Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
Indiana Homeowners Fear Flood Insurance Sticker Shock
Feb 21 2014 // Homeowner Wally Cantrell’s finished basement was destroyed in the June 2008 flood in Columbus, Ind., but his flood insurance policy helped cover a good bit of the repairs. Now, Cantrell wonders if he will soon face a...
How ACA Healthcare Law Could Affect P/C Insurance Costs and Claims
Feb 21 2014 // The property/casualty insurance industry is likely to face cost shifting by hospitals, physicians and other medical providers due to the Patient Protection and Affordable Care Act (ACA), according to an insurance industry...
AXA Profit Rises 10% in 2013 on Life, Property and Casualty
Feb 21 2014 // AXA SA, Europe’s second-largest insurer, posted a 10 percent increase in 2013 profit on higher earnings at its life and savings and property and casualty divisions. Net income rose to €4.48 billion ($6.15 billion)...
ACE Names Bengtsson, Stensholt to Strengthen Nordic Operations
Feb 20 2014 // The ACE Group announced two management appointments as part of a program of investment to further strengthen its proposition for corporate clients across the Nordic region. Both appointments are effective immediately. ACE...
Ascot Underwriting Limited Appoints American Claims Management to Manage Commercial Property Program
Feb 20 2014 // San Diego, Calif. (02/20/2014) – American Claims Management Inc. (ACM), a national third party administrator (TPA), is pleased to announce that effective January 1, 2014, it began claims handling for the Commercial...
Flooded U.K. Homeowners Face Declining Values: No Mortgages or Insurance
Feb 19 2014 // Homeowners in some of Britain’s wealthiest districts face a drop in property values and the prospect their homes may be uninsurable as record floods blight towns along the River Thames. About 5,800 homes have been...
AIG Cutting Jobs, Moving Others to Lower Cost Cities
Feb 14 2014 // American International Group Inc. Chief Executive Officer Robert Benmosche is increasing returns for shareholders as he targets job cuts to simplify the firm. AIG boosted its quarterly dividend by 25 percent to 12.5 cents...
Kemper Corp. Realigns P&C Group
Feb 12 2014 // Kemper Corp. is realigning its property & casualty business. This realignment will result in one property & casualty segment for financial reporting purposes, beginning with the first quarter 2014. The new Kemper...
Insured Property Losses for Central Texas Halloween Floods Top $30M
Feb 11 2014 // Final figures released by the Federal Emergency Management Agency (FEMA) show that insured losses to residential and commercial property from flood waters which swamped Central Texas on Halloween night 2013 totaled...
How to Encourage Private Sector Flood Insurance
Feb 10 2014 // New technologies and a better understanding of flood risk may have increased private insurers’ interest in providing flood insurance but real obstacles remain to the private sector getting involved. The obstacles...
South Carolina Livability Courts Settle Neighborhood Complaints
Feb 7 2014 // Sitting in Judge Alesia Rico Flores or Judge Michael Molony’s courtroom in Charleston or Judge Debra Jackson’s in Florence, defendants and onlookers realize that while these municipal courts uphold the rule of...
Cowles & Connell of N.J. Adds Dooskin as Property/Casualty Broker
Feb 6 2014 // Cowles & Connell of N.J. announced the addition of Darren Dooskin to the position of associate vice president and property/casualty broker. Dooskin will be responsible for the marketing and production of...
Mississippi Court Hears If Exxon Liable for Land Depreciation Caused By Alligators
Feb 6 2014 // The Mississippi Supreme Court is refereeing a dispute between a Wilkinson County couple and ExxonMobil Corp. over an alleged alligator infestation. Justices heard oral arguments Tuesday. The dispute involves more than 80...
In Florida, Neighbor’s Backyard Could Be a Shooting Range
Feb 4 2014 // Near the National Key Deer Refuge in Florida’s Lower Keys, on a sleepy street called Mango Lane, retired sheriff’s deputy Huey Gordon checked the waterway behind neighbor Doug Varrieur’s home for boat...
Commentary: Swatch Fire Losses and Contingent Business Interruption Coverage
Jan 31 2014 // An oft-overlooked insurance coverage found in many commercial property policies called “contingent business interruption” coverage may provide insurance proceeds to companies throughout the watch industry to...
N.J. Commissioner Offers Insurance Purchasing Tips for Small Businesses
Jan 30 2014 // Making the right insurance choices can have significant impact on the small business owner’s operation costs. With that in mind, New Jersey Department of Banking and Insurance Commissioner Ken Kobylowski offered some...
North Carolina Arrests 5 in Alleged Staged Accidents; 2 Suspects Sought
Jan 28 2014 // North Carolina Insurance Commissioner Wayne Goodwin this week announced the arrests of five people in an alleged insurance fraud scheme involving several staged auto accidents in Buncombe County. Department of Insurance...
Part II – Reinsurance: Emerging Markets and Risks – the Road Ahead
Jan 27 2014 // As detailed in Part I, the reinsurance industry faces the task of partially reinventing itself to expand in those sectors where it can achieve growth. Property catastrophe coverage isn’t off the table, but it’s...
Lines Sometimes Blurred in E&S Market, Experts Say
Jan 27 2014 // In the days of ole, insurance professionals knew at a glance the type of business that best fit into the excess and surplus lines market. Today, the definition of a traditional E&S account has become somewhat blurred,...
TWIA Panel Studying Methods to Assess Wind/Water Property Loss
Jan 27 2014 // A panel studying methods to assess property loss incurred as a result of wind versus water forces along the Texas coast expects to have the first of four study components ready for consideration in February. The mission of...
