Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
Florida Issues Citizens’ 2016 Commercial Lines Rate Order
Sep 18 2015 // The Florida Office of Insurance Regulation has issued an Order establishing the 2016 commercial lines rates for Citizens Property Insurance Corporation (Citizens). The overall estimated statewide average rate changes are...
Intellectual Property News: KitKat, Williams Sonoma, Whole Foods, Skechers, Segway, GoDaddy, Apple
Sep 18 2015 // This wrap-up of recent intellectual property cases covers chocolate bar shapes, cookware designs, sneaker similarities, Korean TV copyright device, Quizno’s commercials, personal transporter technology, Oscar award...
Underinsurance of Property Is Growing Global Challenge: Swiss Re Report
Sep 15 2015 // The underinsurance of property risk – particularly natural catastrophe risks – has risen steadily over the past 40 years, even though claims payments have increased significantly during that period, according to Swiss...
Report: Florida Cities Most Vulnerable to Storm Surge
Sep 15 2015 // Four of the top eight cities most vulnerable to a major storm surge are located in Florida, according to a new report released by Karen Clark & Company (KCC). The 2015 “Most Vulnerable U.S. Cities to Storm Surge...
TDI Posts Summary of Bills Affecting Property/Casualty Insurers
Sep 9 2015 // The Texas Department of Insurance has produced a summary of various bills passed by the Texas Legislature this year that impact property/casualty insurance companies. Many but not all of the following were effective Sept....
Florida Approves Citizens’ 2016 Rates With Minor Adjustments
Sep 9 2015 // The Florida Office of Insurance Regulation has approved a slate of 2016 property insurance rates for Citizens Property Insurance Corp. In an order signed September 8 by Florida Commissioner Kevin McCarty, FLOIR set the...
ACE Names Leaders for New Chubb Business Units, Major Product Lines
Sep 8 2015 // ACE Limited today revealed the leadership teams for the company’s North American business units, including national accounts, middle market, small commercial, high net worth personal lines, wholesale/excess and...
Up to 280,857 More Policies Approved for Removal From Citizens
Sep 7 2015 // FLOIR has approved the removal of up to 279,357 personal residential policies and 1,500 commercial residential polices from Citizens Property Insurance Corp. by the following seven companies: Anchor Property &...
Hurricane Katrina: Every Number Tells a Story
Sep 7 2015 // In a 25-year span leading up to 2005, homeowners insurers in Louisiana wrote a total of $13 billion in homeowners insurance premium, from which they earned $1 billion in profit, according to the chief actuary at the state...
Top 3 Trends that Can Affect Residential Property Valuations
Sep 4 2015 // This post is part of a series sponsored by CoreLogic. Accurate property valuation is critical to insurers as well as homeowners. In the event that a property is undervalued, insurers lose out on premium revenue while the...
Surplus Lines Posts Record-Breaking Year for 2014
Sep 4 2015 // The surplus lines industry broke records in 2014, growing direct premium written (DPW) in 2014 to $40.2 billion — the highest point in history, reports A.M. Best’s “2014 Special Report U.S. Surplus Lines –...
Lighthouse Property Insurance Adds Gomez as Texas Marketing Rep
Sep 3 2015 // Lighthouse Property Insurance Corp., based in Orlando, Fla., appointed Maureen Gomez as marketing representative for Texas. With more than 22 years of experience in the insurance industry, Gomez has held marketing,...
Beecher Carlson Adds 2 to Northeast Property Operations
Sep 2 2015 // Beecher Carlson Insurance Services LLC, a specialized large account insurance broker and a wholly-owned subsidiary of Brown & Brown Inc., hired Molly Nolan as Northeast Property Practice leader in Boston and Evan Bull...
NFP Acquires Insurance Management Associates in New Jersey
Sep 1 2015 // NFP, a New York City-based provider of employee benefits, property/casualty insurance, retirement and wealth management services, announced today that it has acquired Insurance Management Associates (IMA) in Voorhees, New...
Penn. Advises Homeowners to Reduce Property Hazards, Avoid Coverage Loss
Sep 1 2015 // Pennsylvania Insurance Commissioner Teresa Miller is advising consumers that the Pennsylvania Insurance Department is available to help homeowners adhere to reasonable requests by insurers to make their properties safer...
Hiscox Appoints Giralt as Head of Property for Miami MGA
Aug 28 2015 // Specialist global insurer Hiscox has appointed John Giralt as head of Property for its Miami MGA operation. Joining from Catlin XL where he was a director covering the Americas, Giralt was responsible for managing the...
$198M in Property at High Risk from Chelan Wildfire in Washington
Aug 26 2015 // The massive Chelan wildfire in Washington poses a significant risk to roughly 634 homes with a total reconstruction cost of more than $198 million, an analysis of the ongoing fire issued Wednesday shows. The analysis by...
Hurricane Katrina: The Numbers Tell Their Own Story
Aug 26 2015 // In a 25-year span leading up to 2005, homeowners insurers in Louisiana wrote a total of $13 billion in homeowners insurance premium, from which they earned $1 billion in profit, according to the chief actuary at the state...
8 Ways Katrina Changed Commercial Property Insurance
Aug 21 2015 // Hurricane Katrina, which devastated New Orleans 10 years ago, is responsible for a number of changes in the commercial property insurance market. According to Rick Miller, U.S. property practice leader at Aon Risk...
Beyond Katrina: Lessons in Mitigation, Insurance and Community
Aug 21 2015 // Among the lessons to be learned from Hurricane Katrina are that communities and all stakeholders should prioritize flooding as the greatest risk, devote more resources to preventive measures rather than post-event disaster...
