All the headlines from our Property Topic Page, ordered by recency.
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...
Nov 21 2011 // Gov. Rick Scott wants the state-backed Citizens Property Insurance Corp. to recommend ways to shore up the troubled insurer.Scott, who prefers the insurer be sold to a private company, wants answers from the...
Nov 21 2011 // The Republican-controlled Wisconsin Legislature has passed a bill that would reduce property owners’ liability for a trespasser’s injuries or death. The Assembly passed the measure 80-15 on Nov. 3. The state...
Nov 17 2011 // Large catastrophe losses and the prospect of poor investment returns are paving the way for much tougher market conditions for commercial property insurance buyers, according to a new reportThe new report — the Lockton...
Nov 17 2011 // Torus Insurance announced that it has “enhanced its offering in Europe with the appointment of Brian Byrnes as Senior Underwriter for General Property and Marco Sonntag as Senior Underwriter for Casualty.”They...
Nov 15 2011 // San Diego, CA, 11/15/11 – American Claims Management, Inc. (ACM), has appointed Pier Westra as vice president of its Property Claims Division. Effective November 14, 2011, Westra will oversee all of ACM’s East...
Nov 9 2011 // Liberty International Underwriters (LIU), the global specialty lines division of Liberty Mutual Group, has opened an excess and surplus (E&S) property operation in Los Angeles to better serve the West Coast wholesale...
Nov 8 2011 // Alleghany Corp. reported $19.2 million in third-quarter net earnings, down 48 percent from one year ago when the company had $36.6 million in earnings.The company’s result reflects the decrease in pre-tax net...
Nov 7 2011 // The Republican-controlled Wisconsin Legislature has passed a bill that would reduce property owners’ liability for a trespasser’s injuries or death. The Assembly passed the measure 80-15 on Nov. 3. The state...
Nov 7 2011 // Dark clouds continue to hang over the U.S. housing market with prices still well below their peak and foreclosures high in many parts of the country.But there is a silver lining — great bargains on rental properties....
Nov 7 2011 // Company Name State of Speciality 2010 TOTAL DPW Texas Mutual Insurance Co. TX 596,191 Old American County Mutual Fire Insurance Co. TX 575,100 SAIF Corporation OR 327,373 St. Johns Insurance Co. Inc. FL 257,106 Brickstreet...
Nov 7 2011 // In a year in which natural disasters have dominated the news and have strongly — and negatively — influenced insurance companies’ bottom lines, insurers, industries and governments may want to take notice of an...
Nov 7 2011 // This issue has reports on innovation in insurance and where entrepreneurs find their inspiration. The presenters at this year’s Entrepreneurial Insurance Symposium said they are inspired by their own experiences,...
Nov 7 2011 // Jim Donelon has been re-elected commissioner at the Louisiana Department of Insurance. Donelon, a Republican from Metairie, on Oct. 22 defeated Democrat Donald Hodge. Donelon has been insurance commissioner since...
Nov 4 2011 // Property/casualty insurance rates will continue to be flat to with some slight increases or decreases in most major and specialty lines of insurance.Some exceptions to that trend include catastrophe-exposed property...