Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
Abraham Joins CNA Property and Marine Division
Jun 12 2007 // CNA Financial Corp. in Chicago reported that James Abraham has joined the firm as senior vice president of Property and Marine. Abraham has 25 years of industry experience, including serving as vice president of...
Texas Mid-Year Property/Casualty Symposium Set for July 12
Jun 12 2007 // The Insurance Council of Texas (ICT) and the Association of Fire and Casualty Companies in Texas (AFACT) will present the 15th Annual 2007 Mid-Year Property & Casualty Insurance Symposium on July 12, in Austin,...
Fast-Growing, State-Run Property Insurers Pose Risk for Taxpayers
Jun 8 2007 // Exponential growth of state-run property insurers of last resort ultimately may shift much of the long-term risk of hurricane-related losses to policyholders and taxpayers, even those who live nowhere near the coast,...
Novae Launches UK Property Team
Jun 7 2007 // Novae Plc has put together a team of specialist property underwriters to handle its new venture into the UK property market. Mike Platt and his team of Darrian Kempster, Barrie Roper and Tim Simpson-Lee have joined the...
Violent Crime Up, Property Crime Down in 2006, FBI Reports
Jun 6 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....
La. Senate Backs Tax Break for Property Insurance Increases
Jun 6 2007 // People and businesses in Louisiana who are paying higher property insurance premiums since hurricanes Katrina and Rita should get a tax break for those increased costs, the Senate agreed June 4. The tax break proposal by...
Consumers Not Informed about Homeowners Insurance, Study Says
Jun 5 2007 // A large percentage of U.S. homeowners mistakenly believe that standard homeowners insurance protects them from a wide array of perils, according to new research by the National Association of Insurance Commissioners...
Property insurance rate hikes in store for La.
Jun 4 2007 // Louisiana regulators in late May approved property insurance rate hikes of 16 percent to 51 percent for three small companies, with larger increases for homeowners along the coast. The Louisiana Insurance Rating Commission...
Property insurance rate hikes in store for La.
Jun 4 2007 // Louisiana regulators in late May approved property insurance rate hikes of 16 percent to 51 percent for three small companies, with larger increases for homeowners along the coast. The Louisiana Insurance Rating Commission...
Protecting against floods
Jun 4 2007 // Flooding caused by hurricanes and tropical storms can wreak havoc along the Eastern Seaboard and Gulf Coast from June through November. However, that flood risk is not limited to summer and fall months alone, nor to just...
Arch Promotes Kmetz for Global Property, Manahan for E&S
May 31 2007 // Arch Insurance Group, a subsidiary of Arch Capital Group Ltd., announced the following executive moves in its property division effective immediately: Michael Kmetz has been promoted to senior vice president and will be...
Willis Reports on Property Market
May 31 2007 // Global broker Willis, in its latest “Property Alert” indicates that the “the global capacity, pricing regimens, terms and conditions for both Cat Risks and non-Cat Risks in the global property insurance...
Wis. Wausau Survey Reveals Trends in Lines of Commercial Insurance
May 30 2007 // Spurrred by advice from their agent or broker, commercial insurance buyers show increasing interest in buying more than one line of coverage from a carrier, according to a new survey commissioned by Wis.-based Wausau...
La. Regulators Approve Property Insurance Rate Hikes
May 29 2007 // Louisiana regulators have approved property insurance rate hikes of 16 percent to 51 percent for three small companies, with larger increases for homeowners along the coast. The Louisiana Insurance Rating Commission on May...
Study Highlights Industry’s Potential Climate Change Liabilities
May 29 2007 // Liabilities follow the insurance industry as the night follows the day. So, it’s not terribly surprising to learn that a new study – “Limiting Liability in the Greenhouse: Insurance Risk-management...
Plan Meant to Lower La. Citizens Rates Wins Panel’s Approval
May 25 2007 // The Louisiana House of Representatives Insurance Committee approved a plan meant to lower homeowners rates charged by Louisiana’s state-backed insurer, despite warnings that it will backfire and exacerbate the...
E&S Carrier Ironshore Approved to Write Commercial Risks in Fla.
May 24 2007 // Bermuda-based Ironshore Insurance Ltd. reports it has been approved to write property, property catastrophe and casualty insurance on an excess and surplus basis for risks in Florida. Ironshore, formed in late 2006, is a...
Corps of Engineers, Mo. Property Owners Assess Levee Damage
May 22 2007 // As floodwaters recede along the Missouri River bottoms, some areas remain at risk because their levees are broken. “The flood is not over for me if there’s still a hole in the levee,” said Tom Waters of...
Study assesses impact of Florida property insurance legislation
May 21 2007 // A Florida law enacted during a 2007 January special session provides immediate savings for homeowners by shifting potential payments for hurricane losses from the homeowners receiving the current policy benefits to future...
Property/Casualty State Specialists Insurers
May 21 2007 // The late Speaker of the House of Representatives “Tip” O’Neill once said, “All politics is local.” To paraphrase, all insurance is local. This is why a large number of state specialists thrive...
