Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
Prime Insurance Company and Prime Property & Casualty Insurance Inc. Announces the Appointment of New Board Member
Feb 23 2022 // Ms. Richards states, “It is an honor to serve a carrier so dedicated to fighting for justice on behalf of our insured partners.” Chicago, IL, February 23, 2022 — Rick J. Lindsey, President, CEO and Chairman...
8th Circuit: Insurer Owes Nothing to Arkansas Man Who Lied on Proof of Loss Statement
Feb 23 2022 // After his house burned down in 2015, Rick Merechka turned in a sworn proof of loss statement telling his insurance company that the replacement value of his household goods was $607,640. But in December 2010, Merechka and...
Florida Appeal Courts Side with Insurers in Attorney Fees, AOB and PIP Cases
Feb 23 2022 // From attorneys’ fees to water damage to reimbursement limits in no-fault auto insurance, Florida appeals courts have sided with insurers in several cases in recent days. Here’s a look: Attorney Fees and Another...
Another Big Insurer Stops Writing Homeowners Policies in Florida
Feb 21 2022 // The Florida property insurance market is showing more signs of trouble, with one of the state’s largest carriers deciding to stop writing new homeowner business in the state — while also asking for a rate...
Climate Change Could Push Flood Losses in U.S. to $40B by 2050
Feb 17 2022 // Climate change could result in the financial toll of flooding rising by more than a quarter in the U.S. by 2050, according to new research. The research, led by the University of Bristol and published in Nature Climate...
People Moves: Conduit Re Names Roberts CUO; Brit Appoints Hodgkins as Cyber Underwriting Consultant; Oneglobal Hires Gallagher’s de Lima as CEO, Andean Region
Feb 15 2022 // This edition of International People Moves details appointments at Conduit Re, Brit Ltd. and Oneglobal Broking. A summary of these new hires follows here. Conduit Re Names Roberts as Chief Underwriting Officer Greg...
Another Big Insurer Stops Writing Homeowners Policies in Florida
Feb 8 2022 // The Florida property insurance market is showing more signs of trouble, with one of the state’s largest carriers deciding to stop writing new homeowner business in the state – while also asking for a rate increase...
Insurance Technology: Betterview Features Defensible Space; Clara Analytics Tackles Commercial Auto; Ascend Raises $30M for Premium Finance
Feb 8 2022 // Betterview, an insurtech provider of property intelligence to property/casualty insurance companies, now has available what it calls its Defensible Space feature that enables insurers using the company’s Remote...
People Moves: QBE Promotes Shallow as Head of Marine; Beazley Names MS Amlin’s Hunter for Open Mkt. Property; TigerRisk Hires Liberty’s Hodges for Analytics, Int’l
Feb 8 2022 // This edition of International People Moves details appointments at QBE, Beazley and TigerRisk Partners. A summary of these new hires follows here. QBE Promotes Shallow as Head of Marine QBE has appointed Kevin Shallow as...
Global Commercial Insurance Rates Keep Moderating, With Exception of Cyber: Marsh
Feb 2 2022 // Global commercial insurance prices increased 13% in the fourth quarter of 2021, a decline from the 15% increases seen in both the second and third quarters, according to Marsh’s latest Global Insurance Market...
People Moves: Liberty GTS Expands in Europe; AEGIS London Promotes Yeldham to CUO; Brit Names Argo’s Allen, MAP’s Poynder for Property Facilities Team
Jan 28 2022 // This edition of International People Moves details appointments at Liberty Global Transactions, AEGIS London and Brit Ltd. A summary of these new hires follows here. Liberty Global Transaction Solutions Expands European...
UK Regulator to Review ‘Crippling’ Post-Grenfell Property Insurance Costs
Jan 28 2022 // Property insurers have forced “crippling costs” onto residents of apartment blocks in the aftermath of the Grenfell disaster, the U.K. government said as it requested a review of the market. Some residents in...
Florida Senator Tries Cat Fund Changes to Cut Cost of Property Insurance
Jan 28 2022 // Seeing no action on bills that would address Florida’s spiraling property insurance problems head-on, one state senator took a different route Thursday and proposed reducing insurers’ payments to the...
Multi-Family Property Insurtech Honeycomb Raises $15.4 Million, Plans Expansion
Jan 19 2022 // Digital insurance provider Honeycomb announced it has raised $15.4 million in a Series A funding and plans to expand into more states. The reinsurance-backed managing general agent (MGA) touts a technology stack for...
Jamey Schoenhard Promoted to VP, Underwriter of Specialty Property Program Team at Breckenridge Insurance
Jan 14 2022 // IRVING, Texas, January 14, 2022 — Breckenridge Insurance announces the promotion of Jamey Schoenhard to vice president, underwriter of the specialty property program team. Schoenhard has twelve years of experience in...
Citizens Starts Massive Florida Property Inspection Program This Month
Jan 11 2022 // Citizens Property Insurance Corp. is reminding agents that it is greatly expanding the number of property inspections, starting this month, in an effort to reduce its exposure. The inspections will come at no cost to the...
Southeast Lawmakers Meet This Week with Comp, Captive and Property Insurance Bills on Their Plates
Jan 11 2022 // Legislatures in most Southern states convene this week and dozens of insurance-related bills are now in the hoppers. Here’s a look at some of the measures that have been filed, which could affect property and...
Arch Re Promotes Moeller to CEO, With Bongiorno, Hackett as CUOs; Brit Hires Hiscox’s Allchorne, Aviva’s Wells for N. America Open Market Property Team
Jan 7 2022 // This edition of International People Moves details appointments at Arch Re and Brit. A summary of these new hires follows here. Arch Re Promotes 3 in Leadership Team Arch Reinsurance Co. (Arch Re Co.) announced several...
Miami Court Finds IDS Property Insurance Withheld Data on PIP Cases
Dec 29 2021 // In a class-action lawsuit that could affect no-fault auto insurance companies around the country, a Miami judge has sanctioned an insurer for willfully failing to turn over data that could show it was inappropriately...
People Moves: WTW’s Swift Joins London Market Group Board; Carbon Underwriting Hires Antares’ Coates; Dale Underwriting Names ArgoGlobal’s Turner for Property
Dec 14 2021 // This edition of International People Moves details appointments at the London Market Group, Carbon Underwriting and Dale Underwriting Partners. A summary of these announcements follows here. WTW’s Swift Joins Board...
