All the headlines from our Property Topic Page, ordered by recency.
Jul 5 2010 // The Independent Insurance Agents of Texas (IIAT) elected David Wood, vice president and partner at Bogan, Dunlap & Wood Insurance in Odessa, to serve as the association’s president for 2010-2011.Other newly...
Jul 5 2010 // In the construction industry, it is almost inevitable that at some time contractors and design professionals will receive a notice of claim (NOC) letter. This is the first step in the claims process that may lead to an...
Jul 1 2010 // Willis Re, the reinsurance arm of Willis Group Holdings announced the appointment of James Byng Property Resource Group Leader for its International and Specialty reinsurance business. He will assume this new position on...
Jun 29 2010 // When U.S. Representative Richard Neal (D-MA) introduced, or more properly reintroduced, HR 3424, a bill aimed at closing what its proponents describe as a “loophole” in the U.S. tax code, he ignited, or more...
Jun 28 2010 // In most hurricane-prone states, homeowners have few choices of insurance coverage, with just eight property and casualty insurers in each state controlling up to 77.2 percent of the market share, according to Weiss...
Jun 28 2010 // California’s violent crime rate has declined 6.6 percent in the past year, according to the California Department of Justice’s annual crime report for 2009, recently released by Attorney General Edmund G. Brown...
Jun 24 2010 // U.S. terrorism insurance purchase rates continued to climb in 2009 as companies of all sizes and across all industries continued to buy terrorism coverage, according to a report by global broker Marsh.Sixty-one percent of...
Jun 23 2010 // With BP’s offshore oil gusher in the Gulf of Mexico as a backdrop, the Florida Supreme Court has ruled that commercial fishermen can sue a company that discharged pollutants into Tampa Bay for lost income and profits...
Jun 23 2010 // The property/casualty industry returned to profitability in the first quarter of 2010 despite continuing declines in both written premiums and earned premiums.Private U.S. property/casualty insurers’ net income after...
Jun 21 2010 // Several of Florida’s insurers with affiliated managing general agencies (MGAs) have come in for criticism recently but there is no widespread problem with the MGA model, regulators and insurance executives agree.In a...
Jun 21 2010 // The following are excerpts from a wide-ranging interview by Insurance Journal’s Andy Simpson with Jeff Grady, president and CEO, Florida Association of Insurance Agents, from Grady’s Tallahassee...
Jun 21 2010 // Florida Insurance Commissioner Kevin McCarty thinks the time has come for the private insurance industry and public leaders to move beyond debating regulation of insurance rates and “be open and willing to make...
Jun 21 2010 // COPE is generally associated with property underwriting rather than as a risk class-based underwriting acronym. However, the traditional use and definition of COPE can be broadened to highlight the top concerns of...
Jun 18 2010 // Imagine going to a house or condo you own and finding a stranger living there who claims the property no longer belongs to you.It’s happening across Florida and other parts of the country through what authorities say...
Jun 17 2010 // The Utah Chapter of the Chartered Property Casualty Underwriters has installed officers for the 2010-2011 term. Officers include: President Melanie Hamilton of Hamilton Insurance Associates Inc. in Salt Lake City; Vice...
Jun 14 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...
Jun 10 2010 // Property appraisers from three Panhandle counties and a state representative say the Legislature should allow tax appraisers to lower coastal property values immediately because of the oil spill. Appraisers from Escambia,...
Jun 9 2010 // Property repossessed by a financial institution after foreclosure may stay vacant or unfinished for months or years, making it susceptible to various types of damage. According to RealtyTrac, the leading online marketplace...
Jun 8 2010 // United Insurance Holdings Corp., a property and casualty insurance holding company, has announced that United Property & Casualty Insurance Company (UPC), a wholly-owned subsidiary, was approved to begin writing...
Jun 7 2010 // Tornados and thunderstorms that swept through the Midwest over the weekend killed at least four people in Ohio, sent several to hospitals, destroyed 50 homes and damaged scores more, as well a high school gymnasium where...