Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
Glencairn Promotes Cook to CEO
May 11 2009 // Glencairn, a company within Faber & Dumas, the third-party wholesale insurance broker created by Willis, announced the promotion of Nick Cook to Chief Executive Officer effective immediately. Previously a Director and...
Elder Joins All Risks’ New REO/Foreclosure Property Program
May 8 2009 // Tom Elder has joined the All Risks National Specialty Programs unit as the lead financial institutions underwriter for the new nationwide REO/Foreclosure and Lender Placed Property Insurance Program. At All Risks, he will...
Florida Gov. Crist to Sign Property Insurance Rate Hike Bill
May 6 2009 // Florida Gov. Charlie Crist says he’ll sign legislation that increases property insurance rates by 10 percent on more than 1 million customers of the state-backed Citizens Property Insurance Corp. Crist said that...
Conning Study Examines P/C Insurance Industry Outsourcing
May 5 2009 // A new study by Conning Research and Consulting notes that the “property-casualty industry has been offshoring business processes since the Y2K fixes of the late 1990s, and a combination of continuing expense...
2009 Super Regional P/C Insurers™
May 4 2009 // The original criteria and objective definition for Super Regional P/C Insurers™ were established in the Feb. 12, 2007 issue of Insurance Journal. Prior to the establishment of an industry-wide definition, a number of...
Key Provisions of Property Insurance Bill Passed in Florida
May 4 2009 // Key provisions of the measure, HB 1495, sent to Gov. Charlie Crist by lawmakers on May 1, as identified by the Florida Banking and Insurance Committee staff include: Citizens Property Insurance Corp. Implements a rate...
Florida Governor Undecided on 10% Property Insurance Hike Measure
May 4 2009 // Customers of the state-backed Citizens Property Insurance Corp. in Florida will be paying 10 percent more for their property insurance by Jan. 1 under a bill headed to Gov. Charlie Crist. The Senate passed the bill (HB...
Florida Senate, House Seek to Close Property Insurance Legislation Gaps
Apr 29 2009 // The Florida House and Senate are trying informally to work out differences in bills to address the state’s property insurance crisis, including how much rates for more than one million customers of the state-backed...
Myrtle Beach Property Owners Add Wildfire to Hurricane Risk
Apr 28 2009 // They flock from other states and climes to the coast known as the Grand Strand, first as tourists, and later as residents, captivated by ocean views, rolling green fairways and the relaxed lifestyle. Most knew that an...
Florida Rep. Proctor Challenges Commissioner McCarty’s Insurance View
Apr 28 2009 // In my opinion, Florida Insurance Commissioner Kevin McCarty’s assertions that our state has “one of the most” competitive property insurance markets in the country and that easing rate regulation will not...
Florida House Approves Property Insurance Measure
Apr 27 2009 // The Florida House has approved property insurance legislation that promises to reduce the exposure of the state’s backup hurricane insurance fund and gradually raise rates for policyholders insured in state-backed...
Florida’s Property Insurance Market: An Overview by Commissioner McCarty
Apr 24 2009 // It is always interesting, and frequently amusing, to read various “research” pieces on the Florida property insurance market. While I, like every other insurance regulator, industry professional and observer in...
Florida Nears Votes on Property Insurance Bills
Apr 24 2009 // Today could be the day both the Florida House and Senate take up legislation to improve the state’s property insurance market, including proposals allowing state-backed insurance writer Citizens Property Insurance to...
Florida Among States Considering Ban on Accident Response Fees
Apr 22 2009 // It was bad enough when Matthew Norville rear-ended another driver, crushing the front end of his own car. A few weeks later, the Pensacola college student got a $714 bill to cover the cost of the county police and...
Q&A: AIG’s New AIU Tries to Rebrand In Challenging Market
Apr 21 2009 // Last month, shortly after American International Group, Inc. CEO Edward Liddy announced that AIG would be spinning off its global insurance operations into a new entity to be known as AIU Holdings, Inc., Insurance...
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...
