Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
Wis. Wausau Survey Reveals Trends in Lines of Commercial Insurance
May 30 2007 // Spurrred by advice from their agent or broker, commercial insurance buyers show increasing interest in buying more than one line of coverage from a carrier, according to a new survey commissioned by Wis.-based Wausau...
La. Regulators Approve Property Insurance Rate Hikes
May 29 2007 // Louisiana regulators have approved property insurance rate hikes of 16 percent to 51 percent for three small companies, with larger increases for homeowners along the coast. The Louisiana Insurance Rating Commission on May...
Study Highlights Industry’s Potential Climate Change Liabilities
May 29 2007 // Liabilities follow the insurance industry as the night follows the day. So, it’s not terribly surprising to learn that a new study – “Limiting Liability in the Greenhouse: Insurance Risk-management...
Plan Meant to Lower La. Citizens Rates Wins Panel’s Approval
May 25 2007 // The Louisiana House of Representatives Insurance Committee approved a plan meant to lower homeowners rates charged by Louisiana’s state-backed insurer, despite warnings that it will backfire and exacerbate the...
E&S Carrier Ironshore Approved to Write Commercial Risks in Fla.
May 24 2007 // Bermuda-based Ironshore Insurance Ltd. reports it has been approved to write property, property catastrophe and casualty insurance on an excess and surplus basis for risks in Florida. Ironshore, formed in late 2006, is a...
Corps of Engineers, Mo. Property Owners Assess Levee Damage
May 22 2007 // As floodwaters recede along the Missouri River bottoms, some areas remain at risk because their levees are broken. “The flood is not over for me if there’s still a hole in the levee,” said Tom Waters of...
Study assesses impact of Florida property insurance legislation
May 21 2007 // A Florida law enacted during a 2007 January special session provides immediate savings for homeowners by shifting potential payments for hurricane losses from the homeowners receiving the current policy benefits to future...
Property/Casualty State Specialists Insurers
May 21 2007 // The late Speaker of the House of Representatives “Tip” O’Neill once said, “All politics is local.” To paraphrase, all insurance is local. This is why a large number of state specialists thrive...
2007 Property/Casualty State Specialist Insurers
May 21 2007 // 1 Brickstreet Mutual Insurance Co. WV 765,963 2 Texas Mutual Insurance Co. TX 743,095 3 Old American Cty Mutual Fire Insurance Co. TX 491,641 4 SAIF Corp. OR 449,794 5 Universal Property & Casualty...
A closer look at risk management for habitational risks
May 21 2007 // Habitational properties — apartments, condominiums, hotels, motels — present similar property and liability risks, including fires, slips and falls, and water damage. These concerns can be addressed with...
A closer look at risk management for habitational risks
May 21 2007 // Effective management and maintenance tips to help clients avoid major losses Habitational properties — apartments, condominiums, hotels, motels — present similar property and liability risks, including fires,...
People
May 21 2007 // Liberty Northwest, a member of Liberty Mutual Group based in Portland, Ore., appointed Larry W. Becker president and chief operating officer. Becker most recently was executive vice president, sales and marketing for...
Pet food case raises product recall, ‘special property’ and new coverage
May 21 2007 // The manufacturer of the contaminated pet foods that caused an unknown number of pet deaths and illnesses may want to put the controversy behind it, yet the pet food maker along with insurers, lawyers and other...
Insurers Try to Prevent Losses in Wildfire Hotspots
May 21 2007 // Spooked by devastating wildfire seasons, the nation’s top insurers are inspecting homes in high-risk areas throughout the West and threatening to cancel coverage if owners don’t clear brush or take other...
Pet food case raises product recall, ‘special property’ and new coverage issues
May 21 2007 // The manufacturer of the contaminated pet foods that caused an unknown number of pet deaths and illnesses may want to put the controversy behind it, yet the pet food maker along with insurers, lawyers and other...
Europ Assistance to Offer Property/Security Coverage
May 16 2007 // Europ Assistance, one of the UK’s leading providers of domestic emergency assistance, said that in response to concerns from its customers regarding property and personal security, it’s adding a...
Insurers Call for Additional Reforms for Florida Consumers
May 15 2007 // A new Florida law enacted during a 2007 January special session provides immediate savings for homeowners by shifting potential payments for hurricane losses from the homeowners receiving the current policy benefits to...
Allstate To Cease Issuing New Homeowners Policies in Calif.
May 11 2007 // Allstate has announced that as of July 1, 2007, it will stop offering new homeowners and landlord package polices (LPP) in California. The announcement does not affect its existing property insurance customers in...
La. House Panel OKs Governor’s Property Insurance Package
May 11 2007 // Louisiana Gov. Kathleen Blanco won a House committee’s approval for her plan to ease Louisiana’s property insurance crisis by offering $100 million in financial incentives to insurance companies. Blanco’s...
Fla. Gov. Praised Legislature for Continued Property Insurance Reform
May 8 2007 // Gov Charlie Crist commended the Florida House and Senate for continuing the work of lowering property insurance rates by passing legislation that “ensures affordability and consumer choice within Florida’s...
