Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
Privately-Held Independent Property/Casualty Agencies
Aug 4 2014 // About This Report: Welcome to the 10th annual Insurance Journal Top 100 Independent Property/Casualty Agencies report. The Top 100 list is ranked by total property/casualty agency revenue for 2013 and comprises only those...
South Carolina Mandates Home Insurance Education, Disclosure
Aug 4 2014 // South Carolina Insurance Director Ray Farmer South Carolina Insurance Director Ray Farmer has issued a bulletin drawing the industry’s attention to the provisions of the Competitive Insurance Act passed this year....
UnitedHealth’s $173M Fine May Be Warning to P/C Insurers
Jul 30 2014 // A decision by California Insurance Commissioner Dave Jones to fine UnitedHealth Group $173.6 million for violations having to do with the Unfair Business Practices Act, the Unfair Insurance Practice Act and unfair claims...
Florida 1.3% Hurricane Tax to End in January
Jul 30 2014 // Florida regulators announced they are ending a 1.3 percent assessment on property insurance premiums 18 months ahead of schedule. The monies had been used to pay off bonds issued by the state’s hurricane catastrophe...
IFG Companies Names Doyle Managing Director in California
Jul 29 2014 // IFG Cos. named Dennis P. Doyle as managing director in its property department. Doyle will be based in the Los Angeles, Calif. area and will participate in the opening of IFG’s new office in that region. He will help...
Emig Joins IFG Companies’ Property Unit in Atlanta Office
Jul 24 2014 // James E. Emig has joined IFG Companies as director of its Bind Property unit, where he will be responsible for property and package business across the United States. Emig will be based in IFG’s Atlanta office. He...
Hanover Offers Insurance Advice for Parents Sending Kids to College
Jul 22 2014 // The Hanover Insurance Group advises that as new high school graduates get ready to head off to college, parents would be wise to prepare for potential risks and liabilities, and to consider the insurance...
Best Assigns Ratings to Starr Property & Casualty Insurance (China)
Jul 17 2014 // A.M. Best has assigned the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” to Starr Property & Casualty Insurance (China) Company, Limited (Starr China), formerly...
CFC Underwriting Launches Intellectual Property Product
Jul 16 2014 // Specialist lines underwriting agency CFC has launched an intellectual property product focused on small and medium sized companies. The product can cover the costs associated with a number of intellectual property...
Schmitz to Head XL Group’s Global Property Risk Engineering
Jul 16 2014 // XL Group has appointed Dave Schmitz to lead its global Property Risk Engineering Services, including XL Global Asset Protection Services, a network of risk engineers who provide on-site property risk analysis and support...
Fireman’s Fund Names Bailey National Practice Leader in Property
Jul 15 2014 // Fireman’s Fund Insurance Co. named Steven Bailey national practice leader in field underwriting for highly protected risks in large property. In this national role, Bailey brings his experience as an underwriter and...
Construction P&C Premiums Slump 10-30% Due to Overcapacity: Willis Report
Jul 15 2014 // “Overcapacity in the international construction, property & casualty markets in the first half of 2014 has resulted in rate reductions of up to 30 percent for commercial insurance buyers,” according to a...
Lighthouse Property Insurance Launches Dwelling Fire Product in South Carolina
Jul 10 2014 // Owners of South Carolina rental properties have the option of insuring their residences through Lighthouse Property Insurance Corp. beginning July 14. The coverage is available for rental residence or an owner-occupied...
Liberty Mutual Expands Large, Global Property Risk Unit; Adds 5 Underwriters
Jul 10 2014 // Aiming for a bigger role in the market for large, complex global property risks, Liberty Mutual has expanded its National Accounts Property unit and added five underwriters. The unit provides ground-up, shared and layered,...
Maritzen to Head New Endurance U.S. Commercial Property Operation
Jul 8 2014 // Bermuda-based Endurance Specialty Holdings Ltd. announced that Mark Maritzen has joined the company as Executive Vice President and Head of Commercial Property within its U.S. Insurance operation. He has nearly twenty...
Endurance Launches U.S. Commercial Property Retail Division
Jul 8 2014 // Endurance Specialty Holdings Ltd. announced that Mark Maritzen has joined the company as executive vice president and head of commercial property within its U.S. Insurance operation. Maritzen will be responsible for...
Weather Damages to Iowa Public Property in June Exceed $15M
Jul 7 2014 // Damage to public roads, bridges and buildings is estimated at more than $15 million from storms and flooding in June, Iowa’s top emergency management official said. Those estimates include only public facilities,...
P/C Insurers’ Profit Dipped in Q1
Jul 6 2014 // Private U.S. property/casualty insurers’ net income after taxes fell to $13.8 billion in first-quarter 2014 from $14.3 billion in first-quarter 2013. Insurers’ pretax operating income – the sum of net...
Mass. Bill Would Add Liability Coverage to FAIR Plan’s Non-Owner Occupied Dwelling Policy
Jul 1 2014 // The Massachusetts Association of Insurance Agents (MAIA) is pushing a bill, S-465, that would require the Massachusetts Property Insurance Underwriting Association (MPIUA), also known as the Massachusetts FAIR Plan, to...
Beecher Carlson Names Braun Property Practice Leader on West Coast
Jun 25 2014 // Beecher Carlson Insurance Services LLC named Reiner Braun as senior managing director in its national property practice, a post in which he will have oversight of the Western U.S. Braun will work out of the Woodland Hills,...
