2013 // The Texas Department of Insurance (TDI) reports it is working in conjunction with other public agencies in responding to the April 17 fire and explosion at a fertilizer facility in West, Texas, which resulted in...
Audit Says Louisiana May Owe Feds for Misspent Storm Aid
Apr 18 2013 // Louisiana may owe the federal government more than $115 million for disaster relief aid that was misspent or awarded to ineligible recipients after hurricanes Katrina and Rita, a state audit said. The legislative auditor...
New Jersey Official: State to Buy Flood-Prone Homes in ’13
Apr 17 2013 // New Jersey officials plan to unveil a plan in the next two to three weeks for buying out roughly 1,000 flood-prone homes from owners who want to sell them, a state Department of Environmental Protection spokesman said...
14 Keys to Insuring Water-Related Entities
Apr 4 2013 // Water is a precious natural resource entrusted to water entities across the country. These entities include public and private water companies, irrigation companies, conservation districts and more. They face many...
Florida’s Lighthouse Property Names Bright as Manager of Operations
Apr 4 2013 // Lighthouse Property Insurance Corp. in Orlando, Fla., has promoted Sidney Bright to manager of operations to oversee the insurer’s claims information and policy administration. Before the promotion, Bright served as...
Gallogly Joins Florida’s Lighthouse Property Insurance
Apr 2 2013 // Lighthouse Property Insurance Corp. has named Loren Gallogly as a new manager of sales and marketing charged with expanding the insurer’s sales in South Carolina and Louisiana. Gallogly has 30 years of experience in...
More Than 300K Homes Are Foreclosed ‘Zombies’
Apr 2 2013 // A national survey found 301,874 “zombie” properties dotting the U.S. landscape in which homeowners in foreclosure have moved out, leaving vacant property susceptible to vandalism and degradation. Florida tops...
Hiscox Bermuda Appoints Lazzaro to U.S. Property Cat Team
Apr 2 2013 // Hiscox Bermuda announced that it has expanded its US property catastrophe team with the appointment of Bill Lazzaro as Vice President – Underwriting. He joins Hiscox from Aon Benfield where he held a variety of roles...
How Obamacare Could Affect P/C Insurance
Mar 28 2013 // The key changes in federal health care reform remain months away but property/casualty actuaries are already trying to determine what impact they will have on their own lines of business, particularly workers’...
Louisiana Citizens Borrowing Plan Stalls in Bond Commission
Mar 25 2013 // State officials stalled a decision on whether Louisiana’s property insurer of last resort should borrow $100 million to help close an anticipated budget gap. The Bond Commission, which includes lawmakers and...
Dunes vs. Property Rights in Storm-Battered New Jersey
Mar 21 2013 // The sand dune that ruined Harvey and Phyllis Karan’s view of the ocean allowed their beachfront home to see another day when Superstorm Sandy’s surge crashed ashore. They still want the $375,000 a court awarded...
