All the headlines from our Property Topic Page, ordered by recency.
Feb 19 2010 // A general contractor’s hiring of a subcontractor does not necessarily preclude coverage under its commercial general liability (CGL) policy for shoddy work performed by the subcontractor, Mississippi’s highest...
Feb 18 2010 // Financial stress is the number one reason residential dwellings are intentionally torched, but proving the act of arson is not that easy. In fact, Federal Bureau of Investigation statistics for 2007 show only around 6...
Feb 11 2010 // The mayor of the Connecticut town where a power plant was rocked by a fatal explosion says the general contractor building it is asking for property damage claims from neighbors. Middletown Mayor Sebastian Guiliano said...
Feb 11 2010 // The ACE European Group announced the appointment of Imran Malhi as Account Engineer for its property business. He will provide value-added property services including client management, risk consulting and hazard...
Feb 7 2010 // There’s a common perception that homeowners insurance rates in Texas go up and up, and never come down. That’s not necessarily true, however, according to the Independent Insurance Agents of Texas. They say...
Feb 7 2010 // Main Street business often means different things to different people, but it generally refers to small commercial establishments that would be found in towns and villages across the United States. The Small Business...
Jan 27 2010 // Louisiana’s property insurer of last resort allowed too much access to computer systems, opening the door for potential fraud, and failed to take enough steps to make sure that policy applicants were eligible for...
Jan 26 2010 // Florida’s state-backed property insurer will seek competitive bids on part of a contract to reinspect as many as 400,000 properties that have been awarded $700 million in mitigation discounts off their insurance...
Jan 24 2010 // Todd Richardson has been promoted to regional vice president – State Auto Middle Markets Insurance (SAMMI) for the company’s Western region, which includes Utah, Colorado, Arizona, Oklahoma and Texas....
Jan 22 2010 // Pacific Wholesale Insurance Brokers LLC, an ISG Co., announced that Brian Janes has joined as vice president/property broker in the Burbank, Calif., office. His responsibilities include developing his book of property...
Jan 21 2010 // West Virginia may be on the path to helping municipalities pay for debris removal of abandoned buildings with insurance payments in a way that insurers can live with.The issue of how to pay for the cleanup has irked...
Jan 20 2010 // Torus announced that it is in the process of establishing a London-based property tem to serve the UK. David Ring joins the Company to lead the new operations as UK Head of General Property. He is responsible for managing...
Jan 19 2010 // Union General Insurance Services of Concord, Calif., has a property market available to California agents. Property coverage is provided by an “A+” rated carrier for all types of small- and medium-sized...
Jan 13 2010 // The Texas Property and Casualty Insurance Guaranty Association has appointed Gerald Ladner to vice chair of its Board of Directors. His term runs through Dec. 31, 2011. Ladner, a resident of Austin, is the regional...
Jan 13 2010 // Insurance agents, a former insurance commissioner and a consumer advocate have sounded an alarm about the property insurance marketplace in Florida, a market that has seen four insurers get into financial trouble in the...
Jan 10 2010 // New York-based insurance wholesaler Russell Bond & Co. has promoted Margaret J. Arnold to assistant vice president-controller. She is a 20-year veteran of the firm.In addition, the company has also promoted Derek...
Jan 10 2010 // Reinsurance rates across most lines of property catastrophe business declined at the Jan. 1, 2010 renewal, according to a briefing by Guy Carpenter & Co. LLC.Guy Carpenter’s World Catastrophe Rate on Line (ROL)...
Jan 8 2010 // Privately owned, independent reinsurance brokerage Lockton Re has expanded its presence in the United States with the appointments of three new executives – Larry Hunter-Blank, Joe Zuk and Scott D. Polkinghorne at...
Jan 8 2010 // Argo Group International Holdings Ltd. announced that its San Antonio-based Excess and Surplus Lines (E&S) business segment has appointed Michael Denton as senior vice president of its specialty property...
Jan 7 2010 // Liberty Mutual Group, through its wholly owned subsidiary Liberty Insurance Company Limited (LICL), has been granted approval to establish a branch in Zhejiang by the China Insurance Regulatory Commission (CIRC).Liberty...