Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
Editor’s Note: Commercial property appeal
Jun 19 2006 // According to Fitch, increases are running between 25 percent and 400 percent for windstorm and flood insurance premiums since the June 1 start of this year’s hurricane season. Six hurricanes in 2005 caused $57.3...
New Property and Casualty Insurer Opens in Irving, Texas!
Jun 16 2006 // Irving, Texas – A new Property and Casualty insurer, Homeowners of America Insurance Company, has opened in Irving, Texas. Homeowners is a Texas company specializing in protecting residential property for Texans. In...
Davis Makes Proposals to Fix Florida’s Property Insurance Problems
Jun 12 2006 // Windstorm insurance companies would have to cover water damage caused by hurricanes under a proposal Democratic gubernatorial candidate Jim Davis released June 9, part of a multi-pronged proposal to solve the problems...
Aspen Names Boornazian to New Post – Head of Reinsurance
Jun 8 2006 // Bermuda-based Aspen Insurance Holdings Limited has named Brian Boornazian to the newly created position of Head of Reinsurance of Aspen. He will retain his current position as President of Aspen Re America as well as its...
Fla. Rep. Waters: Hurricane Party Mentality Has Been Replaced by Hurricane-Stress
Jun 6 2006 // The hurricane party mentality is gone, replaced by hurricane stress, Rep. Leslie Waters, R-Pinellas, told the Florida Suncoast Chapter of the Chartered Property and Casualty Underwriters at the group’s June 5 meeting...
Mercator Risk Adds Broker Duo to Lead Midwest Property Practice
Jun 5 2006 // New York-based Mercator Risk Services, an independent wholesale insurance broker, has added two key members to its growing Midwest Property Practice. Jason Tegan and Libby Wakolbinger have joined Mercator’s Chicago...
Only 12 of 18 perils happen in Florida, ‘So what’s your problem?’ quips moderator
Jun 5 2006 // The country has experienced 18 different types of natural disasters, while Florida deals with “only” 12 of these perils. Yet insurers and consumers have big problems in Florida. “When you go through the...
Hartwig predicts profitable 2006, sees premium growth grinding to a halt
Jun 5 2006 // The last 24 months have been traumatic for the insurance industry, but the profit picture for 2006 is quite good in the industry overall, Robert P. Hartwig, Insurance Information Institute senior vice president and chief...
Millions of renters lack insurance, says Trusted Choice survey
Jun 5 2006 // Almost 25 million U.S. families renting their homes are going bare on insurance coverage, leaving themselves vulnerable to serious property and liability losses. Many renters without coverage own valuable, high-tech...
Fla. Property Owners to Pay 1% Insurance Charge for Hurricanes
Jun 2 2006 // Floridians will pay a 1 percent assessment on property and casualty insurance policies for a decade to repay a bond sale of up to $1.5 billion that was approved Wednesday to replenish the state’s Hurricane Insurance...
ACE USA Promotes Sherry to Senior VP-Global Property
Jun 1 2006 // ACE USA, the U.S.-based retail operating division of the ACE Group of Companies, announced the promotion of Joseph Sherry to Senior Vice President, Global Property, part of ACE USA’s International & Specialty...
Max Re Q1 Net $72.9 Million; Conference Call Today, Details
Jun 1 2006 // Bermuda- based Max Re Capital Ltd. has released its delayed results for the first quarter of 2006, which show net income of $72.9 million, or $1.15 per diluted share, compared to $37.7 million, or 75 cents per diluted...
A.M. Best: A ‘Mega-Cat’ Hurricane Would Be Fatal to Some Insurers
Jun 1 2006 // A new Special Report from the A.M. Best Company on the impact of a possible “mega-cat” hurricane — $100 billion or more in insured losses — finds that the financial consequences would be serious and...
New Orleans Health Care Groups Sue St. Paul Travelers
May 31 2006 // In a lawsuit filed on May 23, Civil Action No. 06-2777, in the United States District Court for the Eastern District of Louisiana, Building Concepts & Designs Construction Inc. (BCD) as assignee and attorney in fact...
Aon Corp. Responds to U.S. Treasury’s Request for Comment on Future of Terrorism Act
May 31 2006 // Chicago-based Aon Corp. has responded to the U.S. Treasury’s request for comment on the state of the U.S. terrorism insurance marketplace, warning of the danger of allowing the Terrorism Risk Insurance Act of 2002...
Federal Disaster Aid Available for Flood Victims in Mass., N.H. and Maine
May 26 2006 // The head of the U.S. Department of Homeland Security’s Federal Emergency Management Agency (FEMA) announced that federal disaster aid has been made available in Massachusetts, New Hampshire and Maine to help people...
White Paper Voices Concern About Property Insurance Market’s Status
May 26 2006 // The insurance industry is bracing for another active hurricane season if predictions turn into reality. Most insurance companies, including the state-run insurer of last resort, have filed for rate increases as the entire...
Millions of Renters Lack Insurance, Says Agents’ Survey
May 24 2006 // Almost 25 million U.S. families renting their homes are going bare on insurance coverage, leaving themselves vulnerable to serious property and liability losses. Many renters without coverage own valuable, high-tech...
PIA of La. Stresses Preparation for 2006 Hurricane Season
May 24 2006 // Due to the upcoming start of Hurricane Season on June 1, the Professional Insurance Agents (PIA) of Louisiana launched a public awareness campaign that includes the following tips for insurance consumers to prepare for the...
Integro Appoints Sean Sullivan as Principal, Property Practice for San Francisco Office
May 23 2006 // Sean Sullivan has joined Integro’s San Francisco office as a Principal in the property practice. Mr. Sullivan joins Integro from Hilb Rogal & Hobbs, where he served as a vice president in the firm’s...
