Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
What is it About the PRIS Designation
Dec 27 2011 // The Property Risk Insurance Specialist (PRIS) program is an intense, three-day study of all areas of property insurance developed by Insurance Partners Academy and contributed to by the Insurance Journal Academy of...
Vermont Mutual Appoints Property Risk Control Manager
Dec 22 2011 // Vermont Mutual Insurance Company, based in Montpelier, Vt., recently appointed industry veteran Donald Rung as property risk control manager. Rung has more than 33 years of loss control experience in the insurance industry...
Property Risk Insurance Specialist
Dec 21 2011 // The Property Risk Insurance Specialist (PRIS) program was developed by Insurance Partners Academy and is contributed to by the Insurance Journal Academy of Insurance. PRIS allows agents, brokers, underwriters, risk...
For Florida Gov. Scott, Insurance Fixes Are Legislative Priority
Dec 21 2011 // Gov. Rick Scott wants lawmakers to fix a pair of auto and property insurance issues that are costing Floridians hundreds of millions of dollars but have eluded resolution for more than a decade. The issue facing the...
Fact or Fiction? Insurance Tidbits of Known and Little-Known Information
Dec 16 2011 // Have you ever wondered how modern-day fire departments began? Or why agents buy E&O coverage? What about when the first business owners policy launched? These are just a few questions that Insurance Journal and Claims...
Property Rates on the Rise
Dec 16 2011 // Nearly half of the U.S. property insurance policies renewed in the current quarter have been at higher prices, brokerage Marsh said, adding fuel to an industry turnaround after years of declining rates. Marsh said 48...
Preparedness Stressed on 200th Anniversary of the New Madrid Earthquakes
Dec 15 2011 // On the 200th anniversary of the first tremors of the New Madrid earthquakes, which were several of the most powerful quakes the United States has ever experienced, an insurance industry-backed group is reminding consumers...
Texas School May Build Safety Wall After Shooting Injures Students
Dec 15 2011 // Dozens of law enforcement officers trudged through soggy brush near a South Texas middle school on Dec. 13 looking for casings and other evidence to help explain how two boys were shot while they were trying out for the...
Florida Gov. Scott Questions Citizens Insuring High-Risk Construction
Dec 8 2011 // Gov. Rick Scott said he is concerned about Florida’s state-backed property insurer providing discounted coverage on new construction projects in high-risk areas. Scott questioned Citizens Property Insurance Corp....
William Gallagher Associates in Boston Announces Promotions
Dec 6 2011 // William Gallagher Associates, a broker and risk management services provider, promoted Paula Cabral, Karen Cangemi and Meredith McCabe to the position of senior vice president. The brokerage firm also promoted Brendan...
Availability of Earthquake Insurance Increasing in Oklahoma
Dec 5 2011 // Two managing general insurance agencies have increased earthquake insurance coverage in Oklahoma in the aftermath of the 5.6 magnitude tremblor that occurred near Sparks on Nov. 5. The Oklahoma Insurance Department said...
Declarations
Dec 5 2011 // A Rebounding Market “This reduction in market share of Citizens is a great indicator that the homeowners insurance market as well as the commercial property insurance market in Louisiana is rebounding from the severe...
Property Insurance Rates on the Rise: Marsh
Dec 2 2011 // Nearly half of the U.S. property insurance policies renewed in the current quarter have been at higher prices, brokerage Marsh said on Friday, adding fuel to an industry turnaround after years of declining rates. Marsh...
Aon Introduces Tenant Rent Default Coverage
Dec 1 2011 // Aon has partnered with QBE Insurance Group to offer a product that will reimburse U.S. landlords for lost incomes when tenants default on rent payments. “Rent default coverage has been sold overseas for years, but...
Insurers Boost California’s Economy by $34.7 Billion
Nov 29 2011 // California’s a $1.9 trillion economy gets a multi-billion dollar boost from the property/casualty insurance industry, according to a report from the Insurance Information Institute issued Tuesday. In 2009, insurers...
Catastrophe Property Market Under Pressure: NAPCO
Nov 21 2011 // The catastrophe property market seems to be moving away from soft market pricing conditions, but weak insurance demand and too much capacity is limiting insurers’ pricing power, a new report says. “The industry...
Florida’s Scott Wants Ideas from Citizens by Dec. 6
Nov 21 2011 // Gov. Rick Scott wants the state-backed Citizens Property Insurance Corp. to recommend ways to shore up the troubled insurer. Scott, who prefers the insurer be sold to a private company, wants answers from the...
Wisconsin Trespasser Liability Bill
Nov 21 2011 // The Republican-controlled Wisconsin Legislature has passed a bill that would reduce property owners’ liability for a trespasser’s injuries or death. The Assembly passed the measure 80-15 on Nov. 3. The state...
Property Catastrophe Market to See Price Hikes: Lockton
Nov 17 2011 // Large catastrophe losses and the prospect of poor investment returns are paving the way for much tougher market conditions for commercial property insurance buyers, according to a new report The new report — the Lockton...
Torus Strengthens European P&C Platforms with New Appointments
Nov 17 2011 // Torus Insurance announced that it has “enhanced its offering in Europe with the appointment of Brian Byrnes as Senior Underwriter for General Property and Marco Sonntag as Senior Underwriter for Casualty.” They...
