Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
South Carolina Insurance Head Talks Lessons Learned After Historic Flood
May 31 2016 // This aerial photo show flooding around homes in the Carolina Forest community in Horry County, between Conway and Myrtle Beach, S.C. The state was pummeled in early October by a historic rainstorm that caused widespread...
Everest Re Names Berry as Head of International Property Facultative Unit
May 24 2016 // Everest Re Group Ltd. has appointed Sean Berry as vice president and head of the Reinsurance Division’s International Property Facultative unit. Based in Everest Re’s Miami office, Berry will be responsible for...
Miami-Dade Approves Water Citations for Property Owners in Zika Prevention Effort
May 24 2016 // Florida’s Miami-Dade County is stepping up enforcement to prevent the spread of mosquito-borne viruses, including Zika. County commissioners May 17 passed an ordinance allowing authorities to take “necessary...
Texas Regulators Seek Data on Residential Property Hail Litigation
May 23 2016 // The Texas Department of Insurance has issued a data call to gather information about the cost of weather-related residential property claims and the incidence of litigation of these claims. The Regulatory Policy Division...
2016 Super Regional P/C Insurers™
May 23 2016 // In order to continue the discussion regarding what constitutes a Super Regional P/C Insurer™ and to give definition to this important group of insurers, Demotech Inc. analyzed year-end 2015 data for property/casualty...
XL Catlin Hires Newick as Leader for Energy, Property & Construction Claims
May 23 2016 // XL Catlin announced the strengthening of its insurance claims team with the appointment of Oliver Newick to the position of global practice leader for Energy, Property & Construction Claims. Newick joins XL Catlin from...
Drones: An Emerging Market Quickly Taking Flight
May 23 2016 // So what is all the buzz about? Lately it is about unmanned aerial vehicles (UAV) or drones, which are emerging as a valuable component in a vast array of American businesses and markets. While UAVs are generally associated...
Insured Losses Mount in Ohio from April Storms
May 23 2016 // The Ohio Insurance Institute reports that preliminary estimates of an April storm outbreak caused insured property losses of up to $57.8 million in Ohio alone. Several other states, including Illinois and Indiana, were...
RMS Says $77B in San Francisco Property at Risk from Sea Level Rise by 2100
May 18 2016 // An analysis by catastrophe risk management firm RMS of economic risk to San Francisco’s property from future sea level rise found billions of dollars worth of property at risk. The analysis was used to inform the...
Ohio Insurer Group: April Storm Losses Estimated at $52.6-57.8M
May 12 2016 // The Ohio Insurance Institute reports that an early April storm that caused significant property losses in Ohio and several other states, caused as much as $57.8 million in insured losses in Ohio alone. According to the OII...
Gallagher Partners with Cardinus to Help UK Clients Cut Risk of Underinsurance
May 11 2016 // Arthur J. Gallagher* has partnered with independent specialist Cardinus Risk Management to offer its commercial property and property investor clients a cost-effective nationwide service that will help eradicate the risk...
Watercolor Management Adds Property Coverage for Water Treatment Companies
May 11 2016 // Watercolor Management, an Alabama-based managing general underwriter, will open new property underwriting facilities for water treatment businesses through an agreement with a new surplus lines carrier. The agreement...
Ratings of Financial American Property and Casualty Insurance Downgraded
May 3 2016 // A.M. Besthas downgraded the financial strength rating (FSR) to B++ (Good) from A- (Excellent) and the issuer credit rating (ICR) to “bbb+” from “a-” of Financial American Property and Casualty...
Special Report: Execs Warn of Impending Florida Market Crisis Over Water Loss Claims
May 3 2016 // Abuse of assignment of benefits (AOB) from water loss claims has become a full-blown Florida insurance crisis that will mean higher insurance rates next year and for the foreseeable future for every Florida policyholder,...
Who Moved Your Cheese? The End (for Now) of Market Cycles
May 2 2016 // The good news is that for the foreseeable future, with certain exceptions, you will not have to tell your clients their premiums are increasing 10 percent or more. Property/casualty carriers collectively, not necessarily...
Kinsale Insurance Hires Manahan to Lead E&S Property in Virginia
Apr 29 2016 // Stephen Manahan Kinsale Insurance Company, a domestic excess and surplus lines insurance company based in Richmond, Virginia, has hired Stephen Manahan as senior vice president of Excess & Surplus Lines Property. In...
Large Insurers Eager But Cautious About Drone Insurance Market
Apr 29 2016 // A growing number of insurance companies envision a large, robust insurance market for liability and property coverage associated with drone use. However, many insurers currently are proceeding with caution in light of...
2 Ohio Property/Casualty Insurers Approved to Operate in Arkansas
Apr 27 2016 // Arkansas Insurance Commissioner Allen Kerr has approved Ohio-based All America Insurance Co. (AAIC) and Central Mutual Insurance Co. (CMIC) to do business in the state. The companies now have the authority to offer...
Location Data: The New Fabric of Our Lives
Apr 25 2016 // This post is part of a series sponsored by CoreLogic. The Importance of Accuracy and Granularity when Navigating the World of Big Data When we think about data, all we have to do is look around to see its power at work....
Economic Property Damages of Japan Earthquakes to Cost $2.5B-$3.5B: RMS
Apr 25 2016 // RMS, the Newark, Calif.-based catastrophe risk management firm, estimated that economic property damage for both the April 15 moment magnitude (Mw) 7.0 earthquake and April 14 Mw6.4 earthquake in Japan’s Kumamoto...
