Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
Missouri Insurance Director: Claims from Ferguson Riots Limited to Businesses
Sep 8 2014 // Property damage claims resulting from the rioting in Ferguson, Mo., in August are limited primarily to commercial property housing small businesses, according to the state’s chief insurance regulator. “There...
Insureds Rarely Have Home Inventories Despite Benefits, Say Claims Pros
Sep 8 2014 // Despite big storms and wildfires highlighting the need, home inventories are rare, say insurance industry experts. A recent Allstate Insurance survey of Atlanta homeowners found that while than more than 90 percent of...
Insurance Experts: Does It Really Take One to Know One?
Sep 8 2014 // When an insurance agent is sued for professional negligence, a question arises as to whether the breach of the agent’s duty of care requires the testimony of another insurance agent or broker who testifies that the...
Louisiana’s Homeowners Market Stronger 9 Years after Katrina
Sep 8 2014 // Louisiana’s property insurance market is vastly improved nine years after Hurricane Katrina devastated the state on Aug. 29, 2005, largely due to the implementation of statewide building codes and strategies that...
Florida OIR Approves Removal of Up to 427,584 Policies From Citizens
Sep 5 2014 // The Florida Office of Insurance Regulation (OIR) announced that it has approved the removal of up to 425,357 personal residential policies and 2,227 commercial residential policies from Citizens Property Insurance Corp. by...
Sandy-Hit Towns in N.Y., N.J. Wrestle With Eminent-Domain Choice
Sep 3 2014 // On a tiny spit of land off Long Island in New York, the wealthy village of Asharoken faces a dilemma borne of Superstorm Sandy. Either it accepts millions of dollars in federal aid to build a protective sand dune and for...
Louisiana’s Homeowners Market Stronger 9 Years after Katrina
Aug 29 2014 // Louisiana’s property insurance market is vastly improved nine years after Hurricane Katrina devastated the state on Aug. 29, 2005, largely due to the implementation of statewide building codes and strategies that...
Missouri Regulators Assisting Ferguson Businesses with Property Claims
Aug 27 2014 // Representatives from the Missouri Department of Insurance headed to Ferguson on Aug. 27 to assist businesses that experienced damage during recent protests with filing insurance claims and to answer questions about the...
South Carolina’s Companion P&C to Be Acquired by Enstar Group
Aug 27 2014 // Enstar Group Limited in Bermuda said Tuesday it has entered into a definitive agreement to acquire Companion Property and Casualty Insurance Company from Blue Cross and Blue Shield of South Carolina. The total...
Lessons from Napa’s ‘Winequake’
Aug 25 2014 // In the early hours Sunday morning, Northern California shook with the largest earthquake it has experienced since 1989. The South Napa Earthquake, as it is being referred to by the U.S. Geological Survey, was a magnitude...
Florida Opens, Closes Surplus Lines Opportunities
Aug 20 2014 // The recent legislative session in Tallahassee was relatively quiet, a matter some attribute to this being an election year. But even in quiet years, Florida lawmakers tend to make some noise about the insurance industry...
Ohio Woman Convicted in Arson-for-Insurance Case
Aug 19 2014 // A Youngstown, Ohio, woman has been convicted of setting fire to a rental property in order to collect insurance money, said Steven M. Dettelbach, United States Attorney for the Northern District of Ohio. Latasha Curtis,...
Insureds Rarely Have Home Inventories Despite Benefits, Say Claims Pros
Aug 18 2014 // Despite big storms and wildfires highlighting the need, home inventories are rare, say insurance industry experts. A recent Allstate Insurance survey of Atlanta homeowners found that while than more than 90 percent of...
Interview with South Carolina Commissioner Farmer
Aug 18 2014 // State’s Insurance Markets Moving in Right Direction, Says Former AIA Rep South Carolina Insurance Commissioner Ray Farmer has been the state’s insurance regulator since Governor Nikki Haley appointed him in...
Class Action OK’d in Lawsuit Against Exxon over Arkansas Oil Spill
Aug 15 2014 // Class action status has been granted in a lawsuit against Exxon Mobil stemming from a 2013 pipeline accident in Mayflower. U.S. District Judge Brian Miller in Little Rock ruled in favor of Arnez and Charletha Harper, the...
Allied World to Build Out Canadian Energy Market Property Coverage, Hires Two Vets to Lead
Aug 14 2014 // Allied World Assurance Company Holdings, AG has launched its property line for energy risks in the Canadian market with a new team of underwriters. The company launched its initial property & excess casualty offerings...
Nationwide Mutual P/C Felt Pain of June Storms
Aug 14 2014 // Nationwide Mutual Insurance Co.’s property/casualty arm performed solidly in the 2014 second quarter, despite the Polar Vortex and major storm activity that hampered earnings over the first six months of the...
Court Named President of First American Property and Casualty in California
Aug 11 2014 // First American Property and Casualty Insurance Group has named James J. Court president of the company. Court is based in the company’s office in Santa Ana, Calif. Dirk McNamee assumes the role of vice...
Washington Artist Files Intellectual Property Suit Over ‘Angry Birds’ Pet Toys
Aug 7 2014 // A Seattle artist who designed a line of plush pet toys called “Angry Birds” is suing the company that sold them, saying it cheated her of millions of dollars when it reached a deal with the Finnish company that...
North Dakota State Fire and Tornado Fund Waives Premiums
Aug 5 2014 // The North Dakota State Fire and Tornado Fund (F&T) for the first time in its history will waive insurance premiums for its policyholders, the state insurance department announced “The State Fire and Tornado Fund...
