Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
China’s Anbang Insurance Group Denies Report of Kushner Property Investment
Mar 15 2017 // China’s Anbang Insurance Group said it is not investing in a flagship Manhattan office tower owned by the family of Jared Kushner, U.S. President Donald Trump’s son-in-law and senior adviser. Anbang Insurance...
Take This Lemonade and Startups: Insurers Garner Record High Satisfaction Grades
Mar 14 2017 // Those uppity insurtech startups might want to take note: About one of every 15 U.S. homeowners insurance policyholders files a claim each year and these claimants are now giving insurers their highest ever satisfaction...
UK’s Terrorism Reinsurer, Pool Re, Plans to Extend Cover to Include Cyber
Mar 13 2017 // Britain’s 6 billion pounds ($7.3 billion) terrorism reinsurance fund hopes to extend its cover to include cyber attacks on property, chief executive Julian Enoizi said. Pool Re, set up in 1993, acts as a backstop to...
China Set to Enact New Code on Civil Responsibilities, Rights
Mar 10 2017 // China’s Communist leaders will this week introduce sweeping new laws that codify social responsibilities for the country’s 1.4 billion citizens while also providing some modest new protections. The preamble of...
Proposed Oklahoma Bill Would Allow Property Owners to Destroy Drones
Mar 9 2017 // Proposed Oklahoma legislation heading to the Senate would exempt property owners from civil action if they destroy drones not regulated by the Federal Aviation Administration. The proposed bill, authored by Republican Sen....
Maximum Adds Christensen as Property/Casualty Producer in Omaha
Mar 8 2017 // Maximum, an independent, Chicago-based excess and surplus lines wholesaler, has added Bria Christensen as a producer in its Omaha, Neb., office. Christensen most recently held a wholesale brokerage position at Ascension...
Florida’s Avatar Partners Agrees to Acquire Elements Property Insurance Holdings
Mar 7 2017 // Avatar Partners LP, the parent company of Tampa, Fla.-based Avatar Property & Casualty Insurance Company (Avatar), has agreed to acquire Tallahassee, Fla.-based Elements Property Insurance Holdings LLC and its...
Best Practices for Hospitality Business Interruption Recovery
Mar 6 2017 // Achieving fair recovery for business interruption losses is often one of the most challenging aspects of resolving commercial property insurance claims. This is especially true for hoteliers and others types of hospitality...
Wraight Named Insurance Journal Academy Director
Mar 6 2017 // Patrick Wraight has been named the director of the Insurance Journal Academy of Insurance, a leading property/casualty insurance learning center that is part of the Wells Media Group. Wraight, an Army veteran, comes to the...
People
Mar 6 2017 // Bruce Carnegie-Brown will become the chairman of Lloyd’s following a meeting of the Council of Lloyd’s where his appointment as successor to John Nelson was approved unanimously. His appointment also was...
Nationwide Says Extreme Weather Brings Bigger Claims, Need for Disaster Plans
Mar 2 2017 // More extreme weather has led to more extreme insurance claims in the U.S. over the past few years. In a review of more than 100,000 commercial catastrophe claims during a 10-year period, Mark A. Anderson, a claims...
Homeowners in South Carolina County Seek Buyout of Flooded Property
Feb 21 2017 // More than two dozen Lexington County, S.C., residents are ready to sell their homes rather than repair the flood damage. The State newspaper reported that 28 homeowners are asking county officials to buy and demolish the...
Texas Governor Deems Hailstorm Litigation ‘Lawsuit Abuse’
Feb 20 2017 // In his state of the state address, Texas Gov. Greg Abbott gave a boost to the insurance industry’s effort to get legislation passed that would place limits on post-hailstorm litigation. Calling lawsuits against...
Texas Supreme Court Sides with Policyholder in Ike-Damaged Property Case
Feb 20 2017 // When is a fence a “dwelling” structure for insurance coverage purposes and when is it an “other structure?” The Texas Supreme Court, relying on disputed language in a Liberty Mutual Insurance Co....
Wraight, New Director of Academy of Insurance, Focuses on Learning Customers’ Needs
Feb 15 2017 // Patrick Wraight has been named the director of the Insurance Journal Academy of Insurance, a leading property/casualty insurance learning center that is part of the Wells Media Group. Wraight, an Army veteran, comes to the...
Miller Hires Richards (from Guy Carpenter) for Its Facultative Property Team
Feb 14 2017 // Miller Insurance Services has expanded its facultative property team with the appointment of experienced broker and producer Damian Richards. Richards will work with the team in London and colleagues across Miller to...
Neon Names AlphaCat’s Pritchard as Head of Property Reinsurance
Feb 13 2017 // Neon has appointed Nick Pritchard as head of Property Reinsurance. Pritchard initially will be based in Neon’s Bermuda office and will oversee the growth of Neon’s property reinsurance operations across both...
Texas High Court Sides with Policyholder in Ike-Damaged Property Case
Feb 13 2017 // When is a fence a “dwelling” structure for insurance coverage purposes and when is it an “other structure?” The Texas Supreme Court, relying on disputed language in a Liberty Mutual Insurance Co....
CNA CEO Robusto ‘Back in the Game,’ Sees Room for Improvement in 2017
Feb 6 2017 // CNA reported fourth quarter and full year 2016 results, with its new CEO indicating that while there is a strong foundation at the insurer, the company has work to do in improving underwriting discipline and results and...
Get Ready for Another Year of ‘Cautious Optimism’ Predict P/C Executives
Feb 6 2017 // A panel of financial experts discussed the opportunities and challenges they see ahead in 2017 at the Insurance Information Institute’s (III) 21st Annual Property and Casualty Insurance Joint Industry Forum. The...
