Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
What Might Happen If Congress Fails to Renew Terrorism Reinsurance Program
Jun 17 2019 // The long-term viability of the U.S. property terrorism insurance market is back in the spotlight as Congress looks at renewing the federal reinsurance backstop, the Terrorism Risk Insurance Program Reauthorization Act...
Scientists Vow to Report Flood Risk for Every U.S. Property for Free
Jun 14 2019 // In a major research undertaking, a group of scientists and a technology nonprofit technology organization have set a mission to calculate the past, current and future flood risk of every property in America. While...
Prime Property & Casualty Enters Kansas Commercial Auto Market
Jun 6 2019 // Prime Property & Casualty Insurance Inc. (PPCI) has entered the Kansas commercial auto insurance market as an admitted carrier specializing in distressed and substandard risks. With PPCI, producers now have an...
What is the Underwriter Thinking?
Jun 5 2019 // Got a really interesting question this week. The essence of it is that the agent has a customer with a homeowners’ policy. The company is planning to renew coverage with the house on Actual Cash Value (ACV), rather...
AM Best Assigns Credit Ratings to Centerline Property & Casualty of Tennessee
May 30 2019 // AM Best has assigned a Financial Strength Rating of B++ (Good) and a Long-Term Issuer Credit Rating of “bbb+” to Centerline Property and Casualty Insurance Co., headquartered in Knoxville, Tenn. The outlook...
Sovos Acquires Iowa’s Eagle Technology Management
May 29 2019 // Global tax software provider Sovos is acquiring Iowa-based Eagle Technology Management (ETM), which provides statutory financial reporting and insurance premium tax software to insurers, and unclaimed property reporting...
We Could Try to Make Insurance Easier to Read
May 29 2019 // Insurance policies are hard to read, and I don’t think that they necessarily need to be so. Some would say that we need to keep policy language intact because the language that is used in many policies has come...
China’s Revamp of Anbang Insurance Includes Moving Business to New Company
May 28 2019 // The Chinese government is taking a major step in its efforts to sell a strategic stake in Anbang Insurance Group Co., the acquisitive insurer it took over last year amid a fraud investigation into its former...
Rochester Property Owner Indicted for Defrauding Banks, Insurance Companies
May 24 2019 // Prominent upstate New York landlord Robert Morgan is charged in a 114-count federal indictment with defrauding banks and insurance companies out of millions of dollars by inflating property values and insurance claims...
AXA XL Names Chiusano to Lead North America Property Insurance Team in Northeast
May 23 2019 // AXA XL, a division of AXA, has named Raymond Chiusano to lead its North America Property Insurance team’s Northeast region, based in New York. Chiusano is assuming the role currently held by Joseph Moylan, who...
AXA XL Promotes Gauder in Illinois to Lead North Central Region
May 23 2019 // AXA XL has promoted Brian Gauder to lead its North Central region out of Chicago, Ill. AXA also named Raymond Chiusano to lead its North America property insurance team’s Northeast region out of New York. Chiusano is...
What Might Happen If Congress Fails to Renew Terrorism Reinsurance Program
May 22 2019 // The long-term viability of the U.S. property terrorism insurance market is back in the spotlight as Congress looks at renewing the federal reinsurance backstop, the Terrorism Risk Insurance Program Reauthorization Act...
Baltimore to Get Property Sales Moving Amid Cyber Attack
May 20 2019 // Baltimore, Md., officials say they have a plan to get the city’s real estate market moving again in the midst of a crippling ransomware attack. A manual workaround for property sales during the recovery will begin...
Is Sea Rise Wrecking Coastal Home Values? The Answer: Maybe
May 20 2019 // For sale: waterfront property with sweeping views of the Atlantic Ocean. Waves erode beach regularly. Flooding gets worse every year. Saltwater damage to lawn. Asking price: anyone’s guess. Some research suggests...
Cyber Confusion: What’s Needed to Create a Sustainable Cyber Market
May 20 2019 // There has been plenty of talk about how cyber continues to evolve in an ever-changing technology landscape, how cyber risks have become increasingly sophisticated and how the insurance industry needs to keep...
Louisiana Supreme Court: No Prohibition Against Forum Selection Clause in Commercial Property Policy
May 20 2019 // The Louisiana Supreme Court has determined that state law does not expressly prohibit a clause in a commercial property insurance policy that specifies that any coverage dispute ending up in litigation must be heard in a...
Markel Int’l Taps Lazarus from Hiscox as Head of North American Property Reinsurance
May 14 2019 // Markel International, the specialist insurer and subsidiary of Markel Corp., has appointed Nick Lazarus as managing director, North American property reinsurance based in London. Leading the existing and established London...
Vacant Property Program Webinar to be Held Wednesday, May 15
May 14 2019 // Atlanta, GA, May 14, 2019 — Jared Mathis, executive vice president and head of the Blue River Underwriters’ specialty property program group will be presenting an informational webinar on vacant property insurance...
Florida Passes ‘Catch All’ Insurance Bill Impacting Surplus Lines, Catastrophe Fund
May 13 2019 // A Florida bill that the insurance industry says will help modernize the state’s surplus lines system, as well as impact property insurer contracts under the Florida Hurricane Catastrophe Fund and reduce “bad...
Texas Insurance Bills on the Move; Commercial Property Measure Heads to Governor
May 10 2019 // The Insurance Council of Texas has reported several insurance bills of interest are moving in the Texas Legislature as the end of the session draws closer. SB 590/HB 1411, which addresses amendments, cancellations and...
