Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
News Currents
Apr 9 2007 // La. commissioner proposes $100 million fund to lure insurers to state Louisiana Gov. Kathleen Blanco has set aside $100 million in her budget to cover insurance issues and state Commissioner of Insurance Jim Donelon thinks...
Large Property Insurance Market Remains Unsettled, Wholesaler Reports
Apr 6 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...
Aon Re Global Study Finds Reinsurance Rates ‘Flat to Lower’
Apr 2 2007 // Aon Re Global’s analysis of reinsurance rates found premiums for “personal lines, standard commercial lines and complex commercial lines,” are “likely to be flat to lower during mid-year renewals of...
Intellectual Property Insurance Ups Available Limits to $5 Million
Mar 29 2007 // Intellectual Property Insurance Services Corp. (IPISC) now has policy limits available up to $5 million per claim and in the aggregate. This is an increase from available limits of $3 million. With new limits of $5...
Let Private Markets Handle Most Disasters, Insurers Advise Congress
Mar 28 2007 // The best way for the federal government to help property owners recover from a natural disaster is to let private insurers do what they know, except in the case of a megadisaster, when federal aid would be needed. That was...
Fla. Bipartisan Spirit May be Cracking Over Property Taxes in House
Mar 28 2007 // The bipartisan spirit that took hold of the Florida Legislature earlier this year in the effort to lower homeowner insurance rates is showing signs of cracking in the House over property tax relief. A divide has developed...
Insurers Reject Critics Who Say Big Profits Are at Claimants’ Expense
Mar 28 2007 // The headline numbers were eye-popping: Allstate reported a record $5 billion profit for 2006. State Farm Insurance’s profit climbed 65 percent for the year. St. Paul Travelers’ earnings rose sixfold in the...
A.M. Best Cites 15 P/C Insurers as Financially Impaired in 2006
Mar 27 2007 // Seventeen U.S. insurance companies became financially impaired in 2006, despite a respite for property/casualty insurers from two consecutive turbulent hurricane seasons and more diversified asset portfolios among...
News Currents
Mar 26 2007 // N.J. high court rules first responders can sue negligent property owners The New Jersey Supreme Court ruled that when police and firefighters get hurt handling an emergency, they may sue and win compensation if negligence...
Jane Cline, West Virginia, Office of Insurance Commissioner
Mar 26 2007 // Jane L. Cline was first appointed West Virginia Insurance Commissioner in January 2001 and reappointed by current Gov. Joe Manchin. In addition to her responsibilities as Insurance Commissioner, Cline serves as...
Media professionals want to know: what’s fair use of copyrighted video?
Mar 26 2007 // Media liability has taken center stage as the result of two recent developments, one a lawsuit by a media conglomerate challenging a new media company’s use of copyrighted video clips and the other, an insurance...
Media professionals want to know: what’s fair use of copyrighted video?
Mar 26 2007 // Viacom-YouTube lawsuit, breakthrough insurance product for docemantarians shine spotlight on media liability Media liability has taken center stage as the result of two recent developments, one a lawsuit by a media...
People
Mar 26 2007 // Willis Group Holdings Limited has amended the employment agreement with Chairman and Chief Executive Officer Joseph J. Plumeri to extend its term for an additional year. The employment agreement, which was scheduled to...
N.J. high court rules first responders can sue negligent property owners
Mar 26 2007 // The New Jersey Supreme Court ruled that when police and firefighters get hurt handling an emergency, they may sue and win compensation if negligence contributed to the injury. The unanimous decision found that a 1993 state...
The Commissioners: Jane Cline
Mar 26 2007 // Jane L. Cline was first appointed West Virginia Insurance Commissioner in January 2001 and reappointed by current Gov. Joe Manchin. In addition to her responsibilities as Insurance Commissioner, Cline serves as...
Fla.: Citizens Property Insurance Corp. Receives Millions from IRS
Mar 21 2007 // Florida’s Citizens Property Insurance Corp. received more than $168 million from the Internal Revenue Service as part of an agreement declaring Citizens’ predecessor a tax-exempt entity, a company official said...
N.J. High Court: Public Workers Can Sue Negligent Property Owners
Mar 15 2007 // The New Jersey Supreme Court this week ruled that when police and firefighters get hurt handling an emergency, they can sue and win compensation if negligence contributed to the injury. The unanimous decision by New...
A.M. Best likes what it sees in property/casualty personal lines segment
Mar 12 2007 // Rating and industry analysts at A.M. Best are maintaining their stable outlook for the personal lines property/casualty segment in 2007 based on what they see as this sector’s continued favorable risk-adjusted...
Understanding coverage gaps in farm/ranch policies
Mar 12 2007 // Is the rural dwelling a home or a ranch? It’s an important distinction, as there can be substantial differences in coverage. For example, a standard homeowners policy covers fencing, as well as the contents of...
News Currents
Mar 12 2007 // La. insurance regulators order Allstate to reverse cancellations Louisiana Commissioner of Insurance Jim Donelon on Mar. 6 ordered Allstate to scrap its property inspection process that led to the cancellation of more than...
