All the headlines from our Property Topic Page, ordered by recency.
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...
May 16 2011 // Global businesses do not understand the intellectual property risks facing their organizations or the value of their intangible assets, a new report says.Three-quarters of organizations are unable to identify the...
May 16 2011 // The original criteria and objective definition for Super Regional P/C Insurers™ was established in the Feb. 12, 2007 issue of Insurance Journal. Prior to the establishment of an industry-wide definition, a number of...
May 16 2011 // Virtually all insurance policies contain provisions and exclusions dealing with events that most insureds consider so remote and unlikely that they rarely give any thought to their possible occurrence, much less what...
May 16 2011 // In the closing days of Florida’s legislative session, lawmakers approved a bill that addresses sinkhole claims and a number of other property insurance issues.In addition to redefining sinkhole losses, the measure...
May 16 2011 // Alphabetical listing Acuity a Mutual Insurance Co. AIU Insurance Co. Alaska National Insurance Co. American Commerce Insurance Co. American Family Mutual Insurance Co. American Hallmark Insurance Co. of TX American...
May 16 2011 // J. Smith Lanier & Co. has appointed Rosemary Blair as the new senior vice president of its International Practice. Based out of J. Smith Lanier’s Atlanta office, Blair will assist producers with their...