Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
How Kilkenny and Kimmel Have Grown K2 Insurance Services
Sep 19 2016 // Pat Kilkenny and Bob Kimmel put the K’s in K2 Insurance Services five years ago. That’s when they began using their combined 60 years of insurance experience to work buying up and developing businesses with the...
Towergate Creates London Underwriting Unit; Leathem Named Director
Sep 14 2016 // Insurance intermediary Towergate is forming a London underwriting centre to be led by David Leathem as London director of underwriting. The unit will focus on specialist London market product lines. Leathem will lead the...
Cat-Insurance Data Provider PERILS Expands Into Australia
Sep 13 2016 // PERILS, the independent Zurich-based company providing industry-wide catastrophe insurance data, has extended its market coverage to include Australia. PERILS now provides market-wide property sums insured that are exposed...
Casualty Losses and Cyber, Crop, Property Demand Driving Reinsurance Growth: Aon
Sep 12 2016 // Reinsurance demand has increased over the past 18 months, with the cession ratio across the global property/casualty insurance industry registering a small rise for the first time in several years, and the trend expected...
Fitch: No Credit Implications for Florida State-Run Insurers From Hermine
Sep 7 2016 // Hurricane Hermine, the first hurricane to make landfall in Florida in 11 years, is not likely to have a significant impact on the financial condition of the Florida Hurricane Catastrophe Fund (FHCF) or Citizens’...
Filling the Gap in Contractors Professional and Pollution Liability
Sep 6 2016 // Coverage Part A of the Commercial General Liability (CGL) policy is limited in scope, extending coverage to claims arising out of only bodily injury (BI) and/or property damage (PD). Couple Part A’s limited scope...
South Carolina High Court: Reimbursement Not Required When Police Damage Property
Sep 2 2016 // South Carolina isn’t required to reimburse private property owners for damage by law officers doing their jobs, the state Supreme Court ruled Wednesday. The 3-2 ruling involves the takeover of a Spartanburg...
Northeast Could See Impact of Tropical Storm Hermine After Months of Drought
Sep 1 2016 // Over the past several months, the Northeastern U.S. has experienced abnormally dry conditions leading to a drought that could last into the fall. Now, it is facing a different problem with the looming risk of heavy rain...
Commentary: It is a Catastrophe that No One Listens to the Experts on Florida
Sep 1 2016 // “If you don’t read the newspaper, you are uninformed. If you do read the newspaper, you are misinformed.” Although the author is unknown, this comment is often attributed to Mark Twain or Thomas...
How Kilkenny and Kimmel Have Grown K2 Insurance Services
Sep 1 2016 // Pat Kilkenny and Bob Kimmel put the K’s in K2 Insurance Services five years ago. That’s when they began using their combined 60 years of insurance experience to work buying up and developing businesses with the...
Metal Theft Remains an Expensive Problem for Insurance Industry
Aug 26 2016 // Metal theft became a growing concern post financial crisis due to rising global demand for scrap metal, and although economic conditions have slowed demand recently, this expensive crime is still causing headaches for the...
Endurance Global Risk Solutions Adds Workers’ Comp Product
Aug 24 2016 // Endurance Specialty Holdings Ltd., a Bermuda-based specialty provider of property and casualty insurance and reinsurance, has launched a new workers’ compensation insurance product for its Global Risk Solutions...
1347 Property Insurance Holdings Expects Losses from Louisiana Storms
Aug 23 2016 // 1347 Property Insurance Holdings Inc., which offers specialty property/casualty insurance through its subsidiary, Maison Insurance Co. (Maison), said it expects to incur losses from claims related to damage from the recent...
Tornado Causes Property Damage in Michigan but No Injuries or Deaths
Aug 22 2016 // A storm that appeared to spawn at least one tornado slammed parts of western Michigan on Saturday, causing extensive damage but no injuries or loss of life, authorities said. State Police spokesman Dale Hinz said damage...
The Top 10 Things Sharp Brokers Should Consider When Placing Cyber Liability
Aug 22 2016 // The insurance marketplace for cyber liability is constantly evolving. Technology is always improving, the level of data security and awareness is escalating and the tools used by the criminals and the bad actors are...
Florida Insurers UPC Insurance, American Coastal Insurance Enter Merger Agreement
Aug 18 2016 // United Insurance Holdings Corp. (UPC Insurance), a property and casualty insurance holding company, has entered into a merger agreement with RDX Holding, LLC, the parent of American Coastal Insurance Co. (ACIC or American...
Endurance Global Risk Solutions Launches Environmental Liability Products
Aug 17 2016 // Endurance Specialty Holdings Ltd. has launched a new series of environmental liability insurance products, offering both primary and excess coverage for single sites or property portfolios. Endurance’s new products...
Florida-Based UPC Insurance Appoints St. John as Chief Claims Officer
Aug 16 2016 // United Insurance Holdings Corp. (UPC Insurance), a property and casualty insurance holding company, appointed Scott St. John as its chief claims officer effective August 22, 2016. St. John will be responsible for directing...
Allianz Group’s AGCS Names Property, Engineering & Risk Consulting Senior Leaders
Aug 15 2016 // Allianz Global Corporate & Specialty SE (AGCS) has announced senior underwriting appointments in property and engineering as well as risk consulting. Thierry Portevin will take over the role of global head of Property...
Florida Homeowners Insurer Olympus Adds Newby as VP of Claims
Aug 15 2016 // Olympus Insurance Co., a Florida homeowners insurer, has appointed Martin Newby as vice president of Claims. Newby will serve as Olympus’ senior claims executive responsible for the development, implementation,...
