Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
Florida Looking for Ways to Curb Sinkhole Losses
Jan 24 2011 // Florida lawmakers are trying to address the cost of sinkhole claims, which state officials and insurers say are driving up property insurance rates and could threaten the solvency of some domestic insurers if not brought...
Main Street America Introduces Personal Auto, Property Product to Grain Dealers Agents in Indiana
Jan 20 2011 // The Main Street America Group has introduced its Personal Auto MVP property and liability product via its network of nearly 100 Grain Dealers Mutual Insurance Company independent insurance agents throughout Indiana. Super...
J.M. Wilson Hires Lombardo as Property/Casualty Underwriter
Jan 20 2011 // Managing general agency J.M. Wilson has added Katie Lombardo as a property/casualty underwriter in its Arlington Heights, Ill., office. Lombardo will review, quote, bind and service commercial P/C accounts for the...
What to Know About Snow
Jan 17 2011 // Snow can be more than an irritant and disruption for small businesses. It can also be a legal liability. This is the season for insurance agents and brokers to remind their clients of their potential liability: Let’s...
Florida Lawmakers Seek Ways to Curb Sinkhole Losses
Jan 14 2011 // Florida lawmakers are trying to address the cost of sinkhole claims, which state officials and insurers say are driving up property insurance rates and could threaten the solvency of some domestic insurers if not brought...
Pennsylvania Insurance Program for Homes Above Mines Active
Jan 13 2011 // As many as 1 million Pennsylvania homes sit above abandoned coal mines, yet a state-subsidized insurance program for mine subsidence has issued only 58,000 policies. Abandoned mines are in 43 of Pennsylvania’s 67...
Federal Judge Dismisses Suits Against Insurers Over Chinese Drywall Coverage
Jan 10 2011 // A federal judge in Louisiana in mid-December let 10 insurance companies being sued by Louisiana homeowners over property damage resulting from the installation of defective drywall from China off the hook for coverage from...
Jan. Reinsurance Renewals Saw ‘Orderly Rate Softening,’ Says Towers Watson
Jan 10 2011 // Record reinsurer capital levels, strong reinsurer capacity, an absence of major catastrophe losses in the U.S. and competitive pressures helped push down January 1 renewal rates for U.S. property/ casualty reinsurance...
PuroClean to Open New Property Restoration Training Facility
Jan 5 2011 // Florida-based PuroClean, which specializes in property emergency restoration services, announced plans to open a new Applied Structural Drying (ASD) Demonstration Facility. The company said the facility is only the 17th...
Year-End Storms Cloud P/C Insurers’ Profit Picture
Jan 5 2011 // U.S. property insurers like Travelers Cos. Inc. and Chubb Corp. were expecting a relatively mild fourth quarter for catastrophe losses, but a series of punishing storms across the country in December may have blown away...
Oahu Property Owners Urged to Buy Flood Insurance
Dec 31 2010 // Emergency management officials are urging Oahu property owners to buy flood insurance at current rates before new flood maps — and resulting higher prices — kick in next month. The Federal Emergency Management...
How to Fix Nation’s Flood Insurance Program
Dec 31 2010 // The Federal Emergency Management Agency (FEMA) is seeking a top-to-bottom review of the efforts to reform the nation’s flood insurance program. The National Association of Mutual Insurance Companies (NAMIC) has...
How to Fix Nation’s Flood Insurance Program
Dec 30 2010 // The Federal Emergency Management Agency (FEMA) is seeking a top-to-bottom review of the efforts to reform the nation’s flood insurance program. The National Association of Mutual Insurance Companies (NAMIC) has...
Insurers’ Recent Success a Milestone in a Year of Chinese Drywall Litigation
Dec 23 2010 // A federal judge in Louisiana recently let 10 insurance companies being sued by Louisiana homeowners over property damage resulting from the installation of defective drywall from China off the hook for coverage from those...
Southeast’s Top Stories: Disasters That Happened and 1 That Didn’t
Dec 23 2010 // The top insurance stories in the Southeast in 2010 included several disasters that caused considerable death and destruction in the region and one that didn’t do as much harm as feared. The April 20 blowout of...
Willis’ FINEX National Strengthens VEAGIS for UK Property Experts
Dec 23 2010 // FINEX National, which handles financial, professional and management liability insurance for clients of Willis Group Holdings, announced that it has launched a new offering under its VEAGIS brand, a professional indemnity...
Torus Strengthens European Service Delivery with Senior Appointments
Dec 21 2010 // Global specialty insurer Torus announced the appointment of Jason Mortimer as European Client Relationship and Business Development Director. He formerly headed European Property operations. Mortimer will now direct client...
Insurance Vital to Alabama Coast Long-Term Plan, Says Commission
Dec 21 2010 // Coastal Alabama should seize the BP Gulf oil disaster as an opportunity for “resiliency planning” that will not only help the region recover from the oil damage but also put it in a position to better recover...
Property, Violent Crimes Decline in U.S. in First Half 2010: FBI
Dec 20 2010 // The nation experienced a 6.2 percent decrease in the number of violent crimes and a 2.8 percent decline in the number of property crimes from January to June 2010. Arson, motor vehicle theft, larceny-theft fell and...
Fact or Fiction? Insurance Tidbits of Known and Little-Known Information
Dec 20 2010 // Have you ever wondered what big events helped shape regulation of the current U.S. insurance industry? Or if drivers of certain cars have more risk? What about the most attractive insurance job in the industry? These are...
