Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
ACE Appoints Talbott President of North America Property & Specialty Lines
Jul 22 2013 // The ACE Group promoted Derek Talbott to division president, North America Property & Specialty Lines. Talbott succeeds Paul McNamee, who has been named deputy president of ACE’s Asia Pacific region. With more...
West Virginia Property Insurance Market Stable
Jul 22 2013 // West Virginia property owners in general didn’t see a huge uptick in insurance premiums after making claims from last summer’s massive windstorm, state data shows. Figures compiled by the state insurance...
Hill to Lead ACE Group’s International Property Business
Jul 19 2013 // The ACE Group has appointed Jarrod Hill to Executive VP and Head of International Property for ACE’s Overseas General business, effective September 1, 2013. He will have responsibility for all of ACE’s retail...
Montana Tornado Damages Property, No Injuries
Jul 18 2013 // Roosevelt County officials are assessing the damage done by a tornado that touched down about 20 miles north of Poplar, Mont. Emergency services coordinator Dan Sietsema says at least two farm sites were hit by the tornado...
ACE Expands Catastrophe Capacity in North America
Jul 15 2013 // The ACE Group has increased catastrophe limits to $30 million across all its North American retail and wholesale broker-distributed commercial property lines of business. This capacity will be offered through ACE’s...
Huge Post-Sandy Tax Increases Fail to Materialize
Jul 15 2013 // With all the fears that Superstorm Sandy created, here’s one that never materialized: huge tax increases to make up for property destroyed along the coastlines of New Jersey, New York and Connecticut. Waves of...
Louisiana Officials Want to Speed up Disposal of Blighted Property
Jul 11 2013 // With thousands of properties caught in a three-year legal holding pattern, Baton Rouge, La., and other officials across the state want the New Orleans treatment on dealing with blight. New Orleans already secured a state...
New Jersey Court Rules Against Homeowners in Dune Dispute
Jul 8 2013 // A New Jersey town can present evidence of the benefits of building dunes as storm barriers when homeowners with beachfront properties seek compensation for losing their ocean views, the state’s highest court...
Erie Insurance Announces Property Development Plan for Downtown Erie, Penn.
Jul 2 2013 // Erie Insurance announced Monday that beginning this summer, the company will begin development of several properties that it recently bought near its headquarters in downtown Erie, Pennsylvania. The plan includes building...
U.S. Property Cat Re Prices Down, Casualty Softening: Willis Re
Jul 2 2013 // Reinsurers are taking “robust defensive measures to maintain market positions recently eroded by new capital markets entrants,” with prices down 25 percent on some Florida property accounts, according to a new...
West Virginia Property Insurance Stable Despite 2012 Storm Payouts
Jul 1 2013 // West Virginia property owners in general didn’t see a huge uptick in insurance premiums after making claims from last summer’s massive windstorm, state data shows. Figures compiled by the state Insurance...
P/C Insurers Turned Profit on Underwriting in Q1, Attained Record Surplus
Jun 24 2013 // First quarter results for U.S. property/casualty insurers show they made a profit on underwriting for the first time since late 2009. Private U.S. property/casualty insurers’ net income after taxes rose to $14.4...
Rate Hikes on Agenda for Florida’s Citizens Insurance
Jun 24 2013 // Florida’s largest property insurer, already under fire for everything from recent business deals to how much it pays its executives, is readying another round of rate hikes for homeowners. The board of Citizens...
Oklahoma Insurance Commissioner Caps Fees for Public Adjusters
Jun 18 2013 // Oklahoma Insurance Commissioner John D. Doak has issued a bulletin to all Oklahoma-licensed public adjusters advising them not to charge customers more than 10 percent of the total claim settlement. The Oklahoma Insurance...
Freedom Specialty Launches Lease Protection for Property Owners, Managers
Jun 17 2013 // Freedom Specialty Insurance Co. has launched the Freedom Lease Protection Plan policy, which is designed to indemnify multifamily property owners and managers (POMs) against collection losses from tenant defaults. POMs can...
Insured Property Values in Coastal States Top $10 Trillion; Florida Has Most at Risk; Miami Ranks 2nd Among Metros
Jun 17 2013 // In separate reports AIR Worldwide and CoreLogic estimated insured property values in coastal areas of the United States reaching into the trillions of dollars. CoreLogic, focusing on residential properties exposed to storm...
Property Crime Down, Violent Crime Up in 2012: FBI
Jun 17 2013 // The nation experienced a 1.2 percent increase in the number of violent crimes and a 0.8 percent decline in the number of property crimes in 2012 when compared with data from 2011, the FBI said. Violent crime increased in...
Texas Law Change Would Allow Reappraisals After Disaster
Jun 6 2013 // Hundreds of property owners whose homes and businesses were damaged by the earth-rattling fertilizer plant explosion that devastated the town of West in April may catch a break on their property taxes under recently...
Property Crime Down, Violent Crime Up in 2012: FBI
Jun 3 2013 // The nation experienced a 1.2 percent increase in the number of violent crimes and a 0.8 percent decline in the number of property crimes in 2012 when compared with data from 2011, the FBI said. Violent crime increased in...
Hurricane Season and Florida’s Insurance System: Living on Borrowed Time?
Jun 3 2013 // Mother Nature has been kind to Florida’s coastline lately with a record run of seven years without a hurricane making landfall, allowing property insurers time to re-stock their depleted coffers. As a result, before...
