Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
Texas Windstorm Insurer’s Request to Hike Liability Limits Denied
Oct 18 2018 // Texas Insurance Commissioner Kent Sullivan has declined to approve the request by the state’s property insurer of last resort for wind and hail along the Texas coast to increase maximum limits of liability for...
Update: Cyclone Luban Hits Yemen, Injuring Dozens, Destroying Property
Oct 17 2018 // A tropical storm has battered eastern Yemen, with three days of heavy rainfall and flooding injuring dozens of people, destroying property and killing livestock, Yemeni officials and the United Nations said Tuesday. They...
Seeman Holtz Property & Casualty Acquires Allstar Assurance of Florida
Oct 16 2018 // Seeman Holtz Property & Casualty, Inc. has acquired Allstar Assurance, headquartered in Weston, Fla. Allstar Assurance has been serving south Florida for over 14 years offering multi-line property and casualty...
Florida Orders Insurers to Halt Rate Hikes; Sets Up Hurricane Michael Claims Village
Oct 16 2018 // Florida’s insurance regulator has issued an emergency order that ensures “additional protections” to Florida policyholders – including freezing any rate hikes for 90 days – to support recovery efforts...
Montana Homes in Fire-Prone Areas Hike Firefighting Costs, Report Shows
Oct 15 2018 // Rapid population growth and the desire to live near forests means new housing in western Montana is being built in wildfire-prone areas, increasing taxpayer-funded fire suppression liabilities and putting lives and...
Market Changes Not Expected From Hurricane Michael; Florida Insurers ‘Heavily’ Reinsured
Oct 15 2018 // Losses to the insurance industry from Hurricane Michael, a Category 4 storm that hit the Florida Panhandle before continuing a path of destruction through several other Southeast states, will be substantial but not enough...
A.M. Best: Insurer Losses from Hurricane Michael Will Be ‘Significant’
Oct 12 2018 // Insurers, reinsurers and ILS investors could face significant losses from Hurricane Michael, a major Category 4 storm that began its assault on the Florida Panhandle Wednesday, according to a briefing from A.M. Best. Best...
Georgia Insurance Chief Says to Prepare for Hurricane Michael; State of Emergency Issued
Oct 10 2018 // Georgia Governor Nathan Deal declared a State of Emergency Tuesday ahead of Hurricane Michael, which was expected to slam Florida as a Category 4 storm then travel northeast towards Georgia and the Carolinas on Thursday...
New ISO Personal Property Product Targets Millennials, Empty Nesters
Oct 8 2018 // ISO, a Verisk business, has launched a new personal inland marine product designed to help insurers meet the personal property coverage needs of millennials and other consumers who may not stay in one place for long. The...
Tower Hill Specialty Enters Illinois Property Insurance Market
Oct 5 2018 // Ohio-based Tower Hill Specialty is now offering property insurance in Illinois. Currently available in seven states, Tower Hill Specialty provides homeowners, dwelling fire, manufactured housing and condominium products....
Seeman Holtz Property & Casualty Acquires Spencer Insurance Agency of Florida
Oct 5 2018 // Florida-based Seeman Holtz Property & Casualty, Inc. has acquired Spencer Insurance Agency LLC, headquartered in Hobe Sound, Fla. Spencer Insurance Agency has been serving the Eastern coast of Florida for over 25...
California Insurance Commissioner Wants Inventory Requirements Eased for 2018 Wildfire Survivors
Oct 4 2018 // California Insurance Commissioner Dave Jones wants insurers to assist wildfire survivors by voluntarily easing detailed personal property home inventory requirements and to follow the lead of other insurers providing at...
New Property Insurer, Journey, to Include Texas in Initial Roll Out
Sep 28 2018 // Texas is one of three states in which a new property/casualty insurance company plans its initial roll out. In addition to Texas, Florida-based Journey Insurance Co., formed by United Insurance Holdings Corp. (UPC...
UPC Insurance, Tokio Marine Kiln Form New Florida-Based Property Insurer ‘Journey’
Sep 27 2018 // United Insurance Holdings Corp. (UPC Insurance), a property and casualty insurance holding company, has formed Journey Insurance Co. in partnership with Tokio Marine Kiln. The new property and casualty insurer will...
Guest Post: Post-Disaster Readiness: The Psychology of Downed Trees
Sep 26 2018 // We are grateful for friend of the Academy, Christopher J. Boggs, CPCU, ARM, ALCM, LPCS, AAI, APA, CWCA, CRIS, AINS, Executive Director, Big “I” Virtual University who provided this very personal post. Thanks,...
Chubb Appoints Barziza to Lead North American Property Claims
Sep 25 2018 // Chubb has appointed Tim Barziza as head of its North American Property Claims. In this role, Barziza will be responsible for leading the technical and administrative operations of the Property Claim Service, including the...
Willis Towers Watson Launches Property Loss Modeling Platform
Sep 20 2018 // Willis Towers Watson has launched a new technology platform to help organizations analyze potential property losses across a global portfolio with the aim of optimizing risk transfer and insurance strategies. The new...
Did You Just Ask That?
Sep 19 2018 // We’ve received a few questions lately through our Ask an Expert service that motivated this post. Wait. You don’t know about Ask an Expert? It’s a benefit of the new subscription service through Insurance...
Cannabis: Striking a Balance Between Federal and State Laws
Sep 17 2018 // Currently, 30 states and the District of Columbia have legalized the use of cannabis in some form. Some states restrict use to medically necessary uses, while other states have legalized recreational use. Still other...
Partner Re Celebrates Its First 25 Years– When Everything and Nothing Has Changed
Sep 17 2018 // During PartnerRe’s first 25 years as a reinsurer, everything has changed and nothing has changed. From its roots as a pure catastrophe player, PartnerRe has dramatically evolved–or diversified–over the...
