Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
What Killed PIP and Citizens Reform?
Jun 6 2011 // P/C Industry Wins Some, Loses Some in Scott’s First Session It is axiomatic in Florida that when it comes to the legislature and insurance issues, the power brokers play to the last 72 hours. No matter how many...
Intellectual Property Insurance: Coverage that Fits the Risk
Jun 6 2011 // Many companies are unaware that the insurance they purchase may not protect their most valuable assets, intellectual property (IP). That’s because most insurance policies exclude intellectual property, especially...
Florida Braces as RMS Model Makes Landfall
Jun 6 2011 // Storm Model Hits Inland Territories; Could Alter Property Insurance Political Landscape Florida’s history with hurricanes has created a series of assumptions long treated as facts, none of which is more quoted than...
A.M. Best Downgrades Ratings of State Auto Insurance Companies
Jun 2 2011 // A.M. Best Co. has downgraded the financial strength rating (FSR) to A (Excellent) from A+ (Superior) and issuer credit ratings (ICR) to “a+” from “aa-” of Columbus, Ohio-based State Auto Insurance...
Best Affirms Travelers and Subsidiaries Ratings
May 27 2011 // A.M. Best Co. has affirmed the financial strength ratings (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa” of Travelers Group and its property/casualty members, and affiliates,...
Website Helps Homeowners Manage Property, Connect to Insurers, Contractors
May 26 2011 // YourHomeStuff, a community connecting website designed specifically for homeowners has launched at www.yourhomestuff.com. YourHomeStuff simplifies the process of maintaining and protecting a home, and managing family and...
Travelers Expands Coverage for Healthcare Organizations
May 25 2011 // Travelers has unveiled new property coverages through its IndustryEdge product for healthcare organizations. New coverages include: Ordinance or Law – Communicable Disease Contamination Coverage – This coverage pays...
Violent, Property Crimes Dropped in 2010: FBI
May 24 2011 // Violent crime is down 6.2 percent and property crimes have decreased 2.8 percent in the U.S., according to the latest government statistics. Also, arson offenses, which are tracked separately from other property crimes, is...
Lexington to Insure Alternative Energy Tax Credits
May 18 2011 // Lexington Insurance Co., a Chartis company, has introduced ITC Energy – 48SM, its energy investment tax credit insurance program, which consists of ITC Energy-48SM Mobile Property Insurance and ITC Energy-48 SM...
Florida Gov. Scott Signs Property Insurance Cost Control Bill
May 17 2011 // Florida Gov. Rick Scott has signed into law legislation that promises to lower costs for the state’s property insurers, including what they pay on sinkhole claims. While the memory of former Governor Charles...
Verisk Catastrophe Index Now Covers U.S. Earthquake Risk
May 17 2011 // The Verisk Catastrophe Index has been expanded beyond the hurricane peril to also cover U.S. earthquake risk, including fire following earthquake. The index provides industry-wide insured property loss estimates by county...
USG Adds MacLachlan as Property Broker
May 16 2011 // USG Insurance Services Inc., a national wholesale broker of commercial insurance, has added Douglas MacLachlan as a property broker, out of the Palatine, Ill., office. MacLachlan most recently held a position as a property...
Firms Fail to Grasp Intellectual Property Risks: Marsh/LIU Report
May 16 2011 // Global businesses do not understand the intellectual property risks facing their organizations or the value of their intangible assets, a new report says. Three-quarters of organizations are unable to identify the...
2011 Super Regional P/C Insurers™
May 16 2011 // Demotech Inc. Reveals Leading Multi-State P/C Carriers The original criteria and objective definition for Super Regional P/C Insurers™ was established in the Feb. 12, 2007 issue of Insurance Journal. Prior to the...
Business Losses Due to ‘Action’ by Civil Authorities: When Is There Coverage?
May 16 2011 // Virtually all insurance policies contain provisions and exclusions dealing with events that most insureds consider so remote and unlikely that they rarely give any thought to their possible occurrence, much less what...
Florida Lawmakers Approve Property Reform
May 16 2011 // In the closing days of Florida’s legislative session, lawmakers approved a bill that addresses sinkhole claims and a number of other property insurance issues. In addition to redefining sinkhole losses, the measure...
2011 Super Regional Property/Casualty Insurers™
May 16 2011 // Alphabetical listing Acuity a Mutual Insurance Co. AIU Insurance Co. Alaska National Insurance Co. American Commerce Insurance Co. American Family Mutual Insurance Co. American Hallmark Insurance Co. of TX American...
People
May 16 2011 // J. Smith Lanier & Co. has appointed Rosemary Blair as the new senior vice president of its International Practice. Based out of J. Smith Lanier’s Atlanta office, Blair will assist producers with their...
Outlook Negative but ‘A’ Rating Affirmed for Motorists Insurance Pool
May 13 2011 // A.M. Best Co. has revised the outlook to negative from stable and affirmed the financial strength rating (FSR) of A (Excellent) and issuer credit ratings (ICR) of “a” of The Motorists Insurance Pool (Motorists...
Florida’s Citizens Property Insurance Boosts Reinsurance
May 13 2011 // Florida’s state-backed property insurance company is shoring up its ability to pay claims to home and business owners should a major hurricane or series of storms hit the state this year. For the first time in three...
