Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
Devall to Lead London Business for Crawford’s U.S. Property/Casualty Unit
Jun 29 2012 // Longtime London market executive James B. Devall has joined Crawford & Co. in its Dallas office to lead the company’s London-fronted business in the U.S. As vice president and managing director of London program...
State Farm Seeks 14.9% Jump in Florida Property Insurance Rates
Jun 28 2012 // Florida’s third largest property insurer is seeking a statewide average 14.9 percent increase in property rates as part of a plan to shore-up its fiscal condition while revamping the deductibles and discounts it...
P/C Insurers Profits Rose to $10.1B in Q1
Jun 27 2012 // Private U.S. property/casualty insurers’ net income after taxes rose to $10.1 billion in first-quarter 2012 from $7.8 billion in first-quarter 2011, with insurers’ overall profitability as measured by their...
Chartis Increases Commercial Property Per-Risk Capacity
Jun 18 2012 // Chartis has increased its commercial property per-risk capacity to $1.5 billion on a worldwide basis. This level of capacity had previously been available to Chartis’ North American domiciled clients, underwritten by...
Best Affirms Kemper Corp., Subs and Affiliates Ratings
Jun 18 2012 // A.M. Best Co. has affirmed the financial strength ratings (FSR) of ‘A-‘ (Excellent) and issuer credit ratings (ICR) of “a-” of the property/casualty subsidiary and affiliated insurance companies...
Commercial Insurance Prices Continue to Rise: Towers Watson
Jun 18 2012 // Commercial insurance prices in aggregate increased by nearly 5 percent during the first quarter of 2012, the fifth consecutive quarter that prices rose. In addition, commercial insurers’ loss ratios stabilized for...
The Next New Thing
Jun 18 2012 // Coverage Issues from Fracking Claims Every few years there are predictions of a new type of claim that threatens to engulf carriers. In the 1980s and 1990s it was environmental clean up claims and SuperFund, followed...
Business Moves – Midwest
Jun 18 2012 // Atlas Atlas Financial Holdings Inc. has started selling its core commercial automobile insurance products in Utah, becoming the 31st state where Atlas is actively underwriting. Atlas’ insurance subsidiaries, American...
What Do Millennials Want?
Jun 18 2012 // Flexibility, Balance, Respect and Accessibility Are Important, Studies Find There’s a lot of talk in property/casualty insurance circles these days about how the industry is going to replace the huge wave of baby...
Montana Families Sue Over Prescribed Fire, Property Damage
Jun 15 2012 // Three families have filed a lawsuit against the U.S. Forest Service alleging an August 2010 prescribed burn got out of control near Lincoln, causing the “total destruction” of their property. The Independent...
Commercial Insurance Prices Continue to Rise: Towers Watson
Jun 11 2012 // Commercial insurance prices in aggregate increased by nearly five percent during the first quarter of 2012, the fifth consecutive quarter that prices rose. In addition, commercial insurers’ loss ratios stabilized for...
Wildlife Groups Call for Florida Property Insurance Reforms
Jun 4 2012 // Taking the position that Florida’s heavily-subsidized property insurance market is leading to over-development along the state’s coastline, wildlife groups are calling on state lawmakers to make reforms even if...
Best Affirms State Farm Mutual, Affiliates & Subs Ratings
Jun 4 2012 // 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...
Near National Property/Casualty Carriers Identified for 2012
Jun 4 2012 // The Demotech Company Classification System categorizes insurers into one of 11 categories based on an analysis of data reported by the companies to the National Association of Insurance Commissioners. The 11 categories...
Mass. Tornadoes in 2011 Caused $200M in Insured Damages
Jun 4 2012 // Massachusetts officials said that insurers so far paid out $200 million in claims related to devastating tornadoes in western and central Massachusetts that occurred on June 1, 2011. The Massachusetts Insurance Division...
What Do Millennials Want?
Jun 4 2012 // Flexibility, Balance, Respect and Accessibility Are Important, Studies Find There’s a lot of talk in property/casualty insurance circles these days about how the industry is going to replace the huge wave of baby...
The Next New Thing: Coverage Issues from Fracking Claims
May 25 2012 // Every few years it seems that there are predictions a new type of claim that threatens to engulf carriers. In the 1980s and 1990s it was environmental clean up claims and SuperFund, followed shortly by asbestos, the fear...
Assurant Specialty to Hire Up to 100 Workers in Gwinnett County, Ga.
May 23 2012 // Assurant Specialty Property, a provider of insurance services, said this week it is hiring as many as 100 new employees at its customer service centers in Gwinnett County, Georgia. The company is hiring part-time and...
Insurers Paid $200M to Victims of June 1, 2011 Massachusetts Tornadoes
May 23 2012 // Massachusetts officials said that insurers so far paid out $200 million in claims related to devastating tornadoes in western and central Massachusetts that occurred on June 1, 2011. The Massachusetts Insurance Division...
The Next New Thing
May 21 2012 // Coverage Issues from Fracking Claims Every few years there are predictions of a new type of claim that threatens to engulf carriers. In the 1980s and 1990s it was environmental clean up claims and SuperFund, followed...
