Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
Cindy Downs
Aug 21 2008 // Dallas-based wholesale insurance broker and managing general agent Towerstone Inc. has added four new members to its team. Cindy Downs was added as a senior underwriter in the firm’s MGA unit. Downs formerly was a...
Cleaning Up After Hurricane Katrina
Aug 21 2008 // In both Mississippi and Louisiana, the principal argument in support of the alleged ambiguity was that the flood waters during Hurricane Katrina were pushed ashore by wind, a covered peril, and the flood exclusion did not...
Insured Property Value in Coastal States to Double in 10 Years
Aug 21 2008 // In the past three years, the insured value of properties in coastal areas of the United States continued to grow at a compound annual growth rate of just more than 7 percent, according to a new report released by AIR...
Obtaining Optimal Catastrophe Coverage
Aug 21 2008 // The complexity of the cat insurance market can make it difficult to keep pace with the coverage options. The savvy wholesale broker keeps tabs on which surplus lines insurers have the appropriate capacity for In the midst...
ASI Lloyds Expands Property Coverage Offerings in Louisiana
Aug 19 2008 // ASI Lloyds (ASI), a subsidiary of Florida-based American Strategic Insurance Corp. and an admitted Louisiana insurer, has launched an investor, rental and seasonal dwelling policy for Louisiana properties in addition to...
Congress to Consider Status of South Carolina Beach Property
Aug 18 2008 // A coastal South Carolina congressman is seeking to allow an undeveloped section of Kiawah Island beachfront to qualify for federal money for roads, flood insurance and renourishment, making it more attractive for...
Texas Windstorm Pool Takes Over Property Inspection Duties
Aug 12 2008 // The Texas Windstorm Insurance Association recently announced it is assuming the responsibility of getting exterior photographs and inspecting all structures submitted for coverage, whether residential or...
Aon Launches ‘Green Building Property Program’
Aug 7 2008 // Aon Corporation has launched the “Aon Green Building Property Program,” which it describes as the “industry’s most comprehensive insurance solution to facilitate environmentally friendly and...
People
Aug 4 2008 // Narragansett Bay Insurance Co. of Pawtucket, Rhode Island has named Mark Talerico chief risk officer. Talerico will oversee Narragansett’s distribution of risk in homeowners insurance, and guide the insurers exposure...
People
Aug 4 2008 // Colemont Insurance Brokers promoted Matt Carpenter to assistant vice president in the company’s Chicago office. Carpenter joined Colemont in 2002, specializing in brokering casualty lines. His expertise has since...
Surplus Market Snapshot: Business Rides the Market Tides
Aug 4 2008 // Some Lines of Business Down But Not All; More Large Firms Going Directly to Foreign Insurers The people who run the Florida Surplus Lines Service Office are smack dab in the middle of the action and can see better than...
The Complete Condo Package, Part 1
Aug 4 2008 // Fitting the Pieces Together for a Comprehensive Association or Unit Owners’ Coverage Picture Completing the condominium insurance picture necessitates jigsaw puzzle tenacity. Quite a few pieces must be snapped...
A Philosophy – and Practice – of Sharing
Aug 4 2008 // Shows How Sharing Success With Producers Keeps the Agency and Its Clients Happy Top 100 Agency Profile Ranking: No. 8 Insurance Office of America Headquarters: Longwood, Fla. Year Founded: 1988 Additional Locations: 22...
U.S. P/C Insurers’ Catastrophe Losses for Q2 Double to $6 Billion
Aug 4 2008 // Total of 16 Cats Generate More Than 1.2 Million Claims; Average Claim Nearly $5,000 U.S. property/casualty insurers are expected to pay homeowners and businesses an estimated $6.025 billion for second quarter property...
Lloyd’s Analyzes Growing Coverage Problems of Insuring Vacant Property
Jul 29 2008 // In an article on its web site (www.lloyds.com), Lloyd’s looks at the increasing concerns over coverage for vacant properties. “As the economy worsens it’s expected that more and more businesses will fail,...
Insurance Policies Among Unclaimed Property in West Virginia
Jul 25 2008 // Unlike years past, there are no diamond rings or South African gold coins in West Virginia’s cache of unclaimed property. But State Treasurer John Perdue does have cash, stock shares and unclaimed insurance policies...
Tokio Marine to Acquire Philadelphia Insurance for $4.7 Billion
Jul 23 2008 // Japan’s Tokio Marine Holdings, Inc. reported that it has agreed to acquire all outstanding shares of Philadelphia Consolidated, a U.S. property/casualty insurance company offering specialty commercial property and...
New York Agents Support Expansion of Excess & Surplus Export List
Jul 23 2008 // Insurance agents and brokers in New York have called upon state officials to ease the rules for how agents obtain coverage for some high-risk policies. The Excess Line Association of New York has proposed adding dozens of...
Venture Insurance Names Rogers Managing Director of Specialty Property
Jul 22 2008 // West Chester, Pa.-based Venture Insurance Programs, a national program administrator, recently named Michael Rogers as executive vice president and managing director of a new specialty property unit. Rogers will establish...
U.S. P/C Insurers’ Catastrophe Losses for Q2 Double to $6 Billion; Average Claim $5K
Jul 21 2008 // U.S. property/casualty insurers are expected to pay homeowners and businesses an estimated $6.025 billion for second quarter property losses resulting from a total of 16 catastrophes in 27 states, which is nearly double...
