All the headlines from our Property Topic Page, ordered by recency.
Jul 24 2006 // The question of how to structure property insurance rates adequately in coastal zones while still making it affordable for people to live and work there is becoming an increasingly important one to insurers and consumers...
Jul 24 2006 // Editor’s note: The following excerpt is edited from an oral statement made by Joseph J. Beneducci, president of Fireman’s Fund at the Senate Banking, Housing and Urban Affairs Committee’s July 11 hearing...
Jul 20 2006 // State Farm, one of Florida’s largest insurers, will raise property insurance rates by an average of 52.7 percent this year under a plan approved Tuesday by state regulators.The Bloomington, Ill.-based company said...
Jul 20 2006 // Ohio Gov. Bob Taft recently signed legislation which includes provisions benefiting farm mutual insurance companies and their policyholders, according to the National Association of Mutual Insurance Companies’...
Jul 18 2006 // Roof deck attachment, secondary water barriers, roof coverings, brace gable ends, reinforced roof-to-wall connections, opening protection and exterior doors, including garage doors, are included in a two-step process to be...
Jul 12 2006 // Integro announced that Chuck Blazina has joined the company’s San Francisco office as a principal in the Property Practice. Blazina has 17 years of experience in property risk and loss control consulting, most...
Jul 11 2006 // Without a real, comprehensive and workable plan, accumulating financial stress could destroy the viability of the Florida’s insurance market and leave millions of Floridians without affordable and reliable insurance...
Jul 11 2006 // The National Association of Mutual Insurance Companies (NAMIC) is convinced that insurance regulatory reform at the state level is the best and safest course for consumers and insurers alike, said a Namic witness in...
Jul 11 2006 // Just over a month after he asked insurance companies in his state to voluntarily do so, Louisiana Commissioner of Insurance Jim Donleon issued Directive 199 mandating that all companies insuring property in Louisiana...
Jul 9 2006 // Last summer when the Massachusetts Fair Plan, the state’s involuntary homeowners insurance market, looked into purchasing reinsurance, the premium was about $17.5 million. The plan did not purchase the reinsurance...
Jul 7 2006 // The New York State Legislature once again missed an opportunity to help calm a growing homeowners insurance crisis in the downstate region, according to the state’s insurance agents.With insurance companies such as...
Jul 6 2006 // Commercial and industrial operations, ownership interests, and companies with multi-state locations have a new option from OneBeacon Insurance for safeguarding themselves against loss.With Flex, its new property product,...
Jun 30 2006 // New York Superintendent of Insurance Howard Mills and Attorney General Eliot Spitzer announced that the insurance department has approved 15 percent rate reductions for title insurance companies that cumulatively have 93...
Jun 30 2006 // The Texas Department of Insurance announced enforcement actions taken by Commissioner Mike Geeslin that became final during May. The actions include eight license revocations and fines and restitution totaling...
Jun 29 2006 // The federal flood insurance program, still reeling from historic losses from Hurricane Katrina, may get a helping hand from Congress.The House voted 416-4 Tuesday to phase out subsidies on some vacation homes and...
Jun 28 2006 // Fidelity National Property and Casualty Insurance Co. has received approval from the Circuit Court of Florida to purchase all of the existing flood insurance policies of Southern Family Insurance Co. through the Florida...
Jun 28 2006 // The U.S. property/casualty industry’s net gain on underwriting rose $1.4 billion, or 20.8 percent, to $8.4 billion in first-quarter 2006 from $6.9 billion in first-quarter 2005. The combined ratio — a key...
Jun 27 2006 // Citizens Property Insurance Inc. successfully completed a $3.05 billion bond sale Tuesday, boosting company reserves for damage claim payment if a storm strikes, a company official said.“We had a very successful...
Jun 26 2006 // Florida has approved a 2 percent surcharge on all property insurance policies to help cover outstanding claims for one of Florida’s largest property insurers, whose insolvent subsidiaries are being liquidated under...
Jun 26 2006 // The National Association of Mutual Insurance Companies (NAMIC) has adopted a statement on natural disasters that asserts a flexible regulatory environment in which insurers are free to price coverage based on risk will...