All the headlines from our Property Topic Page, ordered by recency.
Mar 24 2008 // The Hartford’s Chief Financial Officer David M. Johnson plans to step down later this year. He has served as the company’s top financial officer since 2001, and will remain in the position until a successor is...
Mar 24 2008 // As the 2008 legislative session begins and hurricane season approaches, Florida’s businesses and homeowners continue to struggle with the increasing cost of property insurance. The quest for answers to the...
Mar 24 2008 // McQueary Henry Bowles Troy hired Jimmy Balagia as senior vice president in the firm’s property and casualty group in Austin.Balagia has 30 years of experience as a property and casualty broker/consultant and...
Mar 17 2008 // Despite the insurance industry’s traditional reliance on averages, averages don’t always make sense when comparing premiums. In Texas, as elsewhere, individual premiums are subject to so many variables — from...
Mar 14 2008 // The Florida Senate Select Committee on Property Insurance Accountability wants to restrict reinsurance costs in rates and strengthen the excess profits law among other things.Co-chaired by Sen. Jeff Atwater, R- North Palm...
Mar 14 2008 // Lexington Insurance Co., an AIG company, has increased its capacity for commercial domestic property insurance by an additional $1 billion, raising the total non-catastrophe property capacity to $1.5...
Mar 11 2008 // Texas Insurance Commissioner Mike Geeslin recently signed an order increasing the maximum limits of liability from $3,390,000 to $4 million for a commercial or government building insured for wind and hail by the Texas...
Mar 10 2008 // The New York Court of Appeals has opened the door for breach of contract suits against commercial property insurers — a move two dissenting judges warned could raise the price of insurance for everyone in the state.In...
Mar 10 2008 // Property insurance wasn’t supposed to be the big issue in the 2008 Florida Legislature. To the chagrin of many lawmakers, it just won’t go away.Legislators thought they’d largely taken care of the issue...
Mar 10 2008 // The insurance market in Florida is adjusting to changing conditions — some man-made, others resulting from forces of nature — all of which make property insurance for Florida homeowners more available and more...
Mar 10 2008 // Hedge funds manage financial risk every day. Managers constantly seek out new strategies and investments, and then weigh the potential reward of each investment against its risk and the fund’s ability to bear that...
Mar 10 2008 // Despite the insurance industry’s traditional reliance on averages, averages don’t always make sense when comparing premiums. In Texas, as elsewhere, individual premiums are subject to so many variables — from...
Mar 10 2008 // Levees can also erode and decay over time and require regular maintenance and upkeep to continue to offer the level of protection they were designed to provide.In the United States, floods are the most common natural...
Mar 10 2008 // Many urban and suburban areas are made more distinctive thanks to the historic homes nestled in their neighborhoods. Keeping history alive through these special homes is not always easy. With a slowing economy, owners find...
Mar 4 2008 // The convening of the Florida Legislature this week will present an opportunity for legislators to reconsider some of the problematic measures passed in 2007, according to the American Insurance Association.“From a...
Mar 3 2008 // The Louisiana Department of Insurance announced that the deadline for applications to the Insure Louisiana Incentive Program is March 4, 2008. The program offers property insurers up to $10 million in matching grant money....
Feb 29 2008 // Calif.-based property and casualty insurer Pacific Specialty Insurance Co. announced a new suite of preferred-tier residential property products in Georgia and Nevada.Effective March 3, PSIC will offer new discounts and...
Feb 28 2008 // More than 40 percent of “likely” Florida voters polled in a recent survey describe the current property insurance market as a crisis, according to the Property Casualty Insurers Association of America.Neil...
Feb 25 2008 // The insurance market in Florida is adjusting to changing conditions – some man-made, others resulting from forces of nature – all of which make property insurance for Florida homeowners more available and more...
Feb 24 2008 // Georgia Gov. Sonny Perdue has filed legislation that will limit liability for landowners who open their property to hunters and agri-tourists.The measure would protect landowners who allow individuals to hunt on their...