property insurance

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  The Assault on State-Regulated Workers' Comp

  By Arthur D. Postal, PropertyCasualty360.com  |  May 6, 2013

  A critical component of our national “safety net,” the state-regulated workers’ compensation system, is being besieged, another victim of politicians reaching everywhere to generate short-term benefits by increasing services without raising taxes.

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  Tragedy in Texas: Still More Questions than Answers

  By Bill Coffin  |  May 2, 2013

  So far, the fertilizer explosion in West, TX has more questions than answers. But that won't last forever.

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  Florida Legislators Move Bill to Shrink Citizens Property Insurance Corp.

  By Chad Hemenway, PropertyCasualty360.com  |  May 2, 2013

  The industry is calling for Florida Gov. Rick Scott to sign SB 1770—a bill touted as yet another positive step toward stabilizing the Sunshine’s State’s property insurance market.

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  West Fertilizer Property, Little Else Likely Insured

  By Chad Hemenway, PropertyCasualty360.com  |  April 26, 2013

  Unfortunately, it looks as if the West Fertilizer Co. was significantly underinsured.

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  Massive Texas Plant Explosion Destroys Houses, Cars, Apartment Complex, School

  By Chad Hemenway, PropertyCasualty360.com  |  April 18, 2013

  Insurance adjusters are already on their way to an area near Waco, Texas affected by an enormous blast at a fertilizer plant Wednesday night that sent a mushroom cloud into the sky.

• Regional Insurers Show Underwriting Improvement in 2012; Still Lag Other Subsectors

  By Phil Gusman, PropertyCasualty360.com  |  March 19, 2013

  Regional insurers saw a significant improvement in 2012 underwriting results compared to 2011, but only one of six such companies studied by Fitch Ratings managed an underwriting profit for the year, and regionals posted a higher 2012 combined ratio than any other subsector Fitch analyzed.

• Rokicki Joins LIU to Head OGPC Property

  By Staff Writer  |  January 18, 2013

  Liberty International Underwriters has hired Robert Rokicki as senior vice president of Oil, Gas, Petrochemical and Chemical (OGPC) Property.

• Marsh: Rates Increase in Q4, but at Slower Pace

  By Mark E. Ruquet, PropertyCasualty360.com  |  December 19, 2012

  Property and casualty insurance rates at renewal continued to rise in the fourth quarter, but at a slower pace than the previous two quarters, says insurance broker Marsh.

• HCC 4Q Cat Losses in Excess of $30M

  By Mark E. Ruquet, PropertyCasualty360.com  |  December 17, 2012

  Houston-based HCC Insurance Holdings, Inc. says fourth-quarter catastrophe losses will likely be between $30 million and $35 million, and the company’s chief executive warned of substantial rate increases in the future.

• Florida OIR Approves Another 65,990 Take-Outs from Citizens

  By Chad Hemenway, PropertyCasualty360.com  |  November 30, 2012

  This newest round of take-outs approved by the state Office of Insurance Regulation is in addition to 310,000 policies the office has approved for depopulation in November and December.

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  Travelers Posts Record Profit in Q3; Shares Set All-Time High

  By Ben Berkowitz, Reuters  |  October 18, 2012

  Travelers Cos Inc posted a record quarterly operating profit as prices rose and losses from natural disasters fell sharply, the property insurance company said on Thursday.

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  Commercial-Insurance Premium Growth Nearly Three Times Higher in Emerging Markets

  By Phil Gusman, PropertyCasualty360.com  |  October 17, 2012

  Commercial insurance premium growth was nearly three times higher in emerging markets compared to advanced markets from 2000-2010, and insurers are expected to seek more growth opportunities in these regions as economic growth slows in advanced markets, a new report says.

• Florida OIR Approves Another 60,000 Take-Outs from Citizens

  By Chad Hemenway, PropertyCasualty360.com  |  September 25, 2012

  Two Florida companies have been approved to remove an additional 60,000 policies from the state’s residual insurer, according to the Office of Insurance Regulation.

• Property Insurers Hitting Their Investment Risk Limit; Still Plan to Be More Aggressive

  By Reuters  |  September 17, 2012

  Half of the chief financial officers at property insurance companies say they are near their limit for investment risk, yet roughly a third expect to become more aggressive in the next year, according to a study released on Monday that underlines the challenges that low interest rates pose to insurers.

• Florida’s McCarty Approves More Take-Outs; Will Policyholders Leave, Come Back?

  By Chad Hemenway, PropertyCasualty360.com  |  September 7, 2012

  The Florida Office of Insurance Regulation says it approved four domestic insurers to remove 150,000 policies from the state’s bloated last-resort insurer.

• Insurers Sending Reinforcements for Anticipated Isaac Claims

  By Chad Hemenway, PropertyCasualty360.com  |  August 27, 2012

  Tropical Storm Isaac has insurers scrambling to deploy mobile claims vehicles and additional personnel to areas with the greatest chance of suffering damage from the soon-to-be hurricane.