Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
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...
Federal Judge Halts Part of Florida’s New Property Insurance Reform Law
Jul 12 2021 // A federal judge has halted enforcement of a section of Florida’s new property insurance reform (SB 76) law that restricts the advertisements and solicitations of roofing contractors. U.S. District Judge Mark Walker...
Demotech Inc. Reveals Leading Multi-State Property/Casualty Insurers
Jul 5 2021 // In order to continue the discussion regarding what constitutes a Super Regional P/C Insurer™ and to give definition to this important group of insurers, Demotech Inc. analyzed year-end 2020 data for property/casualty...
Newly-Enacted Florida Property Insurance Reform Bill Said to Be Already Working
Jul 5 2021 // Florida Gov. Ron DeSantis officially signed into law reform legislation on property insurance and roofing contractor practices, a measure some said was having a positive impact even before it went into effect. DeSantis...
Why Flood Should be a Covered Cause of Loss in Property Insurance
Jul 5 2021 // There’s something fun about contemplating flood insurance while the ground outside the office is so saturated that it’s like walking on sponges. No. We aren’t having a flood event and even if we were,...
Honeycomb, Digital MGA for Multi-Family Property Insurance, Launches with $3.3M
Jun 23 2021 // Honeycomb, a managing general agent (MGA) for commercial real estate insurance, announced its North American launch following a $3.3M million raise. Investors in Honeycomb (formerly Agilius) include from Phoenix Insurance,...
Extreme Weather, Repair Woes to Push Property Insurance Higher: Hippo CEO
Jun 23 2021 // Extreme weather events and shortage of labor and materials for repairs will push property insurance rates higher in the next several years, the chief executive of U.S. home insurer Hippo said on Tuesday. As homeowners...
Severe Thunderstorms, Tornado Slam Chicago; Injuries, Power Outage, Property Damage Reported
Jun 21 2021 // Severe thunderstorms tore through the Chicago area on Sunday night after the National Weather Service said a “confirmed large and extremely dangerous tornado” had touched down in a western suburb of the city,...
Newly-Enacted Florida Property Insurance Reform Bill Said to Be Already Working
Jun 11 2021 // Florida Gov. Ron DeSantis on Friday officially signed into law reform legislation on property insurance and roofing contractor practices, a measure some say is having a positive impact even before it goes into...
Florida Governor to Sign Property Insurance Measure But Says State Needs to Do More
Jun 10 2021 // Florida Gov. Ron DeSantis said that he will sign recently-passed legislation addressing property insurance costs and roofing contractor practices while adding that he believes that the state needs to do more to curb excess...
