Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
Rourke Appointed as SVP, General Manager of The Church Insurance Companies
Sep 30 2020 // The Church Pension Group (CPG), a financial services organization that serves The Episcopal Church, has appointed Christopher R. Rourke as senior vice president and general manager of The Church Insurance Companies...
Guy Carpenter Taps Miller from Aon to Lead Property Catastrophe UK, Global Specialties
Sep 29 2020 // Guy Carpenter & Co., the reinsurance brokerage business of Marsh & McLennan Cos., announced the appointment of Paul Miller to lead Guy Carpenter’s Property Catastrophe value proposition for UK, Global...
MGA New Paradigm Aims to Bridge the Natural Catastrophe Protection Gap
Sep 29 2020 // Evan Glassman saw a gap in the property insurance market—literally. Glassman, working as a retail producer in south Florida for most of his career, realized that the insurance industry’s products were not fully...
What Ever Happened to Hedge Fund Reinsurers?
Sep 25 2020 // The latest group of reinsurers to emerge in the Bermuda market is starting to look different. Even the name that once described the cohort has changed in the past five years. And at least one member of the group of...
Insurer Impact from Sally Expected to be Moderate; Losses Estimated at $1B to $3B
Sep 23 2020 // Insured losses from Hurricane Sally could reach as much as $3 billion, according to catastrophe modelers, but ratings agency Moody’s expects a moderate impact on property & casualty insurers and...
Abandoned Vehicles a Common Problem in Omaha, Nebraska, Neighborhoods
Sep 22 2020 // The blue SUV had been parked in front of the Omaha Bike Project near 33rd and California Streets, with its windows down, for more than three months. After multiple calls to the Mayor’s Hotline failed to yield...
Welcome to Insurance Journal’s annual Top 20 Agency Partnerships report. This report is ranked by total property/casualty revenue for 2019.
Sep 21 2020 // Today’s Agency Partnerships are numerous and offer value and benefits to their members, including independence, growth opportunities, access to markets, profit sharing, perpetuation planning, relationships,...
Owners Find Insurance Inadequate to Cover Demolition of Buildings Destroyed by Riots
Sep 21 2020 // Some commercial property owners whose businesses were torched by rioters are learning that they don’t have enough insurance to clear away the debris. Many property owners in the Minneapolis-St. Paul area purchased...
Is It Covered? Frozen Pipes.
Sep 18 2020 // This “Is It Covered?” column will examine two real-life claims from the Dakotas involving frozen pipes – one personal lines and the other commercial lines. Both are good examples of how policy language...
Using Building Codes and Property Characteristics to Keep up With 2020 Hurricane Season
Sep 18 2020 // This post is part of a series sponsored by CoreLogic. Though the COVID-19 pandemic is occupying most of our attention at the moment, hurricane season has begun and natural catastrophes never take a holiday. Forecasts for...
Moody’s Says Property/Casualty Insurers Face Significant Losses from Western Wildfires
Sep 17 2020 // Dozens of wildfires raging in California, Oregon, Washington and other Western states have resulted in loss of life, damaged or destroyed about 9,657 homes and commercial structures and burned more than 5 million acres,...
The Hanover Targets Home-Based Businesses with New Coverage Suite
Sep 16 2020 // The Hanover Insurance Group, Inc. has launched a suite of coverages designed to protect homeowners who generate income through home-based businesses or short-term rentals of their properties. The Hanover’s new...
Plaintiffs Suffer Another Loss in Michigan COVID-19 Business Interruption Suit
Sep 9 2020 // Another federal court has dismissed a COVID-19 business interruption lawsuit, finding that a closure order does not constitute a covered “direct physical loss” and that the policy excluded damages caused by...
Is It Covered? The Unimpeachable Case of What ‘Are’ Is
Sep 8 2020 // One claim dispute I was involved with I refer to in seminars as “The Unimpeachable Case of What ‘Are’ Is.” It illustrates how a single word, even the tense of a verb, in a policy form can make all...
London Underwriters Launches Online Agent Platform in Texas
Sep 8 2020 // London Underwriters has released a beta version of its new online platform, Bunch, in the state of Texas. London Underwriters, which has administrated its own proprietary Lloyd’s of London commercial property program...
‘All Generalizations Are Dangerous….’
Sep 7 2020 // I love quotations. I’ve collected them for almost 50 years. Over 20 years ago, I published my first book which was a collection of 1,500 of my favorite quotations, all indexed and cross-referenced, with an...
Property/Casualty Insurance First-Half Underwriting, Net Income Drops Tied to COVID
Sep 7 2020 // U.S. property/casualty insurance underwriting income dropped 5.5% in the first half of 2020 versus the same period last year. Higher underwriting expenses and policyholder dividends largely connected to COVID-19 costs are...
Defendants in Separate COVID-19 Business Interruption Suits Score Wins in Texas Courts
Sep 7 2020 // Rulings in two lawsuits originating in Texas over business income losses related to the COVID-19 pandemic were handed down in August in favor of insurance firms. In one, an insurance agency was added to a restaurant...
FAIA Chief Grady Says Goodbye, Shares Top Moments in 22-Year Career
Sep 7 2020 // Jeff Grady For 22 years, the Florida Association of Insurance Agents has been led by Jeff Grady, president and chief executive officer, who admits that when he started all those years ago he did not expect to “fall...
Owners Say Insurance Inadequate to Cover Demolition of Riot-Destroyed Buildings
Sep 4 2020 // Some commercial property owners whose businesses were torched by rioters are learning that they don’t have enough insurance to clear away the debris. The StarTribune newspaper reported that many property owners in...
