Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
ACM Continues Expansion with Opening of Tampa Bay Office
Feb 23 2012 // San Diego, CA, 02/23/12 – American Claims Management, Inc. (ACM), a national third party administrator, has opened an additional office in Tampa Bay, Florida to leverage the Company’s growth in its East Coast,...
Florida Lawmakers Still Balk at Raising Homeowners’ Premiums for Cat Fund
Feb 21 2012 // State lawmakers have gambled with their constituents’ money for years when it comes to dealing with Florida’s property insurance issues. But now, many top industry analysts suggest, the odds may be turning...
Keeping up With the Greens: What to Know About Hobby Farm Insurance
Feb 20 2012 // What to Know About Hobby Farm Insurance The Green family owns a small farm. It’s not their primary source of income, but it is a lifestyle choice, and their hobby farm is just that – a hobby. The Green family...
Southeast Business Moves
Feb 20 2012 // BB&T Corp, Crump North Carolina-based BB&T Corp. is buying the property/casualty and life insurance units of Roseland, N.J.- based insurance wholesaler Crump Group. BB&T said it will pay $570 million in cash...
Obama Budget Bolsters Intellectual Property Enforcement
Feb 17 2012 // The Obama administration has proposed hiring more prosecutors to pursue intellectual property crimes in the new budget as the entertainment industry pressures the U.S. Justice Department to crack down on copyright...
PERILS Estimates Windstorm Andrea Property Losses at $350 Million
Feb 15 2012 // According to PERILS, the Zurich-based catastrophe data provider, initial loss estimates for property losses caused by windstorm Andrea, which struck Western Europe at the beginning of January, are €267 million [$350...
XL Group Launches Product for Construction Equipment
Feb 14 2012 // The marine insurance unit of XL Group has unveiled Contractor’s Equipment Coverage Solutions, a package designed to protect the equipment of general building, infrastructure and specialty contractors. “Whether...
Poms Names Mahl SVP of Property & Casualty in Southern California
Feb 10 2012 // Woodland Hills, Calif.-based Poms & Associates Insurance Brokers Inc. has named Robert Mahl senior vice president of its property/casualty group in the firm’s Woodland Hills office. Mahl was previously vice...
Torus Appoints Rousseau to Develop General Property in France
Feb 6 2012 // Global specialty insurer Torus has appointed Gilles Rousseau as Senior Underwriter, General Property. He is based in Paris and has more than 30 years of underwriting experience, as well as “extensive knowledge of the...
Proactive Risk Management of Intellectual Property: Crucial to the Insurance Professional’s E&O
Feb 6 2012 // Now more than ever, the insurance professional’s ability to create a proactive risk management plan for clients is crucial to success. Insurance professionals handle many types of insurance policies. In fact,...
Aon Expands U.S. Tenant Rent Default Offerings
Feb 3 2012 // Aon has expanded availability to new states for its Aon Rent Protect product that reimburses landlords for lost income when tenants default on rent payments. The product was initially launched in California, Colorado,...
XL Enhances Real Estate Portfolio Protection
Feb 3 2012 // XL Group’s insurance segment has launched enhanced pollution protection for real estate portfolios. The product will be available through the segment’s environmental team. The new product is aimed toward...
BB&T to Acquire P/C, Life Insurance Units of Wholesaler Crump Group
Feb 3 2012 // North Carolina-based BB&T Corp. is buying the property/casualty and life insurance units of Roseland, N.J.- based insurance wholesaler Crump Group. Under the terms of the agreement, BB&T said it will pay $570...
January P/C Reinsurance Renewals Flat or Up Slightly: Towers Watson
Jan 25 2012 // January 1 renewal rates for U.S. property/casualty reinsurance premiums showed firming with changes from -5 percent to +5 percent on an overall basis, with loss-affected property catastrophe business up considerably...
Despite Heavy Catastrophe Losses, Top 25 P/C Insurers Report Premium Growth, Net Income Through Third-Quarter 2011
Jan 23 2012 // Amid the continued difficult economic conditions, a heightened frequency of catastrophic events in 2011 has resulted in nearly $40 billion of losses to insurers. The losses associated with these catastrophes have been...
Ohio Property Insurance Rates Expected to Rise After Storms
Jan 20 2012 // Ohio’s relatively low rates for property insurance are expected to rise in 2012 due to the damaging storms of recent years. An insurance agent in Middletown in southwest Ohio says Mother Nature has had her way with...
Oklahoma’s GHS Property and Casualty Insurance Co. Ratings Downgraded
Jan 19 2012 // A.M. Best Co. has downgraded the financial strength rating to B++ (Good) from A- (Excellent) and issuer credit rating to “bbb+” from “a-” of GHS Property and Casualty Insurance Co. (GHS), located in...
Schubmehl Joins Swett & Crawford Chicago as Property Broker
Jan 18 2012 // Farrah Schubmehl has joined the property practice group in Swett & Crawford’s Chicago office to broker a broad range of specialty exposures. Schubmehl has worked as an underwriter and broker in both the retail...
I.I.I. Survey: P/C Executives Expect Improved Profitability in 2012
Jan 11 2012 // Most property/casualty insurance executives believe the worst of the financial crisis is over and that the industry is now in the early stages of a hard market, according to a survey from the Insurance Information...
Property Damage Prompts Search for Signs of Houston-Area Tornadoes
Jan 11 2012 // National Weather Service teams are surveying parts of the Houston area to determine if tornadoes are responsible for damage to homes and a suburban shopping mall. Some roads flooded and nearly 20,000 Houston-area residents...
