Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
LAAIA Topic: How to Place Commercial Property Insurance in Dade County
Jul 28 2005 // Three well-known South Florida commercial property insurance placement experts will provide insight into how to write this insurance in Miami-Dade County, Fla. and how to avoid becoming confused with county rules and...
Pa. Supreme Court Holds Building Collapse Coverage Ambiguous
Jul 26 2005 // The Pennsylvania Supreme Court has held that property insurance coverage for the “collapse” of a building is ambiguous and should be construed in favor of policyholders. The court granted coverage in instances...
Safeco Stops Writing New P/L Property Policies in Fla.; Will Stop Renewing Them in 2006
Jul 26 2005 // As of July 26, Safeco stopped writing new personal property policies in Florida and has notified the Florida Office of Insurance Regulation that at the beginning of 2006, it plans to stop renewing personal lines property...
Hurricane Dennis Losses Estimated at $900 Million in Four S.E. States
Jul 26 2005 // Insurance companies are expected to pay policyholders in four states $900 million on claims for insured property losses from Hurricane Dennis according to damage estimates released by the Florida Insurance Council and...
TDI Urges Coastal Residents to Review Insurance Coverages
Jul 22 2005 // During this already active hurricane season, officials at the Texas Department of Insurance are reminding all Gulf Coast home and business owners that is important to periodically review your insurance policies to ensure...
Conning Forecasts Strong PC Insurance Results Through 2007
Jul 20 2005 // Property/casualty insurance industry results should be relatively strong from 2004 through 2007, according to a new study by Conning Research and Consulting Inc. “Our latest projections indicate a slightly better...
A Consumer View on Loss-History Databases
Jul 18 2005 // Thanks to the leadership of Commissioner Jim Poolman, North Dakota insurance consumers now have common-sense protections against unfair underwriting and rating actions by insurers because of information in loss history...
Gregg has held a number of executive positions within Liberty Mutual’s commercial insurance operations since joining the
Jul 18 2005 // OneBeacon Insurance Group, a wholly owned subsidiary of White Mountains Insurance Group Ltd., announced that Mike Miller, its current chief operating officer, has been appointed president and chief executive officer....
A Consumer View on Loss-History Databases
Jul 18 2005 // Thanks to the leadership of Commissioner Jim Poolman, North Dakota insurance consumers now have common-sense protections against unfair underwriting and rating actions by insurers because of information in loss history...
The Industry Goes to School: Universities That Offer Insurance Degrees
Jul 18 2005 // Twenty years ago, it was nearly impossible to find colleges and universities offering degrees in insurance. Now there are many programs across the nation that offer bachelor’s degrees, concentrations, certifications...
Insurance Community Concerns Mount Over Climate Change Debate
Jul 18 2005 // To paraphrase an old adage: “Nothing concentrates the overall mind of the property/casualty insurance community as much as the approaching certainty of large loss events.” So, it’s no wonder that many...
Best Takes Various Actions on 52 Canadian P/C Insurers
Jul 11 2005 // A.M. Best Co. has affirmed the financial strength ratings of 36 Canadian insurers, downgraded the ratings of four, upgraded the ratings of nine and assigned ratings to three Canadian property/casualty insurers. These...
LAAIA Agents Tackle Condo Policy Issues, Find Statutes Confusing
Jul 7 2005 // Major changes in Florida Statute 718 and how insurance agents should write condominium policies, based on what part of a condominium property should be covered by the condominium association and what part must be covered...
Citizens Property Returns More than 32,000 Policies to Private Market
Jul 6 2005 // More than 32,000 Florida homeowners insurance policies were returned to the private market in June, 2005, officials with Citizens Property Insurance Corporation announced this week. The added policies bring this...
ISO: Insurers’ $920M CAT Losses is Lowest for Q2 in a Decade
Jul 6 2005 // U.S. property/casualty insurers are expected to pay homeowners and businesses an estimated $920 million for second-quarter insured property losses from four catastrophes in 25 states — the lowest tally among second...
News Briefs
Jul 4 2005 // MASSACHUSETTS Romney Would Require Insurance: Gov. Mitt Romney would require every person in the state to have health insurance under his plan for universal health coverage, which he has dubbed the Safety Net Care...
People
Jul 4 2005 // Columbus, Ohio-based Grange Insurance has promoted Alan D. Brannan to the new post of president of property/casualty for the Grange Mutual Casualty Group. In his new role, Brannan will oversee all property/casualty...
News Briefs
Jul 4 2005 // ALABAMA Arlene’s Timing Perfect for Referral List When Tropical Storm Arlene blew through Alabama it made the timing ideal for the release of a homeowners insurance referral list providing area homeowners with the...
LEAD PAINT LAW GOES INTO EFFECT:
Jul 4 2005 // The state’s Lead Hazard Miti-gation Law went into effect July 1. The law requires all rental property owners to take a three-hour lead hazard awareness class and meet and maintain the lead hazard mitigation standard,...
FAIA Speaker Warns: Make Hurricane Policy Changes Before That One-in-10,000 Hurricane Hits
Jul 1 2005 // 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 Insurance told conventioneers attending the Florida Association of...
