Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
Florida’s Scott Wants Recommendations from Citizens by Dec. 6
Nov 3 2011 // Gov. Rick Scott wants the state-backed Citizens Property Insurance Corp. to recommend ways to shore up the troubled insurer. Scott, who would prefer the insurer be sold to a private company, wants answers from the...
S&P Affirms Montpelier Re Ratings; Outlook Stable
Nov 1 2011 // Standard & Poor’s Ratings Services has affirmed its ‘BBB’ long-term counterparty credit rating on Montpelier Re Holdings Ltd. and its ‘A-‘ counterparty credit and financial strength...
What Should Florida Do to Fix Citizens, Property Insurance? Share Your Ideas
Oct 27 2011 // As Insurance Journal has reported, Florida lawmakers are considering the future of the state’s largest homeowners’ insurer, Citizens Property Insurance Corp. It’s supposed to be the insurer of last resort...
Lockton Adds Technology Property & Casualty Leader in California
Oct 26 2011 // Kevin Hoskinson has joined Lockton as its technology practice leader focused on property and casualty insurance for technology companies. Hoskinson will work in Kansas City, Mo. Lockton’s San Jose, Calif. office....
What Should Florida Do to Fix Citizens, Property Insurance? Share Your Ideas
Oct 26 2011 // As Insurance Journal has reported, Florida lawmakers are considering the future of the state’s largest homeowners’ insurer, Citizens Property Insurance Corp. It’s supposed to be the insurer of last resort...
XL Establishes Rocky Mountain Presence with Denver Appointments
Oct 20 2011 // The insurance segment of Dublin, Ireland-based XL Group plc (NYSE: XL) has expanded its North America property and casualty team in the Rocky Mountain area. Gregory Melton was made as senior property underwriter and...
Aspen US, Brownstone to Offer Coverage to Property Owners
Oct 20 2011 // Aspen US Insurance and Brownstone Insurance Agency have formed a partnership effective September 1, to bring underwriting and claims services to the commercial residential property market. This new partnership allows...
New York’s Suffolk County Had Biggest Insured Property Loss From Irene
Oct 17 2011 // New York State’s Suffolk County suffered the highest insured property loss among the 191 counties affected by Hurricane Irene, according to the latest estimate. New Jersey, New York and North Carolina were the top...
Cheaper Isn’t Better in Property Loss Cost Containment
Oct 17 2011 // How carriers and adjusters respond to property losses can reduce the impact of the claims as well as the costs, according to Lynne Jurek Shannon and Doris T. Bobadilla, defense attorneys with the Galloway, Johnson,...
Few Keep Inventory of Home Property
Oct 17 2011 // It only takes one fire, tornado or hurricane to completely destroy everything you own. Insurance adjusters frequently work with homeowners who have lost everything, but for those who have not taken an inventory of their...
Endurance Appoints Lamer to Head U.S. Property Cat Treaty Reinsurance
Oct 13 2011 // Bermuda-based Endurance Specialty Holdings Ltd announced that Rene Lamer will assume the role of Senior Vice President and Head of U.S. Property Catastrophe Treaty Reinsurance. He is a Bermuda citizen, and will continue to...
XL Group Hires New York-based East Region Executive
Oct 12 2011 // Bermuda-headquartered XL Group said its insurance unit hired Michele Sansone as senior vice president and eastern regional executive, based in New York City. She will be responsible for managing XL’s property...
Arizona’s Running of Bulls Revival Credited to Lower Insurance Cost
Oct 6 2011 // Phil Immordino was literally looking for a bull market to bring back a controversial event that will likely to draw hundreds of weekend daredevils to the tiny city of Cave Creek, Ariz. In what could be considered by some...
Few Keep Inventory of Home Property
Oct 6 2011 // It only takes one fire, tornado or hurricane to completely destroy everything you own. Insurance adjusters frequently work with homeowners who have lost everything, but for those who have not taken an inventory of their...
How Can Insurance Agents Help Texas Fire Victims?
Oct 3 2011 // Many businesses and homeowners are struggling to determine the extent of their damages from what is shaping up to be the worst year in Texas history for fire losses. In handling the crisis, policyholders must quickly...
People
Oct 3 2011 // State Auto Insurance’s previously announced Austin, Texas, claims facility is now operational, the company reported. The following individuals serve on the claims team at the Austin facility: Sandra Robinson, claims...
People
Oct 3 2011 // The National Association of Mutual Insurance Companies (NAMIC) presented the Federal Legislator of the Year Award to U.S. Rep. Judy Biggert, R-Ill., at its annual convention in Indianapolis. Biggert currently serves as...
Best Affirms FM Global Group and Members ‘A+’ Ratings
Sep 26 2011 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of ‘aa’ of FM Global Group (FM Global) and its members, which includes the lead...
Marsh Advises Risk Managers As C-Suite Expectations Rise
Sep 22 2011 // Global insurance broker Marsh held a webcast on Sept. 21, where the firm’s analysts shared their views on the current business environment including the effects of Hurricane Irene and other catastrophes. The broker...
State Auto Introduces Claims Team at Austin Facility
Sep 19 2011 // State Auto Insurance’s previously announced Austin, Texas, claims facility is now operational, the company reported. The following individuals serve on the claims team at the Austin facility: Sandra Robinson, claims...
