Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
People
Sep 19 2011 // XL Insurance has made six key appointments to its North America Construction team. The latest additions to XL Insurance’s North America construction team include: Lawrence Lejfer — Vice president and senior...
How Can Insurance Agents Help the Texas Fire Victims?
Sep 13 2011 // As fires tear through Texas, businesses and homeowners struggle to determine their losses. According to the Insurance Council of Texas, this year’s fire losses are Texas’ worst on record. The Texas Forest...
Global Property Insurance Market Remains Volatile: Aon Benfield
Sep 12 2011 // In terms of global underwriting volatility, the property insurance market remains substantially more volatile than other major lines. In Germany and Spain property is nearly twice as volatile as motor, the most stable...
Wm. Gallagher Appoints Bardelli Senior VP for Property/Casualty
Sep 6 2011 // Boston-based broker and service provider William Gallagher Associates (WGA) announced that David Bardelli has joined the firm as a senior vice president in the property/casualty practice. He will serve as the new casualty...
People
Sep 5 2011 // David J. Bresnahan has been named president of Lexington Insurance Co., the surplus lines unit of Chartis Insurance. He is succeeding Peter Eastwood, who is moving into his new role as president and chief executive officer...
Lexington Expands Spoliation Insurance Product
Sep 1 2011 // Lexington Insurance Co., a Chartis company, has made its spoliation insurance endorsement available to an array of insureds, including lawyers, accountants, testing facilities, and document and property storage facilities....
Forecast: Few Insured for Irene’s Losses in Connecticut
Aug 31 2011 // Only about 30 percent of property losses inflicted by Tropical Storm Irene in Connecticut will be covered by insurance, according to an estimate by a consulting group that said less will be covered compared to previous...
Insurance Industry Mobilizes for Hurricane Irene Claims
Aug 26 2011 // In addition to advising their policyholders on what to do to protect against Hurricane Irene, property/casualty insurers and brokers are themselves taking precautions—and positioning their claims teams for the...
XL Names Beauregard to Lead E&S Property Unit
Aug 26 2011 // XL Insurance named Ronald E. Beauregard Jr. as senior vice president and chief underwriting officer for its excess and surplus (E&S) property business. Based in Boston, Beauregard reports to Roxanne Mitchell, president...
Irene Causes Extensive Property Damage on Smaller Islands in the Bahamas
Aug 26 2011 // Large and powerful Hurricane Irene roared across the Bahamas archipelago on Wednesday, knocking down trees and destroying homes on a path that officials said posed the greatest threat to the country’s smaller,...
North Carolina Property Insurance Surcharges Unlikely After Irene
Aug 25 2011 // Every property owner in North Carolina has a financial stake in the damage risk posed by Hurricane Irene, which could become the first to hit the state since a new method of paying for coastal storm damage allowed for...
Is It Time to Consider Earthquake Insurance?
Aug 25 2011 // Earthquakes and California go together. Or at least that’s what most of the country thought until Tuesday’s East Coast earthquake centered in Virginia. Reports of the earth moving were widespread, coming from...
Mercury Hires New Property Field Adjusters
Aug 23 2011 // Los Angeles-based Mercury Insurance is hiring 63 full-time property claims employees in its California, Texas, New Jersey and New York offices to support its growing customer base. Mercury’s homeowners business has...
No Punitive Damages After Wrongdoer’s Death, Iowa Supreme Court Affirms
Aug 22 2011 // Punitive damages may not be recovered from the estate of a “wrongdoer,” the Iowa Supreme Court has ruled. The Court’s decision in a case involving a damage dispute between rural land owners upholds a...
XL Names 6 to North America Construction Team
Aug 17 2011 // XL Insurance has made six key appointments to its North America Construction team that it established a year ago. The latest additions to XL Insurance’s North America Construction team include: Lawrence Lejfer...
New Rating and Policy Bureau Breaks Ground With Injudicious Exclusion
Aug 15 2011 // Editor’s Note: This article originally appeared in Insurance Journal’s Satire Issue, August 15, 2011. The content in this issue is not real and is not to be taken seriously. It’s supposed to be humorous....
Lloyd’s: Drought Caused Subsidence Costliest Natural Hazard in Parts of Europe
Aug 9 2011 // An article on the Lloyd’s web site notes that “news reports on climate change have focused on dire predictions of more hurricanes and increasing flooding due to rising sea levels. But subsidence caused by...
XL Insurance Appoints Western Property Executive
Aug 5 2011 // XL Insurance has appointed Wade Pitman as senior vice president and Western senior executive for property. Pitman will be based in Los Angeles and will be responsible for managing property underwriting activities in...
Swiss Re Posts $960 Million Q2 Net Income; Combined Ratio 78.4%
Aug 4 2011 // Swiss Re reported Group net income increased by 18 percent to $960 million in the second quarter of 2011, compared to $812 million in the same period of 2010. “All segments contributed to these positive results,...
People
Aug 1 2011 // Wholesaler Swett & Crawford has added Ricky Dawson to its casualty staff in New York. Dawson, who has a background in both insurance wholesale brokerage and underwriting, previously served as a wholesale broker with...
