Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
Montana Families Sue Over Prescribed Fire, Property Damage
Jun 15 2012 // Three families have filed a lawsuit against the U.S. Forest Service alleging an August 2010 prescribed burn got out of control near Lincoln, causing the “total destruction” of their property. The Independent...
Commercial Insurance Prices Continue to Rise: Towers Watson
Jun 11 2012 // Commercial insurance prices in aggregate increased by nearly five percent during the first quarter of 2012, the fifth consecutive quarter that prices rose. In addition, commercial insurers’ loss ratios stabilized for...
Wildlife Groups Call for Florida Property Insurance Reforms
Jun 4 2012 // Taking the position that Florida’s heavily-subsidized property insurance market is leading to over-development along the state’s coastline, wildlife groups are calling on state lawmakers to make reforms even if...
Best Affirms State Farm Mutual, Affiliates & Subs Ratings
Jun 4 2012 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A++’ (Superior) and issuer credit ratings (ICR) of “aa+” of State Farm Mutual Automobile Insurance Company (SFMAIC) and its...
Near National Property/Casualty Carriers Identified for 2012
Jun 4 2012 // The Demotech Company Classification System categorizes insurers into one of 11 categories based on an analysis of data reported by the companies to the National Association of Insurance Commissioners. The 11 categories...
Mass. Tornadoes in 2011 Caused $200M in Insured Damages
Jun 4 2012 // Massachusetts officials said that insurers so far paid out $200 million in claims related to devastating tornadoes in western and central Massachusetts that occurred on June 1, 2011. The Massachusetts Insurance Division...
What Do Millennials Want?
Jun 4 2012 // Flexibility, Balance, Respect and Accessibility Are Important, Studies Find There’s a lot of talk in property/casualty insurance circles these days about how the industry is going to replace the huge wave of baby...
The Next New Thing: Coverage Issues from Fracking Claims
May 25 2012 // Every few years it seems that there are predictions a new type of claim that threatens to engulf carriers. In the 1980s and 1990s it was environmental clean up claims and SuperFund, followed shortly by asbestos, the fear...
Assurant Specialty to Hire Up to 100 Workers in Gwinnett County, Ga.
May 23 2012 // Assurant Specialty Property, a provider of insurance services, said this week it is hiring as many as 100 new employees at its customer service centers in Gwinnett County, Georgia. The company is hiring part-time and...
Insurers Paid $200M to Victims of June 1, 2011 Massachusetts Tornadoes
May 23 2012 // Massachusetts officials said that insurers so far paid out $200 million in claims related to devastating tornadoes in western and central Massachusetts that occurred on June 1, 2011. The Massachusetts Insurance Division...
The Next New Thing
May 21 2012 // Coverage Issues from Fracking Claims Every few years there are predictions of a new type of claim that threatens to engulf carriers. In the 1980s and 1990s it was environmental clean up claims and SuperFund, followed...
Let the Games Begin
May 21 2012 // Insurance Coverage for the 2012 Olympic Games Is a Herculean Task Before the 2012 Olympic Games open in London on July 27, the city will already have experienced an unprecedented round of preparations, notably the...
Business Moves – Midwest
May 21 2012 // Neace Lukens, Matrix Benefits Neace Lukens has completed its acquisition of Matrix Benefits and Consulting Group, a Ft. Wayne, Ind.-based consulting firm. Matrix employees will report to the Neace Lukens Indianapolis...
Louisiana Property Market Rebounds
May 21 2012 // Louisiana Insurance Commissioner Jim Donelon told an Alexandria civic club that the state’s property insurance market is “more competitive than ever.” Speaking to the Alexandria Rotary Club about the...
Glisson Named to Board of Florida’s Citizens Property Insurance
May 15 2012 // Don Glisson, Jr., chairman and CEO of Triad Financial Services, Jacksonville, Florida, has been appointed to serve as a member of the board of governors of the state-backed Citizens Property Insurance Corp. Florida Chief...
Best Affirms Travelers and Subs ‘A+’ Ratings
May 11 2012 // A.M. Best Co. has affirmed the financial strength ratings (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa” of the property/casualty subsidiaries of The Travelers Companies, Inc....
Louisiana Commissioner: Property Insurance Market Has Recovered
May 10 2012 // Louisiana Insurance Commissioner Jim Donelon told an Alexandria civil club that the state’s property insurance market is “more competitive than ever.” The Town Talk reports Donelon spoke on May 8 to the...
Property Insurance Rates Continue to Firm: Marsh
May 7 2012 // Global property insurance rates continued to firm in the first quarter of 2012 and there are forces at play that will likely continue the trend, according to a recent report from insurance broker Marsh. Despite the absence...
Rate Hike Proposal Goes to TWIA Board
May 7 2012 // In advance of the June 1 start of hurricane season, the actuarial underwriting committee of Texas’ property insurer of last resort for coastal counties is recommending a rate increase. The committee on April 20...
2012 Super Regional P/C Insurers™
May 7 2012 // Demotech Inc. Reveals Leading Multi-State P/C Carriers The original criteria and objective definition for Super Regional P/C Insurersª was established in the Feb. 12, 2007, issue of Insurance Journal. Prior to the...
