Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
Miss. Communities Have Until Feb. 28 to Collect Debris Roe Requests
Feb 21 2006 // Local governments in Mississippi requesting federal funding for debris removal on private property have until Feb. 28, 2006, to collect signed Right of Entry (ROE) requests from residential property owners. The date...
What does a ‘Valued Policy’ cover in Louisiana and Mississippi?
Feb 20 2006 // As is obvious from a perusal of newspaper articles and legal journals, the devastating damage throughout the entire Gulf Coast Region from the recent hurricane season has raised numerous legal issues regarding insurance...
Often overlooked, accurate insurance-to-value should be a priority
Feb 20 2006 // When underwriting for commercial properties, insurers need to obtain accurate insurance-to-value (ITV) calculations so they can charge the right premiums for the risks they assume. Adequate ITV is not an issue to be taken...
Meetings
Feb 20 2006 // Introduction to Insurance Glendale Community College (Calif.) has added new credit courses for training in the insurance industry. Courses were developed as part of a $1.2 million President’s Community-Based Job...
Often overlooked, accurate insurance-to-value should be priority
Feb 20 2006 // When underwriting for commercial properties, insurers need to obtain accurate insurance-to-value (ITV) calculations so they can charge the right premiums for the risks assumed. Adequate ITV should not be taken lightly. If...
Excess and surplus lines wholesalers see a steady wave of growth in 2006
Feb 20 2006 // Excess and surplus lines experts expect to see steady premium growth in 2006, with commercial property and contractors business leading the way, according to an exclusive Insurance Journal survey. Nearly 85% of survey...
Growing Your Property Casualty Agency
Feb 20 2006 // Hiring a relative can be a terrific or a terrible move. Unfortunately, it isn’t always easy working with your relatives, day after day. Personal and professional problems frequently arise. Regardless, for years,...
Often overlooked, accurate insurance-to-value should be a priority
Feb 19 2006 // There often are not many incentives for agents and brokers to calculate accurate property and business interruption values. When underwriting for commercial properties, insurers need to obtain accurate insurance-to-value...
What does a ‘Valued Policy’ cover in Louisiana and Mississippi?
Feb 19 2006 // In general, “Valued Policy” statutes require an insurer to ascertain the value of the property being insured at the time a policy is written and to pay that value to the insured when there is a total loss. As...
Meetings
Feb 19 2006 // Glendale Community College (Calif.) has added new credit courses for training in the insurance industry. Courses were developed as part of a $1.2 million President’s Community-Based Job Training Grant involving 16...
Often overlooked, accurate insurance-to-value should be priority
Feb 19 2006 // Inadequate ITV is not just a problem for the insurance industry – it also can be detrimental to policyholders. When underwriting for commercial properties, insurers need to obtain accurate insurance-to-value (ITV)...
Growing Your Property Casualty Agency
Feb 19 2006 // Hiring a relative as an agency producer Hiring a relative can be a terrific or a terrible move. Unfortunately, it isn’t always easy working with your relatives, day after day. Personal and professional problems...
Special Report: E&S Snapshot Survey
Feb 19 2006 // Excess and surplus lines wholesalers see a steady wave of growth in 2006 Excess and surplus lines experts expect to see steady premium growth in 2006, with commercial property and contractors business leading the way,...
CNA Sees Q4 Net Loss of $217M
Feb 16 2006 // CNA Financial Corporation reported fourth quarter of 2005 results, which included the following items: * Net loss for the fourth quarter of 2005 of $217 million as compared with net income of $303 million for the same...
NAMIC Outlines Florida’s Initial No-Fault, Property Reform Bills
Feb 14 2006 // Although the start of the Florida Legislature is still three weeks away, lawmakers have released preliminary bill drafts on two major issues they will face during the upcoming legislative session: reenacting the...
Max Re Posts $11.4 Million Q4 Loss; $6.7 Million 2005 Profit
Feb 13 2006 // Bermuda-based reinsurer Max Re Capital Ltd. reported a net loss for the three months ended December 31, 2005 of $11.4 million, or 20 cents per diluted share, compared to net income of $87.1 million, or $1.82 per diluted...
PIA of Fla.: Lawmakers ‘Mulling Over’ Filings; Bill to Require ‘Loyalty Clause’
Feb 13 2006 // A “loyalty clause” prohibiting insurers from canceling a policy for homeowners who have been with a carrier for three or more years is part of a bill filed in the Florida Legislature by Sen. Ron Klein, D-Boca...
Time to reflect on hurricane lessons learned
Feb 6 2006 // There is no doubt that 2005’s unprecedented hurricane season stretched the human resources of the entire claims industry. Qualified, experienced adjusters were in high demand and short supply. While there are still...
Harvesting value: revaluation revolution comes to farms lines
Feb 6 2006 // Is the valuation revolution coming to farm insurance? For several years now, residential and commercial property insurance specialists have been employing new automated systems to refine their calculations of the value of...
News Currents
Feb 5 2006 // Florida Attorney General Charlie Crist (R), “Citizen’s Property Insurance Corp. needs an overhaul.” U.S. Rep. Jim Davis (D-Tampa), “Florida taxpayers are being ‘fleeced.'” Florida CFO...
