Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
Best Affirms Colonial Group and Subs Ratings; Outlook Stable
Sep 28 2012 // A.M. Best Co. has affirmed the financial strength ratings (FSR) of ‘A-‘ (Excellent) and issuer credit ratings (ICR) of “a-” of the life/health and property/casualty operating subsidiaries of...
AAIS Releases New Policy Forms for Insuring Infrastructure
Sep 28 2012 // The American Association of Insurance Services (AAIS) has released a series of new policy forms, endorsements, and corresponding schedules for covering public or private infrastructure facilities. The forms were recently...
XL Group Launches New Builders Risk Property Protection Program
Sep 26 2012 // XL Group has launched a new Builder’s Risk and Installation Coverage Solutions (BRICS) product, containing more than two dozen coverage enhancements. The coverage offers property insurance protection for single...
Business Moves – Southeast
Sep 24 2012 // CRC|Crump, Preferred Brokerage CRC|Crump has signed an agreement with Preferred Concepts in New York to acquire select assets of the company’s Preferred Brokerage business unit. Terms were not disclosed. J.C....
Report: Wildfires Pose Risk to Three Quarter-Million Western U.S. Homes
Sep 24 2012 // More than three-quarters of a million homes in the Western U.S. have a high risk of wildfire damage, according to a report released by Santa Ana, Calif.-based CoreLogic. CoreLogic’s Wildfire Hazard Risk Report...
Report Points to Insurance Industry’s Vulnerability to Climate Change
Sep 20 2012 // A report out Thursday urges the insurance industry to act to protect itself and the community against the increasing frequency of extreme weather due to climate change. In short, the report, its authors and those endorsing...
Industry Faces Cyber Risks in Shift from Tangible to Intangible Property
Sep 20 2012 // If Mike McGavick is right, the business world will soon be carrying the equivalent of a massive data base in a cell phone. Technology has moved so rapidly that not only the insurance industry, but also business in general,...
IPISC Launches Abatement Insurance Program for Intellectual Property Risks
Sep 19 2012 // Louisville, Ky. headquartered Intellectual Property Insurance Services Corporation (IPISC), which focuses on intellectual property (IP) insurance risks, has launched the InventPro Abatement Insurance program. The InventPro...
How Agents and Carriers Can Find Gold in Personal Lines
Sep 19 2012 // Independent agents and their companies have over the years been beaten in the personal lines market by direct response carriers and captive agents. But being down so long means there is plenty of room for independent...
Five of Six NAMIC Members Joining ‘Century Club’ in Midwest
Sep 14 2012 // Six mutual insurance companies have been inducted into the National Association of Mutual Insurance Companies’ (NAMIC) Century Club in recognition of 100 years of serving their policyholders. Five of the new members...
Report: Wildfires Pose Risk to Three-Quarter-Million Western U.S. Homes
Sep 10 2012 // More than three-quarters of a million homes in the Western U.S. have a high risk of wildfire damage, according to a report released by Santa Ana, Calif.-based CoreLogic. CoreLogic’s Wildfire Hazard Risk Report...
Grinnell Mutual Promotes Menary, Eaves
Sep 10 2012 // Jeff Menary has been named vice president of Reinsurance at Grinnell Mutual Reinsurance Co., located in Grinnell, Iowa, and Kurt Eaves has been named vice president of Direct Underwriting/Production. Both position changes...
Tapping the High Net Worth Market
Sep 10 2012 // How Agents and Carriers Can Find Gold in Personal Lines Independent agents and their companies have over the years been beaten in the personal lines market by direct response carriers and captive agents. But being down so...
Lexington Introduces CarbonCover Property Policy
Sep 6 2012 // Lexington Insurance Co. has introduced CarbonCover ODS, a property insurance policy that addresses the emerging needs of the climate change and greenhouse gas emissions sector. CarbonCover ODS is designed for project...
Kiln Appoints Pudemat Property Underwriter in Frankfurt
Sep 4 2012 // Kiln, the international specialist insurance and reinsurance underwriting group, which is a part of Tokio Marine, announced that it has appointed Petra Pudemat as a new property underwriter in Frankfurt to write a broad...
Mississippi Urges Homeowners to Protect Property Before Evacuating
Aug 29 2012 // Mississippi Commissioner of Insurance Mike Chaney issued a statement urging coastal homeowners to take steps to protect their homes until the danger of Hurricane Isaac has passed.A satellite image of Isaac approaching...
Florida Citizens Insurance Adjusters Ready for Isaac Claims
Aug 27 2012 // Citizens Property Insurance Corp. in Florida says teams of adjusters are preparing to assess damage caused Tropical Storm Isaac. In a statement issued Sunday, Citizens Board Chairman Carlos A. Lacasa says the mobile units...
Montpelier Re Names Lucking Head of Individual Risk Property
Aug 17 2012 // Bermuda-based Montpelier Reinsurance Ltd. a subsidiary of Montpelier Re Holdings Ltd., announced the appointment of Nicholas Lucking as Head of Individual Risk Property, effective immediately. He is responsible for...
Kansas Property Casualty Insurance Regulators Honored for Timely Reviews
Aug 16 2012 // Property and Casualty Division of the Kansas Insurance Department (KID) has raised the bar when it comes to reviewing new rate and form filings from insurance companies, the department announced. Kansas Commissioner of...
California Fire Fee Ignites Anger As Bills Go Out
Aug 13 2012 // More than 800,000 Californians who own property in wildfire country will begin receiving bills this week for a new annual fire-protection fee, rekindling outrage among rural residents and leading to a likely lawsuit...
