Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
Today’s Hot Markets
Apr 1 2019 // Telemedicine, Breweries, Intellectual property, Nurseries and Cottage foods Insurance Journal examined industries experiencing changes, challenges, expansions and growth in the past year. Here are five industry sectors and...
A Mix of Flood Insurance Reforms
Apr 1 2019 // Conservation, CarFax-Like Disclosure, Means-Test for Rates Up for Discussion The federal flood insurance program has a knack for inspiring ideas from reformers across the political spectrum on how to improve government. If...
Universal Insurance Holdings Enters Illinois’ Homeowners Market
Mar 26 2019 // Universal Property & Casualty Insurance Co. (Universal Property), a subsidiary of Universal Insurance Holdings Inc., has entered the market for homeowners insurance in Illinois. The company is now offering homeowners...
How to Turn Today’s Confusion Into a Sustainable Cyber Insurance Market
Mar 26 2019 // There has been plenty of talk about how cyber continues to evolve in an ever-changing technology landscape, how cyber risks have become increasingly sophisticated and how the insurance industry needs to keep...
Analysis: Warren Buffett Champions an Inferior Product in THREE Policy
Mar 25 2019 // Warren Buffett, often ahead of the curve, sounded like a disrupter in a 2004 shareholder letter. Fifteen years ago, Buffett wrote, “Insurers have generally earned poor returns for a single reason: They sell a...
Bill Limiting Suits Against Mississippi Property Owners Heads to Governor
Mar 22 2019 // A bill that would make it harder for people to sue Mississippi property owners for some injuries is headed to Gov. Phil Bryant for his signature or veto. The state Senate on Tuesday voted 31-21 to concur with changes that...
Worldwide Facilities Taps Holden as SVP, Property Broker in Atlanta
Mar 22 2019 // Worldwide Facilities has added Shane Holden to its Atlanta team as senior vice president/Property broker. Holden brings 25 years of insurance and risk management experience to his position at Worldwide Facilities. With...
Conservation, CarFax-Like Disclosure, Means-Test in Mix of Flood Insurance Reforms
Mar 21 2019 // The federal flood insurance program has a knack for inspiring ideas from reformers across the political spectrum on how to improve government. If some of today’s reformers get their way, flood insurance will become a...
Mass. Court Finds Insurer Duty to Defend Subcontractor in Property Damage Case
Mar 20 2019 // A Massachusetts Appeals Court has ruled that an insurance company is responsible for insuring alleged property damage caused by its subcontractor client, vacating an earlier Superior Court decision that the insurer has no...
RSG Affiliate PERse Opens Miami Office, Makes 3 Staff Appointments
Mar 20 2019 // PERse (Power.Energy.Risk), a managing general underwriter specializing in property and casualty insurance products for energy and power production facilities with a specialized focus on renewable energy, has opened a new...
Insured Property Loss for Northern Australia Floods Estimated at A$957M: PERILS
Mar 18 2019 // Initial insured property losses for floods that recently affected northern Queensland, Australia, and in particular the city of Townsville, are estimated at A$957 million, according to PERILS, the independent Zurich-based...
Aon’s New Ventures Group Focuses on Intellectual Property with Cochrane Named COO
Mar 18 2019 // Aon’s New Ventures Group (NVG), which was formed in October 2018 to accelerate Aon’s investment in innovative new solutions, is focusing its first efforts on intellectual property in order to help clients...
Wading into Flood Waters
Mar 18 2019 // Agents Should Place Added Focus on Coverage Differences in Expanding Private Flood Market It has been a long-held insurance axiom that flood is not considered an insurable peril due to its potentially catastrophic nature....
Consumer Advocacy in an Age of Consumer, Insurer Options
Mar 18 2019 // Today’s Insurance Consumer Advocates Are Tackling Some New and Old Issues Years ago, insurance consumer advocates in the states were most often focused on getting consumers access to insurance at fair prices. They...
3 Claims Areas Where Property Insurers Disappoint Customers
Mar 18 2019 // Property insurers are falling short in some areas of the claims process even as they earn high marks for overall customer satisfaction, according to the J.D. Power 2019 U.S. Property Claims Satisfaction Study. J.D. Power...
Delaware Lawmaker Loses Bid to Revive Lawsuit Over City Property
Mar 15 2019 // A Delaware lawmaker who owns a house damaged by a fire that started in an adjacent city-owned dwelling has lost her bid to revive a federal lawsuit. Rep. Stephanie Bolden, a Wilmington Democrat, claimed that the city...
Florida Governor Urges Lawmakers to Address AOB as Reforms Move Forward
Mar 15 2019 // Just over a week into the 2019 legislative session, insurance industry-supported bills aimed at reforming Florida assignment of benefits (AOB) abuse are making progress in the state legislature. Lawmakers in the Florida...
Marsh Launches Intellectual Property Product With Broad Defense Coverage
Mar 13 2019 // Marsh has launched IP Protect – an insurance product tailored to address organizations’ intellectual property (IP) risks. A proprietary Marsh policy, IP Protect is backed by Ambridge Partners, a managing general...
Aon, Insurtech Zesty.ai Partner to Enhance Property Underwriting with AI Data
Mar 13 2019 // Aon has formed a strategic alliance with Zesty.ai, a San Francisco-based insurtech startup, which uses artificial intelligence (AI) to enhance insurers’ property underwriting. Zesty.ai’s technology provides...
North Carolina Insurance Fraud Round-Up: January, February
Mar 13 2019 // The North Carolina Department of Insurance announced multiple fraud enforcement actions during the first two months of 2019. Insurance fraud costs American consumers approximately $80 billion dollars a year. According to...
