All the headlines from our Property Topic Page, ordered by recency.
Feb 4 2009 // Catastrophe bonds withstood the impact of onerous market forces in 2008, brought on by turmoil in the global capital markets, according to a new briefing on catastrophe bond market activity.The cat bond market update,...
Feb 3 2009 // The Texas Department of Insurance announced enforcement actions taken by Commissioner Mike Geeslin that became final during December.The actions include five license revocations, three license denials and fines and...
Feb 3 2009 // Texas State Representative Bill Callegari (Katy) has filed two measures to cap increases in property tax appraisals for commercial property. The bills, HB 979 and HJR 49, limit annual appraisal increases for commercial...
Jan 28 2009 // Glencairn, a division of Faber & Dumas, the global third-party wholesale insurance broker established in London by Willis, announced that John Andrews has joined the company as Account Executive. He will help...
Jan 28 2009 // The Hartford Financial Services Group, Inc. today announced that Neal Wolin, president and chief operating officer of the company’s Property and Casualty Operations, has accepted a position in the White House as...
Jan 27 2009 // Florida is losing its largest property insurance company.State Farm Florida Insurance announced today it is beginning the process that will allow it to non-renew policies and halt all sales of homeowners or other...
Jan 27 2009 // San Francisco-based American E&S Insurance Brokers is offering property and general liability coverage for vacant commercial and residential buildings. Available nationwide (except Kentucky), the program is available...
Jan 25 2009 // A special task force is recommending that Florida’s state-backed property insurer, Citizens Property Insurance, be permitted to raise its rates beginning in 2010 and that restrictions on what homeowners it can insure...
Jan 25 2009 // In communities across America, several factors have combined to create a “perfect storm” of property risk. Growing numbers of foreclosures are leaving scores of residential and commercial properties vacant, and...
Jan 25 2009 // American International Group Inc. (AIG) named Russell Johnston president and CEO of AIG Environmental, a unit of AIG Commercial Insurance.Johnston joined AIG in 1990 serving in senior management positions within...
Jan 25 2009 // The 4th District of the California Court of Appeals has reversed a lower court decision in a pollution liability case, State of California v. Continental Insurance Co. et al. The decision is likely to influence courts...
Jan 25 2009 // Brooklyn, N.Y. — Thieves who broke the locks on an unoccupied apartment building stripped the entire building of its copper piping, valued at more than $30,000.Las Vegas — The entire electrical system,...
Jan 25 2009 // The nation experienced a 3.5 percent decline in violent crime and a 2.5 percent decline in property crime for the first six months of 2008, according to the Federal Bureau of Investigation.Violent crime was down in all...
Jan 25 2009 // Find a need, then fill it,” is a hoary business principle, but making it work is often harder than it looks. However, a number of British insurers have taken it to heart and have built substantial profit centers...
Jan 22 2009 // XL Insurance announced from its office in Hartford that the Company has hired eight new field engineers for its worldwide property loss prevention services business, XL Global Asset Protection Services (XL GAPS).“The...
Jan 22 2009 // Liberty Mutual Group is throwing in the towel on direct distribution of insurance to middle market businesses. Since it couldn’t beat independent agents and brokers — who dominate sales in this segment —...
Jan 20 2009 // Risk Management Solutions announced that its flood mapping data will be made publicly available for the first time. The decision gives “homebuyers far more accurate information about the likelihood of getting...
Jan 14 2009 // The nation’s lawyers who deal with insurance issues are developing policy recommendations designed to improve access to insurance coverage, reduce litigation over coverage and mitigate future losses involving natural...
Jan 12 2009 // The nation experienced a 3.5 percent decline in violent crime and a 2.5 percent decline in property crime for the first six months of 2008, according to the federal Bureau of Investigation (FBI).Violent crime was down in...
Jan 11 2009 // As the saying goes, the devil is in the details. And insurance agents would be wise to explain the differences between actual cash value (ACV) and replacement cost value (RCV) to customers. Homeowners’ and commercial...