Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
PIA: Agencies See Significant Underwriting Changes in Homeowners Market
May 22 2013 // The Professional Insurance Agents’ (PIA) recent survey of more than 400 independent agencies showed significant market changes in the Northeast — with the homeowners insurance and commercial property market...
Property Market Stayed Stable in Q1; Sandy Effect on Rates Muted: Marsh
May 22 2013 // The property insurance market remained relatively stable and competitive in the first quarter of 2013, with few changes to limits purchased and deductibles, according to a benchmarking report from broker Marsh. Superstorm...
Daucourt Joins XL Group as COO Int’l. Property/ Casualty
May 22 2013 // XL Group announced the appointment of Thierry Daucourt as Chief Operating Officer of its International P&C Insurance business. He will be responsible for supporting the unit’s Chief Executive, Jason Harris, in...
Maine Legislature Votes Down Vacant Property Insurance Bill
May 21 2013 // The Maine Legislature last week voted down a bill that sought to place stricter requirements on home insurers’ use of exclusions for losses on vacant homes. The bill LD 1413 (“An Act to Clarify Limitations on...
XL Group Launches New Motor Cargo Truck Coverage
May 21 2013 // XL Group has added to its inland marine business with customizable coverage for mid-to-large size trucking operations in North America. Motor truck cargo coverage solutions includes flexible limits on 23 additional...
Court Nixes Mississippi Property Owners’ Greenhouse Gases Damages Suit
May 20 2013 // A federal appeals panel has upheld the dismissal of a lawsuit filed by a group of Mississippi Gulf Coast residents and landowners who alleged that emissions by energy companies contributed to global warming, which...
Golf and Country Clubs Weather the Storm
May 20 2013 // Snow in October, hurricanes in the Northeast and record-setting “derechos” in the Ohio Valley and Mid-Atlantic regions are a sampling of the unusual weather that is changing the way insurance carriers evaluate...
50 Top Apps for Independent Agents
May 14 2013 // Mobility technology is changing the way the insurance industry operates. But 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...
Hail Storm Damage to Mississippi Government Property Estimated at $25 Million
May 10 2013 // The Mississippi Law Enforcement Officers Training Academy in Pearl isn’t the most aesthetically appealing place to train officers these days, its director, Pat Cronin, concedes. The March 18 hailstorms that struck...
Illiniois-Based RLI Announces Leadership Promotions
May 8 2013 // Specialty insurer RLI Corp., based in Peoria, Ill., announced a number of promotions within its operations and underwriting team. Craig Kliethermes, senior vice president, risk services, has been promoted to executive vice...
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...
