Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
The Hartford settlement ends agents’ contingent commissions
Aug 6 2007 // The Hartford Financial Services Group Inc. announced it has reached a settlement with the New York, Connecticut and Illinois attorneys general resolving matters relating to their investigations of the compensation...
Commercial lines insights of top agencies
Aug 6 2007 // While much of the talk about the current commercial and professional lines market turns to insurers lowering their prices, the soft market is requiring agents to raise their agencies’ level of attention paid to...
People
Aug 6 2007 // The Main Street America Group named Gregg Effner assistant vice president of distribution management. Effner, who has 30 years of property/casualty industry experience, will be based at the company’s corporate...
The Hartford settlement with attorneys general ends agents’ contingent
Aug 6 2007 // The Hartford Financial Services Group Inc. announced it has reached a settlement with the New York, Connecticut and Illinois attorneys general resolving matters relating to their investigations of the compensation...
Commercial lines insights of top agencies
Aug 6 2007 // While much of the talk about the current commercial and professional lines market turns to insurers lowering their prices, the soft market is requiring agents to raise their agencies’ level of attention paid to...
NAS Enhances Tenant Discrimination Liability Insurance
Aug 3 2007 // Encino, Calif.-based NAS Insurance Services has enhanced its tenant discrimination liability insurance coverage with policy changes. New wording defines covered property as an entity owned or managed by the named...
Fla. Gov.Suggests Property Insurers not Following Rate Savings Law
Aug 2 2007 // Gov. Charlie Crist suggested Tuesday that some property insurers may be deliberately flouting a new state law that requires them to buy cheaper reinsurance and pass the savings on to consumers. Crist said he was concerned...
Senate Banking Panel to Hear Natural Disaster Commission Bill Today
Aug 1 2007 // A Senate Banking committee is scheduled to mark-up a bill today to establish a natural catastrophe commission to examine how best to mitigate disaster risks and deal with the after-effects of these events. The Senate...
Fireman’s Fund Targets Senior Living Facilities with Property-Gard
Jul 31 2007 // To meet the needs of small, large or multi-unit senior living facilities, Fireman’s Fund Insurance Co. is now offering Property-Gard, a coverage specifically created to protect residents, guests, property and income...
Texas’ June Enforcement Actions Result in $190K in Fines, Restitution
Jul 31 2007 // Enforcement actions taken by Texas Insurance Commissioner Mike Geeslin that became final during June resulted in nearly $191,000 in fines and restitution, the Texas Department of Insurance announced. The actions include...
S.C. Approves 35% Wind Pool Hike
Jul 30 2007 // Scott H. Richardson, director of the South Carolina Department of Insurance has approved changes, effective July 19, 2007, to the rating plan and plan of operation for the South Carolina Wind and Hail Underwriting...
Still time to register for Private Sector Summit on Florida property insurance market
Jul 26 2007 // Property insurers in Florida are facing a crisis as they try to deal with the impact of drastic changes imposed on them with the recent enactment of the property insurance law (HB 1A) that contains new mandates. How to...
Fireman’s Fund Launches Property Protector Program for College Students
Jul 25 2007 // Fireman’s Fund Insurance Co. based in Novato, Calif., has teamed with College Student Insurance (CSI) to offer a property insurance plan especially for college students living away from home. Parents are sending more...
Poll: Fla. Gov. More Popular with Voters than Some of his Issues
Jul 24 2007 // While many Florida voters don’t think enough has been done to bring down their property taxes or insurance premiums, more than 70 percent say Gov. Charlie Crist has done a good job during his first six months in...
PA. BILL LIMITS FARM OWNERS’ LIABILITY FOR HUNTING ACCIDENTS
Jul 23 2007 // A bill limiting Pennsylvania farmers’ liability for hunting accidents on their properties has flown through the House and Senate and been sent to Gov. Edward Rendell for signing. The measure was backed by...
U.S. P/C INSURERS PAY $2.1 BILLION IN CAT LOSSES
Jul 23 2007 // U.S. property/casualty insurers are expected to pay homeowners and businesses an estimated $2.175 billion for second-quarter property losses resulting from a total of six catastrophes in 25 states — tying the record...
Pa. bill limits farm owners’ liability for hunting accidents
Jul 23 2007 // A bill limiting Pennsylvania farmers’ liability for hunting accidents on their properties has flown through the House and Senate and been sent to Gov. Edward Rendell for signing. The measure was backed by...
P/C industry net income, overall profitability slips
Jul 23 2007 // The U.S. property/casualty insurance industry’s net income after taxes dipped to $15.8 billion in first-quarter 2007 from $16.7 billion in first-quarter 2006 and $17.7 billion in first-quarter 2005, according to...
People
Jul 23 2007 // The Hartford Financial Services Group Inc. has named Thomas M. Marra to the newly created position of president and chief operating officer. Marra, currently a member of the company’s board of directors and president...
Package of insurance measures passes La. legislature
Jul 23 2007 // Louisiana’s Legislature in June approved a package of insurance bills promoted by Louisiana Gov. Kathleen Babineaux Blanco and Insurance Commissioner Jim Donelon. Among the bills passed were one that provides for...
