All the headlines from our Property Topic Page, ordered by recency.
Jul 21 2008 // U.S. property/casualty insurers are expected to pay homeowners and businesses an estimated $6.025 billion for second quarter property losses resulting from a total of 16 catastrophes in 27 states, which is nearly double...
Jul 17 2008 // State Farm Florida Insurance Co., a Florida-only property insurance company, filed an average 47.1 percent homeowners insurance rate increase with the Florida Office of Insurance Regulation on July 16.Ed Domansky,...
Jul 17 2008 // Seated behind the wheel of a fire engine, Dave Breglia follows a map dotted with expensive homes threatened by wildfires. His job: protect high-end real estate and save an insurance company millions of dollars.“I...
Jul 16 2008 // Delaware fire investigators say a fire at a vacant home in Sussex County earlier this week was intentionally set, the ninth arson at a vacant home in the area over two months.This Monday’s fire was reported around...
Jul 11 2008 // Standard & Poor’s Ratings Services said it does not expect the 2008 Midwest floods to impact ratings or outlooks for the majority of companies that it rates.However, property/casualty writers that are...
Jul 10 2008 // In a big week for insurance lobbyists, a key House subcommittee advanced three major insurance regulatory measures.The U.S. House Financial Services Subcommittee on Capital Markets, Insurance and Government Sponsored...
Jul 9 2008 // Florida-based PURE Risk Management recently launched an insurance program for personal boaters called PURE Watercraft Insurance.PURE provides hull coverage, including coverage for windstorm, on an agreed-value basis, and...
Jul 8 2008 // The Florida Catastrophic Storm Risk Management Center launched a comprehensive Web site (www.stormrisk.org) designed to serve as a one-stop shop for citizens, policy makers, the media and others seeking to learn about...
Jul 7 2008 // A firestorm of confusion and comment was created by a recent Insurance Journal report detailing a recent Maryland Court of Appeals ruling regarding a condominium associations’ requirement to pay for property damage...
Jul 7 2008 // In the past three years, the insured value of properties in coastal areas of the United States continued to grow at a compound annual growth rate of just over 7 percent, according to a new report released by AIR Worldwide...
Jul 7 2008 // In the past three years, the insured value of properties in coastal areas of the United States continued to grow at a compound annual growth rate of just over 7 percent, according to a new report released by AIR Worldwide...
Jul 7 2008 // PeopleThe National Association of Professional Insurance Agents (PIA) has announced the promotion of Mike Becker to director of federal affairs. Since joining PIA, Becker has managed the day-to-day responsibilities...
Jul 7 2008 // PeopleMcQueary Henry Bowles Troy LLP (MHBT) added Jim Anderson as senior vice president in the Dallas-based firm’s property/casualty group. Anderson will oversee the production and account management of...
Jul 7 2008 // Searching for ways to survive and thrive in the soft market cycle? Cultivate untapped customer markets; proactively service renewals; use technology for efficiency and to manage customer expectations; assertively seek...
Jul 7 2008 // Richmond, Va.-based insurance broker Hilb Rogal & Hobbs Co. promoted F. Michael Crowley to president and chief operating officer.As president, Crowley has been responsible for HRH’s retail operations. In the...
Jul 7 2008 // Searching for ways to survive and thrive in the soft market cycle? Cultivate untapped customer markets; proactively service renewals; use technology for efficient agency management; and assertively seek referrals.Those are...
Jul 2 2008 // Florida Insurance Commissioner Kevin McCarty has officially adopted the ruling of an administrative law judge who rejected a 30.3 percent property insurance rate increase sought by Florida Farm Bureau.“Rulings like...
Jun 30 2008 // “Given the great interdependence of the unit owners in the stacked unit condominium situation, mandating property insurance for the entire building is the preferable approach.” This one explanatory sentence...
Jun 27 2008 // Officials with the Laurel, Mississippi Fire Department are concerned that some recent vandalism to the city’s fire hydrants could pose problems when its time to save property or someone’s life.Fire Chief David...
Jun 25 2008 // The U.S. property/casualty insurance industry’s net income after taxes fell to $8.2 billion in first-quarter 2008 from $16.2 billion in first-quarter 2007.Contributing to the $8 billion, or 49.3 percent, decline in...