All the headlines from our Property Topic Page, ordered by recency.
Jan 9 2012 // Fresh data shows Louisiana’s insurer of last resort keeps churning away on getting private insurers to pick up policyholders, a problem largely stemming from the 2005 hurricanes.For policyholders of Louisiana...
Jan 5 2012 // Now that the year 2011 is behind us, let’s take a look at what might be ahead.Insurance Journal spoke with leading industry professionals and asked them what they are expecting this year. If their forecasts are any...
Dec 29 2011 // Fires in high-rise buildings cause about $230 million in property damage and take more than 50 lives a year.But high-rise buildings tend to present a lower risk of fire and associated losses than lower-rise building,...
Dec 27 2011 // Private U.S. property/casualty insurers’ net losses on underwriting grew to $34.9 billion in nine-months 2011 from $6.3 billion in nine-months 2010. The combined ratio deteriorated to 109.9 percent for nine-months...
Dec 27 2011 // The Property Risk Insurance Specialist (PRIS) program is an intense, three-day study of all areas of property insurance developed by Insurance Partners Academy and contributed to by the Insurance Journal Academy of...
Dec 22 2011 // Vermont Mutual Insurance Company, based in Montpelier, Vt., recently appointed industry veteran Donald Rung as property risk control manager. Rung has more than 33 years of loss control experience in the insurance industry...
Dec 21 2011 // The Property Risk Insurance Specialist (PRIS) program was developed by Insurance Partners Academy and is contributed to by the Insurance Journal Academy of Insurance. PRIS allows agents, brokers, underwriters, risk...
Dec 21 2011 // Gov. Rick Scott wants lawmakers to fix a pair of auto and property insurance issues that are costing Floridians hundreds of millions of dollars but have eluded resolution for more than a decade.The issue facing the largest...
Dec 16 2011 // Have you ever wondered how modern-day fire departments began? Or why agents buy E&O coverage? What about when the first business owners policy launched? These are just a few questions that Insurance Journal and Claims...
Dec 16 2011 // Nearly half of the U.S. property insurance policies renewed in the current quarter have been at higher prices, brokerage Marsh said, adding fuel to an industry turnaround after years of declining rates.Marsh said 48...
Dec 15 2011 // On the 200th anniversary of the first tremors of the New Madrid earthquakes, which were several of the most powerful quakes the United States has ever experienced, an insurance industry-backed group is reminding consumers...
Dec 15 2011 // Dozens of law enforcement officers trudged through soggy brush near a South Texas middle school on Dec. 13 looking for casings and other evidence to help explain how two boys were shot while they were trying out for the...
Dec 8 2011 // Gov. Rick Scott said he is concerned about Florida’s state-backed property insurer providing discounted coverage on new construction projects in high-risk areas.Scott questioned Citizens Property Insurance Corp....
Dec 6 2011 // William Gallagher Associates, a broker and risk management services provider, promoted Paula Cabral, Karen Cangemi and Meredith McCabe to the position of senior vice president. The brokerage firm also promoted Brendan...
Dec 5 2011 // Two managing general insurance agencies have increased earthquake insurance coverage in Oklahoma in the aftermath of the 5.6 magnitude tremblor that occurred near Sparks on Nov. 5.The Oklahoma Insurance Department said...
Dec 5 2011 // A Rebounding Market“This reduction in market share of Citizens is a great indicator that the homeowners insurance market as well as the commercial property insurance market in Louisiana is rebounding from the severe...
Dec 2 2011 // Nearly half of the U.S. property insurance policies renewed in the current quarter have been at higher prices, brokerage Marsh said on Friday, adding fuel to an industry turnaround after years of declining rates.Marsh said...
Dec 1 2011 // Aon has partnered with QBE Insurance Group to offer a product that will reimburse U.S. landlords for lost incomes when tenants default on rent payments.“Rent default coverage has been sold overseas for years, but has...
Nov 29 2011 // California’s a $1.9 trillion economy gets a multi-billion dollar boost from the property/casualty insurance industry, according to a report from the Insurance Information Institute issued Tuesday.In 2009, insurers...
Nov 21 2011 // The catastrophe property market seems to be moving away from soft market pricing conditions, but weak insurance demand and too much capacity is limiting insurers’ pricing power, a new report says.“The industry...