Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
Ethos Specialty Names Liberty International’s Carr to Head Property Unit
Jan 9 2018 // Ethos Specialty Insurance Services, a subsidiary of Ascot Group, announced that Michael Carr has joined the firm as head of Ethos Property. Carr has 25 years of experience in the excess and surplus property market. Prior...
Louisiana Citizens Policy Count Dropping Again
Jan 8 2018 // The Louisiana Department of Insurance (LDI) estimates that the state’s property insurer of last resort has gone from the third largest property insurance company to the 35th in 10 years. Louisiana Insurance...
Arkansas Welcomes P/C Insurers Lemonade, Tower Hill
Jan 8 2018 // Two additional property/casualty insurance carriers have been approved to conduct business in Arkansas. The Arkansas Insurance Department (AID) announced in December that Lemonade Insurance Co., has received a Certificate...
Allianz’ Property Unit Plans to Double Asian Investments in Next 3 Years
Jan 4 2018 // Allianz SE’s property unit plans to double investments in Asia over three years as the German firm is drawing in more money from its insurance operations in the region. Property investments may swell to 3.75 billion...
Natural Catastrophe Claims in 2017 Reached a Record $135B: Munich Re
Jan 4 2018 // The insurance industry will pay record claims of US$135 billion from last year’s spate of natural catastrophes, according to a report published by Munich Re. Further, Hurricanes Harvey, Irma and Maria (HIM), the...
Florida Supreme Court Ruling to Have Big Impact on Duty to Defend Construction Cases
Jan 4 2018 // A recent case out of the Florida Supreme Court will likely have a big impact on the duty of insurers to defend Florida construction cases. The case, Altman Contractors, Inc. v. Crum & Forster Specialty Insurance...
4 Reasons Your Insured Wants Ordinance or Law Coverage
Jan 3 2018 // I am very much like other people in that I like to take time off during the holiday season. It’s a time for me to rest, relax, refresh, and reflect. OK. Who am I kidding? You know what happens during the holiday...
Seeman Holtz Property & Casualty Acquires J & A Insurance of Florida
Jan 3 2018 // Florida-based Seeman Holtz Property & Casualty, Inc. has acquired J & A Insurance and More, Inc., headquartered in West Palm Beach, Florida. Led by Jacqueline Estevez and her team, the company has offered...
Property Reinsurance Rates Rise Less Than Expected in Jan. 1 Renewals
Jan 2 2018 // Global property reinsurance prices have risen less than expected in the key Jan. 1 renewal season, with strong competition limiting increases to single digit percentages following a record year of losses, brokers said on...
RightSure Acquires Auto & Property Insurance Solutions in California
Jan 2 2018 // RightSure Insurance Group has acquired California-based Auto & Property Insurance Solutions. Auto & Property Insurance Solutions is RightSure’s 14th book of business acquisition. Auto & Property Insurance...
Florida Could Be Close to a Real Estate Reckoning
Jan 2 2018 // Ross Hancock sold his four-bedroom house in Coral Gables, a city of pastel luxury at the edge of Miami, because he was worried that sea-level rise would eventually hurt his property’s value. He and his wife, Darlene,...
What They Are Saying About Effects of Trump Tax Cuts on Insurance Industry
Dec 22 2017 // Congress has passed and President Donald Trump has signed the Tax Cuts and Jobs Act (HR1) into law. It is the biggest tax change in 30 years. Under the legislation, insurers, agencies and other businesses organized as C...
Florida Residential Property Insurer Approved to Do Business in Arkansas
Dec 22 2017 // Arkansas Insurance Commissioner Allen Kerr has granted a Certificate of Authority to a Florida insurer to begin selling residential property insurance products in Arkansas. Gainesville, Fla.-based Tower Hill Signature...
Sompo’s Nardiello Joins CNA Commercial’s Large/Complex Property Underwriting Team
Dec 21 2017 // CNA announced the appointment of Michael Nardiello as senior vice president of underwriting for Large/Complex Property. In this role, Nardiello will be based in New York City and report to Kevin Leidwinger, president and...
Energy Property Broker Batten Joins All Risks Ltd. in Dallas
Dec 21 2017 // Independent wholesale insurance broker All Risks Ltd. has added Nancy Batten as energy property broker in its Dallas office. Batten has nearly 30 years of experience in the insurance industry on the wholesaler side. Most...
Volante Global to Launch in Q1 2018 as Multi-Class International MGA Platform
Dec 20 2017 // Volante Global Ltd., a new multi-class and multi-territory international managing general agent (MGA) platform, will launch and commence trading during Q1 2018, subject to Lloyd’s coverholder approvals where...
Leadership Changes Coming for Louisiana Citizens Property Insurance
Dec 19 2017 // The Louisiana Department of Insurance reported that the leadership of Louisiana Citizens Property Insurance Corp. will change in 2018. Two long-serving employees, Chief Operating Officer Vijay Ramachandran and Chief...
Chubb Names Booker Major Commercial Lines Property Accounts Senior VP
Dec 19 2017 // Chubb has named Matt Booker, as senior vice president, Major Accounts Property, in the United States. In this capacity, he will have responsibility for underwriting, strategy, production, product development, management,...
Language Lessons for Property/Casualty Insurers
Dec 18 2017 // InsurTech leaders speaking at the InsureTech Connect Conference in October had a message for traditional insurers they have probably heard before: The language that insurance agents and carriers use is creating a gulf...
Florida Approves Statewide Homeowners Rate Increase of 6.6% For Citizens
Dec 18 2017 // The Florida Office of Insurance Regulation (OIR) has approved statewide rate increases on 2018 personal and commercial property insurance rates for Citizens Property Insurance Corp. OIR approved a statewide increase of 6.6...
