All the headlines from our Property Topic Page, ordered by recency.
Aug 2 2010 // Offering comprehensive homeowners coverage in today’s insurance market is not only good business, but a necessity. Insuring the property for full replacement cost is key. With the current economical impact on the...
Jul 29 2010 // Attorney General Wayne Stenehjem says North Dakota’s crime rate dropped slightly last year, but the number of violent crimes rose.A new report provides North Dakota statistics for a number of crimes, including...
Jul 28 2010 // In a decision that changes nearly a century’s worth of case law, Massachusetts highest court has ruled that property owners can be held liable for snow-related injuries — regardless of whether plows cleared the...
Jul 27 2010 // Where contractors are involved, one of the most intractable problems for a carrier in negotiating and settling claims are the contract liability issues. How does a carrier identify if a contractual claim is covered? A...
Jul 27 2010 // A.M. Best Co. has assigned a financial strength rating of ‘A’ (Excellent) and issuer credit ratings of “a” to China Reinsurance (Group) Corporation (China Re or the Group) and its subsidiaries,...
Jul 26 2010 // Louisiana Insurance Commissioner Jim Donelon announced July 23 that he has appointed Richard Robertson, of Northville, Mich., as the new president of Louisiana Citizens Property Insurance Corp.Robertson has a broad-based...
Jul 22 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 over the last couple years as the economy has forced the closure of many...
Jul 21 2010 // Florida’s property/casualty insurers appear to have adequate reinsurance and capital in place to withstand at least two major storms this season but their overall fate could hinge on whether they are allowed to raise...
Jul 20 2010 // Simon Bancroft has joined Southwest Risk as senior vice president and property manager. Southwest Risk is a member company of Southwest Insurance Partners and operates offices in Dallas and Houston.As property manager,...
Jul 19 2010 // UK-based Broker Miller Insurance Services Limited, which specializes in both insurance and reinsurance, announced a number of senior appointments to its reinsurance business unit.Former Guy Carpenter Managing Director...
Jul 19 2010 // Where contractors are involved, one of the most intractable problems for a carrier in negotiating and settling claims are the contract liability issues. How does a carrier identify if a contractual claim is covered? A...
Jul 19 2010 // As goes the circle of life, so goes the wholesale insurance broker world. Not even the sixth year of a soft market cycle has deterred industry veterans from launching new wholesale businesses or creating larger ones. Many...
Jul 16 2010 // Zurich Financial Services Group reported a $330 million increase in the loan loss provisions in its commercial property loan books in the UK and Ireland to be taken in the second quarter 2010.Zurich noted that during 2009...
Jul 12 2010 // Munich Re has provided the Massachusetts Property Insurance Underwriting Association (MPIUA) with a $ 96 million catastrophe bond issuance that “transfers hurricane risk in Massachusetts to the capital...
Jul 7 2010 // Insurance company interests have long complained that the state-backed Texas Windstorm Insurance Association charges rates that are not actuarially sound for the risks it insures, making it impossible for private insurers...
Jul 6 2010 // John Wortman, CEO of Louisiana Citizens Property Insurance Corp. (Citizens), the state’s property insurance of last resort, has announced plans to retire.“John Wortman has been a tremendous asset to Louisiana...
Jul 5 2010 // Donald D. Larson has been named president and chief operating officer of the Great American Property and Casualty Group and Great American Insurance Co.Larson is the 16th president in Great American’s history. He...
Jul 5 2010 // With BP’s offshore oil gusher in the Gulf of Mexico as a backdrop, the Florida Supreme Court recently ruled that commercial fishermen may sue a company that discharged pollutants into Tampa Bay for lost income and...
Jul 5 2010 // Donald D. Larson has been named president and chief operating officer of the Great American Property and Casualty Group and Great American Insurance Co. Larson is the 16th president in Great American’s history. He...
Jul 5 2010 // Insurance company interests have long held that the Texas Windstorm Insurance Association charges rates that are not actuarially sound for the risks it insures, making it impossible for private insurers to compete for...