Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
It’s Not Easy Being Green; But It’s Profitable
Apr 21 2009 // Jim Henson’s most famous Kermit the Frog said it the best, “It’s not easy being green.” Today’s property owners and insurers understand that while it’s not easy going green, being green...
A.M. Best Calls AIU Vehicle ‘Positive First Step’ in AIG Insurance Rebranding
Apr 21 2009 // Rating organization A.M. Best Co. reported that its ratings and outlook of the property/ casualty subsidiaries of American International Group, Inc. (AIG) remain unchanged following the company’s announcement of the...
Mammolite to Head Ironshore’s U.S. Property Unit
Apr 20 2009 // Bermuda-based specialty insurer Ironshore Inc. has appointed Anthony Mammolite as executive vice president of its U.S. Property unit. Mammolite, who will be based in New York, will oversee strategy for the unit, which...
A New York State of Mind
Apr 20 2009 // Superintendent Eric Dinallo Redefines the Role of Regulator in the Insurance Industry New York Insurance Superintendent Eric Dinallo was thrust into the national spotlight last year as the insurance industry’s...
Arizona’s Wildfire Season Poses Risks for Homeowners
Apr 20 2009 // As the drought in the Southwest worsens, the wildfire season in Arizona grows longer, burning more acreage and threatening private property in forested areas. “The Arizona State Forestry Division estimates more than...
Rates Rising on U.S. Property Catastrophe Reinsurance
Apr 20 2009 // A new industry briefing shows reinsurance rates continuing to increase for the U.S. property-catastrophe reinsurance market for April 1, 2009, renewals. According to Guy Carpenter & Co.’s “Rates Up on...
P/C Insurers Profitable in 2008 Despite Big Hits From Catastrophes, Financial Crisis
Apr 20 2009 // Property/casualty insurers remained profitable in 2008 despite taking hits from several catastrophes, the recession and the ongoing financial crisis. P/C insurers earned $2.4 billion in net income after taxes in 2008, but...
New Property Managers Errors and Omissions Insurance Program Announced by New Empire Group
Apr 16 2009 // A new errors and omissions insurance program for property management firms, named SmartPro™, is now available from New Empire Group, Ltd. Robert E. Mackoul, CLU, Chief Executive Officer of New Empire Group...
Broker Lockton Advises Insurance Buyers to Expect Firming of Prices
Apr 16 2009 // Insurance buyers can expect upward pricing pressure in the coming months, according to global insurance broker Lockton. According to Lockton brokers writing in a new marketplace overview, insurers saw a “perfect...
P/C Insurers Profitable in 2008; Take Hit From Catastrophes, Financial Crisis
Apr 9 2009 // Property/casualty insurers remained profitable in 2008 despite taking hits from several catastrophes, the recession and the ongoing financial crisis. P/C insurers earned $2.4 billion in net income after taxes in 2008, but...
Guy Carpenter: Rates Rising on U.S. Property Catastrophe Reinsurance
Apr 7 2009 // A new industry briefing shows reinsurance rates continuing to increase for the U.S. property-catastrophe reinsurance market for April 1, 2009 renewals. According to Guy Carpenter & Co.’s “Rates Up on...
Nautilus Names Miali AVP, Property Underwriting
Apr 6 2009 // Nautilus Insurance Group named Thomas Miali as assistant vice president-property underwriting. Miali joins Nautilus from a reinsurance company where he served as vice president. His background includes managerial positions...
What’s So Special About Special Event Insurance?
Apr 6 2009 // The pitfalls of not placing special-event coverage, when it’s truly needed and available, can result in catastrophic losses to your insured, and possibly even damage the credibility of your agency and errors and...
Max Capital CEO Says Deal for IPC Better than Validus’ Offer
Apr 3 2009 // Max Capital Group’s deal to merge with rival IPC Holdings offers shareholders a better long-term deal than an unsolicited offer from Validus Holdings, Chief Executive Marston Becker said Thursday. Max’s deal is...
Arizona’s Wildfire Season Poses Many Risks for Homeowners
Apr 1 2009 // As the drought in the Southwest worsens, the wildfire season in Arizona grows longer, burning more acreage and threatening private property in forested areas. “The Arizona State Forestry Division estimates more than...
Westrope Adds Hol as Property Broker in Los Angeles Office
Mar 27 2009 // Kansas City, Mo.-based Westrope has added Joost Hol to its West Coast office in downtown Los Angeles. Joost is a property insurance professional who handled national and international property risks for AIG until 2007....
Insurers Find Geithner Regulatory Plan Unclear on Federal Role
Mar 27 2009 // The nation’s insurance industry found some things to like and not to like in Treasury Secretary Timothy Geithner’s proposed restructuring of financial services regulation. While Secretary Geithner said that any...
The Hanover Launches Wholesale Distributors Program
Mar 26 2009 // The Hanover Insurance Group Inc. introduced a new insurance program that offers specialty coverages for wholesale distributors and manufacturers. The new program, Wholesale Advantage, offers coverage for a broad range of...
People
Mar 23 2009 // Kansas Gov. Kathleen Sebelius is President Barack Obama’s choice for secretary of health and human services. Sebelius, 60, is seen as a solid choice to head HHS because as a governor responsible for the Medicaid...
Fastest Growing Industries to Focus On
Mar 23 2009 // Top 7 High-Growth Industries’ Risks and Unique Exposures Planning for the “upside” must begin now. The soft insurance market will end, and the rebound from the financial bottom will happen. But...
