Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
Sinking Millennium Tower Leaves Property Insurance Questions
Oct 18 2021 // The Champlain Towers collapse in South Florida brought several issues to light regarding building safety. In the days following the collapse, people began to ask questions about the safety of these buildings and what...
U.S. Property Insurers Could be Facing $12.5B in Hidden Cyber Losses
Oct 12 2021 // The U.S. property insurance market is accumulating cyber exposures that could result in $12.5 billion in non-physical damage losses and cause capital adequacy ratios for some carriers to deteriorate. A study conducted by...
SiriusPoint Appoints Reinsurance Exec Heerasing; HDI Promotes Ogden as Director of Underwriting/Distribution; Besso Builds Property/Specialty Team With Hires From Tysers
Oct 12 2021 // This edition of International People Moves details appointments at re/insurer SiriusPoint, insurer HDI Global, and Lloyd’s broker Besso. A summary of these new hires follows here. SiriusPoint Appoints Top Reinsurance...
California FAIR Plan Files to Offer Property Coverage to Farms
Oct 6 2021 // The California FAIR Plan Association announced on Wednesday it has submitted a farm product rate filing to the California Department of Insurance ahead of a 90-day deadline. The deadline to make the filing was imposed in...
UAE Property Group Makes High Bid for Surfside Condo Site
Oct 5 2021 // A Miami judge has approved the contingent sale of the Surfside, Florida, property where a 12-story condominium building collapsed in June, killing 98 people. A Dubai-based billionaire bid $120 million to buy the property,...
People Moves: Lockton Hires WTW’s Danyluk as Head Int’l Property, Wholesale; HSB Promotes Prentice in Cyber; Apollo’s Ker Becomes Castel’s Head of Performance
Sep 30 2021 // Lockton Names WTW’s Danyluk as Head Int’l Property in Wholesale P/C Lockton, the world’s largest privately owned independent insurance broker, has appointed Andrzej Danyluk as head of International...
CoreLogic Completes Acquisition of Property Restoration Platform Next Gear
Sep 16 2021 // Property data firm CoreLogic said it has closed on its acquisition of Next Gear Solutions, a digital workflow platform for the property restoration industry. Next Gear Solutions, headquartered in Oxford, Miss., offers a...
China’s Regulator Probing Ping An Insurance’s Property Investments: Reuters
Aug 30 2021 // SHANGHAI — China’s banking and insurance sector regulator is probing Ping An Insurance Group Co. of China Ltd.’s investments in the property market, two people with knowledge of the matter said, after the...
People Moves: QBE Hires Swiss Re’s Mejia for LatAm Property U/W; Zurich Names Kasahara Chief Data Officer; Occam’s Green Joins Rokstone to Head Power Generation
Aug 26 2021 // This edition of International People Moves details appointments at QBE International, Zurich Insurance, and MGA Rokstone. A summary of these new hires follows here. QBE International Appoints Mejia as VP of Property...
Guidewire Acquires Property Risk Data Firm HazardHub
Aug 25 2021 // Insurance technology firm Guidewire Software said it has acquired HazardHub, an insurtech provider of property risk data to the property/casualty insurance industry for underwriting, marketing and claims. HazardHub’s...
Willis Towers Watson Promotes Mead to Canadian Property/Casualty Broking Leader
Aug 20 2021 // Insurance broker Willis Towers Watson announced that Kate Mead is the new head of its Canadian property/casualty broking team. Previously Willis Towers Watson’s practice leader for the Midwest, Northeast U.S. &...
Intellectual Property Market: What’s Next?
Aug 16 2021 // Madeleine Brown, intellectual property practice leader for CFC Underwriting, has spent the last 15 years specializing in the diverse intellectual property market. She sees exposures for IP where others do not. And as...
How Material, Labor Price Hikes Are Affecting Property Insurance
Aug 11 2021 // The COVID-19 pandemic is causing a sharp increase in the price of materials and labor and driving increases in property claim costs, experts said during a webinar hosted by ATI Restoration last week. “We’ve...
What Property and Casualty Insurers Need to Know About Using Credit in Underwriting
Aug 10 2021 // This post is part of a series sponsored by TransUnion. Credit-based insurance risk scores draw from credit data to more accurately assess consumer risk and improve the underwriting process Today, credit-based insurance...
Texas Outlines Legislative Changes in SB 1367 Related to Property/Casualty Insurance
Aug 10 2021 // Noting the passage in the 87th Legislature of Senate Bill 1367, which made changes to certain lines of insurance, the Texas Department of Insurance has outlined the changes that are effective for an insurance policy that...
People Moves: Swiss Re Corporate Solutions Hires AIG’s Blattner-Hoyle to Lead Trade Finance; QBE Names AXA XL’s France as Head of Property, Europe
Aug 10 2021 // This edition of International People Moves covers appointments at two insurers: Swiss Re Corporate Solutions and QBE European Operations. A summary of these new hires follows here. Swiss Re Corporate Solutions Names...
Georgia Fire to 81-Year-Old Property Ruled Arson
Aug 5 2021 // Georgia Insurance and Safety Fire Commissioner John F. King announced that a Putnam County fire was intentionally set and has been ruled an act of Arson. The fire occurred on Grand Avenue at approximately 3:19 A.M. on July...
Houston’s CrossCover Enters E&S Property Insurance Market
Aug 3 2021 // Houston-based CrossCover Insurance Services, a new managing general underwriter targeting middle-market commercial business, is entering the excess and surplus property market. CrossCover was established in partnership...
Florida Judge Approves Sale of Property Where Collapsed Surfside Condo Stood
Jul 15 2021 // A Florida judge on Wednesday approved the sale of the oceanfront property where a collapsed Florida condominium building once stood, with proceeds intended to benefit victims of the deadly disaster. At a hearing,...
Minnesota Leaves Condo Inspections Up to Property Owners
Jul 15 2021 // Some local building inspectors in Minnesota are fielding questions from residents worried about the safety of their condo buildings following the collapse of a tower in Surfside, Florida, in June. In Minnesota, there is no...
