Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
PIA of Fla. Clarifies Status of Citizens Property Insurance’s Commissions
Nov 14 2005 // The Citizens Property Insurance Corp. Board of Governors met in May and agreed to change the amount of commissions it paid to agents, but Professional Insurance Agents of Florida members complained to the association that...
Integro Opens Atlanta Office
Nov 9 2005 // Integro has announced that Frank Kinnett has joined the company to lead the firm’s insurance brokerage operations in the Southeast from a newly established office in Atlanta. Kinnett is joined by Quill O. Healey, who...
Citizens Property Board to Consider Rate Hikes When it Meets Next Week
Nov 9 2005 // Back-to-back insurance rate increases averaging 20 percent for non-hurricane premiums and 32 percent for wind-only premiums could be requested by Citizens Property Insurance Corp.’s board of directors after it meets...
Nonprofit D&O Essentials: Homeowners, Condo Association Boards Beware
Nov 7 2005 // Americans place significant value on their residential investments. So who wouldn’t want to get involved in one’s homeowners or condominium association? But the directors and officers of these nonprofit...
Disaster Claims and the Ripple Effect
Nov 7 2005 // Hurricane Katrina has long gone, but the aftereffects of the mighty storm are likely to linger for a very long time. Rita and Wilma have compounded the mess. The direct losses are staggering. The latest preliminary figures...
W.Va. Big ‘I’ Members Learn About Policy ‘Glitches,’ Coverage ‘Fixes’
Nov 7 2005 // Glitches” in policies agents select for insureds and possible coverage “fixes” to close these gaps or lapses in coverage were discussed by Fred Macy, president of Gray Wolf Insurance Seminars, during the...
Litigation as Corporate Reality
Nov 7 2005 // Key findings in the Fulbright & Jaworski 2005 Litigation Trends Survey: 1) Litigation Dockets — Eighty-seven percent of U.S. companies are engaged in some form of litigation in the U.S. Twenty percent had one to...
W.Va. Big ‘I’ Members Learn About Policy ‘Glitches,’ Coverage Fixes
Nov 6 2005 // Glitches” in policies agents select for insureds and possible coverage “fixes” to close these gaps or lapses in coverage were discussed by Fred Macy, president of Gray Wolf Insurance Seminars, during the...
Nonprofit D&O Essentials: Homeowners, Condo Association Boards Beware
Nov 6 2005 // Americans place significant value on their residential investments. So who wouldn’t want to get involved in one’s homeowners or condominium association? But the directors and officers of these nonprofit...
Professional liability ripples
Nov 6 2005 // urricane Katrina has long gone, but the aftereffects of the mighty storm are likely to linger for a very long time. Rita and Wilma have compounded the mess. The direct losses are staggering. The latest preliminary figures...
Frustration Grows in La., Miss., as Hurricane Survivors Wait for Insurers
Nov 4 2005 // Once a proud businessman, William Dwyer sits in a New Orleans-area parking lot these days begging his insurer for money. The 57-year-old retiree said he was quick to file claims after Hurricane Katrina severely damaged his...
Conning: Despite Storms and Competition, P&C Outlook is Good
Nov 3 2005 // Property casualty insurance industry results should be relatively strong from 2005 through 2007, despite 2005’s hurricane activity and an increasingly competitive market, according to a new report by Conning Research...
ISO: Insurers to Pay Hurricane Rita’s Victims $4.7B for Insured Property Losses
Nov 1 2005 // U.S. property/casualty insurers will pay an estimated $4.7 billion for insured property losses to residential and commercial policyholders affected by Hurricane Rita, according to preliminary analysis by ISO’s...
U of Georgia Teams With Appraisers on Personal Property Certificate
Oct 28 2005 // The University of Georgia, in partnership with the American Society of Appraisers, offering the Personal Property Appraisal Certificate Program. The program covers comprehensive personal property valuation in fine arts,...
Ind. High Court Rules Against Diminution of Value
Oct 27 2005 // The Indiana Supreme Court today ruled that insurance policies are not obligated to compensate damaged property for decline in value of the property after adequate repairs have been made. The insurance industry views the...
RIMS Benchmark Survey Reports Major Downturn in Commercial Rates
Oct 20 2005 // Commercial insurance premiums took a sharp downward turn in the third quarter, according to the RIMS Benchmark Survey, an industry survey of current policy renewal prices as reported by corporate risk managers. But some...
Fla. Insurance Industry Preps for Wilma
Oct 19 2005 // Hurricane Wilma, with a barometric pressure of 882 mb, is now the most intense hurricane on record in the Atlantic Basin. After rapid intensification Tuesday night, Wilma is now a potentially catastrophic Category 5...
Safeco Unveils Q3 Report; Hurricanes Play Major Role
Oct 18 2005 // Seattle-based Safeco reported solid third-quarter results, with net income of $101.1 million, or $0.80 per diluted share. This figure includes estimated after-tax net catastrophe losses of $115.8 million, or $0.91 per...
A.M. Best: P/C Insurers Report Strong Gains for First Half of 2005
Oct 17 2005 // The U.S. property/casualty industry recorded an underwriting profit of $13.2 billion during the first six months of 2005, a substantial gain from the record results posted during the comparable period of 2004, according to...
Growing a Niche in the Bed and Breakfast Industry
Oct 17 2005 // As leaves begin to fall in the Midwest, city dwellers are making an exodus to quaint towns like Galena, Ill. and Dubuque, Iowa to soak up the autumn colors and ambiance. For many, their stays center around a country inn or...
