Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
People
Jul 2 2007 // Donald Gaddis Co. Inc. announced that Jay Dillon will lead the newly opened Franklin, Mich., office. Dillon has over 35 years of extensive commercial insurance experience, according to the Gaddis statement. For the past 15...
Small business owners’ needs run large
Jul 2 2007 // Agents can serve as partners to satisfy the demands of running today’s small business Small business is big and getting bigger. Some 6.4 million businesses with one to 20 employees now contribute to our economy, and...
Coverage interpretation and claims litigation at odds
Jul 2 2007 // But overall, construction market looks ‘optimistic,’ Willis exec says Today’s construction underwriters and their claim departments may not be following the same blueprint on issues of coverage...
Jay Dillon
Jul 2 2007 // People Donald Gaddis Co. Inc. announced that Jay Dillon will lead the newly opened Franklin, Mich., office. Dillon has over 35 years of extensive commercial insurance experience, according to the Gaddis statement. For the...
Small business owners’ needs run large
Jul 2 2007 // Small business is big and getting bigger. Some 6.4 million businesses with one to 20 employees now contribute to our economy, and this segment continues to grow at a record pace. Everyone — the college graduate, the...
Coverage interpretation and claims litigation at odds
Jul 2 2007 // Today’s construction underwriters and their claim departments may not be following the same blueprint on issues of coverage interpretation for losses involving general liability and property damage claims, says Paul...
Recipe for Lawsuit: Restaurant Serves Up Intellectual Property Claim
Jun 28 2007 // One Manhattan restaurant is serving up an intellectual property lawsuit, saying a rival seafood bar run by a former protege copies “each and every element” of its business. Rebecca Charles, who opened the Pearl...
P/C Industry Net Income, Overall Profitability Slip in 1Q 2007
Jun 28 2007 // The U.S. property/casualty insurance industry’s net income after taxes dipped to $15.8 billion in first-quarter 2007 from $16.7 billion in first-quarter 2006 and $17.7 billion in first-quarter 2005, according to...
American Safety Enters Surplus Lines Property Market
Jun 21 2007 // New Jersey-based American Safety Insurance Services, Inc. said it has acquired a team of underwriters and entered the surplus lines property market, offering both monoline property and commercial multi-peril...
P/C Insurers Invest $320 Billion in Public Projects Including Schools
Jun 20 2007 // The insurance industry holds investments in municipal bonds worth more than $320 billion, investments that help fund construction of schools, roads, and hospitals, and support a variety of other public sector activities,...
Violent and property crime down in Northeast, reports FBI
Jun 18 2007 // Violent crime increased 1.3 percent in 2006 when compared with data from 2005. However, property crime decreased 2.9 percent for the same time period, according to the FBI. Violent crime was up, except in the Northeast....
Consumers not informed about homeowners insurance, study says
Jun 18 2007 // A large percentage of U.S. homeowners mistakenly believe that standard homeowners insurance protects them from an array of perils, according to research by the National Association of Insurance Commissioners, which...
News Currents
Jun 18 2007 // Violent crime up, property crime down in 2006, FBI reports Violent crime increased 1.3 percent in 2006 when compared with data from 2005. However, property crime decreased 2.9 percent for the same time period, according to...
News Currents
Jun 18 2007 // Fast-growing, state-run property insurers pose risk for taxpayers Exponential growth of state-run property insurers of last resort ultimately may shift much of the long-term risk of hurricane-related losses to...
Private Sector Summit to focus on Florida property insurance market
Jun 18 2007 // Property insurers in Florida are facing a crisis as they try to deal with the impact of drastic changes imposed on them with the recent enactment of HB 1A. How to respond to and manage those mandates will be the focus of...
U.S. Extends Aid to Conn. Property Owners for April Storm Damage
Jun 15 2007 // The federal government has extended aid to private property owners to help repair damage caused by a powerful nor’easter in April. The decision, announced by Gov. M. Jodi Rell’s office, is a reversal of the...
Lancashire Enters S.C. Property and Casualty Market
Jun 15 2007 // Lancashire Insurance Co. Ltd. gained approval to provide insurance coverage on an excess and surplus basis for properties located in South Carolina. Lancashire intends to focus primarily on coastal windstorm and earthquake...
Flood Insurance Program Doesn’t Know If Payments Covered Wind Damage
Jun 14 2007 // Since the National Flood Insurance Program does not collect data on both wind and flood damage claims from its insurers, it’s not possible to know if its billions of dollars in payments on hurricane-damaged...
Markel Global Marine & Energy Expands Onshore Property Products
Jun 13 2007 // Houston-based Markel Global Marine & Energy Inc. (MGME) announced an expansion of product capabilities in its Onshore Energy Property Division. According to the announcement. the division immediately will begin...
Hartford Financial Reports Changes at the Top; Names Marra President
Jun 13 2007 // The Hartford Financial Services Group, Inc. has named Thomas M. Marra to the newly created position of president and chief operating officer. Marra, 48, currently a member of the company’s board of directors and...