All the headlines from our Property Topic Page, ordered by recency.
Dec 5 2010 // Frost Insurance in Austin, Texas promoted Sheri Smyth to vice president of personal lines. Smyth, a 23-year insurance industry veteran, manages the personal lines department’s growth and retention efforts, and...
Dec 5 2010 // Louisiana Citizens Property Insurance Corp. (Citizens) has held a fourth depopulation offering in which 13,500 policies have been assumed by the private insurance market, according to state Insurance Commissioner Jim...
Dec 5 2010 // Florida and Louisiana have reduced the number of policyholders covered by their state-run property insurers of last resort since 2008 but non-coastal property owners remain vulnerable to paying for these same...
Dec 2 2010 // Nearly $355 million in rebates from Louisiana’s property insurer of last resort has not been claimed and state’s top insurance regulator wants people to know about it.Insurance Commissioner Jim Donelon is...
Dec 2 2010 // More than a dozen Farmington, N.M., residents and businesses have put the city on notice that they want reimbursement for damages caused by flooding in August.Some 14 claims have been filed, meeting a 90-day deadline to...
Dec 1 2010 // The number of Louisiana property insurance consumers who benefit from the lower rates offered by private insurers is growing as the state’s Citizens Property Insurance Corp.’s (Citizens) depopulation program...
Nov 30 2010 // Zurich has expanded its its Property Portfolio Protection (P3) for the construction industry. P3, an alternative to ISO forms, offers Zurich’s rates and language that includes more than 36 additional coverage...
Nov 23 2010 // Louisiana Citizens Property Insurance Corp. (Citizens) has held a fourth depopulation offering in which 13,500 policies have been assumed into the private insurance market, state Insurance Commissioner Jim Donelon...
Nov 22 2010 // A.M. Best Co. has affirmed the financial strength ratings (FSR) and issuer credit ratings (ICR) of the property/casualty and life/health insurance subsidiaries of Assurant, Inc. Best also affirmed the ICR of...
Nov 19 2010 // Houston-based HCC Insurance Holdings Inc. has hired Frank Pedicini and Frank Argondizzo to lead the company’s new technical property division based in New York, N.Y. Combined the two bring more than 52 years of...
Nov 18 2010 // The U.S. property and casualty industry continued to experience modest growth in premiums written while essentially breaking even on underwriting with a calendar year combined ratio of approximately 100 percent, according...
Nov 18 2010 // The Chubb Group of Insurance Companies has expanded the features available under its Customarq for Cultural Institutions package policy. The policy is available to not-for-profit cultural institutions, including botanical...
Nov 16 2010 // Ace USA, the U.S.-based retail operating division of the ACE Group, announced a new structure and senior leadership appointments. The structure consists of two zonal operations and a centralized complex risk unit for...
Nov 15 2010 // With organic growth difficult in the current economy and soft market, there could be an increase in insurance industry merger and acquisition activity over the next 12 to 18 months, according to mergers and acquisitions...
Nov 12 2010 // A new state report confirms sinkhole insurance claims are rising in Florida, costing insurers millions of dollars in payouts and expenses, cropping up in counties where they have not been a problem in the past, and showing...
Nov 11 2010 // Equipment suppliers often have protection needs that extend beyond the scope of a traditional property policy. Whether a business rents tents and tables for special events, sells industrial machinery or leases high value...
Nov 11 2010 // Property owners who allow others to hunt deer on their property are advised to use a Hunting Hold Harmless Agreement to help mitigate damages that may result from a claim, according to Fremont Michigan InsuraCorp...
Nov 11 2010 // Illinois Department of Insurance Director of Insurance Michael T. McRaith has issued the following disciplinary orders for September and October 2010:Shango D. Johnson, Chicago – Insurance producer license suspended...
Nov 9 2010 // Specialty insurer Torus appointed Catherine Miller to head of E&S General Property.Based in Jersey City, Miller will manage general property business written through wholesale brokers throughout the United States....
Nov 9 2010 // In Rapides Parish, Louisiana, officials know they have a problem with abandoned, rundown properties. That poses another problem: what to do with them.As economic conditions have stagnated, rising numbers of properties have...