All the headlines from our Property Topic Page, ordered by recency.
Aug 5 2013 // Welcome to Insurance Journal‘s new and improved Top 100 Independent Property/Casualty Agencies report.This year’s Top 100 features a number of agencies that are new to the list thanks to a change that ranks the...
Aug 2 2013 // American International Group Inc. announced its first capital return since its 2008 bailout, through a dividend and share buyback, sending its shares up 6 percent after the bell.The insurer, which was almost wiped out by...
Aug 1 2013 // If Congress fails to renew or makes significant changes to the federal government’s terrorism risk insurance program, some insurers will be forced to significantly alter their underwriting portfolios to reduce...
Jul 30 2013 // At a time when efforts are underway to require additional supervision of some large insurers, a new government report concludes that the insurance industry’s own practices and the policies of state and federal...
Jul 30 2013 // The Hartford Financial Services Group reported a net loss of $190 million for the 2013 second quarter. The quarterly loss widened compared to the same time a year ago, when the insurer reported a net loss of $101...
Jul 30 2013 // Property insurance premiums have skyrocketed for Pine Belt school districts. Some have had problems just finding a company to insure them.Lamar County School District Superintendent Ben Burnett told the Hattiesburg...
Jul 29 2013 // Bob and Pat Smith have seen many floods in their 47 years on Water Street, but none as severe as in Superstorm Sandy. Last year’s storm waters rose halfway up their front door and left a debris field of mud and mold...
Jul 26 2013 // Jefferson Parish in Louisiana cannot be made to pay for belongings lost in a rented house that burned down at the height of Hurricane Gustav while the sheriff tried to put out the fire with a garden hose, a judge has...
Jul 22 2013 // The ACE Group promoted Derek Talbott to division president, North America Property & Specialty Lines. Talbott succeeds Paul McNamee, who has been named deputy president of ACE’s Asia Pacific region.With more than...
Jul 22 2013 // West Virginia property owners in general didn’t see a huge uptick in insurance premiums after making claims from last summer’s massive windstorm, state data shows.Figures compiled by the state insurance...
Jul 19 2013 // The ACE Group has appointed Jarrod Hill to Executive VP and Head of International Property for ACE’s Overseas General business, effective September 1, 2013. He will have responsibility for all of ACE’s retail...
Jul 18 2013 // Roosevelt County officials are assessing the damage done by a tornado that touched down about 20 miles north of Poplar, Mont. Emergency services coordinator Dan Sietsema says at least two farm sites were hit by the tornado...
Jul 15 2013 // The ACE Group has increased catastrophe limits to $30 million across all its North American retail and wholesale broker-distributed commercial property lines of business. This capacity will be offered through ACE’s...
Jul 15 2013 // With all the fears that Superstorm Sandy created, here’s one that never materialized: huge tax increases to make up for property destroyed along the coastlines of New Jersey, New York and Connecticut.Waves of federal...
Jul 11 2013 // With thousands of properties caught in a three-year legal holding pattern, Baton Rouge, La., and other officials across the state want the New Orleans treatment on dealing with blight.New Orleans already secured a state...
Jul 8 2013 // A New Jersey town can present evidence of the benefits of building dunes as storm barriers when homeowners with beachfront properties seek compensation for losing their ocean views, the state’s highest court...
Jul 2 2013 // Erie Insurance announced Monday that beginning this summer, the company will begin development of several properties that it recently bought near its headquarters in downtown Erie, Pennsylvania.The plan includes building a...
Jul 2 2013 // Reinsurers are taking “robust defensive measures to maintain market positions recently eroded by new capital markets entrants,” with prices down 25 percent on some Florida property accounts, according to a new...
Jul 1 2013 // West Virginia property owners in general didn’t see a huge uptick in insurance premiums after making claims from last summer’s massive windstorm, state data shows.Figures compiled by the state Insurance...
Jun 24 2013 // First quarter results for U.S. property/casualty insurers show they made a profit on underwriting for the first time since late 2009.Private U.S. property/casualty insurers’ net income after taxes rose to $14.4...