All the headlines from our Property Topic Page, ordered by recency.
May 19 2008 // U.S. property/casualty insurers are expected to pay homeowners and businesses an estimated $3.35 billion for first-quarter property losses resulting from nine catastrophes.The nine events identified as catastrophes by the...
May 15 2008 // In preparation for another successful chapter year, the Kansas City Chapter of the CPCU Society (Chartered Property Casualty Underwriters) recently elected its 2008-2009 officers.Beginning May 12, 2008, Bill West, CPCU, of...
May 15 2008 // As the magnitude of the earthquake that struck China’s Sichuan Province on Monday, and the extent of the damage it caused, becomes more apparent, the loss estimates from the quake have escalated rapidly.Risk...
May 15 2008 // The U.S. property/casualty industry’s first standardized program for insuring small, privately owned watercraft is undergoing a comprehensive revision.Wheaton, Ill.-based the American Association of Insurance...
May 14 2008 // The Hanover Insurance Group, Inc. has unveiled Real Estate Advantage, a new insurance program offering specialty coverages to for commercial real estate owners and managers.Real Estate Advantage offers coverages for...
May 7 2008 // Richardson, Texas-based America First Insurance, a Liberty Mutual Agency Markets regional company, has introduced Custom Protector, a commercial lines product that offers additional built-in coverages with expanded...
May 5 2008 // The Liability Risk Retention Act of 1986 (LRRA) was enacted for the specific purpose of providing options to businesses and nonprofit organizations that were having trouble finding commercial liability insurance that...
May 5 2008 // Patrick G. Ryan, founder and executive chairman Aon Corp., said he intends to retire Aug. 1, 2008. Ryan said the firm’s transition to a new management team under CEO Greg Case is complete.Ryan founded Aon, which has...
May 5 2008 // Just weeks after earthquakes rattled Nevada, the Midwest and the coast of Oregon, and on the heels of the 102nd anniversary of San Francisco’s 1906 earthquake, the public, government officials and insurance industry...
May 5 2008 // Legislation designed to modernize the federal Liability Risk Retention Act (LRRA) of 1986 was introduced into Congress on April 15.HR 5792, or the “Increasing Insurance Coverage Options for Consumers Act of...
May 2 2008 // A report from Standard & Poor’s Ratings Services analyzes the catastrophe bond and reinsurance sidecar markets, which, S&P concludes, have “experienced sharp surges of activity after 2005.”...
May 2 2008 // North Carolina officials began inspecting sandbag structures used to protect beach property from coastal erosion, searching for the roughly 150 that must be removed.As part of the process, regulators will inspect all the...
May 1 2008 // Louisiana and Texas share a lot. Besides sharing a common border, they share the Gulf of Mexico — both its bounty and its battering, in the form of tropical storms and hurricanes. The latter greatly influences the rates...
Apr 30 2008 // Virginia Gov. Tim Kaine visited the city of Suffolk to comfort storm victims and to survey the damage caused by severe weather that hit central and southeastern Virginia. The governor walked through neighborhoods where...
Apr 29 2008 // U.S. property/casualty insurers are expected to pay homeowners and businesses an estimated $3.35 billion for first-quarter property losses resulting from nine catastrophes.The nine events identified as catastrophes by the...
Apr 23 2008 // With green building construction starts expected to increase 400 percent in the next two years according to construction experts, Liberty Mutual Property, part of Liberty Mutual Group, has introduced a collection of...
Apr 23 2008 // Liberty Mutual Group has agreed to acquire all outstanding shares of common stock of Safeco Corp. for $68.25 per share in cash in a deal that will make Liberty Mutual the fifth largest U.S. property/casualty insurer and...
Apr 22 2008 // A new state-of-the-art applied research facility will use science and technology to expand capabilities to create more durable homes and businesses and reduce the human, financial and societal costs of natural...
Apr 21 2008 // Louisiana and Texas share a lot. Besides sharing a common border, they share the Gulf of Mexico — both its bounty and its battering, in the form of tropical storms and hurricanes. The latter greatly influences the rates...
Apr 21 2008 // Finding the flood exclusion in an insurance policy sold by Lafayette Insurance Company to a New Orleans policyholder is unambiguous, the Louisiana Supreme Court reversed, in part, a previous ruling by a state appeals court...