Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
A.M. Best Calculates P/C Insurers’ Underwriting Loss for 2017
Feb 7 2018 // Rating agency A.M. Best expects the U.S. property/casualty insurance industry to post a second consecutive underwriting loss in 2017, driven mainly by catastrophe losses. The expected net underwriting loss for 2017 of...
Jeff Davis, ICA, to Speak on Climate Change and Property Losses at Atlanta RIMS
Feb 7 2018 // Charlotte, NC, February 7, 2018 – Insurance Claims Adjusters, LP (ICA) is pleased to announce that Jeff Davis, vice president of claims and director of business development, will be a panelist at the 2018 Atlanta...
Worley Claims Services Acquires Audit Services Incorporated of Georgia
Feb 6 2018 // Worley Claims Services, LLC, a provider of claims services in North America, has acquired Audit Services Incorporated (ASI), a claim estimate writing and review supplier for the property and auto insurance markets based in...
Marsh & McLennan West Names New Principals in California and Alaska
Feb 5 2018 // Marsh & McLennan Insurance Agency has promoted eight executives to principals of the firm. In San Diego, the new Principals are Donna DeBolt, Wayne Pages, Greg Pendergast, Erin Quigley, Jeff Simpson, Ryan Stover, and...
People
Feb 5 2018 // Boca Raton, Fla.-based Universal Insurance Services, LLC, a subsidiary of Vanbridge, LLC, has added Jamie Lorentz to the firm as an analyst for Corporate and Institutional Insurance. Lorentz joins Universal from...
CoreLogic: Harvey an Exception to a Relatively ‘Normal’ Hazard Activity Year
Feb 5 2018 // While natural weather hazard activity could be largely categorized as “normal” last year, regional exceptions occurred, notably: wildfires in California and hurricane activity in Texas and the...
People
Feb 5 2018 // Texas Security General Insurance Agency LLC (TSGA) in San Antonio, Texas, added David A. Winkley as vice president of Commercial Lines. A former business owner, Winkley has industry experience in retail production,...
People
Feb 5 2018 // CAL Insurance & Associates Inc. has added Elian Boukhalil as an account manager. Boukhalil will work within CAL’s affluent families division. She was previously an intern with Publiscreen Online. Before that she...
Altman Advises Southwestern Pennsylvania Property Owners on Filing Flood Claims
Feb 5 2018 // Acting Pennsylvania Insurance Commissioner Jessica Altman has advised property owners in southwestern Pennsylvania experiencing flooding from heavy rains on important actions to take when preparing and filing flood...
Keeping Flood Insurance Above Water: Commentary
Jan 25 2018 // With the National Flood Insurance Program (NFIP) currently set to expire on February 8, and many communities still recovering from this summer’s hurricanes, it’s no surprise that the 21st Century Flood Reform...
Regions Insurance Taps Breedlove to Lead Property & Casualty Operations from Georgia
Jan 23 2018 // Regions Insurance, an affiliate of Regions Bank, has named Mike Breedlove executive vice president of Property & Casualty Operations. Breedlove will be responsible for leading the company’s property &...
People
Jan 22 2018 // Salt Lake City, Utah-based Leavitt Group Insurance Advisors has named Mike Scott a senior risk advisor and director of program business. Scott will focus on middle markets, large accounts, and hard-to-place specialty...
People
Jan 22 2018 // Connie Clarke has been appointed president of TDECU Insurance Agency LLC in Lake Jackson, Texas. Clarke brings more than 20 years’ experience in both the insurance and financial services industries to the...
U.S. Reinsurance Outlook Remains Negative for 2018, Says A.M. Best
Jan 22 2018 // Ratings firm A.M. Best said it is maintaining its 2018 outlook for the U.S. property/casualty reinsurance sector at negative, citing the “pronounced pressure on U.S. property catastrophe rates as the alternative...
Florida Appeals Court, Regulator Reject Policy Language Aimed at Curbing AOB Abuse
Jan 22 2018 // A Florida appeals court has sided with the state’s insurance regulator in rejecting policy language filed by a Florida homeowners insurer to restrict the use of assignment of benefits. The decision could have a...
Iowa High-Rise Project Uncertain After Property Swap with Insurer
Jan 12 2018 // The developer of an $88 million high-rise project in downtown Des Moines has announced plans to trade the land to an insurance company in exchange for a portion of a downtown property. Blackbird Investments’...
J.M. Wilson Adds James as Assistant Property/Casualty Underwriter in Ohio
Jan 12 2018 // J.M. Wilson has hired Taylor James as assistant property/casualty underwriter in its Westerville, Ohio, office. James is responsible for assisting underwriters on a wide variety of property and casualty risks, as well as...
All Risks Adds CRC Swett’s Aasen in Northern California
Jan 12 2018 // All Risks Ltd. has added Brandon Aasen to its San Francisco, Calif. office as a property broker. Aasen will be responsible for producing new property business for the West Coast. He will also specialize in commercial...
U.S. Reinsurance Outlook Remains Negative for 2018, Says A.M. Best
Jan 10 2018 // Ratings firm A.M. Best said it is maintaining its 2018 outlook for the U.S. property/casualty reinsurance sector at negative, citing the “pronounced pressure on U.S. property catastrophe rates as the alternative...
Florida Appeals Court, Regulator Reject Policy Language Aimed at Curbing AOB Abuse
Jan 10 2018 // A Florida appeals court has sided with the state’s insurance regulator in rejecting policy language filed by a Florida homeowners insurer to restrict the use of assignment of benefits. The decision could have a...
