All the headlines from our Property Topic Page, ordered by recency.
Aug 5 2014 // The North Dakota State Fire and Tornado Fund (F&T) for the first time in its history will waive insurance premiums for its policyholders, the state insurance department announced“The State Fire and Tornado Fund...
Aug 4 2014 // About This Report: Welcome to the 10th annual Insurance Journal Top 100 Independent Property/Casualty Agencies report.The Top 100 list is ranked by total property/casualty agency revenue for 2013 and comprises only those...
Aug 4 2014 // South Carolina Insurance Director Ray FarmerSouth Carolina Insurance Director Ray Farmer has issued a bulletin drawing the industry’s attention to the provisions of the Competitive Insurance Act passed this year. The...
Jul 30 2014 // A decision by California Insurance Commissioner Dave Jones to fine UnitedHealth Group $173.6 million for violations having to do with the Unfair Business Practices Act, the Unfair Insurance Practice Act and unfair claims...
Jul 30 2014 // Florida regulators announced they are ending a 1.3 percent assessment on property insurance premiums 18 months ahead of schedule. The monies had been used to pay off bonds issued by the state’s hurricane catastrophe...
Jul 29 2014 // IFG Cos. named Dennis P. Doyle as managing director in its property department. Doyle will be based in the Los Angeles, Calif. area and will participate in the opening of IFG’s new office in that region. He will help...
Jul 24 2014 // James E. Emig has joined IFG Companies as director of its Bind Property unit, where he will be responsible for property and package business across the United States. Emig will be based in IFG’s Atlanta office. He...
Jul 22 2014 // The Hanover Insurance Group advises that as new high school graduates get ready to head off to college, parents would be wise to prepare for potential risks and liabilities, and to consider the insurance...
Jul 17 2014 // A.M. Best has assigned the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” to Starr Property & Casualty Insurance (China) Company, Limited (Starr China), formerly...
Jul 16 2014 // Specialist lines underwriting agency CFC has launched an intellectual property product focused on small and medium sized companies. The product can cover the costs associated with a number of intellectual property...
Jul 16 2014 // XL Group has appointed Dave Schmitz to lead its global Property Risk Engineering Services, including XL Global Asset Protection Services, a network of risk engineers who provide on-site property risk analysis and support...
Jul 15 2014 // Fireman’s Fund Insurance Co. named Steven Bailey national practice leader in field underwriting for highly protected risks in large property. In this national role, Bailey brings his experience as an underwriter and...
Jul 15 2014 // “Overcapacity in the international construction, property & casualty markets in the first half of 2014 has resulted in rate reductions of up to 30 percent for commercial insurance buyers,” according to a...
Jul 10 2014 // Owners of South Carolina rental properties have the option of insuring their residences through Lighthouse Property Insurance Corp. beginning July 14. The coverage is available for rental residence or an owner-occupied...
Jul 10 2014 // Aiming for a bigger role in the market for large, complex global property risks, Liberty Mutual has expanded its National Accounts Property unit and added five underwriters.The unit provides ground-up, shared and layered,...
Jul 8 2014 // Bermuda-based Endurance Specialty Holdings Ltd. announced that Mark Maritzen has joined the company as Executive Vice President and Head of Commercial Property within its U.S. Insurance operation.He has nearly twenty years...
Jul 8 2014 // Endurance Specialty Holdings Ltd. announced that Mark Maritzen has joined the company as executive vice president and head of commercial property within its U.S. Insurance operation.Maritzen will be responsible for...
Jul 7 2014 // Damage to public roads, bridges and buildings is estimated at more than $15 million from storms and flooding in June, Iowa’s top emergency management official said.Those estimates include only public facilities, said...
Jul 6 2014 // Private U.S. property/casualty insurers’ net income after taxes fell to $13.8 billion in first-quarter 2014 from $14.3 billion in first-quarter 2013.Insurers’ pretax operating income – the sum of net...
Jul 1 2014 // The Massachusetts Association of Insurance Agents (MAIA) is pushing a bill, S-465, that would require the Massachusetts Property Insurance Underwriting Association (MPIUA), also known as the Massachusetts FAIR Plan, to...