All the headlines from our Property Topic Page, ordered by recency.
Nov 16 2008 // Operating a non-profit social service business has always been a challenging balance between meeting constituent needs, funding the organization, and managing operations. At no time has this been more challenging than now,...
Nov 14 2008 // Florida officials have approved up to 110,000 more policy removals by private insurers from the state-backed insurer Citizens Property Insurance Corp.Florida Insurance Commissioner Kevin McCarty said six insurance...
Nov 11 2008 // Plans to change the flood zone maps in Springfield, Mo. have several residents upset that they will have to buy flood insurance for property that they say has never flooded.More than 100 homeowners attended a meeting on...
Nov 11 2008 // Bowring, Marsh’s International Specialist Broker, announced new efforts to make its placement leadership meet the requirements of its clients by creating “five bespoke risk transfer products covering property,...
Nov 4 2008 // Florida’s state-backed Citizens Property Insurance Corp. will begin offering a commercial nonresidential multi-peril policy on Nov.17.This new policy will be available to eligible nonresidential risks located...
Nov 2 2008 // The insurance industry has unveiled results of a report finding that the North Carolina Insurance Underwriting Association, a.k.a. the Beach Plan, is not financially prepared to weather a major storm.According to the...
Nov 2 2008 // Alabama’s coastal property insurance crisis could be resolved by the state and cities working together to form special types of insurance companies to offer coverage, the state revenue commissioner said.Tim Russell,...
Nov 2 2008 // Despite the challenges faced by the state of Louisiana since Hurricanes Katrina and Rita wrought their havoc in 2005, there are bright spots in the state’s property casualty insurance industry, says Louisiana...
Nov 2 2008 // On Aug. 29, 2008, the Texas Supreme Court continued its recent foray into insurance law by issuing three important insurance coverage decisions. Each of these decisions merits consideration and will likely dramatically...
Nov 2 2008 // Pete Garvey, current president of Integro Ltd., assumed the additional responsibility of CEO for the insurance broker, succeeding Roger Egan, who has left the company. Garvey has served as president of Integro since 2005....
Nov 2 2008 // Risk managers report that commercial policy renewal prices are continuing to drop even as insurers are battling a decline in statutory surplus.According to RIMS Benchmark Survey, an industry survey of policy renewal prices...
Nov 2 2008 // Stock Prices: The turbulent stock market is not sparing commercial property/casualty insurers. Through the first nine months of the year stocks are down 14 percent in the sector.M&A Activity: Despite the current...
Nov 2 2008 // Following reports that the U.S Treasury is considering adding life, bond and mortgage insurance companies to its list of beneficiaries for some of the $700 billion federal bailout package, property/ casualty insurers are...
Oct 30 2008 // Hartford Financial Services Group Inc. joined other insurers in reporting a loss in the third quarter due to large investment losses and catastrophe claims.The Hartford reported a third quarter 2008 net loss of $2.6...
Oct 30 2008 // Les Rock, president and chief underwriting officer of Ironshore Insurance Ltd., has resigned effective Oct. 31, 2008 for personal reasons.Howard Barnes, Peter Coleman and Rod Todd will continue to underwrite property...
Oct 28 2008 // Eighty-eight dairy farmers in western Vermont and New York have taken a major economic hit from a Sept. 29 fire at the Saputo Cheese USA plant in Hinesburg, Vt. (about 12 miles southeast of Burlington). Ten to 12 percent...
Oct 28 2008 // Chartered Property Casualty Underwriters Society (CPCU) chapters in the greater Los Angeles area — Los Angeles, El Camino and San Gabriel Valley — recently celebrated 63 years of professional excellence at the...
Oct 28 2008 // Property/casualty insurers Travelers Cos. Inc. and Chubb Corp. said they do not need federal financial assistance and chided other insurers pushing to be included in the $700 billion bailout.“Most companies in the...
Oct 27 2008 // U.S. property/casualty insurers are expected to pay homeowners and businesses an estimated $11.5 billion for third-quarter property losses resulting from a total of 11 catastrophes in 22 states — the fourth-largest...
Oct 27 2008 // Following reports that the U.S Treasury is considering adding life, bond and mortgage insurance companies to its list of beneficiaries for some of the $700 billion federal bailout package, property/casualty insurers are...