Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
Insurers’ Study Warns on North Carolina Beach Plan Deficit
Oct 21 2008 // The Property Casualty Insurers Association of America unveiled results of an independent report which found that the North Carolina Insurance Underwriting Association, a.k.a. the Beach Plan, is not financially prepared to...
Wisconsin Insurance Commissioner Sean Dilweg
Oct 20 2008 // From tornadoes, hail and flooding to the impact of the AIG bailout and the federal versus state regulation debate, Sean Dilweg has a lot on his plate as Wisconsin’s insurance commissioner. Appointed by Wisconsin...
Carriers’ Marketing to Latinos is Good but Could be Better, Say Agents
Oct 20 2008 // A majority of independent agents and brokers in a good position to know say insurance carriers do an acceptable job marketing to the Latino community, although as many as 40 percent also rate carriers’ efforts as...
Shrinking Citizens Signals Progress in Florida Property Market
Oct 20 2008 // Florida remains focused on recovery of its property insurance market. But new rules for reinsurers, a national catastrophe plan and the use of occupational rating in insurance are also on the radar of Florida Insurance...
AIG Commercial Insurance Battles Back
Oct 20 2008 // Execs Say Balance Sheet, Underwriting Appetite Remain Strong as Ever Exclusive Insurance Journal Interview with AIG Commercial Insurance CEO John Doyle and CFO Rob Schimek The very strengths in its balance sheet, surplus,...
North Carolina Insurance Investigators Thwart Alleged Auto Accident Ring
Oct 15 2008 // North Carolina Department of Insurance investigators arrested five Halifax County residents for their roles in what investigators are calling an auto insurance fraud ring that netted the accused more than $25,550 in...
AIG Commercial Insurance Unit Financially Fit and Fighting Back
Oct 14 2008 // The very strengths in its balance sheet, surplus, underwriting and personnel that have made the Commercial Insurance unit of American International Group (AIG) a market leader are keeping it competitive even while the...
Regulators: 40,000 Policies to be Removed From Louisiana Citizens
Oct 9 2008 // Six insurance companies, some participating in the Insure Louisiana Incentive Program, want to assume 46,898 policies from the Louisiana Citizens Property Insurance Corporation by Dec. 1, 2008. However, Citizens CEO John...
Combined Damages from Gustav and Ike in Louisiana Could Reach $20B
Oct 6 2008 // Preliminary estimates of the combined total physical damage in Louisiana from Hurricanes Gustav and Ike range from roughly $8 billion to $20 billion, not including “temporary economic activity losses or damage to...
In Texas, ‘Trigger’ May Be Trickier Than it Seems
Oct 6 2008 // Trigger — what determines which policy applies. Most liability policies require property damage caused by an occurrence and require that the property damage occur during the policy period. The question, in Texas and...
Lurking Cyber Risks
Oct 6 2008 // Agents Can Become a Trusted Expert for Unaware Businesses A family-run crafts store opens in a strip mall and, after much hard work and long hours, begins to flourish. The store takes credit cards, contracting with a...
AIG to Keep Its Commercial Property/Casualty Insurance, Sell Some Other Units
Oct 3 2008 // American International Group Inc. said it plans to keep its commercial property/ casualty and foreign general insurance businesses, while selling off some life insurance business and seeking alternatives for its securities...
P/C Insurers’ Net Income, Profitability Fall Sharply in First-Half 2008
Oct 1 2008 // The U.S. property/casualty insurance industry’s net income after taxes fell 57.4 percent to $13.9 billion in first-half 2008 from $32.7 billion in first-half 2007. The insurance industry’s overall profitability...
Build Smart With Passive Protection Systems, Safety Institute CEO Says
Sep 26 2008 // To hear Julie Rochman tell it, she’d like every community in the United States to be resilient in the face of natural disasters. Rochman, president and CEO of the Institute for Business & Home Safety (IBHS) and...
Lexington Arranges Reinsurance from Berkshire for Property Policies
Sep 26 2008 // Surplus lines insurer Lexington Insurance Co. reported that it has arranged a contingent property reinsurance cover from Berkshire Hathaway’s National Indemnity Co. for its real estate portfolio. The cover is also...
Defending Properties Against Natural Catastrophes
Sep 22 2008 // Build Smart With Passive Protection Systems, Safety Institute CEO Says To hear Julie Rochman tell it, she’d like every community in the United States to be resilient in the face of natural disasters. Rochman,...
People
Sep 22 2008 // Swiss Re appointed Walter A. Bell chairman of Swiss Re America Holding Corp. He will provide supervisory governance of the Americas businesses and also will oversee and direct regulatory and public affairs for all of Swiss...
Defending Properties Against Natural Catastrophes
Sep 22 2008 // Build Smart With Passive Protection Systems, Safety Institute CEO Says To hear Julie Rochman tell it, she’d like every community in the United States to be resilient in the face of natural disasters. Rochman,...
Defending Properties Against Natural Catastrophes
Sep 22 2008 // Build Smart With Passive Protection Systems, Safety Institute CEO Says To hear Julie Rochman tell it, she’d like every community in the United States to be resilient in the face of natural disasters. Rochman,...
Why Flood Policy Should Not Include Wind Coverage
Sep 19 2008 // Reuters reports that Representative Barney Frank (D – Mass.) has introduced a bill to extend the National Flood Insurance Program (NFIP) seven months beyond the scheduled September 30, 2008, expiration date to allow...
