Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
Nonemployee ‘Employees:’ The Borrowed Servant Doctrine – Part II
Apr 1 2015 // Part I of this “nonemployee, employee” mini-series introduced the three types of “employers” and began the discussion regarding what constitutes or creates control. Part II completes the...
PERILS Updates Insurance Industry Exposure Database & Adds Austria
Apr 1 2015 // Catastrophe insurance data provider PERILS AG announced the release of the 2015 update for its Industry Exposure Database (IED), “contains updated market-wide property sums insured for European windstorm for the...
ACE Creates International Excess Unit in Asia Pacific; Appoints Sexton
Mar 31 2015 // ACE Group has created a new business unit – ACE International Excess (AIE)– to provide commercial property insurance on an excess basis for large companies in the Asia Pacific region. The new business unit will be...
ACE Promotes Gandon, Etherington in Global Accounts for UK & Ireland
Mar 25 2015 // ACE Group has made two appointments within its Global Accounts segment: Ed Gandon, casualty manager, UK & Ireland, and Gary Etherington, property manager, UK & Ireland, as it continues to invest in servicing larger...
Crack on Texas Cliff Where House Fell Puts Homes, Boaters at Risk
Mar 23 2015 // Steve Mellgren’s worries began when a chunk of land near his house crumbled down a cliff, leaving his neighbor’s palatial home dangling above a lake before a demolition crew sent it tumbling into the water. One...
Wildfire in 2015: What to Expect?
Mar 23 2015 // The past two years did not result in the amount of wildfire activity that many wildfire scientists, foresters and fire responders had expected. Looking back, the 2013 season had the earmarks of a bad year, with the...
Wildfire in 2015: What to Expect?
Mar 21 2015 // The past two years did not result in the amount of wildfire activity that many wildfire scientists, foresters and fire responders had expected. Looking back, the 2013 season had the earmarks of a bad year, with the...
China’s Fosun and Ping An Insurance Vying to Buy $1.6 Billion Berlin Complex
Mar 19 2015 // Fosun International Ltd., backed by Chinese billionaire Guo Guangchang, is vying with Ping An Insurance (Group) Co. to acquire 18 buildings on Berlin’s Potsdamer Platz square, people with knowledge of the matter...
Bishop Joins Southwest Risk in Dallas as VP, Property Broker
Mar 19 2015 // Jim Bishop has joined Southwest Risk LP as a vice president and property broker. Bishop has more than 30 years of experience in the insurance industry with extensive knowledge of the marketplace in the central United...
CoreLogic Releases Property Risk Assessment Platform
Mar 18 2015 // CoreLogic, a global property information, analytics and data-enabled services provider, has released RCT Express 4.2, an expanded property risk assessment platform offering the insurance industry a fully-integrated and...
Boston Bombing Lesson: Risk Managers Urge Better ‘Terror Act’ Certification
Mar 18 2015 // Citing uncertainty following the Boston Marathon bombing almost two years ago, risk managers are urging the federal government to set a deadline for certifying if an event is an act of terrorism and also use...
ACE Promotes Sedov as Head of Property Risk Engineering for Eurasia & Africa
Mar 17 2015 // ACE has promoted Andrey Sedov to the newly created position of head of property risk engineering for Eurasia and Africa, as the company continues to build its risk management capability for clients across its newest...
Louisiana Citizens Property Insurance CEO Resigns Unexpectedly
Mar 16 2015 // The chief executive officer of state-backed Louisiana Citizens Property Insurance Corp. abruptly resigned following a closed session of the insurer’s board of directors to discuss personnel matters. The Advocate...
Sedgwick to Oversee Louisiana Property/Casualty Self-Insurance Program
Mar 16 2015 // A new private contractor is being hired to oversee claims processing and loss prevention services for Louisiana’s self-insurance program. The Office of Risk Management announced that Sedgwick Claims Management...
Florida Ends Citizens Assessment Two Years Ahead of Schedule
Mar 10 2015 // Florida’s insurance regulators are two years ahead of schedule in ending an assessment used to retire a bond issued by the state-backed property insurer Citizens following the eight-storm 2004-2005 hurricane...
Jury Verdict Favors Texas Insurer in Hidalgo County Hail Claim Case
Mar 9 2015 // A Texas-based insurance company has prevailed in the first lawsuit to go to trial over claims from two massive hailstorms in Hidalgo County, Texas, in 2012. The 12-member jury in Amaro v. National Lloyds found that...
Specialized Property Broker Tracy Anderson Joins Breckenridge Insurance Services
Mar 5 2015 // KENNESAW, GA, March 5, 2015 — Breckenridge Insurance Services, a leading specialty wholesale commercial brokerage firm, has hired Tracy Anderson as a property broker to its Atlanta-based team. Anderson brings nearly a...
Oklahoma Commissioner Warns Insurers on Denial of Earthquake Claims
Mar 4 2015 // With the dramatic increase in the number of earthquakes in Oklahoma — which some say are at least partly attributed to waste water injection wells related to the practice of hydraulic fracturing in oil and gas drilling...
MacNeill Group Selected to Grow Commercial Property and Casualty Business
Feb 27 2015 // Sunrise, FL, February 27, 2015 – MacNeill Group, a wholly-owned subsidiary of Team Focus Insurance Group (Team Focus), and a licensed managing general agent (MGA) specializing in commercial, personal, transportation and...
AIG Q4 Profit Drops on Debt Repayments, Reserve Charges
Feb 13 2015 // American International Group Inc., the largest commercial insurer in the U.S. and Canada, said profit declined 67 percent on costs to pay down debt and add to reserves. Net income fell to $655 million, or 46 cents a share...
