Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
MDP Programs, NTIS to Offer Historic Property Program with Great American
Jun 7 2018 // MDP Programs and National Trust Insurance Services, LLC, divisions of Maury, Donnelly & Parr, Inc., have formed a new strategic relationship with Great American Insurance Group’s Property & Inland Marine...
Hawaii Insurance Agent Busy Sorting out Coverage Mess from Lava Flows
Jun 6 2018 // It could be an understatement to say Amber Lopez, principal at Pacific Island Insurance LLC in Hawaii, has been busy over the past month as the island state’s erupting Kilauea sends lava flows throughout...
People
Jun 4 2018 // Doug Slape has been promoted to second-in-command at the Texas Department of Insurance. Slape has been at the agency since 1988 and has served as deputy commissioner for the Financial Regulation Division the past three...
QBE Adds Inland Marine Property Coverage for Construction Risks
May 25 2018 // QBE North America is continuing its inland marine product expansion with the launch of The Solution for Builder’s Risk, a comprehensive policy offering with coverages tailored for construction projects. Features of...
Bizet to Join JLT Re Property Treaty Team in Miami
May 25 2018 // JLT Re (North America) Inc., part of the global provider of reinsurance broking and consultancy, has appointed Alain Bizet as senior vice president in Miami. Alain will join the property treaty team in Miami and focus on...
Pennsylvania’s Erie Insurance Names Palczer as Vice President of Property and Subrogation
May 21 2018 // Erie Insurance, a homeowners and automobile insurer based in Erie, Penn., has named Matt Palczer as vice president of property and subrogation. Palczer began his career with Erie Insurance in 2002 as a mail clerk in the...
7 Questions to Consider When Selling Flood Insurance
May 21 2018 // Any agent who has used the National Flood Insurance Program (NFIP) in the past to deliver flood insurance to clients knows all too well that trying to simplify the complexities of flood insurance in the midst of program...
Preferred Property Program Names Dow Vice President of Programs in New Jersey
May 18 2018 // Preferred Property Program (PPP), a national managing general agency, has named Wayne Dow vice president of programs. Dow will be joining the Bell Works office in Holmdel, N.J., to oversee the marketing of PPP products to...
Texas Calls for 2017 Commercial Property, Businessowners Premium Data
May 15 2018 // The Texas Department of Insurance has issued a special data call to companies writing direct commercial property or businessowners insurance in Texas catastrophe areas during calendar year 2017. The data call is necessary...
12 Indicted on Property Insurance Fraud Charges in Southeast Texas
May 11 2018 // A federal grand jury in Beaumont, Texas, has returned a 40-count indictment charging 12 individuals with federal violations related to a $1.7 million insurance fraud scheme in the Eastern District of Texas, U.S. Attorney...
Want Flood? Let the Market Make it Happen.
May 9 2018 // I spent a day last week in a conference that was focused on some specific risks that make up a property insurance gap nationwide. The morning was focused on one of my favorite soap boxes, flood. You guessed it. It’s...
Nationwide Ventures Backs Drone Data Startup Betterview
May 9 2018 // Nationwide has made an investment in Betterview, a machine learning insurtech startup that focuses on analyzing data from drones, satellite and other aerial imagery. Betterview said it will use the undisclosed amount of...
Why Agents Should Care About Underinsurance
May 8 2018 // This post is part of a series sponsored by CoreLogic. When it comes down to it, the biggest loser in a property that is underinsured is the homeowner who may not be able to rebuild their home to the way it was before a...
Hartford Insurtech Hub Gives 10 Startups Shots at Partnerships with Insurers
May 7 2018 // Emerging from a 10-week accelerator program, 10 technology-powered insurance startups presented ideas for enhanced customer engagement, cyber security, digital health, smart home products and supply chain management at the...
A.M. Best Ratings Recap
May 7 2018 // Upgrade: Nodak Insurance A.M. Best has upgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “a+” from “a” and affirmed the Financial Strength Rating (FSR) of A (Excellent) of Nodak...
People
May 7 2018 // Kristi Koncaba, president and chief operating officer at Texan Bank, has been appointed to the board of directors for workers’ compensation insurer, Texas Mutual Insurance Co. Koncaba has 15 years of experience in...
FEMA Proposes Allowing Owners to Rebuild Homes After Taxpayer Buyouts
Apr 26 2018 // The Federal Emergency Management Agency is proposing to allow owners of homes destroyed by storms and bought out by the government to rebuild on the same flood-prone land. Currently, FEMA offers to buy homes that have been...
The Simple Reason Homeowners’ Customers Need Replacement Cost
Apr 25 2018 // I’ve been thinking a lot about homeowners’ insurance lately. That might be because I’m in the middle of the BPIC (Basic Personal Insurance Course) and the last two sessions have been focused on...
Hartford Insurtech Hub Gives 10 Startups Shots at Partnerships with Insurers
Apr 23 2018 // Emerging from a 10-week accelerator program, 10 technology-powered insurance startups presented their ideas for enhanced customer engagement, cyber security, digital health, smart home products and supply chain management...
New York Court Affirms Gas Company on the Hook for Environmental Cleanup Costs
Apr 16 2018 // The New York Court of Appeals has ruled that KeySpan Gas East Corporation is responsible for costs to clean up environmental contamination caused by manufactured gas plants owned by its predecessor during years when there...
