Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
AIG Increases Property Terrorism Capacity to $1B
Oct 26 2016 // American International Group, Inc. (AIG) has raised its property terrorism insurance limits globally to $1 billion. The larger capacity is available to clients on a stand-alone basis or as expanded limits within...
Fischer Named VP, Property/Casualty Service Leader at Hylant
Oct 26 2016 // Ohio-based privately owned insurance brokerage firm, Hylant, has named Debbie Fischer to the newly created position of vice president, property/casualty service leader. Most recently, she was vice president, client...
1.8 Million Western U.S. Homes at Extreme or High Wildfire Risk, Report Shows
Oct 26 2016 // Things haven’t gone as bad as they could have so far in 2016 coming off last year’s record-setting wildfire season in the Western U.S., according to a report out today detailing wildfire risks to properties in...
Neon Bermuda Taps Chubb’s Hunt to Become SVP, Property Insurance
Oct 24 2016 // Neon announced it has appointed Dwayne Hunt to the role of senior vice president – Property Insurance, in Neon’s Bermuda office. Neon said it opened a Bermuda office earlier this year to provide greater access...
1347 Property Insurance Holdings Rethinking Growth Strategy
Oct 18 2016 // 1347 Property Insurance Holdings (PIH), a property/casualty insurance holding company offering insurance to individual and commercial customers in Louisiana and Texas through its subsidiary, Maison Insurance Co. , is...
Hurricane Matthew May Be Gone, But Insurance Industry’s Work is Just Starting
Oct 14 2016 // It’s been nearly a week since Hurricane Matthew ravaged the Southeast coast but the insurance industry’s job of responding to the devastation and assessing the total cost of damage from the storm is just...
Everest Insurance Adds AIG, Starr Veterans to Wholesale Property Teams in Boston, Tampa
Oct 10 2016 // Following last week’s appointment of Christopher S. Curtin as head of Wholesale Property, Everest Insurance has made a number of additions to its wholesale property division. Maria Grace joins Everest as vice...
Florida Coast Clean Up After Matthew Underway
Oct 9 2016 // Joan Galasso walked through the empty wreck of the waterfront seafood restaurant she and her husband started a quarter-century ago and was horrified. Hurricane Matthew had ripped away the deck where tourists had gathered...
Fitch: Matthew Losses Manageable for Florida Property Insurers
Oct 7 2016 // Hurricane Matthew will pressure the earnings of some insurance underwriters in Florida and other southeast states but is not expected to present a major capital challenge, Fitch Ratings says. Fitch estimates that if the...
Everest Taps Former Lexington Exec Curtin to Head E&S Property
Oct 6 2016 // Christopher Curtin has joined Everest Insurance as head of Excess & Surplus (E&S) Property. Curtin joins Everest as vice president and National E&S leader, based in the Everest Insurance Boston office. He will...
Florida Approves Increases for Citizens Commercial Property Rates
Oct 4 2016 // The Florida Office of Insurance Regulation (OIR) has issued an order establishing the 2017 commercial property rates for Citizens Property Insurance Corporation. Rates are going up for all accounts except the Commercial...
Texas Insured Property Losses Setting Record in 2016
Sep 29 2016 // Damaging hail storms and wide-spread flooding have caused record setting losses for both homes and automobiles this year in Texas, according to a state insurance trade group. This year’s insured losses for the first...
North Carolina Woman Accused of Filing $42K Property Claim With 2 Companies
Sep 29 2016 // A woman in North Carolina has been arrested and charged with insurance fraud for allegedly submitting a duplicate property claim, according to North Carolina Insurance Commissioner Wayne Goodwin. Kathryn Taylor Reynolds,...
Rash of Property, Auto Fires in Arkansas Town Thought to Be Arson
Sep 27 2016 // Police in Helena-West Helena, Ark., say six separate fires that caused about $120,000 in property damage are being investigated as arson. The first occurred on Friday close to a public housing development where...
The State of Property Crime in U.S.
Sep 27 2016 // Property crimes resulted in losses of $14.3 billion in the U.S. in 2015, with $4.9 billion of those losses due to motor vehicle thefts, according to the FBI’s Uniform Crime Reporting (UCR) Program. The FBI report,...
Ponderosa Insurance Introduces Self-Storage Property & Liability Program
Sep 26 2016 // Ponderosa Insurance Agency has introduced a self-storage property and liability insurance available directly to U.S. self-storage operators that includes more coverage such as flood and California/Pacific Northwest...
Lloyd’s Insurer Advent Names Gray as Direct & Facultative Property Consultant
Sep 23 2016 // Lloyd’s insurer Advent has appointed Jonathan Gray as consultant for its direct & facultative (D&F) property division. He takes up his role with immediate effect and will report to Nigel Fitzgerald, CEO. Gray...
Appalachian Underwriters Adds Reilly as Property Broker in Florida Office
Sep 22 2016 // Appalachian Underwriters, Inc. has added a new property broker, Aaron Reilly, to the Sarasota, Fla., office. Reilly will be developing new business opportunities throughout the country in various property and casualty...
NIF Group Adds Property, Inland Marine Coverage to Luxury Homebuilders Program
Sep 21 2016 // NIF Group, Inc. and ProSight Specialty have added property and inland marine coverages to the Luxury Homebuilders and Remodelers Program currently available in Calif., Ariz., Nev., and Wash. The Luxury Homebuilders and...
Florida Regulators Approve Rate Increase for Citizens Policyholders
Sep 19 2016 // The Florida Office of Insurance Regulation approved a 6.4 percent overall rate increase for 2017 for Citizens Property Insurance Corp. homeowners’ multiperil policyholders across the state. According to Citizens, the...
