Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
Can the stand-alone market withstand TRIA ending?
Dec 10 2006 // The market of last resort may soon become the only option for thousands of policyholders if the Terrorism Risk Insurance Act (TRIA) sunsets and property/casualty carriers stop offering terrorism coverage. With a recent...
Lost in translation
Dec 10 2006 // To determine the appropriate insurance for a commercial client, the first step is a thorough review of the property-protection standards, public and private, in each of the countries where that client has operations. A...
London American Announces Launch of Apartment Property Program
Dec 8 2006 // HOUSTON, TEXAS– London American Risk Specialists, Inc. is pleased to announce the immediate launch of an Apartment Property Program endorsed by the National Apartment Association. This program is available in the...
Allstate to Halt New Property Business in Conn., N.J. and Del.
Dec 8 2006 // Allstate Insurance Co., continuing its reappraisal of its hurricane loss exposure along the East Coast, has decided to stop writing new property insurance policies in all areas of Connecticut, New Jersey and Delaware. The...
Conn. Coastal Rules Could Make Matters Worse, Warn Insurers
Dec 7 2006 // Insurers aren’t happy with new restrictions on coastal property underwriting being imposed by Connecticut Insurance Commissioner Susan Cogswell in a reversal of her previous policy and they warn that the rules could...
MHBT Appoints Jarrell as Senior VP in Property/Casualty Group
Nov 22 2006 // Dallas-based insurance and risk management firm McQueary Henry Bowles Troy L.L.P. (MHBT) announced that Rick Jarrell has joined the Dallas office of MHBT as senior vice president in the property and casualty group. His...
IIAT survey finds coastal insurance market tighter; more expensive
Nov 20 2006 // Property insurance along the Texas coast is getting harder to find plus premiums and deductibles are increasing, according to results from a survey of independent insurance agents. Respondents are members of the...
Burden of proof to determine insurance coverage in ‘slab’ case
Nov 20 2006 // When asked to determine coverage under an insurance policy, courts frequently recite the principle that the insured has the burden of proving coverage under the policy and the insurer has the burden of proving exclusions...
Florida Property & Casualty Insurance Reform Committee Recommendations
Nov 20 2006 // Hurricane Catastrophe Fund Keep the current retention level but consider offering coverage below the retention level/attachment point (first layer of coverage) on a voluntary basis to all admitted companies participating...
People, partnerships lead to nearly a century of success
Nov 20 2006 // Good people can make or break a company. In San Diego-based Barney & Barney’s case, it’s clearly made it; the company has been in business for nearly a century, thanks to people who have invested their...
Commercial premiums, except coastal property, continue to fall
Nov 20 2006 // Commercial insurance premiums fell slightly in the third quarter of this year, representing a continuation of the trends that occurred in the past two quarters, according to the RIMS Benchmark Survey, which surveys current...
Florida Property & Casualty Insurance Reform Committee Recommendations
Nov 19 2006 // Hurricane Catastrophe Fund 1. Keep the current retention level but consider offering coverage below the retention level/attachment point (first layer of coverage) on a voluntary basis to all admitted companies...
IIAT survey finds coastal insurance market tighter; more expensive
Nov 19 2006 // Property insurance along the Texas coast is getting harder to find plus premiums and deductibles are increasing, according to results from a survey of independent insurance agents. Respondents are members of the...
Burden of proof to determine insurance coverage in ‘slab’ case
Nov 19 2006 // When asked to determine coverage under an insurance policy, courts frequently recite the principle that the insured has the burden of proving coverage under the policy and the insurer has the burden of proving exclusions...
People, partnerships lead to nearly a century of success
Nov 19 2006 // Good people can make or break a company. In San Diego-based Barney & Barney’s case, it’s clearly made it; the company has been in business for nearly a century, thanks to people who have invested their...
Commercial premiums, except coastal property, continue to fall
Nov 19 2006 // Commercial insurance premiums fell slightly in the third quarter of this year, representing a continuation of the trends that occurred in the past two quarters, according to the RIMS Benchmark Survey, which surveys current...
Beazley Names New Senior Underwriter of Central Region Based Chicago
Nov 17 2006 // Beazley Group plc announced that to strengthen its U.S. commercial property team ahead of its launch in the admitted market the company has hired Neil Brown as the senior underwriter for its central region, based in...
Hannover Re Posts $486 Million Half-Year Net Income
Nov 15 2006 // Germany’s Hannover Re joined the expanding list of large reinsurers who are having a pretty good year due to the decline in natural catastrophes. The Group earned €380 million ($486 million) in the first six months...
The Hartford Expands Program to Commercial Property Managers
Nov 15 2006 // The Hartford Financial Services Group, Inc. has expanded its real estate insurance program to offer property and liability coverage to commercial property owners and managers. The Hartford’s target market encompasses...
N.C.’s Jones, Duplin Counties Face Deadline for Ernesto Claims
Nov 15 2006 // The deadline for seeking mediation for disputed insurance claims arising from Tropical Storm Ernesto is fast approaching for residential property owners in Jones and Duplin Counties. Residents with disputed property...
