Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
XL Insurance Combines Property, Asset Protection; 6 Engineering Heads Named
Jan 11 2012 // XL Group plc’s Insurance segment has combined its Property Underwriting and XL Global Asset Protection Services (XL GAPS) engineers to form one unified team, which consists of “nearly 200 risk engineers...
Endurance Promotes Boland to Senior VP in New York Office
Jan 10 2012 // Endurance Specialty Holdings promoted Mark Boland to the position of senior vice president, primary casualty insurance. In his new role, Boland will lead Endurance’s U.S. wholesale primary casualty insurance...
Florida’s Citizens Property CEO Wallace to Exit
Jan 10 2012 // Citizens Property Insurance Corp. President Scott Wallace has announced that he will step down as president and CEO of the corporation effective April 6. Wallace, who has served more than six years as the CEO of the...
Federal Risk Retention Law Needs Clarification: Congressional Report
Jan 10 2012 // The federal law governing risk retention groups should be clarified to reduce the number of disagreements between RRG managers and state regulators and to clarify the coverage RRGs may offer, a Congressional report...
5 Strategies for P/C Insurers for 2012
Jan 10 2012 // The economic uncertainty that plagues buyers of insurance does not bode well for the property/casualty insurance industry, experts are warning. Ernst & Young, the global tax and business advisory firm, said it expects...
More Louisiana Property Owners Move to Private Insurers
Jan 9 2012 // Fresh data shows Louisiana’s insurer of last resort keeps churning away on getting private insurers to pick up policyholders, a problem largely stemming from the 2005 hurricanes. For policyholders of Louisiana...
Insurance Veterans’ Forecasts for 2012
Jan 5 2012 // Now that the year 2011 is behind us, let’s take a look at what might be ahead. Insurance Journal spoke with leading industry professionals and asked them what they are expecting this year. If their forecasts are any...
Fire Risk Lower in High-Rise Buildings: Report
Dec 29 2011 // Fires in high-rise buildings cause about $230 million in property damage and take more than 50 lives a year. But high-rise buildings tend to present a lower risk of fire and associated losses than lower-rise building,...
Catastrophes Erode P/C Insurers’ Results for 9 Months of 2011
Dec 27 2011 // Private U.S. property/casualty insurers’ net losses on underwriting grew to $34.9 billion in nine-months 2011 from $6.3 billion in nine-months 2010. The combined ratio deteriorated to 109.9 percent for nine-months...
What is it About the PRIS Designation
Dec 27 2011 // The Property Risk Insurance Specialist (PRIS) program is an intense, three-day study of all areas of property insurance developed by Insurance Partners Academy and contributed to by the Insurance Journal Academy of...
Vermont Mutual Appoints Property Risk Control Manager
Dec 22 2011 // Vermont Mutual Insurance Company, based in Montpelier, Vt., recently appointed industry veteran Donald Rung as property risk control manager. Rung has more than 33 years of loss control experience in the insurance industry...
Property Risk Insurance Specialist
Dec 21 2011 // The Property Risk Insurance Specialist (PRIS) program was developed by Insurance Partners Academy and is contributed to by the Insurance Journal Academy of Insurance. PRIS allows agents, brokers, underwriters, risk...
For Florida Gov. Scott, Insurance Fixes Are Legislative Priority
Dec 21 2011 // Gov. Rick Scott wants lawmakers to fix a pair of auto and property insurance issues that are costing Floridians hundreds of millions of dollars but have eluded resolution for more than a decade. The issue facing the...
Fact or Fiction? Insurance Tidbits of Known and Little-Known Information
Dec 16 2011 // Have you ever wondered how modern-day fire departments began? Or why agents buy E&O coverage? What about when the first business owners policy launched? These are just a few questions that Insurance Journal and Claims...
Property Rates on the Rise
Dec 16 2011 // Nearly half of the U.S. property insurance policies renewed in the current quarter have been at higher prices, brokerage Marsh said, adding fuel to an industry turnaround after years of declining rates. Marsh said 48...
Preparedness Stressed on 200th Anniversary of the New Madrid Earthquakes
Dec 15 2011 // On the 200th anniversary of the first tremors of the New Madrid earthquakes, which were several of the most powerful quakes the United States has ever experienced, an insurance industry-backed group is reminding consumers...
Texas School May Build Safety Wall After Shooting Injures Students
Dec 15 2011 // Dozens of law enforcement officers trudged through soggy brush near a South Texas middle school on Dec. 13 looking for casings and other evidence to help explain how two boys were shot while they were trying out for the...
Florida Gov. Scott Questions Citizens Insuring High-Risk Construction
Dec 8 2011 // Gov. Rick Scott said he is concerned about Florida’s state-backed property insurer providing discounted coverage on new construction projects in high-risk areas. Scott questioned Citizens Property Insurance Corp....
William Gallagher Associates in Boston Announces Promotions
Dec 6 2011 // William Gallagher Associates, a broker and risk management services provider, promoted Paula Cabral, Karen Cangemi and Meredith McCabe to the position of senior vice president. The brokerage firm also promoted Brendan...
Availability of Earthquake Insurance Increasing in Oklahoma
Dec 5 2011 // Two managing general insurance agencies have increased earthquake insurance coverage in Oklahoma in the aftermath of the 5.6 magnitude tremblor that occurred near Sparks on Nov. 5. The Oklahoma Insurance Department said...
