Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
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,...
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...
