All the headlines from our Property Topic Page, ordered by recency.
Jan 31 2008 // Enforcement actions taken by the Texas Department of Insurance December 2007 resulted in eight license revocations, four license denials, and fines and restitution totaling $1,591,264, the department reported.An order...
Jan 31 2008 // Movies – think Lauren Bacall and Humphrey Bogart in “The Big Sleep” – often make cigarette smoking look glamorous. Of course, in reality, the practice is anything but. In addition to being a leading...
Jan 31 2008 // Hit by an increase in catastrophe losses, Northbrook, Ill.-based insurer Allstate Corp. saw its profit drop by more than 37 percent in the fourth quarter of 2007 compared to the same period in 2006.The fourth quarter net...
Jan 30 2008 // The Colorado House rejected legislation Tuesday that would have prohibited insurers from using credit information as a factor for the acceptance, denial, renewal or rating of a potential insured for insurance underwriting...
Jan 30 2008 // The concerns of property insurance in Florida and the perils facing the property insurance industry are some of the key issues to be addressed at the Ninth Annual Windstorm Insurance Conference, set for Feb. 4 – 7 in...
Jan 27 2008 // Property damage from hurricanes primarily comes from two sources: wind and water. Insurance coverage for property damaged by wind, and by rain water which enters the property as a result of wind damage, is generally...
Jan 27 2008 // At a Jan. 11 press conference, Louisiana Commissioner of Insurance Jim Donelon and then-Gov. Kathleen Babineaux Blanco handed out $29 million in grants to five insurance companies who plan to write new homeowners and...
Jan 27 2008 // Crime rates dropped for the first time in two years, according to a newly released report of the most recent data collected by the Federal Bureau of Investigation. Nationwide, violent crime fell 1.8 percent and property...
Jan 27 2008 // Property casualty insurance insiders predicted 2008 will be a year of marginal growth as continued pricing competition will keep premiums low and profits lower — although that could quickly worsen if a natural...
Jan 27 2008 // U.S. property/casualty insurers are expected to pay homeowners and businesses $6.5 billion for 2007 property losses from 23 catastrophes — the eighth lowest cost in a decade and the seventh lowest frequency for the...
Jan 21 2008 // A South Carolina company being sued by neighbors for polluting groundwater around its plant in Myrtle Beach is asking a court to force those neighbors to help pay for testing and cleanup of contamination.AVX Corp. says in...
Jan 14 2008 // U.S. property/casualty insurers are expected to pay homeowners and businesses $6.5 billion for 2007 property losses from 23 catastrophes — the eighth lowest cost in a decade and the seventh lowest frequency for the same...
Jan 13 2008 // Gov. Charlie Crist has asked three trial lawyers to review documents for a possible class-action lawsuit against property insurers, alleging that the industry hasn’t passed on savings to consumers as required by...
Jan 13 2008 // Giant insurance broker Marsh announced changes to its global organizational structure as well as several senior management appointments.Marsh said its global insurance broking business will be consolidated into two...
Jan 13 2008 // Dallas-based regional insurer, The Republic Group, appointed Jim Drawert to the new position of vice president – Industry Relations. Additionally, Cathy Link has joined Republic as chief underwriting officer.Drawert...
Jan 13 2008 // The subprime mortgage meltdown has been a leading story on the front pages of newspapers around the country for the past few months. The uproar also has led to a flood of new lawsuits and to concerns about how much further...
Jan 13 2008 // Crime rates dropped for the first time in two years, according to a newly released report of the most recent data collected by the Federal Bureau of Investigation. Nationwide, violent crime fell 1.8 percent and property...
Jan 13 2008 // The U.S. property/casualty insurance industry’s net income after taxes rose 7.1 percent to $49.4 billion through nine-months 2007 from $46.1 billion through nine-months 2006. Fueled by the industry’s net...
Jan 13 2008 // For companies writing homeowners insurance in catastrophe prone states, the future of catastrophe risk assessment is now. Today, insurers have the ability to analyze catastrophe risk for individual residential properties...
Jan 10 2008 // Senate President Ken Pruitt, R-Port St. Lucie, today appointed the Senate Select Committee on Property Insurance Accountability.The Committee will be co-chaired by Sen. Jeff Atwater, R- North Palm Beach, and Senate...