Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
2004/2005 Hurricane Seasons Provided Unprecedented Claims Data
Jun 15 2009 // Cat Modelers and Insurers Applying Lessons Learned Since Hurricane Katrina wreaked its damage in 2005, catastrophe modeling firms and the property and casualty insurance industry have learned more about the scientific and...
People
Jun 15 2009 // Fair Oaks, Calif.-based Insurance Resources Consultants, an IR Group subsidiary, named Richard Rohde executive vice president and senior consultant. He will offer strategic planning and operational improvement consulting...
Construction on an Annual Policy
Jun 15 2009 // Coverage Triggers, Products/Completed Operations, and the Importance of Maintaining Continuity For many insurance professionals focusing on construction, any in-depth discussion of coverage triggers, prior-work exclusions...
Pressure Is On to Catch a Few Bad Apples
Jun 15 2009 // Fraud Investigators on Alert to Prevent Property/Casualty Agent Abuses from Spreading Those who track insurance criminals for a living say that as the economy has worsened, insurance fraud has been on the rise — and...
Chinese Drywall: Builders, Subs Face Huge Uninsured Losses
Jun 15 2009 // Policy Exclusions Are a Problem, But Builders Can Be Protected General liability carriers specializing in contractor insurance for builders and drywall subcontractors (subs) are “sweating it out” over the...
Construction Projects at a Standstill
Jun 15 2009 // Risk Management Considerations to Help Protect and Preserve Properties on Hold In the current economic and credit crisis, construction entities — project owners, contractors, architects, engineers, material and equipment...
They Do THAT, Too!
Jun 15 2009 // Diversification Spurs San Antonio-Based SWBC to Great Heights Top 100 Agency Profile Ranking No. 13 (ranking based on 2007 figures) Agency Name: SWBC Headquarters: San Antonio, Texas Year Founded: 1976 2008 Total P/C...
How Actuaries Help P/C Insurers Navigate Uncertain Markets
Jun 11 2009 // Property/casualty insurers and reinsurers rely more than ever on the expertise of actuaries at a point in the cycle when the market is neither softening nor hardening, attendees at the CAS Seminar on Reinsurance were told...
Zurich Names Bartnick North Central Property Regional Manager
Jun 9 2009 // Property and casualty insurance provider, Zurich, announced that its Global Corporate in North America (GCiNA) unit named David Bartnick as its North Central Property regional manager. The North Central region includes 11...
Chartered Property Casualty Underwriters Society Chapter Elects Officers
Jun 4 2009 // The San Gabriel Valley, Calif., Chapter of the Chartered Property Casualty Underwriters Society recently elected its 2009-2010 officers. The chapter services about 100 members who live or work in the San Gabriel Valley and...
Ohio High Court Affirms Use of ‘Open and Obvious’ Hazard Defense
Jun 4 2009 // The Supreme Court of Ohio has ruled that when a plaintiff’s injuries arise from a hazardous condition on a defendant’s property that constitutes a violation of the Ohio Basic Building Code, the property owner...
P/C Insurers Apply Lessons from Hurricane Katrina
Jun 2 2009 // The property/casualty insurance industry is employing advancements in catastrophe modeling and considering the impact of the creation of a national catastrophe fund as it applies lessons learned from Hurricane...
Insurer Can’t Deny Property Coverage Because of Nearby Excavation
Jun 2 2009 // An insurer can’t cite the commonly used earth movement exclusion to deny coverage to an insured whose property was damaged by excavation to a neighboring lot, a New York Appeals Court has ruled. The case pitted the...
State Auto: How a Regional Carrier Weathers the Storms
Jun 1 2009 // CEO Restrepo Talks Cat Losses, Premium Growth and Independent Agents Regional property/casualty insurance companies don’t make headlines like the large institutions. They simply go about their business serving...
People
Jun 1 2009 // Neal S. Wolin has been confirmed by the U.S. Senate to serve as the deputy secretary of the U.S. Department of the Treasury. In February, Wolin was named deputy assistant to the President and deputy counsel to the...
State Auto: How a Regional Carrier Weathers the Storms
Jun 1 2009 // CEO Restrepo Talks Cat Losses, Premium Growth and Independent Agents Regional property/casualty insurance companies don’t make headlines like the large institutions. They simply go about their business serving...
Unsecured Foreclosed Homes Pose Huge Risk as Hurricane Season Opens
May 29 2009 // Mike Manikchand points toward his neighbors in Lehigh Acres — a half-dozen empty, foreclosed-upon homes, sitting on weed-strewn yards — and he wonders: What will happen if a hurricane slams into southwest...
Surplus Lines Brokers Report No Change in Capacity; Increase in Submissions
May 28 2009 // Catastrophic events, the economy and changes in reinsurance capacity have the greatest impact on the availability and pricing of specialty lines coverage in 2009, according to professionals in the surplus lines...
Personality, Good Time Management Are Key to Claims Success
May 22 2009 // With its acquisition in early 2009 of the international businesses of GAB Robins (excluding its UK operations) and the U.S. forensic engineering firm, EFI Global, Cunningham Lindsey became the second largest property...
Louisiana Auditor, Citizens Property Insurance Disagree on Rates
May 20 2009 // Louisiana’s state-backed property insurance firm is at odds with the Office of the Legislative Auditor over the rate setting process. The auditor’s office released a report saying the Louisiana Citizen’s...
