All the headlines from our Property Topic Page, ordered by recency.
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...
Nov 8 2010 // Companies that seek longevity in the insurance industry should not focus solely on increasing profits. That’s the assessment of Robert P. Hartwig, president and economist for the Insurance Information Institute. In...
Nov 3 2010 // Bermuda-based Alterra Capital Holdings Limited reported net income of $82.8 million, or $0.70 per diluted share, for the third quarter of 2010, compared to net income of $95.3 million, or $1.64 per diluted share, for the...
Nov 1 2010 // Five years after Hurricane Katrina devastated the Gulf Coast, neither the federal government nor the private sector is any closer to developing effective solutions to the problems facing flood and windstorm insurance,...
Nov 1 2010 // Five years after Hurricane Katrina devastated the Gulf Coast, neither the federal government nor the private sector is any closer to developing effective solutions to the problems facing flood and windstorm insurance,...
Nov 1 2010 // The Liability Risk Retention Act of 1986 (LRRA) was enacted to help solve the crisis of the 1980s created by the unavailability of affordable commercial liability insurance. The LRRA gave risk retention groups (RRG) the...
Oct 29 2010 // Cincinnati Financial Corp. reported $156 million, or 95 cents per share, of net income for the third quarter of 2010 compared with a net income of $171 million, or $1.05 per share, in the third quarter of 2009.The...
Oct 22 2010 // Catlin Re Switzerland, the European reinsurance company currently being formed by Catlin Group Limited, headquartered in Zurich, has announced two additions to its underwriting staff.Christophe Chandler, currently a Class...
Oct 18 2010 // The nation’s flood insurance program is extending the availability of lower cost policies for some property owners who have been recently remapped into higher-priced areas.Since 2008, many homes and businesses in the...
Oct 18 2010 // The Iowa Court of Appeals upheld a decision by a lower court that a builder’s risk insurance policy remained in effect after the policyholder transferred the property, by warranty deed, to another party in exchange...
Oct 18 2010 // 1. Flood CoverageFlood coverage is NOT included in the Commercial Property Package (CPP). 2. Vacant v. Unoccupied“Vacant” and “unoccupied” are not synonymous in the CPP. A building or unit can be...
Oct 18 2010 // Co-insurance penalty. Trust me these are not the words you want to hear from your customer right after a claim. How confident are you that your customers know: 1) if they have a co-insurance provision in their property...
Oct 12 2010 // A national property/casualty advisory organization has developed several new policy forms insurers can use for writing the builders’ risk and installation floater classes of inland marine insurance.The American...
Oct 8 2010 // The Iowa Court of Appeals upheld a ruling by a lower court that a builder’s risk insurance policy remained in effect after the policyholder transferred the property, by warranty deed, to another party in exchange for...
Oct 7 2010 // Standard & Poor’s Ratings Services has raised its counterparty credit and financial strength ratings on American Financial Group’s (AFG) core insurance subsidiaries to ‘A+’ from...