Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
Ironshore to Raise Capacity Limits to $50M for Builder’s Risk Property Products
May 5 2015 // Bermuda-based Ironshore Inc. announced its global property division will raise capacity limits for builder’s risk products to $50 million, an increase from the current $35 million limit, effective...
Louisiana’s Eagan Insurance: Carrying on a Family Tradition
May 5 2015 // Marc Eagan says he’s fortunate that his four children grew up in and around the insurance business. For Eagan, president of Eagan Insurance Agency located in the New Orleans-area, it means his firm is well-situated...
IFG Cos. Names Denton Executive Managing Director in California
May 4 2015 // IFG Cos. has named Michael R. Denton executive managing director in property. He is based in IFG’s Irvine, Calif. office. Denton assumes responsibility for leading and managing the brokerage property division,...
‘Hungry’ Insurers Continued to Cut Commercial Prices in Q1: CIAB
May 4 2015 // Insurance brokers report that the commercial property/casualty market continued to soften in the first quarter of 2015, with large accounts seeing the biggest price declines. On average, small, medium and large accounts...
Property Claim Litigation Bill Passed by the Texas Senate
May 1 2015 // The Texas Senate on April 30 passed a bill aimed at stemming the onslaught of property claim litigation that has been occurring with increasing frequency in the state following natural catastrophes. Advocates of Senate...
AIG’s Commercial Lines Improves in Q1
May 1 2015 // American International Group Inc.’s reported good news in its commercial lines business during the first quarter that was partially offset by low interest rates and weak investment returns. AIG on Thursday reported...
Validus Reports $173.4M Q1 Net Income, Up From $162.4M in Q1 2014
May 1 2015 // Bermuda-based Validus Holdings Ltd. reported net income available to Validus of $173.4 million, or $1.98 per diluted common share, for the three months ended March 31, 2015, compared to $162.4 million, or $1.66 per diluted...
Flood, Flood, or Flood: What is Really Meant When a ‘Flood’ Loss is Reported? – Part I
Apr 29 2015 // Part I “We’ve had a flood,” says the commercial insured. “Oh, no!” the agent says as he quickly reviews the file documentation to confirm whether flood coverage was even offered. Then the key...
‘Hungry’ Insurers Continued to Cut Commercial Prices in Q1: CIAB
Apr 23 2015 // Insurance brokers report that the commercial property/casualty market continued to soften in the first quarter of 2015, with large accounts seeing the biggest price declines. On average, small, medium and large accounts...
How to Manage Risk of Valuable Properties Concentrated in Coastal Areas
Apr 21 2015 // U.S insured property values as of 2014 exceed $90 trillion, but the bulk of that is increasingly concentrated in vulnerable coastal areas. With that in mind, new risk metrics could better help monitor exposures, Karen...
ACE Expands Liability Coverage for Assisted Living, Long Term Care Facilities
Apr 21 2015 // ACE Group has introduced four new medical liability coverage endorsements, designed to provide more comprehensive protection to the expanding long term care healthcare sector. The new endorsements include: media event...
Texas’ Residual Property Insurance Markets Hit with Severe Weather Claims
Apr 20 2015 // The Texas Windstorm Insurance Association (TWIA) and Texas FAIR Plan Association (TFPA) began responding to policyholders impacted by the severe weather that affected a number of Texas communities last week and over the...
TWIA to Begin Agency Documentation Verification Survey on May 1
Apr 20 2015 // The Texas Windstorm Insurance Association alerted agents that as of May 1, 2015, TWIA would begin implementing an agency compliance program in order to verify agent documentation of private insurer coverage declinations...
Aspen Insurance, Starr Companies to Form Joint Europe Property Venture
Apr 17 2015 // Bermuda-based Aspen Insurance, the insurance segment of Aspen Insurance Holdings Limited, and Starr Companies announced that they have “signed a memorandum of understanding under which both parties will enter into a...
Validus Holdings Promotes 3 Underwriting Execs in Bermuda
Apr 15 2015 // Validus Reinsurance, Ltd., a wholly owned subsidiary of Validus Holdings, Ltd. has announced a number of underwriting promotions in its Bermuda office, “strengthening the capabilities and breadth of its global...
Trunk Joins Lighthouse Property Insurance in the Carolinas
Apr 15 2015 // Lighthouse Property Insurance Corp. has hired George Trunk as senior marketing representative of both North and South Carolina. George Trunk Trunk comes to Lighthouse with more than 28 years of experience in the insurance...
Ironshore Global Property Raises Energy Sector Capacity Limits to $35 Million
Apr 14 2015 // Bermuda-based Ironshore Inc. announced that its Global Property Energy division will increase its capacity limits from $25 million to up to $35 million, effective April 2015. Ironshore said the increase would “be...
Pipeline Developer Sues More Than 100 West Virginia Property Owners
Apr 6 2015 // More than 100 property owners in West Virginia are being sued by the developer of a proposed natural gas pipeline. Mountain Valley Pipeline LLC’s lawsuit seeks access to the properties to conduct a survey for a...
Louisiana’s Eagan Insurance: Carrying on a Family Tradition
Apr 6 2015 // Marc Eagan says he’s fortunate that his four children grew up in and around the insurance business. For Eagan, president of Eagan Insurance Agency located in the New Orleans-area, it means his firm is well-situated...
Freedom Specialty, IPISC to Offer Intellectual Property Insurance Products
Apr 2 2015 // Freedom Specialty’s Programs underwriting has partnered with Intellectual Property Insurance Services Corp. (IPISC) to offer intellectual property insurance products. The policy offers broad coverage provisions for...
