All the headlines from our Property Topic Page, ordered by recency.
Oct 7 2013 // Colorado residents and businesses face devastating water inundation that many are dubbing a one-in-500-years weather event. Nearly 2,400 square miles were saturated with water causing massive dislocation and loss of life....
Oct 3 2013 // Private U.S. property/casualty insurers’ net income after taxes rose to $24.5 billion in first-half 2013 from $17.2 billion in first-half of last year.Insurers’ overall profitability as measured by their...
Oct 2 2013 // A bipartisan proposal to delay federal flood insurance rate hikes that took effect Tuesday is being stymied by a bitter congressional dispute over President Barack Obama’s signature health care law, Sen. Bill Nelson...
Oct 1 2013 // When the Texas Supreme Court decides to look at controversial insurance coverage issues, you can assume that their decisions will never be boring. Such was the case in its Aug. 23 decision in Lennar Corp. v. Markel...
Sep 26 2013 // When Colin and Joyce Elston bought their Florida dream home in May, they were confident they could afford the three-bedroom, two-bathroom ranch with a pool and a backyard overlooking the Intracoastal Waterway.Now they are...
Sep 25 2013 // A high tech start-up is promising to raise the standard for determining “insurance to value” by giving property/casualty insurance companies and brokers access to real-time data on their upscale insureds’...
Sep 24 2013 // Colorado residents and businesses face devastating water inundation that many are dubbing a one-in-500-years weather event. Early reports confirm nearly 2,400 square miles saturated with water causing massive dislocation...
Sep 24 2013 // Fireman’s Fund Insurance Co. has launched Property-Gard Pinnacle, a new commercial property form that integrates new coverages and policy format with existing protection for highly protected risk (HPR) properties.The...
Sep 23 2013 // Capital Insurance Group (CIG), a regional property and casualty insurer serving the Western U.S., has released three new 2 percent total premium credits for commercial apartment and condominium lines. The Stovetop...
Sep 23 2013 // The surplus lines industry is letting the good times roll. Well, not exactly. But times are good and getting better for wholesalers and insurers doing business in the specialty insurance market, experts say.That’s...
Sep 23 2013 // When the Texas Supreme Court decides to look at controversial insurance coverage issues, you can assume that their decisions will never be boring. Such was the case in its Aug. 23 decision in Lennar Corp. v. Markel...
Sep 23 2013 // The property insurer of last resort in Louisiana plans to lower rates for commercial policyholders. The 352 commercial policyholders Louisiana Citizens Property Insurance Corp. covers in coastal areas.would see rates drop...
Sep 18 2013 // A Washington County, Mississippi man has been charged with three counts of insurance fraud involving property claims. Attorney General Jim Hood said in a news release that 31-year-old Oliver Johnson of Greenville was being...
Sep 18 2013 // A coalition of Florida business and consumer groups is objecting to the state-backed property insurer providing coverage for 180,000 individuals who reside outside of the state and, in some cases, the country.The Stronger...
Sep 16 2013 // The FBI estimates that in 2012, the number of violent crimes increased 0.7 percent while property crimes decreased 0.9 percent, the tenth straight year of declines for these offenses, collectively.The 2012 statistics show...
Sep 16 2013 // The state-run property insurer of last resort in Louisiana plans to lower commercial rates.The Advocate reports the bulk of those cuts would benefit the 352 commercial policyholders Louisiana Citizens Property Insurance...
Sep 11 2013 // Although the notion of a binding agreement between two parties dates back to ancient times, the doctrine of contracts has evolved through the years to meet the needs of modern times.In 1911, Judge Learned Hand defined this...
Sep 10 2013 // Lighthouse Property Insurance Corp. reported that Scot Moore has been named as the firm’s new executive vice president. Moore’s accounting career began in 1986 with KPMG Peat Marwick and he has worked in the...
Sep 9 2013 // Fur coats, diamonds and Rolex watches were among hundreds of items once owned by a pair of Wausau, Wis., insurance executives that have been auctioned off to pay for their multimillion-dollar fraud scheme.Federal agents...
Sep 9 2013 // A recent report from the Union of Concerned Scientists, a watchdog group, calls for further reforms to flood and wind insurance programs to discourage risky development and help reduce risk and taxpayer costs.The report,...