Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
Topel Joins Hays Cos. in Chicago as President of Property/Casualty
Jan 6 2015 // Hays Companies announced Steve Topel has joined its Chicago operations as president of property and casualty. He will be responsible for spearheading new business development, overall office leadership, and recruiting...
Atlas General Insurance Services, LLC, Announces Addition of New Binding Agreement for Its Property DIC Division
Jan 6 2015 // San Diego, CA, January 6, 2015: Atlas General Insurance Services, LLC, a national multi-line program manager, is pleased to announce the addition of a new binding agreement for its Property DIC Division. The agreement,...
Aon’s Andler to Lead Lockton’s Property Practice
Jan 5 2015 // Insurance broker Lockton has named industry veteran Michael Andler as executive vice president and head of its U.S. property insurance practice. Andler will operate from Lockton’s New York office. Andler joins...
Global Indemnity Completes Purchase of American Reliable
Jan 5 2015 // Dublin-based Global Indemnity plc’s U.S. affiliate said it has completed its previously-announced purchase of American Reliable Insurance Co. from Assurant Inc. In a transaction valued at approximately $394,000,000,...
Aon Benfield 2015 Reinsurance Outlook Notes ‘Financial Security’ Strength
Jan 5 2015 // The roller coaster ride engendered by the entry of large amounts of alternative capital into the reinsurance market – originally seen as a threat – has turned out to be a major factor in strengthening the capital...
Mass. FAIR Plan Expands to Include Writing of Dwelling Liability Coverage
Dec 30 2014 // The Massachusetts Property Insurance Underwriting Association (MPIUA) — also known as the Massachusetts FAIR Plan — will be expanded to include the writing of dwelling liability coverage, effective Jan. 7,...
The Two Year Reduction in Natural Hazard Damage: A Long-Term Trend?
Dec 29 2014 // This post is part of a series sponsored by CoreLogic. Natural hazards continue to pose a significant risk to properties in the United States and abroad. As we near the close of 2014, it is important to take time to...
South Louisiana Property Owners not Happy with Levee Plan
Dec 18 2014 // A levee proposal by the North Lafourche Levee District in Louisiana is receiving flak from landowners who aren’t pleased with updated plans, causing the project to stall. A section of the Lockport to Larose levee...
Audit: Louisiana School District Missing Property Worth $7M
Dec 16 2014 // The state-managed Recovery School District can’t locate $7 million in property, things like computers and equipment, a repeated problem across the school system, according to a Louisiana legislative audit released...
Florida’s Universal Insurance Raises $19M in Stock Deal
Dec 15 2014 // Florida’s largest private insurer has raised $19 million through a privately negotiated stock deal with an investment firm that specializes in natural catastrophe reinsurance and weather risk. Universal Holdings Inc...
Competition Ahead for Insurers
Dec 15 2014 // U.S. property/casualty insurers have cause for celebration as carriers reported higher overall earnings and premium levels in the 2014 third quarter versus the same period a year ago. Yet, at the same time Moody’s...
Deadline Looms for Louisiana Citizens Property Insurance Rebate
Dec 5 2014 // The Louisiana Department of Insurance is reminding property insurance policyholders about the upcoming deadline to claim a Citizens Property Insurance Corp. (Citizens) assessment rebate on their policies. Commissioner of...
Moody’s to P/C Insurers: Beware Weather, Competition in Months Ahead
Dec 3 2014 // U.S. property/casualty insurers can celebrate higher overall earnings and premium levels in the 2014 third quarter versus the same period a year ago, Moody’s Investors Service said in a new report. At the same time,...
CoreLogic: Taking Big Data Analytics to New Customers and Consumers
Dec 2 2014 // Imagine an insured taking a photo of a property that gives underwriters every bit of information they need to assess the risk. CoreLogic is working to make that happen sooner rather than later. CoreLogic, a provider of...
A.M. Best: Buffalo Snowstorm Impacts Regional Property Writers
Dec 1 2014 // Ratings agency A.M. Best said there is potential for some insurers — particularly the small, geographically concentrated writers — that were impacted by the recent snowstorm in and around Buffalo, New York, to...
2014 State Specialist P/C Insurers Revealed
Dec 1 2014 // The Demotech Company Classification System categorizes insurers into one of 11 categories based on an analysis of data reported by the companies to the National Association of Insurance Commissioners (NAIC). The 11...
Conn. Court: Town Liable for Icy Sidewalk Slips
Dec 1 2014 // Connecticut’s Supreme Court ruled that property owners can’t be sued for injuries suffered when someone slips on an icy sidewalk in front of their home or business, unless their town has a specific law making...
Five Arrested in Alleged Staged Accident Scam in North Carolina
Nov 30 2014 // North Carolina insurance officials reported the arrests of five people from Fayetville in an alleged insurance fraud scheme involving a staged auto accident in Cumberland County. Department of Insurance criminal...
Thibodeaux Joins Texas-Based Southwest Risk
Nov 21 2014 // ClearView Risk Holdings LLC, the holding company of Texas-based Southwest Risk LP, announced that Chad Thibodeaux has joined Southwest Risk as a property/inland marine broker. Thibodeaux began his insurance career with...
How Carriers Are Handling Property Cat Renewals, Terrorism, Ebola: NAPCO
Nov 21 2014 // Property/catastrophe insurers have been focused on winning new business, which means new customers are seeing bigger price cuts, according to a market report from a wholesale broker specializing in catastrophe risk...
