Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
People Moves: Canopius Hires CUO and CFO in Bermuda From Validus and AXA XL; MS Amlin Taps HDI’s Healy as Head of Property & Crisis Management Claims
May 2 2024 // This edition of International People Moves details appointments at global specialty re/insurers Canopius and MS Amlin. A summary of these new hires follows here. Canopius Hires CUO and CFO in Bermuda From Validus and AXA...
The Role of Artificial Intelligence Across the Property Insurance Ecosphere
Apr 25 2024 // This post is part of a series sponsored by CoreLogic. Over the last couple of years, Artificial Intelligence (AI) has changed how everyone lives, works, and plays. More than just a trend, AI is the ability of a machine,...
Berkley CEO: Property E&S Momentum Slows but ‘Some More Hay’ to Be Made
Apr 24 2024 // When it comes to observations of the excess and surplus lines market, there is a difference between the momentum of liability and property lines, said W.R. Berkley CEO W. Robert Berkley, Jr. Addressing some talk that has...
Property Owner Sued for Negligence in Hiring of Worker With Criminal Record
Apr 24 2024 // April Hurley’s attacker entered her apartment after identifying himself as the building maintenance man — a job he should never have obtained, according to a lawsuit filed Monday that accuses the property owner and...
California Sees Two More Property Insurers Withdraw From Market
Apr 18 2024 // California’s already strained property insurance market is facing a new challenge as two more insurers, Tokio Marine America Insurance Co. and Trans Pacific Insurance Co., plan to withdraw from the wildfire-prone...
People Moves: McGill Expands Global Property Team; Lawrence Joins Alliant; Berkshire Specialty Promotes Bowman
Apr 18 2024 // McGill Hires Milne and Cabot to US Property Team McGill and Partners, headquartered in London, appointed Duncan Milne and Cabot Lyman as partners to the firm’s U.S. property team. Milne joins the firm as a partner...
Inflation Continues to Increase Insured Property Exposures Globally: PERILS
Apr 16 2024 // Inflation continues to have an effect on property exposures with sums insured for European windstorm increasing by 10.1% year-on-year at constant euro exchange rates, at similar levels to 2023, according to PERILS AG, the...
UK Home, Business Property Insurance Payouts Hit $6B in 2023
Apr 15 2024 // Britain’s homes and businesses received 4.86 billion pounds ($6.07 billion) in property insurance payouts in 2023, up 18% from a year earlier, as weather-related home claims hit a record high, the Association of...
kWh Analytics, Aspen Raise Capacity for Property Insurance, Renewable Projects
Apr 12 2024 // kWh Analytics Inc. secured an increase in its capacity agreement with Aspen Insurance to support its property insurance offering for renewable energy projects. With this increase, kWh Analytics can underwrite up to $75...
Ping An Insurance’s Delayed Trust Repayment Shows Lingering Property Woes
Apr 11 2024 // Ping An Insurance (Group) Co.’s trust business delayed repayment on a property-linked investment product, showing how the financial giant’s asset-management operations are still reeling from China’s...
Taiwan Property Insurers Likely to Remain Profitable Despite Quake Losses: GlobalData
Apr 5 2024 // The 7.2 magnitude earthquake that struck Taiwan’s east coast on April 3 caused substantial damage, particularly in Hualien with collapsed buildings and infrastructure disruptions. However, insurers are expected to...
Property Restoration Industry: A Culture in Need of Repair?
Apr 1 2024 // Jatiek Smith, a Bloods gang member convicted on extortion and racketeering charges in New York, blamed ruthless competition and a culture of violence in the fire restoration industry for the accusations made against him by...
New Jersey Property Flood Risk Disclosure Law Going Into Effect
Mar 19 2024 // A New Jersey law requiring residential and commercial landlords and sellers of real estate to disclose any flood history and potential flood risks to prospective renters and purchasers goes into effect Wednesday, March...
Boston Property Manager Sued For Revoking Job Offer for Woman With Breast Cancer
Feb 28 2024 // The Equal Employment Opportunity Commission (EEOC) is suing a Boston property management firm for allegedly violating federal law by failing to provide a reasonable accommodation to a new hire with a disability and...
People Moves: Markel Names Costello as Head of Hull and War; IQUW Strengthens Property Team With 3 Senior Appointments
Feb 21 2024 // This edition of International People Moves details appointments at the insurer Markel and the specialty re/insurer IQUW. A summary of these new hire follows here. Markel, the insurance operations within Markel Group Inc.,...
DEI: Redefining the Paradigm for the Property/Casualty Industry
Feb 19 2024 // The recent billionaire back-and-forth about diversity, equity and inclusion initiatives is a great opportunity to look at why we’re doing DEI, how we’re doing it — and how we can do it better. Bill Ackman...
It’s Time for the Commercial Property Insurance Industry to Adopt Tech Efficiencies
Feb 19 2024 // Buyers of commercial property insurance are facing many challenges. Rates are rising, capacity is becoming scarce (particularly in catastrophe exposed zones), and large programs, often involving dozens of insurers, are...
People Moves: Reinert, Murray to Anchor Everest’s Dedicated Private Equity Practice; Krupczak to Lead US Energy Property at Liberty Mutual
Jan 26 2024 // Liberty Mutual Insurance Appoints John Krupczak to Lead Property for US Energy Liberty Mutual Insurance announced the appointment of John Krupczak to the role of head of US Energy (Property), effective immediately. Part of...
Louisiana Property Initiatives Are Meeting Expectations, Ex-Commissioner Says
Jan 22 2024 // Outgoing Louisiana Insurance Commissioner Jim Donelon said that two initiatives to address the state’s property insurance market are meeting expectations. Companies participating in the Insure Louisiana Incentive...
Markets/Coverages: Hub International Starts Property Practice
Jan 19 2024 // Brokerage Hub International announced Jan 18 that it is today the launch of the HUB Property Practice. Blake Giannisis, who recently joined Chicago-based HUB as executive vice president, will serve as North American...
