Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
2011 Super Regional P/C Insurers™
May 16 2011 // Demotech Inc. Reveals Leading Multi-State P/C Carriers The original criteria and objective definition for Super Regional P/C Insurers™ was established in the Feb. 12, 2007 issue of Insurance Journal. Prior to the...
Business Losses Due to ‘Action’ by Civil Authorities: When Is There Coverage?
May 16 2011 // Virtually all insurance policies contain provisions and exclusions dealing with events that most insureds consider so remote and unlikely that they rarely give any thought to their possible occurrence, much less what...
Florida Lawmakers Approve Property Reform
May 16 2011 // In the closing days of Florida’s legislative session, lawmakers approved a bill that addresses sinkhole claims and a number of other property insurance issues. In addition to redefining sinkhole losses, the measure...
2011 Super Regional Property/Casualty Insurers™
May 16 2011 // Alphabetical listing Acuity a Mutual Insurance Co. AIU Insurance Co. Alaska National Insurance Co. American Commerce Insurance Co. American Family Mutual Insurance Co. American Hallmark Insurance Co. of TX American...
People
May 16 2011 // J. Smith Lanier & Co. has appointed Rosemary Blair as the new senior vice president of its International Practice. Based out of J. Smith Lanier’s Atlanta office, Blair will assist producers with their...
Outlook Negative but ‘A’ Rating Affirmed for Motorists Insurance Pool
May 13 2011 // A.M. Best Co. has revised the outlook to negative from stable and affirmed the financial strength rating (FSR) of A (Excellent) and issuer credit ratings (ICR) of “a” of The Motorists Insurance Pool (Motorists...
Florida’s Citizens Property Insurance Boosts Reinsurance
May 13 2011 // Florida’s state-backed property insurance company is shoring up its ability to pay claims to home and business owners should a major hurricane or series of storms hit the state this year. For the first time in three...
Business Losses Due to Civil Authority Action: When Is There Coverage?
May 12 2011 // Virtually all insurance policies contain provisions and exclusions dealing with events that most insureds consider so remote and unlikely that they rarely give any thought to their possible occurrence, much less what...
Florida Approves Property Insurance Reform
May 9 2011 // Homeowners’ insurers in Florida are breathing a sigh of relief after succeeding in a months-long battle to obtain property insurance reforms designed to reduce costs and stabilize the market. After watching state...
Newins Named Property Casualty Division Director in Kansas
May 6 2011 // Kansas Commissioner of Insurance Sandy Praeger named department veteran Jim Newins as the new Property and Casualty Division Director at the Kansas Insurance Department (KID). Newins began working for KID in 1988 as an...
Lockton Study Finds Recent Catastrophes, Changing Models Affecting Property
May 3 2011 // In a new Market Update report insurance broker Lockton cautions that aftershocks from earthquakes in Asia Pacific and new catastrophe models create an uncertain environment for property insurance buyers. In the report...
Cincinnati Financial Corp. Sees Decreased Income in Q1
May 3 2011 // Ohio-based Cincinnati Financial Corp. reported first quarter 2011 net income of $62 million compared with $68 million for the same period in 2010. Operating income came in at $55 million compared with $63 million during...
Property Rates Expected to Rise From Catastrophes, Revised Cat Model
May 2 2011 // Property insurance rates could be on the rise thanks to first quarter catastrophe losses, including the earthquake and tsunami in Japan, and a revised catastrophe model. During the second quarter, rates for North American...
Business Losses Due to ‘Action’ by Civil Authorities: When Is There Coverage?
May 2 2011 // Virtually all insurance policies contain provisions and exclusions dealing with events that most insureds consider so remote and unlikely that they rarely give any thought to their possible occurrence, much less what...
Florida Senate Passes Property Insurance Overhaul
Apr 29 2011 // The Florida Senate has passed a property insurance overhaul aimed at creating more competition in the private marketplace and also cut down on fraudulent sinkhole claims. The measure (SB 408) passed on a 25-12 vote after...
Officials, Insurers Begin Tallying Damages from Deadly Storm
Apr 29 2011 // Officials in Southeast states hammered by a storm that killed at least 300 people have begun the task of evaluating the damage. Alabama appears to have suffered the brunt of the storm, where Tornadoes struck particularly...
Towers Watson Names Osean as VP, Property Insurance
Apr 28 2011 // Towers Watson named Brendan Osean as vice president, property insurance, in its insurance brokerage business. In his role, Osean will be responsible for overseeing the design and placement of commercial property insurance...
Calif. Bill Proposes Consolidating Insurance Disclosure Notices
Apr 28 2011 // California legislators are considering whether to allow certain insurance policies and disclosures to be consolidated into one document, printed in smaller type. Currently, the law requires an insurer, upon receiving...
Major Florida PIP Reform Effort Dies in Committee
Apr 27 2011 // The industry’s push for comprehensive reforms to Florida’s no-fault personal injury protection (PIP) insurance law came to an abrupt end in Florida after a House committee by a single vote margin rejected a...
Peerless Insurance Adds 40-Plus Business Classes to Small Commercial Program
Apr 27 2011 // Peerless Insurance, a Liberty Mutual Agency Corp. regional company, has expanded its small commercial appetite with the addition of more than 40 business classes to its Commercial Protector BOP product. The majority of the...
