Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
P/C Insurers Post First Half Profit Despite Underwriting Losses
Sep 16 2010 // Private U.S. property/casualty insurers’ net income after taxes rose to $16.5 billion in first-half 2010 from $6 billion in first-half 2009, with insurers’ overall profitability as measured by their annualized...
RMS Estimates Insured Losses for NZ Quake at $1.5 to $2.5 Billion
Sep 15 2010 // Following detailed analysis of property damage from the Darfield, New Zealand, earthquake, Risk Management Solutions said it “estimates that total insured losses will fall between NZD 2.1 billion (US$ 1.5 billion)...
AAIS Revises Watercraft Coverage Programs, Offers 2-for-1
Sep 13 2010 // Property/casualty insurers now have access to two standardized watercraft coverage programs for the cost of one. The American Association of Insurance Services (AAIS) has released revised forms and new manual rules and...
Florida Arrests Alleged Citizens Property Scammer
Sep 13 2010 // Florida Chief Financial Officer Alex Sink today announced the arrest of Aylin Hernandez, 23, of Miami, for fraudulently diverting mail and stealing payments intended for Citizens Property Insurance Corporation. Hernandez...
Insurance Could End Oregon Civil War Re-Enactments
Sep 7 2010 // A battle over liability insurance coverage for groups using Oregon state property is brewing, and the Northwest Civil War Council is right in the middle of it. In 2009, the Oregon State Legislature passed Senate Bill 311,...
Distressed and Vacant Properties Fill a Void for Insurers
Sep 6 2010 // The vacant and distressed property segment, which was barely thought of two years ago, has been a beacon of light for insurers. This class has boomed in the past couple years as the economy has forced the closure of many...
$275M in Louisiana Property Insurance Assessment Refunds Unclaimed
Sep 6 2010 // More than $275 million in special property insurance assessments have not been reclaimed, and Louisiana policyholders will lose that money if they don’t act before the year is over, according to the Louisiana...
Distressed and Vacant Properties Fill a Void for Insurers
Sep 6 2010 // The vacant and distressed property segment, which was barely thought of two years ago, has been a beacon of light for insurers. This class has boomed in the past couple of years as the economy has forced the closure of...
People
Sep 6 2010 // The California State Compensation Insurance Fund named Tom Rowe president, CEO and member of the Executive Committee. He will report directly to the board of directors and is responsible for the day-to-day operations of...
A Wealth of Risks
Sep 6 2010 // Serving High Income Clientele For insurance agents, there is a lesson to be learned from Hulk Hogan – particularly about the pitfalls of selling coverage to wealthy clients. The well-known, ex-professional wrestler...
North Carolina Commissioner Urges Preparation
Sep 2 2010 // With Hurricane Earl on a path to skim the barrier islands and the coast of North Carolina beginning this evening, state Insurance Commissioner Wayne Goodwin is reminding all North Carolinians to take precautions before the...
A Stronger Property Insurance Market in Louisiana Post-Katrina
Sep 1 2010 // Despite the devastation from Hurricane Katrina in 2005, Louisiana Insurance Commissioner Jim Donelon says the state’s insurance market is stronger now and that the “outlook for continued market recovery is...
$275M in Louisiana Property Insurance Assessment Refunds Unclaimed
Aug 30 2010 // More than $275 million in special property insurance assessments have not been reclaimed, and Louisiana policyholders will lose that money if they don’t act before the year is over. The assessments were imposed on...
5 Years After Katrina Gulf Coast Building Codes Still Inadequate
Aug 30 2010 // Five years ago, Hurricane Katrina caused an estimated 1,300 tragic deaths as well as $41.1 billion in insured losses across six states. Louisiana and Mississippi suffered the brunt of Katrina’s wrath followed by...
Hurricane Katrina Changed the Market in Gulf States
Aug 27 2010 // Writing about the landfall of Hurricane Katrina five years ago, essayist Ellis Anderson of Mississippi likened the communities along the gulf to a string of pearls. “Then, in August 2005, in the course of a single...
Florida Insurance Department to Survey on Sinkholes
Aug 23 2010 // Starting this month, the Florida Office of Insurance Regulation is going to begin surveying Florida property insurers about their experience with sinkhole claims, in an effort to get to the bottom of the simmering...
S&P: The Worst Not Over for U.S. Commercial Property Markets
Aug 23 2010 // The slump in the U.S. commercial property market didn’t quite plumb the depths of the downturn in residential real estate, but although there are signs that home prices are nearing the bottom, commercial real estate...
2010 Education & Training Directory
Aug 16 2010 // Insurance Journal is pleased to publish the 2010 Education and Training Directory. This exclusive resource directory has been designed to help independent agents and brokers find educational and training opportunities to...
Florida Poll Shows Widespread Concern Over Property Coverage
Aug 13 2010 // The Florida Chamber of Commerce says that a poll they had conducted shows Florida voters put grave importance on efforts at property insurance reform. The poll, which was supported jointly by the Chamber and the Property...
E&S Wrap Up: Broker Mergers, Expansions and Start Ups
Aug 12 2010 // As goes the circle of life, so goes the wholesale insurance broker world. Not even the sixth year of a soft market cycle has deterred industry veterans from launching new wholesale businesses or creating larger ones. Many...
