Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
N.J. high court rules first responders can sue negligent property owners
Mar 26 2007 // The New Jersey Supreme Court ruled that when police and firefighters get hurt handling an emergency, they may sue and win compensation if negligence contributed to the injury. The unanimous decision found that a 1993 state...
The Commissioners: Jane Cline
Mar 26 2007 // Jane L. Cline was first appointed West Virginia Insurance Commissioner in January 2001 and reappointed by current Gov. Joe Manchin. In addition to her responsibilities as Insurance Commissioner, Cline serves as...
Fla.: Citizens Property Insurance Corp. Receives Millions from IRS
Mar 21 2007 // Florida’s Citizens Property Insurance Corp. received more than $168 million from the Internal Revenue Service as part of an agreement declaring Citizens’ predecessor a tax-exempt entity, a company official said...
N.J. High Court: Public Workers Can Sue Negligent Property Owners
Mar 15 2007 // The New Jersey Supreme Court this week ruled that when police and firefighters get hurt handling an emergency, they can sue and win compensation if negligence contributed to the injury. The unanimous decision by New...
A.M. Best likes what it sees in property/casualty personal lines segment
Mar 12 2007 // Rating and industry analysts at A.M. Best are maintaining their stable outlook for the personal lines property/casualty segment in 2007 based on what they see as this sector’s continued favorable risk-adjusted...
Understanding coverage gaps in farm/ranch policies
Mar 12 2007 // Is the rural dwelling a home or a ranch? It’s an important distinction, as there can be substantial differences in coverage. For example, a standard homeowners policy covers fencing, as well as the contents of...
News Currents
Mar 12 2007 // La. insurance regulators order Allstate to reverse cancellations Louisiana Commissioner of Insurance Jim Donelon on Mar. 6 ordered Allstate to scrap its property inspection process that led to the cancellation of more than...
Understanding coverage gaps in farm/ranch policies
Mar 12 2007 // When underwriting farms and ranches, it’s important to understand the subtle nuances in risk. After all, a loss to either could mean the policyholders not only have damage to their home, but also to their...
Ill. FAIR Plan Receives Nod for 7.7 Percent Rate Hike
Mar 7 2007 // The Illinois Division of Insurance has granted the Illinois FAIR Plan a rate change for Dwelling Property policies. The overall increase is 7.7 percent, effective March 1, 2007. The last increase in the FAIR Plan rate was...
AutoMart Signs up Chinese Insurers
Mar 6 2007 // AutoMart-China, a 95 percent owned subsidiary of Florida-based Deep Field Technologies, has become the “largest independent auto aftermarket company in Beijing,” according to a Company bulletin. The Company has...
TDI Orders Nearly $900K in Fines, Restitution in January Actions
Mar 6 2007 // The Texas Department of Insurance announced enforcement actions taken by Commissioner Mike Geeslin that became final during January. The actions include nine license revocations, two license denials and fines and...
Lockton Expands N.Y. Property Practice, Adding Beegle as Senior V.P.
Feb 27 2007 // Privately-held insurance broker Lockton Companies, LLC has expanded its New York team with the addition of Ray Beegle as senior vice president and Property Practice leader. Beegle is responsible for New York’s...
Property Taxes, Insurance Among Top Issues for Fla. Lawmakers
Feb 27 2007 // This could be the people’s year in Tallahassee, if you believe state lawmakers. “There is a feeling out there that we in government aren’t listening, that in the sound and fury of partisan politics, the...
Maryland mulls how to keep property insurers on coast
Feb 26 2007 // Alarmed that homeowners on Maryland’s coasts may one day be cut off from home insurance, state lawmakers are mulling new rules prohibiting insurers from pulling out of areas they deem risky. But insurers met with...
The Commissioners: Thomas Hampton
Feb 26 2007 // D.C. growing its captive market, escaping worst of property pullbacks Thomas Hampton, commissioner of the District of Columbia Department of Securities, Insurance and Banking. Hampton, who was reappointed to his post by...
A look behind the very good property/casualty results for 2006
Feb 26 2007 // The numbers, or estimates, for the property/ casualty insurance industry for 2006 are in. Dr. Robert Hartwig, president and chief economist of the Insurance Information Institute, sat down with Insurance Journal’s...
Thomas Hampton, District of Columbia, Commissioner, Department of Securities, Insurance and Banking
Feb 25 2007 // Thomas Hampton, commissioner of the District of Columbia Department of Securities, Insurance and Banking. Hampton, who was reappointed to his post by Mayor Adrian M. Fenty in January, discusses the District’s...
People
Feb 25 2007 // Covington, La.-based First Premium Insurance Group Inc., a regional property and casualty insurance broker, added a new team member, Crystal DePascual. DePascual joined First Premium’s staff as marketing...
A look behind the very good property/casualty results for 2006
Feb 25 2007 // News Currents The numbers, or estimates, for the property/ casualty insurance industry for 2006 are in. Dr. Robert Hartwig, president and chief economist of the Insurance Information Institute, sat down with Insurance...
Top 25 Property/Casualty Companies in Premium Growth
Feb 25 2007 // 12 months ending Sept. 30, 2006, versus Sept. 30, 2005 (000 Omitted) DPW Change DWP DWP DWP $ DWP % Rank Company Name 9/30/2006 9/30/05 Change Change 1 Lexington Insurance...
