All the headlines from our Property Topic Page, ordered by recency.
Jul 15 2009 // The San Diego Chapter of the Chartered Property Casualty Underwriters (CPCU) Society installed new 2009-2010 officers and directors. Officers include: President Tyler Hamilton of Alliant Specialty Insurance Services;...
Jul 13 2009 // Some state lawmakers in Wisconsin want to give local governments a one-year break from paying their property-insurance premiums.Hundreds of cities, towns and school districts insure their property with a state fund managed...
Jul 13 2009 // Standard & Poor’s Ratings Services has revised its outlook on Bermuda-based insurance and reinsurance holding company Validus Holdings Ltd. to positive from stable, and has affirmed its ‘BBB-‘...
Jul 9 2009 // After three years of no increases, Florida’s Citizens Property Insurance Corp. is about to hike premiums up to 10 percent for many of its policyholders, although not for as many as some insurance insiders and...
Jul 6 2009 // Florida Insurance Commissioner Kevin McCarty said the 54 property insurers backed by nearly $5 billion in capital that have been admitted to the state since 2006 can’t be expected to absorb all of the policies left...
Jul 6 2009 // Regional property/casualty insurance companies don’t make headlines like the large institutions. They simply go about their business serving customers and independent agents — and paying claims.How are regional...
Jul 6 2009 // Columbus, Ohio-based State Automobile Mutual Insurance Company and State Auto Property & Casualty Insurance Company has named new managers in various divisions.Robert (Bob) A. Bachtell is claims manager for State...
Jul 6 2009 // Jeffrey A. Vanderpool has been promoted to senior vice president and chief claims officer at Sunshine State Insurance Co. in St. Augustine, Fla. Vanderpool has served as vice president of caims since he joined the insurer...
Jul 6 2009 // Edward J. Maucere, former owner of London American General Agency Inc., a San Diego-based wholesale brokerage and underwriting manager for commercial transportation business, passed away unexpectedly on June 12, 2009, at...
Jul 6 2009 // The property/casualty insurance industry suffered a $1.3 billion net loss after taxes for first-quarter 2009, which constitutes a $9.8 billion adverse swing from the industry’s $8.5 billion in net income after taxes...
Jul 2 2009 // Florida returned over $173 million in unclaimed property for the most recent fiscal year– the largest amount in state history, according to CFO Alex Sink and her Bureau of Unclaimed Property. The Bureau of Unclaimed...
Jul 1 2009 // The North Carolina House Insurance Committee has unanimously approved legislation that attempts to spread the pain should a major storm cause losses that exceed existing private and public insurance funds.The legislation...
Jun 30 2009 // Beginning June 30, Columbus, Ohio-based State Auto Insurance Companies will add flood insurance to the list of State Auto coverages available for home, business and farm offered through more than 3,400 independent...
Jun 29 2009 // North Carolina legislators started grappling last week with how to beef up the state-created but underfunded insurance program for coastal property, and immediately confronted the possibility that all of the state’s...
Jun 25 2009 // There is no need for a federal consumer protection agency for property/casualty insurance products, state insurance regulators and insurers told Congress.In testimony before the House Committee of Financial Services on a...
Jun 24 2009 // Risk Management Solutions has launched its “Underwriting Toolkit,” which it describes as “designed to help underwriters and pricing managers accurately assess and rate risk for individual buildings...
Jun 24 2009 // Every insured homeowner in North Carolina could shoulder the cost of rebuilding if a massive hurricane hits under a deal taking shape in the Legislature.The legislation (HB1305), expected to be detailed in a House...
Jun 17 2009 // The Obama administration’s views on insurance regulation are in keeping with those of many within the property/casualty insurance industry as well as state regulators who now regulate the industry.Most in the...
Jun 15 2009 // Being an independent agent in south Florida means never having enough property markets.That was true years ago and remains true today, according to a leader among south Florida agents, Joseph Mier, who is the incoming...
Jun 15 2009 // General liability carriers specializing in contractor insurance for builders and drywall subcontractors are “sweating it out” over the potentially massive claims dollars that could be paid out in litigation,...