Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
Property Focus
Feb 25 2013 // Self-promotion is not a trait a lot of people respect, but when you think you really have something to offer, there’s no harm telling folks about it. Is there? Starting on page 22 guest columnist Carl Morello, vice...
Building Updates: Aging Electrical Systems
Feb 25 2013 // The Agent’s Role as Advisor and Risk Manager Editor’s note: This is the first of a three-part series to explain insurers’ requirements for building updates and to help agents advise clients on mitigating...
Wells Media Launches ‘Carrier Management’ For P/C Insurance Executives
Feb 22 2013 // Without a single headline referring to a hardening property/casualty insurance market, Wells Media Group has launched a new website—CarrierManagement.com—a business management publication focusing on the needs of...
Louisiana Property Owners Urged to Claim Citizens Assessment Rebate
Feb 21 2013 // Nearly two-thirds of Louisiana Citizens Property Insurance Corp. (Citizens) rebates that are available to policyholders are unclaimed, according to state Insurance Commissioner Jim Donelon. Donelon and Department of...
Ghost of Charlie Crist Haunts Insurance Reform
Feb 15 2013 // It has been more than two years since the adults regained control of Florida, yet the specter of the Charlie Crist days of demagoguery, populism-at-any-cost and overall political buffoonery looms heavy over the state...
EPIC Adds Descalso as Principal in Northern California
Feb 14 2013 // Edgewood Partners Insurance Center named George Descalso as a property and casualty insurance producer and principal in its San Mateo, Calif., office. Descalso’s responsibilities include the acquisition of new...
Aspen Posts $2 Mn Q4 Net Income; FY $280.4 Mn; No Plans to Exit U.S. Property
Feb 13 2013 // Bermuda-based Aspen Insurance Holdings Limited reported net income after tax of $2.0 million for the fourth quarter of 2012, compared to $12.4 million in Q4 2011. After tax net income for the full year was $280.4 million,...
Wilson to Advise Lockton Clients on Property Claims
Feb 13 2013 // Lockton Companies has named Sheri Wilson as national property claim director to advise Lockton clients on complex property insurance claims. She is based in the insurance broker’s Dallas, Texas, office and serves as...
Florida Lawmakers Unveil Property Reform Proposals
Feb 11 2013 // Florida lawmakers’ first draft of a property reform emphasizes depopulating and diverting policies from Citizens Property Insurance Corp., the state-backed property insurer that has 1.3 million policyholders. The...
Alabama Warns Hundreds of Insurers to Register or Face Fine
Feb 8 2013 // Hundreds of property/casualty insurance companies have not registered with Alabama regulators as required, prompting the state insurance department to issue a warning and extend the registration deadline to March 31. The...
Liz Henderson Joins ASL FL as Property/Casualty Producer
Feb 4 2013 // Clearwater, FL, 02/04/13 – In alignment with the corporate initiative for growth of the company’s presence in Central Florida, Atlantic Specialty Lines of Florida , Inc. has added Liz Henderson, AAI, AIS to...
Florida Senate Democrats to Oppose Property Insurance Rate Hikes
Jan 31 2013 // With Florida lawmakers expected to consider formal changes to the state’s property insurance market next week, state Democrats are signaling that they will likely oppose any measure that results in higher...
Florida Senate to Unveil Property Insurance Reforms
Jan 31 2013 // Florida lawmakers are planning next week to release a draft version of a property insurance reform bill. The Senate Banking and Insurance Committee has taken the lead on property insurance reform this year and so far has...
U.S. Commercial Insurance Prices to Firm in 2013: Marsh
Jan 30 2013 // Rates for commercial lines insurance will continue to rise in 2013 thanks to above average losses, low investment returns and receding reserve releases. However, according to a new report published by Marsh, traditional...
Burand’s Agency E&O Blog: Tip #21
Jan 30 2013 // Do you always verify exposure changes at renewal? The genesis of a common E&O claim is when a commercial client changes their operations and the agency does not catch this at renewal. These claims can be property or...
Demand Surge Not An Issue For Sandy; Property Losses Near $19B
Jan 28 2013 // Although demand surge was an issue for the property/casualty industry following a trio of hurricanes in 2005, for Superstorm Sandy the demand-surge impact is minimal so far, an expert said recently. There has only been a...
Best Affirms AIG, U.S. Property/Casualty Subs Ratings; Outlook Stable
Jan 28 2013 // A.M. Best Co. has affirmed the issuer credit rating (ICR) of “bbb” of New York-based American International Group, Inc. (AIG), as well as the financial strength rating (FSR) of ‘A’ (Excellent) and...
After the Storm: Agents’ E&O Lessons Learned
Jan 28 2013 // More often than not, a second wave of claims against insurance agents by their clients follows a natural disaster. For the most part, the types of allegations and claims that surface after a catastrophe are the same as...
Business Moves – Midwest
Jan 28 2013 // Willis North America Willis North America, a unit of global insurance broker Willis Group Holdings, has relocated its Cleveland, Ohio office to 1001 Lakeside Ave., Suite 1600. Willis established a presence in Ohio more...
Florida Regulator McCarty Offers Reform Map to Smaller Citizens Property Insurance
Jan 25 2013 // Florida’s insurance commissioner has proposed a set of reforms designed to return the state-back property insurer to being a residual market, while at the same time offering the private insurance market incentives to...
