Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
Will Wind/Hail Cosmetic Damage Exclusion Endorsements Become the Norm?
Mar 11 2013 // Cosmetic damage from wind and hail to homeowner and commercial properties may no longer be covered if insurers opt to use new policy endorsements – one for homeowners and another for commercial roofs. Two organizations...
Report Questions Insurer Readiness, Attitudes on Climate Change
Mar 7 2013 // A report out Thursday that details responses to a climate change survey from insurers doing business in California, Washington and New York shows many insurers are prepared to deal with today’s extreme weather...
Will Wind/Hail Cosmetic Damage Exclusion Endorsements Become the Norm?
Mar 7 2013 // Cosmetic damage from wind and hail to homeowner and commercial properties may no longer be covered if insurers opt to use new endorsements, one for homeowners and another for commercial roofs, that are becoming...
Property Insurance on Agenda as Florida Legislature Opens
Mar 6 2013 // New leadership now controls Florida’s Republican-led Legislature, where the loquacious Don Gaetz presides in the Senate and 33-year-old Will Weatherford steps into the biggest test of his political career as speaker...
Bill Proposing Property Assigned Risk Plan Filed in Texas
Mar 5 2013 // A bill has been filed that would drastically change the structure and/or funding for Texas’ insurer of last resort for wind and hail along the coast. Senate Bill 18 by Sen. John Corona would create the Texas Property...
DeVos Promoted to Vice President at Assurance
Mar 1 2013 // Melanie DeVos has been promoted to vice president, Client Services – Property and Casualty at Assurance, an independent insurance brokerage located in Schaumburg, Ill., and St. Louis, Mo. This newly created role is...
Bancroft Named Sr. Property Broker at Southwest Risk
Mar 1 2013 // ClearView Risk Holdings LLC (CVR), the holding company of Dallas, Texas-based Southwest Risk LP (SWR), announced that Simon Bancroft has joined SWR as a senior property broker. Bancroft started his career in the London...
Property Focus
Feb 25 2013 // Self-promotion is not a trait a lot of people respect, but when you think you really have something to offer, there’s no harm telling folks about it. Is there? Starting on page 22 guest columnist Carl Morello, vice...
Building Updates: Aging Electrical Systems
Feb 25 2013 // The Agent’s Role as Advisor and Risk Manager Editor’s note: This is the first of a three-part series to explain insurers’ requirements for building updates and to help agents advise clients on mitigating...
Wells Media Launches ‘Carrier Management’ For P/C Insurance Executives
Feb 22 2013 // Without a single headline referring to a hardening property/casualty insurance market, Wells Media Group has launched a new website—CarrierManagement.com—a business management publication focusing on the needs of...
Louisiana Property Owners Urged to Claim Citizens Assessment Rebate
Feb 21 2013 // Nearly two-thirds of Louisiana Citizens Property Insurance Corp. (Citizens) rebates that are available to policyholders are unclaimed, according to state Insurance Commissioner Jim Donelon. Donelon and Department of...
Ghost of Charlie Crist Haunts Insurance Reform
Feb 15 2013 // It has been more than two years since the adults regained control of Florida, yet the specter of the Charlie Crist days of demagoguery, populism-at-any-cost and overall political buffoonery looms heavy over the state...
EPIC Adds Descalso as Principal in Northern California
Feb 14 2013 // Edgewood Partners Insurance Center named George Descalso as a property and casualty insurance producer and principal in its San Mateo, Calif., office. Descalso’s responsibilities include the acquisition of new...
Aspen Posts $2 Mn Q4 Net Income; FY $280.4 Mn; No Plans to Exit U.S. Property
Feb 13 2013 // Bermuda-based Aspen Insurance Holdings Limited reported net income after tax of $2.0 million for the fourth quarter of 2012, compared to $12.4 million in Q4 2011. After tax net income for the full year was $280.4 million,...
Wilson to Advise Lockton Clients on Property Claims
Feb 13 2013 // Lockton Companies has named Sheri Wilson as national property claim director to advise Lockton clients on complex property insurance claims. She is based in the insurance broker’s Dallas, Texas, office and serves as...
Florida Lawmakers Unveil Property Reform Proposals
Feb 11 2013 // Florida lawmakers’ first draft of a property reform emphasizes depopulating and diverting policies from Citizens Property Insurance Corp., the state-backed property insurer that has 1.3 million policyholders. The...
Alabama Warns Hundreds of Insurers to Register or Face Fine
Feb 8 2013 // Hundreds of property/casualty insurance companies have not registered with Alabama regulators as required, prompting the state insurance department to issue a warning and extend the registration deadline to March 31. The...
Liz Henderson Joins ASL FL as Property/Casualty Producer
Feb 4 2013 // Clearwater, FL, 02/04/13 – In alignment with the corporate initiative for growth of the company’s presence in Central Florida, Atlantic Specialty Lines of Florida , Inc. has added Liz Henderson, AAI, AIS to...
Florida Senate Democrats to Oppose Property Insurance Rate Hikes
Jan 31 2013 // With Florida lawmakers expected to consider formal changes to the state’s property insurance market next week, state Democrats are signaling that they will likely oppose any measure that results in higher...
Florida Senate to Unveil Property Insurance Reforms
Jan 31 2013 // Florida lawmakers are planning next week to release a draft version of a property insurance reform bill. The Senate Banking and Insurance Committee has taken the lead on property insurance reform this year and so far has...
