property insurance News

Cochrane & Company Combines Property, GL Coverage for Shooting Sports Program

Cochrane & Company has combined general liability and property insurance for its ARMS program for the shooting sports industry, which includes ammunition, firearms manufacturing, and all supporting specialties. The coverage is backed by a carrier rated A by A.M. Best …

Louisiana Citizens Property Insurance to Boost its Line of Credit to $125M

Louisiana’s property insurer of last resort received approval from state officials to bump up its bank line of credit, giving the company more resources to cover claim costs if the state is hit with a significant storm. The State Bond …

CNA Introduces New Package Policy For Mid-Sized Businesses

CNA has launched CNA Paramount, a new package policy for mid-sized businesses that combines property and general liability coverage. CNA Paramount brings all the basic and critical property and crime coverage needs into one package, namely: business property including, but …

Cameron, Louisiana Adds Firefighters; Expects Lower Insurance Premiums

Cameron Parish Fire District 10 in Louisiana has hired six firefighters and officials say that will improve response to fire calls in Johnson Bayou and Holly Beach and lower fire insurance premiums. District secretary Rhonda Morrison tells The American Press …

SullivanCurtisMonroe, CMTA to Launch Environmental Risk Management Program

SullivanCurtisMonroe (SCM) has formed a partnership with the California Manufacturers & Technology Association (CMTA) to launch the Environmental Risk Management (ERM) program. The ERM Program helps CMTA members manage the environmental risks facing their business through the use of ERM …

American Integrity, Wright Flood to Offer Residential Flood Insurance

Florida residential property insurer American Integrity Insurance Group has partnered with Wright Flood, a flood insurance provider to offer residential flood insurance. Effective April 1, 2013, American Integrity Insurance Group will make flood coverage available through its network of independent …

Will Wind/Hail Cosmetic Damage Exclusion Endorsements Become the Norm?

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 available. The two organizations that standardize …

Florida Senate Democrats to Oppose Property Insurance Rate Hikes

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 rates. Senate Minority Leader Chris Smith (D-Oakland Park) said …

U.S. Commercial Insurance Prices to Firm in 2013: Marsh

Rates for commercial lines insurance will continue to rise in 2013 thanks to above average losses, low investment returns and receding reserve releases. However, according to a new report published by Marsh, traditional signs of a conventional hard market have …

ACE USA Restructures Global Property Division

ACE USA, the U.S.-based retail operating division of The ACE Group, has reorganized its Global Property division to now include three property insurance units designed to serve the needs of domestic and multinational businesses. The commercial property, specialty catastrophe, and …