Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
Maryland Officials to Explain Good Faith P/C Damage Filings
Sep 6 2007 // The Maryland Insurance Administration (MIA) will conduct a workshop to explain how it will implement newly enacted legislation that authorizes the award of enhanced damages against property and casualty insurance companies...
SC. Insurance Director Loses Property Coverage
Sep 6 2007 // Add the director of the South Carolina Department of Insurance to the thousands of coastal homeowners who have lost property insurance since Hurricane Katrina. Scott Richardson, who lives on Hilton Head Island, was...
Latinos and property casualty insurance products
Sep 3 2007 // As the Latino population continues to grow, marketers are directing more efforts to reach this segment. Every company in the United States has asked itself the question: how do we attract Latino consumers? And many are now...
Report: insurers did not shift wind claims
Sep 3 2007 // A preliminary report from the federal government has 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 3 2007 // Report: insurers did not shift wind claims A preliminary report from the federal government has found no evidence to support allegations that private insurers improperly shifted wind damage claims from Hurricane Katrina...
Liberty Mutual Realigns Agency Companies to Welcome Ohio Casualty
Aug 27 2007 // Boston-based Liberty Mutual Group finalized its acquisition of Ohio Casualty Corp. on Friday, Aug. 24, 2007 and immediately announced a realignment of its $5.9 billion net premium regional agency company organization to...
Fla. Drivers Told Property Damage Liability Still Needed If No-Fault Expires
Aug 22 2007 // Florida drivers will still need to purchase property damage liability insurance even if the state’s no-fault insurance system disappears Oct. 1, a lawyer for the Department of Highway Safety and Motor Vehicles...
Court affirms flood exclusions in La. property policies
Aug 20 2007 // Two federal appeals court rulings in early August in class-action lawsuits stemming from Hurricane Katrina-related property damage in Louisiana underscored the validity of flood exclusions in property insurance...
FORE! Golf club risk moves off course
Aug 20 2007 // In June 2007, a California woman was awarded $4.3 million for injuries she received in a golf car crash that left her too disabled to continue her successful photography and jewelry design careers. A wheel of the car she...
News Currents
Aug 20 2007 // Court affirms flood exclusions in La. property policies Two federal appeals court rulings in early August in class-action lawsuits stemming from Hurricane Katrina-related property damage in Louisiana underscored the...
FORE! Golf club risk moves off course
Aug 20 2007 // In June 2007, a California woman was awarded $4.3 million for injuries she received in a golf car crash that left her too disabled to continue her successful photography and jewelry design careers. A wheel of the car she...
21% Property Rate Hike Approved in La. May Affect 8,500
Aug 17 2007 // Louisiana regulators approved a property insurance rate change on Aug. 15, a statewide average rate increase of over 21 percent that will affect roughly 8,500 policyholders. The Louisiana Insurance Rating Commission...
Interim Report: No Proof Insurers Labeled Katrina Wind Claims as Flood
Aug 16 2007 // A preliminary report from the federal government has found no evidence to support allegations that private insurers improperly shifted wind damage claims from Hurricane Katrina onto the federal government’s flood...
Allianz Sells Property Portfolio to IVG
Aug 14 2007 // Germany’s Allianz announced that it has “sold a portfolio of German property to IVG Immobilien AG for around €1.3 billion [$1.765 billion]. The portfolio comprises several buildings currently occupied by...
La. Commissioner Plans to Abolish ‘Secretive’ Bureaucratic Layers
Aug 13 2007 // Calling them “confusing and secretive layers of bureaucracy,” Louisiana Insurance Commissioner Jim Donelon announced plans to abolish the Property Insurance Association of Louisiana (PIAL) and the Louisiana...
La. Independent Agents Group CEO Lauds Flood Limitation Rulings
Aug 8 2007 // The CEO of a major insurance agent trade group in Louisiana says two recent federal appeals court decisions affirming flood limitations in property policies will enhance the state’s recovery from Hurricane...
Blanco, Donelon and business coalition deliver market reform laws
Aug 6 2007 // The 2007 legislative session in Louisiana resulted in three major pieces of legislation recently signed into law which will improve the ability of insurers to rate and underwrite homeowners insurance on a more competitive...
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...
