Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
Oklahoma Insurance Commissioner Caps Fees for Public Adjusters
Jun 18 2013 // Oklahoma Insurance Commissioner John D. Doak has issued a bulletin to all Oklahoma-licensed public adjusters advising them not to charge customers more than 10 percent of the total claim settlement. The Oklahoma Insurance...
Freedom Specialty Launches Lease Protection for Property Owners, Managers
Jun 17 2013 // Freedom Specialty Insurance Co. has launched the Freedom Lease Protection Plan policy, which is designed to indemnify multifamily property owners and managers (POMs) against collection losses from tenant defaults. POMs can...
Insured Property Values in Coastal States Top $10 Trillion; Florida Has Most at Risk; Miami Ranks 2nd Among Metros
Jun 17 2013 // In separate reports AIR Worldwide and CoreLogic estimated insured property values in coastal areas of the United States reaching into the trillions of dollars. CoreLogic, focusing on residential properties exposed to storm...
Property Crime Down, Violent Crime Up in 2012: FBI
Jun 17 2013 // The nation experienced a 1.2 percent increase in the number of violent crimes and a 0.8 percent decline in the number of property crimes in 2012 when compared with data from 2011, the FBI said. Violent crime increased in...
Texas Law Change Would Allow Reappraisals After Disaster
Jun 6 2013 // Hundreds of property owners whose homes and businesses were damaged by the earth-rattling fertilizer plant explosion that devastated the town of West in April may catch a break on their property taxes under recently...
Property Crime Down, Violent Crime Up in 2012: FBI
Jun 3 2013 // The nation experienced a 1.2 percent increase in the number of violent crimes and a 0.8 percent decline in the number of property crimes in 2012 when compared with data from 2011, the FBI said. Violent crime increased in...
Hurricane Season and Florida’s Insurance System: Living on Borrowed Time?
Jun 3 2013 // Mother Nature has been kind to Florida’s coastline lately with a record run of seven years without a hurricane making landfall, allowing property insurers time to re-stock their depleted coffers. As a result, before...
Property Market Stayed Stable in Q1; Sandy Effect on Rates Muted: Marsh
Jun 3 2013 // The property insurance market remained relatively stable and competitive in the first quarter of 2013, with few changes to limits purchased and deductibles, according to a benchmarking report from broker Marsh. Superstorm...
Agencies See Underwriting Changes in Homeowners Market
Jun 3 2013 // The Professional Insurance Agents (PIA) said its recent survey shows significant market changes in the Northeast — with the homeowners insurance and commercial property market appearing to be most affected by the...
HCC Insurance Holdings Launches Construction Property Risks Division
May 31 2013 // HCC Insurance Holdings, Inc. has expanded into builder’s risk insurance with the launch of its new Construction Property Risks Division. The new division will be based in New York and be led by Francis P. Tricamo,...
Mississippi Homeowners Renew Lawsuit Against Exxon Over Alligators
May 31 2013 // Tom Christmas and his wife argue that they didn’t discover the 84-plus alligators on land next to their homestead until four years after they bought the property in southwest Mississippi. ExxonMobil Corp. counters...
Best Revises Outlook on Travelers and Most Subs to Positive; Affirms Ratings
May 31 2013 // A.M. Best Co. has revised the outlook to positive from stable and affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa” of the property/casualty...
Best Affirms State Farm Companies, Affiliates and Subs Ratings
May 31 2013 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A++’ (Superior) and issuer credit ratings (ICR) of “aa+” of State Farm Mutual Automobile Insurance Company (SFMAIC) and its...
Nicholson Joins Swett & Crawford’s Property Practice in Washington
May 30 2013 // Swett & Crawford named Shelbi Nicholson as a property broker to its property practice group in Seattle, Wash. Shelbi brings more than 20 years of insurance experience to Swett & Crawford with primary, excess, and...
UK’s APC Lifts Liability, Property Limits to Quote Risks Online
May 29 2013 // The UK-based commercial insurance underwriting agency, APC, announced that it has increased the limits on the majority of its public and products liability risks to £10 million ($15 million] and property risks to £50...
After Years of Increases, Florida Property Insurance Rates May Be Stabilizing
May 29 2013 // It’s been nearly eight years since Hurricane Wilma raked the southern end of Florida and caused billions in damages, the last of eight hurricanes to hit the state in 2004 and 2005. Yet even as the state has been...
Insurers and Climate Change: The Truth is More Complicated than the Sound Bytes
May 24 2013 // As an insurance guy who has been on both sides of the climate change debate (I’ve worked for organizations full of climate change skeptics and now head one that believes it’s an important public policy issue)...
PIA: Agencies See Significant Underwriting Changes in Homeowners Market
May 22 2013 // The Professional Insurance Agents’ (PIA) recent survey of more than 400 independent agencies showed significant market changes in the Northeast — with the homeowners insurance and commercial property market...
Property Market Stayed Stable in Q1; Sandy Effect on Rates Muted: Marsh
May 22 2013 // The property insurance market remained relatively stable and competitive in the first quarter of 2013, with few changes to limits purchased and deductibles, according to a benchmarking report from broker Marsh. Superstorm...
Daucourt Joins XL Group as COO Int’l. Property/ Casualty
May 22 2013 // XL Group announced the appointment of Thierry Daucourt as Chief Operating Officer of its International P&C Insurance business. He will be responsible for supporting the unit’s Chief Executive, Jason Harris, in...
