All the headlines from our Property Topic Page, ordered by recency.
Jun 20 2011 // Exposed to devastating hurricanes and a surprising influx of sinkholes, Florida may have the most challenging market for homeowners insurance in the nation, panelists told members of the Casualty Actuarial Society Spring...
Jun 20 2011 // Insurers must provide full coverage for personal property that’s been moved because of the threat of flooding on the Missouri River, South Dakota insurance regulators have determined. Insurance Director Merle...
Jun 20 2011 // For apartment owners, the insurance market remains as competitive as it gets. Despite the sometimes heavy exposures that encompass the habitational risk, the vast majority of apartment owners see the cost of coverage...
Jun 10 2011 // It is axiomatic in Florida that when it comes to the legislature and insurance issues, the power brokers play for the last 72 hours. No matter how many committee meetings, no matter how many press conferences, no matter...
Jun 7 2011 // Florida hasn’t been hit by a hurricane since the disastrous years of 2004 and 2005, but the state’s property insurance companies say they are still losing money despite collecting billions in premiums.That has...
Jun 6 2011 // The IMA Financial Group Inc. promoted three in the company’s employee benefits division to vice presidents.Gregg Kamas was promoted to vice president of IMA Financial Group and national practice leader of health risk...
Jun 6 2011 // Florida Gov. Rick Scott signed into law legislation that promises to lower costs for the state’s property insurers, including what they pay on sinkhole claims. Scott said the bill (SB 408) “strengthens...
Jun 6 2011 // For those in the industry, Florida’s recent legislative session was a long march as they tried to navigate through a process that initially promised much in the form of a new governor and strong pro-business...
Jun 6 2011 // It is axiomatic in Florida that when it comes to the legislature and insurance issues, the power brokers play to the last 72 hours. No matter how many committee meetings, no matter how many press conferences, no matter how...
Jun 6 2011 // Many companies are unaware that the insurance they purchase may not protect their most valuable assets, intellectual property (IP). That’s because most insurance policies exclude intellectual property, especially...
Jun 6 2011 // Florida’s history with hurricanes has created a series of assumptions long treated as facts, none of which is more quoted than the “fact” that the exposure on the coastline is a greater risk than inland...
Jun 2 2011 // A.M. Best Co. has downgraded the financial strength rating (FSR) to A (Excellent) from A+ (Superior) and issuer credit ratings (ICR) to “a+” from “aa-” of Columbus, Ohio-based State Auto Insurance...
May 27 2011 // A.M. Best Co. has affirmed the financial strength ratings (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa” of Travelers Group and its property/casualty members, and affiliates,...
May 26 2011 // YourHomeStuff, a community connecting website designed specifically for homeowners has launched at www.yourhomestuff.com.YourHomeStuff simplifies the process of maintaining and protecting a home, and managing family and...
May 25 2011 // Travelers has unveiled new property coverages through its IndustryEdge product for healthcare organizations.New coverages include: Ordinance or Law – Communicable Disease Contamination Coverage – This coverage pays the...
May 24 2011 // Violent crime is down 6.2 percent and property crimes have decreased 2.8 percent in the U.S., according to the latest government statistics.Also, arson offenses, which are tracked separately from other property crimes, is...
May 18 2011 // Lexington Insurance Co., a Chartis company, has introduced ITC Energy – 48SM, its energy investment tax credit insurance program, which consists of ITC Energy-48SM Mobile Property Insurance and ITC Energy-48 SM...
May 17 2011 // Florida Gov. Rick Scott has signed into law legislation that promises to lower costs for the state’s property insurers, including what they pay on sinkhole claims.While the memory of former Governor Charles...
May 17 2011 // The Verisk Catastrophe Index has been expanded beyond the hurricane peril to also cover U.S. earthquake risk, including fire following earthquake.The index provides industry-wide insured property loss estimates by county...
May 16 2011 // USG Insurance Services Inc., a national wholesale broker of commercial insurance, has added Douglas MacLachlan as a property broker, out of the Palatine, Ill., office. MacLachlan most recently held a position as a property...