All the headlines from our Property Topic Page, ordered by recency.
Oct 1 2010 // California Gov. Arnold Schwarzenegger has signed into law new rules designed to make it easier for understand their choices when purchasing homeowners insurance.AB2022 will, on July 1, 2011, revise the mandatory language...
Sep 23 2010 // Florida Insurance Commissioner Kevin McCarty has approved a statewide average homeowners insurance rate increase of 10.3 percent for policies written by the state-backed Citizens Property Insurance Corp.Citizens had filed...
Sep 23 2010 // Since 2008, many homes and businesses in the United States have been rezoned on Federal Emergency Management Administration flood hazard maps from low-to-moderate flood risk areas into higher risk areas, and vice versa....
Sep 22 2010 // The Washington Supreme Court has ruled that an insurer is required to pay sales tax when reimbursing a client for the actual cash value (ACV) of damaged property.According to court documents in Laura Holden v. Farmers...
Sep 21 2010 // One of the most important features of writing high net worth business is high value homeowner’s coverage — but these policies can be complicated for agents to understand because they have many more components...
Sep 20 2010 // Real estate errors and omissions (E&O) liability coverage is big business. Although the recent property debacle has focused attention on single home sales, they are only part of the market, even if transactions...
Sep 16 2010 // Charlie Adams and Angela James have joined the RT Specialty property team in Orange County, Calif. Each brings more than 20 years of experience in the excess and surplus property marketplace. Their expertise in course of...
Sep 16 2010 // Private U.S. property/casualty insurers’ net income after taxes rose to $16.5 billion in first-half 2010 from $6 billion in first-half 2009, with insurers’ overall profitability as measured by their annualized...
Sep 15 2010 // Following detailed analysis of property damage from the Darfield, New Zealand, earthquake, Risk Management Solutions said it “estimates that total insured losses will fall between NZD 2.1 billion (US$ 1.5 billion)...
Sep 13 2010 // Property/casualty insurers now have access to two standardized watercraft coverage programs for the cost of one.The American Association of Insurance Services (AAIS) has released revised forms and new manual rules and loss...
Sep 13 2010 // Florida Chief Financial Officer Alex Sink today announced the arrest of Aylin Hernandez, 23, of Miami, for fraudulently diverting mail and stealing payments intended for Citizens Property Insurance Corporation.Hernandez...
Sep 7 2010 // A battle over liability insurance coverage for groups using Oregon state property is brewing, and the Northwest Civil War Council is right in the middle of it.In 2009, the Oregon State Legislature passed Senate Bill 311,...
Sep 6 2010 // The vacant and distressed property segment, which was barely thought of two years ago, has been a beacon of light for insurers. This class has boomed in the past couple years as the economy has forced the closure of many...
Sep 6 2010 // More than $275 million in special property insurance assessments have not been reclaimed, and Louisiana policyholders will lose that money if they don’t act before the year is over, according to the Louisiana...
Sep 6 2010 // The vacant and distressed property segment, which was barely thought of two years ago, has been a beacon of light for insurers. This class has boomed in the past couple of years as the economy has forced the closure of...
Sep 6 2010 // The California State Compensation Insurance Fund named Tom Rowe president, CEO and member of the Executive Committee. He will report directly to the board of directors and is responsible for the day-to-day operations of...
Sep 6 2010 // For insurance agents, there is a lesson to be learned from Hulk Hogan – particularly about the pitfalls of selling coverage to wealthy clients.The well-known, ex-professional wrestler turned reality TV star is suing...
Sep 2 2010 // With Hurricane Earl on a path to skim the barrier islands and the coast of North Carolina beginning this evening, state Insurance Commissioner Wayne Goodwin is reminding all North Carolinians to take precautions before the...
Sep 1 2010 // Despite the devastation from Hurricane Katrina in 2005, Louisiana Insurance Commissioner Jim Donelon says the state’s insurance market is stronger now and that the “outlook for continued market recovery is...
Aug 30 2010 // More than $275 million in special property insurance assessments have not been reclaimed, and Louisiana policyholders will lose that money if they don’t act before the year is over.The assessments were imposed on...