Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
NFP Property and Casualty Services Acquires Illinois’ Ameribonds Surety
Apr 11 2012 // National Financial Partners Corp. subsidiary, NFP Property and Casualty Services Inc. (NFP P&C), acquired Illinois-based Ameribonds Surety & Insurance Services (Ameribonds Surety), effective April 2, 2012, the...
Severe Weather Has Home Insurers Rethinking Coverages
Apr 10 2012 // As weather disasters strike with more frequency, U.S. homeowners first get hit with the destruction or total loss of property. Many are then hit with the unexpected loss of homeowners insurance policies as insurance...
Property Insurance Rates Continue to Firm: Marsh
Apr 10 2012 // Global property insurance rates continued to firm in the first quarter of 2012 and there are forces at play that will likely continue the trend, according to a report from insurance broker Marsh. Despite the absence of...
N.J. Couple Gets $284K in Dispute Over Beach House
Apr 9 2012 // A New Jersey couple whose beach house was destroyed by a storm 50 years ago has finally been awarded compensation for it, but may appeal the award. Barely two years after Edward and Nancy Klumpp built their beach house in...
PERILS Estimates Windstorm Andrea Property Losses at $407 Million
Apr 4 2012 // PERILS AG, the independent Zurich-based company providing industry-wide European catastrophe insurance data, has updated its loss report for windstorm Andrea, which struck Western Europe in early January. PERILS’...
160-Year Old Hanover Retaking Its Place as P/C Industry Leader
Apr 3 2012 // Eight out of 160 years of history may not seem like a big deal but for Hanover Insurance Group, founded in 1852, the last eight years have seen a series of big deals. Eight years ago in 2004, the $2.4 billion heavily...
Iowa Business Tax Overhaul Elusive Once Again
Mar 27 2012 // Democrats and Republicans seem to agree that Iowa’s commercial property tax is archaic and out of line with other states, but hope is fading that the Legislature will approve a fix this year because of stark...
Texas Police Use DNA Technique to Solve Property Crime
Mar 26 2012 // A thief wearing gloves walks into a parking lot, perhaps using the cover of night, smashes a car window and takes what’s inside the vehicle, all in a matter of minutes. It’s the general technique for many car...
R.I.-based Narragansett Bay Insurance Adds Property Claims Adjusters
Mar 22 2012 // Narragansett Bay Insurance Company, a Pawtucket, R.I.-based specialty underwriter offering homeowners insurance and services, appointed two new property claims adjusters. Kyle Yee comes from Nationwide Insurance, where he...
Hartford Moving Closer to Its P/C Roots But Not Severing All Life Ties
Mar 21 2012 // The Hartford Financial Services Group Inc., under pressure to boost its stock price from hedge fund manager John Paulson, said it would get rid of most of its life insurance-related operations and focus on being a property...
Say Something Nice About Florida Insurance
Mar 19 2012 // Even though there are many problems to be resolved, at least they are out in the open and are being discussed, not buried in some political jargon and dismissed. If we could just get the PACs out of the way… The...
2012 Hot Markets: New Hope in Housing Market
Mar 19 2012 // This article is part of our Hot Insurance Markets for 2012 special feature. 2012 is delivering a sense of growing optimism for the housing industry – a welcomed relief to a market that has been troubled in recent...
People
Mar 19 2012 // Florida largest property insurer named a state regulator and former state lawmaker as its interim president. Citizens Property Insurance Corp. announced yesterday that it has hired Tom Grady to take over as president and...
Florida Unclaimed Property Scam
Mar 19 2012 // Florida consumers are being warned of an emerging unclaimed property scam. Chief Financial Officer Jeff Atwater said scammers have been offering to reunite consumers with unclaimed property for an upfront fee of...
Poms Names Flannery VP of Property/Casualty in Southern California
Mar 12 2012 // Woodland Hills, Calif.-based Poms & Associates Insurance Brokers Inc. named Martin V. Flannery vice president in the property/casualty group in its Woodland Hills office. Prior to joining Poms & Associates,...
Property Owners Urged to Claim Louisiana Citizens Assessment Rebate
Mar 9 2012 // State officials in Louisiana are calling on property owners to claim their assessment rebate charged on their insurance policies. Following Hurricanes Katrina and Rita in 2005, all property policies were charged an...
NW Indiana Property Owners See Rise in Leasing Inquiries
Mar 7 2012 // Commercial and industrial landowners around northwest Indiana are redoubling efforts to market their parcels now that the economy has brightened from the recession’s dark days. Building activity may heat up this...
More in West Virginia Accept Flood Property Buyouts
Mar 6 2012 // Another 33 property owners in a flood-prone Berkeley County, West Virginia community have agreed to government buyouts. The buyouts will give the county title to a total 116 parcels in Sportsman’s Paradise along the...
Texas Company Develops Up-to-Date Property Data for Insurers
Mar 5 2012 // In many ways, insurance is a battle for information. From marketing to underwriting to claims, the ability to know as much as possible about a potential insured, especially for property risks, is vital. With that in mind,...
Mississippi County’s Funds for Flood Property Buybacks Remain Unspent
Feb 29 2012 // The state of Mississippi has asked Hancock County for $6 million in funds not spent on a “property acquisition” project. The project is a limited buy-out plan designated to reduce the repetitive losses of...
