Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
Liberty Mutual Drops Direct Sales to Middle Market Businesses; Puts Faith in Independent Agents
Jan 22 2009 // Liberty Mutual Group is throwing in the towel on direct distribution of insurance to middle market businesses. Since it couldn’t beat independent agents and brokers — who dominate sales in this segment —...
Risk Management Solutions Makes UK Flood Data Available to Public
Jan 20 2009 // Risk Management Solutions announced that its flood mapping data will be made publicly available for the first time. The decision gives “homebuyers far more accurate information about the likelihood of getting...
Lawyers Hope to Fix Catastrophe- Related Insurance Problems
Jan 14 2009 // The nation’s lawyers who deal with insurance issues are developing policy recommendations designed to improve access to insurance coverage, reduce litigation over coverage and mitigate future losses involving natural...
FBI Reports Drop in Crime Including Arson
Jan 12 2009 // The nation experienced a 3.5 percent decline in violent crime and a 2.5 percent decline in property crime for the first six months of 2008, according to the federal Bureau of Investigation (FBI). Violent crime was down in...
Actual Cash Value Versus Replacement Cost Value
Jan 11 2009 // Navigating the Valuation Quagmire As the saying goes, the devil is in the details. And insurance agents would be wise to explain the differences between actual cash value (ACV) and replacement cost value (RCV) to...
Private, Independent and Free
Jan 11 2009 // Ohio-based The Hylant Group Has 12 Locations But Only One Philosophy — Give Customers and Staff What They Need to Succeed Top 100 Agency Profile RANKING: No. 7 Agency Name: The Hylant Group Headquarters: Toledo,...
Florida Panel Backs Rate Hikes, Stricter Rules for Citizens
Jan 9 2009 // A special task force is recommending that Florida’s state-backed property insurer – Citizens Property Insurance — be permitted to raise its rates beginning in 2010 and that restrictions on what homeowners...
2008: Top Stories of the Year
Jan 5 2009 // 2008 can be described as a year like no other in the property/casualty insurance world. This year we saw the near death of the world’s largest and most successful insurance company, AIG. The soft market continued to...
Kentucky Police Use Computer Program to Track Stolen Property
Dec 30 2008 // A computer program is helping western Kentucky police track down stolen property that’s been sold to pawn shops. Paducah’s five pawn shops submit records of transactions, including serial numbers of items...
Insurers Adding Resources to Speed Recovery from Northeast Storms
Dec 23 2008 // A number of insurance companies in the Northeast are bringing in additional claims adjusters to respond to the needs of their hardest hit customers and help speed the recovery process from the recent string of storms that...
Validus Enters Technical Lines Property Coverage with New Underwriter
Dec 23 2008 // Bermuda-based Validus Holdings, Ltd. announced today that it is expanding its business into Technical Lines Property insurance through the creation of Validus Underwriting Risk Services Inc. (VURS), a managing general...
2008: A Year of Financial Storms
Dec 21 2008 // 2008 can be described as a year like no other in the property/casualty insurance world. This year, the industry witnessed the near death of the world’s largest and most successful insurance company, AIG. The soft...
Industry Profits Dove Massively through First Nine Months of 2008
Dec 16 2008 // After-tax profits for the U.S. property and casualty industry through the first nine months of the year were $4.1 billion — a 91.8 percent decline from the $50 billion in profits earned the same period a year ago,...
Bright Spots and Challenges Go Hand in Hand in Louisiana
Dec 3 2008 // Despite the challenges faced by the state of Louisiana since Hurricanes Katrina and Rita wrought their havoc in 2005, there are bright spots in the state’s property casualty insurance industry, says Louisiana...
Insurers Urge Surcharges, Reforms to Fix North Carolina Beach Plan
Dec 3 2008 // Property/casualty insurers are urging North Carolina officials to impose surcharges on policies in the state’s residual market property insurer, the Beach Plan, and take other financing and mitigation steps to...
Obama Inauguration May Raise Insurance, Legal Issues for Enterprising Homeowners
Dec 2 2008 // The days leading up to the inauguration of Barack Obama could be an economic windfall for residential property owners in and around D.C. Washington Post staff writer David Nakamura reports that droves of people are looking...
Time to Sue
Nov 30 2008 // Contractual Limitations Provisions in Insurance Policies: What Every Agent and Broker Needs to Know Generally, the statute of limitations for the breach of an oral agreement is four years. However, a shorter period is...
Successive Hurricanes: Potential Windfall for Insureds?
Nov 24 2008 // The 2008 hurricane season came very close to presenting, on a large scale, the potential quandary caused by successive losses. On Sept.1, 2008, Hurricane Gustav came ashore and caused substantial damage from the Louisiana...
Reynolds Joins Willis as Commercial Property Advisor
Nov 20 2008 // Willis Group Holdings announced the appointment of Philip Reynolds as an advisor to its Property Investors Division. Starting in 1995, he “created and built the Royal & SunAlliance (RSA) Property Investors Unit...
Lockton Report Analyzes Current Trends, Emerging Risks
Nov 18 2008 // Global insurance broker Lockton has published its Fall 2008 Market Update, a snapshot guide to the latest trends and emerging risks confronting risk managers and insurance carriers today. “The 2008 Lockton Market...
