Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
Louisiana Bills Would Ban Insurance Cancellations from Drywall
Apr 5 2010 // Two bills that would prohibit property insurance companies from canceling policies or raising rates on homeowners who make damage claims stemming from corrosive Chinese drywall were proposed in Louisiana in advance of the...
When a House Is a Home… and a Museum
Apr 5 2010 // How One Insurance Agency Is Helping to Preserve Historic Homes and Businesses While other insurance agents are visiting manufacturing plants, shopping malls and office parks, Brian Phoebus hangs out in historic homes,...
People
Apr 5 2010 // Novato, Calif.-based Fireman’s Fund Insurance Co. named David Zona senior vice president of product management in commercial insurance. He will be responsible for setting direction and priorities for various...
When a House Is a Home… and a Museum
Apr 5 2010 // How One Insurance Agency Is Helping Preserve Historic Homes and Businesses While other insurance agents are visiting manufacturing plants, shopping malls and office parks, Brian Phoebus is hanging out in historic homes,...
IMA of Texas Hires Bailey as VP – Benefits, Property and Casualty
Apr 2 2010 // IMA of Texas Inc., a retail insurance broker and risk management firm, announced that Kyle A. Bailey joined the company as a vice president for employee benefits and property and casualty insurance. Bailey has more than 12...
Acadia Launches Coverage for Cleaning Services
Apr 1 2010 // Acadia Insurance has designed a new set of customized coverage forms for the growing building cleaning services industry throughout New England and New York. The Acadia Clean program targets the specific needs of...
Florida’s Crist Opposes, Bush Backs Bill Deregulating Insurance Prices
Mar 31 2010 // Tallahassee politicians must ensure a robust private property insurance market to avoid a financial disaster if a major hurricane or several smaller storms strike the state this summer, former Gov. Jeb Bush said this...
Haucke Joins Swett & Crawford’s Property Practice Group in Dallas
Mar 30 2010 // Hayden Haucke has joined Swett & Crawford’s Dallas operation as a broker in its property practice group. Haucke was most recently with CRC in Dallas handling both inland marine and casualty lines of business. He...
Best Affirms Hartford’s ICR – Outlook Negative; Other Ratings Affirmed
Mar 29 2010 // A.M. Best Co. affirmed the issuer credit rating (ICR) of “bbb+” of The Hartford Financial Services Group, Inc. with a negative outlook. The rating agency also affirmed the FSRs of ‘A’ (Excellent)...
Louisiana Bills Would Ban Insurance Cancellations from Drywall Claims
Mar 26 2010 // Property insurance companies would not be allowed to cancel policies or raise rates on homeowners who make damage claims stemming from corrosive Chinese drywall, under two proposed state laws in Louisiana. Bills by state...
UK’s Miller Enhances North American Property Capability
Mar 25 2010 // London-based insurance and reinsurance broker Miller announced that it has strengthened its North American property broking team with the appointment of Robert Pound. He has more than 10 years’ experience in the...
Some Red Flags in Residential Arsons Fly Before the Fire
Mar 22 2010 // Financial stress is the No. 1 reason residential dwellings are intentionally torched, but proving arson is not that easy. Only around 6 percent of arson offenses in 2007 resulted in convictions, according to the Federal...
Businesses Going Green
Mar 22 2010 // Green Building Features Left Exposed Under Traditional Commercial Property Policies With the U.S. Green Building Council forecasting growth in the green building market to double between now and 2013, agents and brokers...
Golden Gate Chartered Property Casualty Underwriters Society Recognizes Leaders
Mar 22 2010 // The Chartered Property Casualty Underwriters Society Golden Gate Chapter has awarded Janis Dunivin of Wells Fargo Insurance Services of California with its Insurance Person of the Year Award, and State Farm with its...
Florida CFO Sink Wants Data on Troubled Property Insurers
Mar 22 2010 // Florida insurance regulators have notified a Jacksonville-based insurer that it has until the end of the month to comply with solvency requirements to avoid suspension or losing its license. The warning to Southern Oak...
P/C Executives to Dodd: Don’t Shift Risky Firms’ Costs to Insurers
Mar 19 2010 // Property/casualty insurance companies, which already pay into state guaranty funds to backup claims of their insolvent peers, don’t want to have to also pay into a federal fund to cover failures of larger and riskier...
Property/Casualty Insurers Have Issues with Dodd Financial Reform Bill
Mar 16 2010 // Even though they are largely excluded from the federal financial regulatory overhaul proposed in the Senate, property/casualty insurers say there are some elements they fear could negatively affect them and their...
As Weather Warms, Property Owners Urged to Buy Flood Insurance
Mar 12 2010 // Having flood insurance will be increasingly important this year as spring rain combines in many parts of the U.S. with the melting of record snowfall, according to the Insurance Information Institute. “Many states on...
Marsh Names Sammeroff to lead UK Real Estate Development Team
Mar 12 2010 // Marsh has appointed Candice Sammeroff to lead the firm’s business development in the commercial property and real estate sector in the UK. She has 10 years’ experience in the legal sector, and joins Marsh from...
Florida Insurers Pin Hopes on Broad Bill Passed by Senate Panel
Mar 11 2010 // With the prospects for a controversial rate deregulation bill dimmed by Gov. Charlie Crist’s threat of a veto, the insurance industry is betting on a new wide-ranging insurance proposal to bring some reform to...
