Latest Property Headlines

Number of Federal Tort Trials Plummeted 80%, Justice Department Reports

Sep 5 2005 // The number of tort trials concluded in U.S. district courts declined by nearly 80 percent, falling from 3,600 in 1985 to fewer than 800 in 2003, according to a new report released by the Department of Justice Bureau of...

Regulators Say Industry Prepared for Katrina’s Cost

Sep 2 2005 // The National Association of Insurance Commissioners (NAIC) says that while the damages from Hurricane Katrina may set record losses, the property and casualty industry maintains the adequate capital and liquidity required...

Property Claim Services and I.I.I. Rank Fire Losses

Sep 1 2005 // The Property Claim Services of ISO and the Insurance Information Institute (I.I.I.) have ranked the nation’s five most expensive wildland fires in insured losses. As reported in AP, the most expensive fires from 1970...

PCI Stresses Patience as Help Flows to Katrina Victims

Sep 1 2005 // Now in the third day after the country’s most catastrophic natural disaster property owners and residents are still trying to come to terms with the extent of the devastation caused by Hurricane Katrina. The Property...

Nationwide Mutual Insurance Company Will Limit Fla. Property Exposure

Aug 31 2005 // The Nationwide Mutual Insurance Company announced today that it will reduce its property exposure in Florida. “As we continue to analyze our business strategy, it has become increasingly apparent that we are not...

Insurers Post Special Toll-Free Numbers to Help Katrina Victims as Storm Moves North

Aug 29 2005 // Policyholders with questions regarding their coverage for damage caused by Hurricane Katrina should contact their insurance agent or company representative. To assist consumers, special toll-free numbers have been set up...

MHBT Welcomes New VPs

Aug 26 2005 // Dallas-based McQueary Henry Bowles Troy L.L.P. (MHBT), one of the largest privately owned insurance brokerages in the nation, announced the recent appointments of Carla Paschal and Ann Forkner as vice presidents of...

Allied World Announces Three Management Changes

Aug 25 2005 // Allied World Assurance Company, Ltd. [AWAC] has announced the following management changes: — Daniel Brandon has been promoted to the position of senior vice president, Professional-Specialty Lines Treaty...

General Casualty Expands Commercial Offerings, Welcomes Larger Properties

Aug 24 2005 // General Casualty Insurance Companies recently introduced enhanced commercial coverages and capacity and became a market for additional manufacturing lines of business. The Sun Prairie, Wisconsin-based property and casualty...

Claims History Model Act Now in Hands of State Legislators

Aug 22 2005 // NCOIL Model Addresses Use of Claims, Inquiries in Underwriting Homeowners Consumers who initiate a homeowners insurance claim but never receive payment could find that single incident may be used by their insurer to cancel...

People

Aug 22 2005 // The National Association of Government Labor Officials (NAGLO) during its 2005 summer conference elected Minnesota Department of Labor and Industry Commissioner Scott Brener president. With members from more than 30 U.S....

Latin Agents Tackle Wind Damage Issues; Explain Confusing Condo Statutes

Aug 22 2005 // Like a hurricane rolling in from the Atlantic, a panel on hurricane insurance claims, moderated by Rudy Valdez-Diaz, a past-president of the Latin American Association of Insurance Agents, went into high-gear during the...

News Briefs

Aug 22 2005 // ALABAMA Hurricane Sales Tax Measure Dies An effort was mounted during Alabama Legislature meetings to grant a sales tax break on necessary supplies to prepare for a hurricane but the measure did not pass. Its sponsor Rep....

Looyenga Outlines Major Hurricane Policy Changes

Aug 22 2005 // Open Market System Suggested: It’s essential to prepare now in case that one-in-10,000 major hurricane hits the Southern United States, Roger Looyenga, CEO of Auto-Owners Ins-urance said at the Florida Assoc-iation...

Marcus Humphrey

Aug 22 2005 // McQueary Henry Bowles Troy LLP (MHBT), based in Dallas, recently named Marcus Humphrey vice president and leader of the firm’s Employee Benefits group. As vice president, Humphrey’s primary responsibilities...

Aug 22 2005 // Calabasas, Calif.-based Lionheart Insurance Services has hired Russ McFarren as an excess and surplus broker. He began his insurance career in Ohio and relocated to Los Angeles in 1963 with the Pacific Indemnity Insurance...

Claims History Model Act Now in Hands of State Legislators

Aug 22 2005 // Consumers who initiate a homeowners insurance claim but never receive payment could find that single incident may be used by their insurer to cancel their policy, or raise their premium, under a new claims history model...

AVRECO Notes Personnel Moves

Aug 10 2005 // Insurance wholesale insurance brokerage AVRECO announced the appointment of Jody Oster to its Chicago-based casualty team. Oster has almost five years of insurance experience and works with manager Mark Senkbeil placing...

Adam Corporation Subsidiary Reliable Reports Completes Acquisition of CIG

Aug 10 2005 // LEWISVILLE, TEXAS (July 26, 2005) – The Adam Corporation/Group (“TAC”), a privately owned holding company, announced today that its wholly owned subsidiary Reliable Reports, Inc. (“Reliable”)...

Fore! Golf Course Owners: Watch Out for Errant Shots

Aug 8 2005 // Massachusetts Court Favors Homeowners in Trespass by Golf Balls To drive home her point, Joyce Amaral lugged six plastic buckets containing a total of 1,800 golf balls into court. The balls were just some of those she...