All the headlines from our Property Topic Page, ordered by recency.
Oct 8 2014 // The contractor hired to remove a northern Michigan dam will pay $300,000 to resolve a lawsuit and restore a river that was damaged when the dam failed.Traverse City commissioners approved the settlement agreement on Oct....
Oct 6 2014 // U.S. property/casualty insurers’ net income rose $1.6 billion to $26.0 billion in first-half of 2014 while pretax operating income fell $1.9 billion to $23.9 billion in first-half 2014, a decrease driven by lower...
Oct 6 2014 // Despite big storms and wildfires highlighting the need, home inventories are rare, say insurance industry experts.An Allstate Insurance survey of Atlanta homeowners found that while than more than 90 percent of homeowners...
Sep 30 2014 // XL Group announced the addition of Jay E. Smelser to its North America property insurance team as South Central regional leader, based in Dallas.Smelser reports to Senior Vice President and Head of North America General...
Sep 26 2014 // Edouard (Eddie) Schmidt is responsible for Swiss Re’s Property and Specialty Sectors around the world, which covers around a lot of ground. He explained how much, and what some of the difficulties he encounters are...
Sep 26 2014 // Liberty Mutual Insurance’s National Accounts Property operation has appointed C. Wesley Sellers as Southeast division manager. C. Wesley Sellers Sellers, who is based in Atlanta, has 25 years of experience in the...
Sep 22 2014 // Dear Contractors: The wall you just built may not be covered by your insurance the way you think it is. This is because although the commercial general liability (CGL) policy may cover bodily injury or property damage to...
Sep 22 2014 // The rapid growth in patent infringement litigation in 2013 – almost 6,500 cases, or an increase of 25 percent over 2012, according to PricewaterhouseCoopers – might appear to be a strong motivator for at-risk...
Sep 22 2014 // Total global intellectual property applications worldwide in 2012: Patent – 2.35 million; Utility Model – 827,500; Trademark – 6.58 million; Industrial Design – 1.22 million. — World Intellectual...
Sep 21 2014 // Rates for the almost 100,000 commercial property risks insured by Florida’s Citizens Property Insurance Corp. will rise an average 3.3 percent next February.The Florida Office of Insurance Regulation (OIR) has...
Sep 19 2014 // As the former head of A.M. Best in London, and a senior executive with Standard & Poor’s, Litmus Analysis Senior Partner Stuart Shipperlee has a very complete knowledge of what re/insurance company ratings are,...
Sep 17 2014 // A judge has ruled that Traverse City isn’t responsible for declines in property values that could be linked to officials’ decision to remove a northern Michigan dam.The Traverse City Record-Eagle reports...
Sep 9 2014 // Florida’s insurance regulator has approved rate decreases for policyholders of Citizens Property Insurance Corp.The approval means for the first time in five years a majority of the state-backed insurer’s...
Sep 8 2014 // Democrat Charlie Crist said he successfully reduced rising property insurance rates as governor and will do so again if elected, vowing to repeal a law enacted under Republican Gov. Rick Scott that he said provides weaker...
Sep 8 2014 // Former officers and directors of MF Global Holdings Ltd. have already spent more than $48 million defending themselves from lawsuits, a sum U.S. Bankruptcy Judge Martin Glenn called “staggering” considering...
Sep 8 2014 // Property damage claims resulting from the rioting in Ferguson, Mo., in August are limited primarily to commercial property housing small businesses, according to the state’s chief insurance regulator.“There are...
Sep 8 2014 // Despite big storms and wildfires highlighting the need, home inventories are rare, say insurance industry experts.A recent Allstate Insurance survey of Atlanta homeowners found that while than more than 90 percent of...
Sep 8 2014 // When an insurance agent is sued for professional negligence, a question arises as to whether the breach of the agent’s duty of care requires the testimony of another insurance agent or broker who testifies that the...
Sep 8 2014 // Louisiana’s property insurance market is vastly improved nine years after Hurricane Katrina devastated the state on Aug. 29, 2005, largely due to the implementation of statewide building codes and strategies that...
Sep 5 2014 // The Florida Office of Insurance Regulation (OIR) announced that it has approved the removal of up to 425,357 personal residential policies and 2,227 commercial residential policies from Citizens Property Insurance Corp. by...