Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
Mo. Rockhill Names Vice President, Director of Property Underwriting
Apr 27 2007 // Rockhill Underwriting Management recently named Curt Crozier vice president and director of Property Underwriting. In his new role, Crozier will work closely with Rockhill’s Chief Property Officer to manage and grow...
AIG’s Lexington Opens Bermuda Office
Apr 26 2007 // Lexington Insurance Company, a member company of American International Group, Inc. announced it has opened a property and casualty insurance underwriting office in Hamilton, Bermuda. “Establishing this new office...
Fla. Homeowners Air Grievances over Taxes, Insurance
Apr 26 2007 // Jeanette Waddle is frustrated with rising property taxes and unaffordable insurance rates, and she let Fla.’s Gov. Charlie Crist hear about it Tuesday night during a town hall forum. The mother of three is married to...
P/C Insurers to Pay $1.2 Billion in 1st Quarter Home, Business Catastrophe Claims
Apr 25 2007 // Severe tornadoes in several southern states helped push catastrophe losses to more than $1.2 billion during the first quarter of 2007, according to the industry’s Property Claim Services (PCS), a unit of Insurance...
News Currents
Apr 23 2007 // Insurers fight impression their big profits are at claimants’ expense The headline numbers were eye-popping: Allstate reported a record $5 billion profit for 2006. State Farm Insurance’s profit climbed 65...
8 Texas AG, Allied World settle antitrust suit
Apr 23 2007 // Company admits no wrongdoing but agrees to pay $2.1 million 8 La.’s governor, commissioner unveil legislative plan Package of bills aimed at increasing competition in insurance market 10 Ark. commissioner tells U.S....
Large property market remains unsettled
Apr 23 2007 // Even a year of profitability has not settled the large property insurance market for buyers, especially for catastrophic coverage near coastlines and in earthquake zones, finds a new research report from New Jersey...
Coastal population growth contributing to high cost of property coverage
Apr 23 2007 // The U.S. population in hurricane-prone coastal states continues to rise, a trend that is likely to impact adversely the nation’s coastal property insurance market for years to come, according to Dr. Robert Hartwig,...
With La. session on horizon, governor and commissioner unveil package of bills
Apr 23 2007 // Louisiana Governor Kathleen Babineaux Blanco and state Commissioner of Insurance Jim Donelon on April 11 unveiled a joint legislative package designed to attract new insurers to the state, drive down rates and protect...
Coastline populations increasing insurance prices
Apr 23 2007 // The U.S. population residing in hurricane-prone states continues to rise, a trend which is likely to impact adversely the nation’s coastal property insurance market for years to come, according to testimony by Dr....
Top 25 Property/Casualty Companies in Premium Growth
Apr 23 2007 // 12-months ending Dec. 31, 2006 versus Dec. 31, 2005 (000 Omitted) DPW $ Change DWP DWP DWP $ DWP % Rank Company Name 12/31/2006 12/31/2005 Change Change 1 Lexington Insurance...
Habitational properties get closer to home
Apr 23 2007 // While catastrophe scenarios like earthquakes, mudslides or hurricanes capture most of the headlines, social, economic and investment trends continue to impact habitation, offering excellent opportunities for alert,...
Henson Joins MHBT as VP in Property/Casualty Group
Apr 19 2007 // McQueary Henry Bowles Troy L.L.P. (MHBT) announced that David Henson has joined its Dallas office as vice president in the property and casualty group. Having spent 20 years in the insurance business, Henson brings a deep...
Report Details P/C Insurers’ 2006 Proftability, Escape from Storms
Apr 18 2007 // Another report on the insurance industry confirms and details what has been widely acknowledged: a sharp decline in catastrophes in 2006 contributed to improved underwriting results for the year. The U.S. property/casualty...
Europ Assistance Launches Commercial Property Assistance Product
Apr 17 2007 // Europ Assistance, which has considerably expanded from its French origins into international operations, has launched a new Commercial Property Assistance (CPA) product, “which,” it said, “will be made...
USG Vacant Property Package Now Available in Most States
Apr 13 2007 // USG Insurance Services, Inc. a national broker of commercial insurance headquartered in Tampa, Fla., has introduced a vacant package program available for both commercial and residential properties. Coverage is written on...
Farmers Names Daues Sr. VP-Property Claims
Apr 13 2007 // Jim Daues has been appointed senior vice president–Property Claims in the home office of the Farmers Insurance Group of Companies. Daues joined Farmers in Sept. 4, 2000 as executive director–State Operations,...
La. Governor, Commissioner Outline Insurance Legislative Package
Apr 12 2007 // Louisiana Governor Kathleen Babineaux Blanco and state Commissioner of Insurance Jim Donelon on April 11 unveiled a joint legislative package to attract new insurers to the state, drive down rates and protect consumers,...
Industry to Congress: Private Market Is the Best Solution on Natural Disasters, But Some Say Federal Help Needed
Apr 11 2007 // The private insurance marketplace, not the federal government, is the best vehicle to address coastal insurance issues and natural disasters in the U.S., according to insurers. Even so, the federal government can play a...
Insurers fight impression their big profits are at claimants’ expense
Apr 9 2007 // The headline numbers were eye-popping: Allstate reported a record $5 billion profit for 2006. State Farm Insurance’s profit climbed 65 percent. St. Paul Travelers’ earnings rose sixfold in the fourth quarter,...
