Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
Commercial property/casualty premiums drop, underwriting relaxes, 1st quarter survey finds
May 7 2007 // Commercial property/casualty premiums for all sizes of accounts dropped sharply during the first quarter of 2007, with indications that insurance companies are starting to loosen underwriting standards and price...
News Currents
May 7 2007 // Another report details property/casualty insurers’ 2006 profitability, escape from storms Warns falling prices mean profits are at, or are steadily, approaching the cyclical peak Another report on the insurance...
Texas’ March Enforcement Actions Lead to $188K in Fines, Restitutions
May 3 2007 // The Texas Department of Insurance announced enforcement actions that became final during March include nine license revocations, four license denials and fines and restitution totaling $188,826. Copies of Insurance...
Ala. Treasurer’s Vault has Plenty of Unclaimed Valuables
May 1 2007 // The Alabama state treasurer’s job is to reconnect lost items such as pearls, coins, timepieces, old Elvis records and a half a million dollars to their rightful owners, and right now the office has $317 million in...
Professional Program Insurance Brokerage Lowers Property Rates Nationwide
May 1 2007 // Due to the huge success and continued growth of all of their offered programs, combined with a catastrophe free season, Professional Program Insurance Brokerage has reduced their property rates nationwide. New rates take...
Florida Lawmakers Faced with Lengthy to-do List in Final Week
Apr 30 2007 // The Republicans who control the Florida Legislature swore they would solve the property tax imbroglio before the 2007 session ends May 4, but their competing bills remain unresolved along with several other bills of...
Aspen Appoints Warde President-U.S.
Apr 30 2007 // Bermuda-based Aspen Insurance Holdings Limited announced that Nathan Warde has been appointed President of Aspen Insurance U.S., with immediate effect. He will report directly to Chris O’Kane, Aspen’s...
Mo. Rockhill Names Vice President, Director of Property Underwriting
Apr 27 2007 // Rockhill Underwriting Management recently named Curt Crozier vice president and director of Property Underwriting. In his new role, Crozier will work closely with Rockhill’s Chief Property Officer to manage and grow...
AIG’s Lexington Opens Bermuda Office
Apr 26 2007 // Lexington Insurance Company, a member company of American International Group, Inc. announced it has opened a property and casualty insurance underwriting office in Hamilton, Bermuda. “Establishing this new office...
Fla. Homeowners Air Grievances over Taxes, Insurance
Apr 26 2007 // Jeanette Waddle is frustrated with rising property taxes and unaffordable insurance rates, and she let Fla.’s Gov. Charlie Crist hear about it Tuesday night during a town hall forum. The mother of three is married to...
P/C Insurers to Pay $1.2 Billion in 1st Quarter Home, Business Catastrophe Claims
Apr 25 2007 // Severe tornadoes in several southern states helped push catastrophe losses to more than $1.2 billion during the first quarter of 2007, according to the industry’s Property Claim Services (PCS), a unit of Insurance...
News Currents
Apr 23 2007 // Insurers fight impression their big profits are at claimants’ expense The headline numbers were eye-popping: Allstate reported a record $5 billion profit for 2006. State Farm Insurance’s profit climbed 65...
8 Texas AG, Allied World settle antitrust suit
Apr 23 2007 // Company admits no wrongdoing but agrees to pay $2.1 million 8 La.’s governor, commissioner unveil legislative plan Package of bills aimed at increasing competition in insurance market 10 Ark. commissioner tells U.S....
Large property market remains unsettled
Apr 23 2007 // Even a year of profitability has not settled the large property insurance market for buyers, especially for catastrophic coverage near coastlines and in earthquake zones, finds a new research report from New Jersey...
Coastal population growth contributing to high cost of property coverage
Apr 23 2007 // The U.S. population in hurricane-prone coastal states continues to rise, a trend that is likely to impact adversely the nation’s coastal property insurance market for years to come, according to Dr. Robert Hartwig,...
With La. session on horizon, governor and commissioner unveil package of bills
Apr 23 2007 // Louisiana Governor Kathleen Babineaux Blanco and state Commissioner of Insurance Jim Donelon on April 11 unveiled a joint legislative package designed to attract new insurers to the state, drive down rates and protect...
Coastline populations increasing insurance prices
Apr 23 2007 // The U.S. population residing in hurricane-prone states continues to rise, a trend which is likely to impact adversely the nation’s coastal property insurance market for years to come, according to testimony by Dr....
Top 25 Property/Casualty Companies in Premium Growth
Apr 23 2007 // 12-months ending Dec. 31, 2006 versus Dec. 31, 2005 (000 Omitted) DPW $ Change DWP DWP DWP $ DWP % Rank Company Name 12/31/2006 12/31/2005 Change Change 1 Lexington Insurance...
Habitational properties get closer to home
Apr 23 2007 // While catastrophe scenarios like earthquakes, mudslides or hurricanes capture most of the headlines, social, economic and investment trends continue to impact habitation, offering excellent opportunities for alert,...
Henson Joins MHBT as VP in Property/Casualty Group
Apr 19 2007 // McQueary Henry Bowles Troy L.L.P. (MHBT) announced that David Henson has joined its Dallas office as vice president in the property and casualty group. Having spent 20 years in the insurance business, Henson brings a deep...
