Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
Insured Property Losses for Australia’s January Hailstorms Hit A$670M: PERILS
Mar 4 2020 // The initial insured property losses for January’s hailstorms in Australia are estimated at A$670 million (US$746.7 million), according to PERILS, the independent Zurich-based organization that provides industry-wide...
California Bill Aimed at Property Insurance in Communities Investing in Wildfire Prevention
Feb 28 2020 // Assemblyman Marc Levine, D-Marin County, has introduced Assembly Bill 3258, which would require property insurance providers to take into consideration local government investments in wildfire prevention when determining...
Nationwide, Generali Form Joint Venture N2G to Sell Multinational Commercial Lines
Feb 27 2020 // Trieste, Italy meet Columbus, Ohio. Ciao! Hello! Two large insurers — Ohio’s Nationwide and Italy’s Generali — are teaming up to serve commercial insurance customers with global needs. The insurers...
Cannabis Power Brokers Tackle Five Pressing Insurance Questions
Feb 27 2020 // The cannabis business is a frontier industry that continues to offer no shortage of unique challenges to regulators, as well as boundless questions for industry watchers and ancillary businesses like insurance. Key...
Berkshire Hathaway P/C Insurance Profit Down in 2019
Feb 24 2020 // Full-year insurance results at Berkshire Hathaway disappointed in 2019, with after-tax earnings from underwriting falling to $325 million in 2019 compared to $1.6 billion in 2018. Earnings from primary insurance operations...
Spark Online Events Debuts Property & Casualty Virtual Insurance Career Fair
Feb 24 2020 // San Francisco, CA, February 20, 2020 – In an effort to meet the younger generation where they are – on their computers and phones –Spark Online Events, a division of Direct Connection Advertising & Marketing,...
Logic & Language, Forms & Facts: Frozen II, The Sequel
Feb 24 2020 // For much of the country, ’tis the season to beware of frozen water pipes. In this month’s column, we examine two such real-life claims from the Dakotas, one personal lines and the other commercial lines. Both...
Coronavirus Raises Insurance Questions But Catastrophe-Tested Insurers Are Prepared
Feb 20 2020 // As the coronavirus outbreak continues to cause concern around the globe, the insurance industry is facing a potentially far-reaching impact but has the experience to handle what might come its way. Based on what the...
HCI Approved by Florida Regulator to Replace Anchor P&C Coverage for 43K Insureds
Feb 18 2020 // The Florida Office of Insurance Regulation has approved a plan for Homeowners Choice Property and Casualty Insurance Company, a subsidiary of HCI Group, to provide replacement policies for Anchor Property and Casualty...
Real Estate Investor and Property Insurance Program Webinar for Agents to be Held Tuesday, February 18
Feb 14 2020 // Atlanta, GA, February 14, 2020 — The Specialty Property team at Blue River Underwriters will host an informative webinar on the real estate investor property insurance market and other commercial excess and surplus...
Global Commercial Insurance Prices Increase 11% in 4th Quarter 2019: Marsh
Feb 12 2020 // Global average commercial insurance prices increased 11% in the fourth quarter of 2019, according to the Global Insurance Market Index released by insurance broker Marsh. The fourth quarter rise in prices was the largest...
Insured Property Losses from Australia’s Townsville Floods in 2019 Hit A$1.24B: PERILS
Feb 11 2020 // PERILS, the independent Zurich-based organization that provides industry-wide catastrophe insurance data, has disclosed its fourth and final property loss estimate for the flood event which hit northern Queensland,...
Sompo Global Risk Solutions Launches Product for Life Sciences Industry
Feb 11 2020 // Sompo Global Risk Solutions has introduced Sompo Life Science Plus, a products-completed operations and errors and omission liability protection product built for the life sciences industry. The new product offers coverage...
AM Best: Florida Insurers Brace for Challenging June Reinsurance Renewals
Feb 11 2020 // Although the 2019 hurricane season did not have a significant impact on Florida, loss creep from prior storms continues to weigh on reinsurers, leading to a likely rise in rates for the upcoming June renewal period. As...
Allstate’s Growth Plan Includes Shift in Agent Commissions, Hike in Advertising
Feb 10 2020 // Allstate first disclosed its Transformative Growth Plan in December, an effort to overhaul how it does business, boost efficiency and reduce expenses. During the Illinois-based property/casualty insurer’s Q4 2019...
Take a ‘Deep Dive’ Into the Nonprofit Sector: Nonprofits Treading Water as Market Hardens
Feb 10 2020 // The task of insuring nonprofit organizations is a complex one and agents, brokers, underwriters and carrier representatives say that in order to fully serve those entities that serve our communities in myriad ways,...
Insurance CEO Takes Fight for Nonprofit Coverage to Congress
Feb 10 2020 // Pamela Davis, president, founder and CEO for the Nonprofits Insurance Alliance (NIA), is on a mission to help nonprofits be successful at their mission by ensuring insurance is affordable and available. She started the...
20 Things to Know About Surplus Lines Insurance in 2020
Feb 10 2020 // As we embark upon a new decade, the surplus lines insurance market has never been stronger. Growth in specialty products and demand for insurance protection in an increasingly dynamic, technological climate necessitates a...
Sipe Promoted to Property/Casualty Sr. VP at Ohio’s Great American Insurance
Feb 3 2020 // Cincinnati, Ohio-based Great American Insurance Group has promoted Carol Sipe to senior vice president within its Property/Casualty Group. Since 2009, Sipe has served as president of Summit, a provider of workers’...
Swiss Re Corporate Taps Ex-Allianz Exec Willauer as Head Property & Specialty, EMEA
Jan 28 2020 // Swiss Re Corporate Solutions has appointed Bianca Willauer as head Property & Specialty Lines, Europe, Middle East and Africa (EMEA), effective Feb. 1, 2020. In this role, Willauer will be responsible for the...
