Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
Everyone in Insurance Must Act in Good Faith
Nov 8 2017 // Think about an insurance policy for a minute. What is it for? Why buy it and for that matter, why sell it? Let’s not go to doubting our profession, but give it some thought. Why do people buy insurance? There are...
Cyber Risk Is Putting Pressure on Property Insurance Underwriters
Nov 6 2017 // Property underwriters are feeling the pressure as cyber has become an increasing source of risk within the property insurance industry, according to panelists at Advisen’s 2017 Cyber Risk Insights Conference, held...
Does a CPP Cover Trees Knocked Over by a Hurricane?
Nov 6 2017 // When a hurricane blows through, it isn’t just the trees on a homeowner’s property that could be damaged. There could be trees on a business’ property that are damaged as well. Does the commercial property...
Lockton Taps Davies from JLT as SVP, Property, in Bermuda
Nov 3 2017 // Lockton, the world’s largest privately held insurance broker, has appointed Gareth Davies as senior vice president, Property, in Bermuda. He will focus on growing the business, particularly in the property area, in a...
J.M. Wilson Hires Kane as Assistant Property/Casualty Underwriter in Illinois
Nov 2 2017 // Managing general agency and surplus lines broker, J.M. Wilson, has hired Brian Kane as assistant property/casualty underwriter in its Arlington Heights, Illinois, office. Kane has more than 17 years of experience in the...
Stephens Insurance Adds Property/Casualty, Benefits Expertise in Houston
Nov 2 2017 // Stephens Insurance LLC, an affiliate of Stephens Inc., has hired industry veterans Leigh Ellis and Will Ogilvie in its Houston office. Ellis joins Stephens as a senior vice president in the commercial property/casualty...
Why Is THAT Excluded?
Nov 1 2017 // Exclusions. Insurance policies are full of them. I’ve been reading some policy forms lately. Some to study, others because they’re interesting to me. It’s kind of a sick hobby, I’ll admit, but...
Why States Should Drop Insurance Anti-Rebating Laws: Viewpoint
Oct 31 2017 // For the commercial property and casualty, and employee benefits segments of the insurance industry, anti-rebating laws are both nonsense and anti-consumer. Competition is intended to protect competitiveness in the...
Seeman Holtz Property & Casualty Acquires Indiana’s Williams & Associates
Oct 25 2017 // Boca Raton, Florida-based Seeman Holtz Property & Casualty Inc. has acquired Williams & Associates Insurance, headquartered in Indianapolis, Indiana. Led by Scott Davis, Williams & Associates has offices in...
Doesn’t Special Form Mean Everything has Special Coverage?
Oct 25 2017 // Over the last several weeks, I’ve been looking at several policy forms because of different writing and teaching assignments. I’ve been looking especially at property forms. One way that property insurance has...
Insurers Weigh Premium Hikes for UK’s Tall Buildings After Grenfell Tower Fire
Oct 23 2017 // Insurers are considering raising premiums for tall buildings in Britain with flammable cladding panels and no sprinklers or even excluding related risks following the Grenfell fire in London earlier this year. Inquiries...
CoreLogic: Hurricane Nate Property Damage Could Top $1B
Oct 23 2017 // Hurricane Nate preliminary loss estimates are estimated to be between $650 million and $1.35 billion, according to CoreLogic. The loss estimates were calculated based on data analysis, total insured and uninsured loss for...
BHSI Introduces Motor Truck Cargo Legal Liability Insurance in Canada
Oct 19 2017 // Berkshire Hathaway Specialty Insurance (BHSI) announced it has expanded its inland marine product line in Canada with the launch of its Motor Truck Cargo Legal Liability policy, a new product that protects against the...
Does a CPP Cover Trees Knocked Over by a Hurricane?
Oct 18 2017 // Last week we entered into a discussion of downed trees, in particular, trees downed by a hurricane. We spent our time dealing with the HO-3 policy and how it responds. If you didn’t catch that, take a look at last...
Lloyd’s Broker AFL Creates Property Practice, Led by Crouch from Lockton
Oct 16 2017 // Lloyd’s broker AFL Insurance Brokers Ltd (AFL) announced the appointment of Neil Crouch to lead its new wholesale property practice. Previously head of broking at Lockton, Crouch will pioneer the company’s...
The Complicated Risk Exposures of Property Managers and Investors
Oct 16 2017 // What you hear on the radio and TV about “flipping,” renting, or managing residential or commercial properties and reality are two different worlds. The lives of property managers and real estate investors are...
Catastrophes and the Property Market
Oct 16 2017 // Powered by InsuranceJournal.tv The catastrophe exposed property and habitational markets could be in for some changes following this year’s active hurricane season. Joe Morrello, head of excess and surplus (E&S)...
Argo Names The Hartford’s Higley to Head U.S. Property, Inland Marine
Oct 13 2017 // Specialty insurer Argo Group International Holdings has appointed David Higley as head of U.S. property and inland marine. Higley will report to Ron Vindivich, president, E&S, Colony Specialty, and will lead the...
Developers Built Homes Inside Houston’s Reservoirs. But No One Warned Buyers.
Oct 12 2017 // Note: This story was originally published by the Texas Tribune and ProPublica. When Jeremy Boutor moved to a master-planned community in Houston’s booming energy corridor, he saw it as idyllic. Lakes on Eldridge...
It’s Complicated: U.S. Business Stance on China Over Intellectual Property Theft
Oct 11 2017 // U.S. businesses and trade groups are split over how forcefully to crack down on China over intellectual property theft, with some arguing the country is making progress on its own in enforcing protections and urging the...
