Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
No Consensus for Alabama Special Session on Coastal Insurance
Oct 2 2007 // Alabama legislators unveiled a law designed to help the Gulf Coast real estate industry and coastal homeowners hit by high insurance rates but Gov. Bob Riley said there is no current consensus to address it in a special...
D&O, Business Insurance Prices – Except Property – Continue to Drop
Oct 2 2007 // Steady erosion of commercial insurance industry pricing continued during the third quarter of 2007, according to the RIMS Benchmark Survey, a survey of current policy renewal prices as reported by corporate risk...
U.S. P/C Insurers’ Reserving Likely To Remain Prudent, S&P Says
Oct 1 2007 // Will increased competition and lower pricing lead U.S. property/casualty insurers to skimp on reserves? Not according to a report published by Standard & Poor’s Ratings Services. The article, “For U.S....
Fla.’s Citizens Responds to Agents’ Advisory on Coverage Gaps
Sep 28 2007 // Responding to a consumer advisory about potential coverage gaps issued by the state’s independent insurance agents, Citizens Property Insurance Corp. maintained that its basic coverages match what most private...
FBI Report Shows Property Crimes Decrease Again in 2006
Sep 25 2007 // For the fourth year in a row the estimated number of property crimes decreased, according to statistics released by the FBI’s 2006 edition of “Crime in the United States,” a statistical compilation of...
P/C Insurers’ Underwriting Results, Profitability Slip in First-Half 2007
Sep 25 2007 // The U.S. property/casualty insurance industry’s overall profitability as measured by its annualized rate of return on average policyholders’ surplus (or statutory net worth) slipped to 13.1 percent in...
U.S. fire report: More fires; fewer deaths and injuries; rise in property losses
Sep 24 2007 // Fire departments in the United States responded to an estimated 1.6 million fires during 2006. These fires caused 3,245 civilian deaths and 16,400 injuries, according to the National Fire Protection Association (NFPA). The...
Report: Insurers did not shift wind claims
Sep 24 2007 // A preliminary report from the federal government found no evidence to support allegations that private insurers improperly shifted wind damage claims from Hurricane Katrina onto the federal government’s flood...
News Currents
Sep 24 2007 // Report: Insurers did not shift wind claims p:”Our sample revealed no evidence that wind damages were improperly attributed to flooding,” the Department of Homeland Security reported after reviewing 98 flood...
U.S. fire report: More fires; fewer deaths and injuries; rise in property losses
Sep 24 2007 // Fire departments in the United States responded to an estimated 1.6 million fires during 2006. These fires caused 3,245 civilian deaths and 16,400 injuries, according to the National Fire Protection Association (NFPA). The...
A policyholder bonanza: Texas Supreme Court decides Lamar Homes
Sep 24 2007 // The Supreme Court also disagreed with the district court’s common sense ruling that faulty workmanship that damages the property of a third party is a covered “occurrence,” whereas faulty workmanship that...
People
Sep 24 2007 // The National Association of Professional Surplus Lines Offices selected officers and directors for the trade association’s 2007-2008 term. The new officers are: President – Mary Ellen Rozzell,...
Florida’s no-fault law set to expire Oct. 1
Sep 24 2007 // A three-week Florida special legislative session scheduled to begin Sept. 18 has been postponed, meaning lawmakers will probably not act to halt the Oct. 1 expiration of a key no-fault auto insurance law. The session was...
Fireman’s Fund Offers Policy for Historic Commercial Properties
Sep 24 2007 // Fireman’s Fund Insurance Co. introduced a new insurance product designed to meet the unique needs of historic and vintage commercial properties. Historic Property-Gard by Fireman’s Fund is a comprehensive...
Fla. High Court Affirms Policies Cover Only Losses from Covered Perils
Sep 21 2007 // Florida’s valued policy law means property insurance companies are only responsible for actual damages caused by perils that are specifically cited in the policy, the Florida Supreme Court has affirmed in a key...
NAMIC Names Lehman 2007 Chairman’s Award Recepient
Sep 18 2007 // Indianpolis-based the National Association of Mutual Insurance Companies (NAMIC) recently named David L. Lehman, president of Mennonite Mutual Insurance Co., Orrville, Ohio, as the 2007 recipient of the Chairman’s...
Wis. Capitol Launches New Specialty Markets Division
Sep 18 2007 // Middleton, Wis.-based Capitol today announced the formation of its new Specialty Markets Division. The focus of the division will be specialty property and casualty insurance programs throughout the U. S. The division will...
Jurors Hear Opening Arguments in W. Va. Pollution Suit
Sep 14 2007 // DuPont’s lawyers say the company is a good corporate neighbor but lawyers for 10 West Virginia property owners suing the chemical giant claim it puts profits ahead of community safety. Jurors heard these dueling...
SCRMA Adds P/C Claims Administration
Sep 14 2007 // Southern California Risk Management Associates (SCRMA) has added property and casualty claims administration to its suite of workers’ compensation and managed care services. SCRMA now offers an array of property and...
W.Va. Residents Sue DuPont Over Zinc Plant Contamination
Sep 12 2007 // From its grassy surface, the 112-acre mound seems harmless, a vast but benign-looking field ringed by hundreds of small homes. But signs wired to the chain-link fence hint at something potentially sinister lurking beneath....
