Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
Lockton Mountain West Names Rider to Property/Casualty Team
Oct 5 2017 // Robin R. Rider has been named a client services executive in Lockton’s Mountain West office. She will serve the Denver, Colo. and Las Vegas, Nev. offices as a member of the property/casualty team. She has been...
A.M. Best Upgrades Credit Rating of Farm Bureau Property & Casualty Group in Iowa
Oct 3 2017 // A.M. Best has upgraded the Long-Term Issuer Credit Rating to “a+” from “a” and affirmed the Financial Strength Rating of “A” of Farm Bureau Property & Casualty Insurance Co. and...
Florida Hurricane Irma Losses Keep Rising
Oct 2 2017 // With two Florida landfalls in the same day, Hurricane Irma’s destructive wind and flood damage could cost up to $65 billion for both insured and uninsured losses, according to a recent estimate by...
Analysts Expecting a Short-Term Hard Market for Property Risks
Oct 2 2017 // Damage left by Hurricanes Irma and Harvey will lead to a hardened property market and pricing correction, at least in the short-term according to a new KPMG survey. In related analysis, a new Morgan Stanley report...
Seeman Holtz Continues Florida Expansion With Acquisitions of 3 Agencies
Sep 26 2017 // Seeman Holtz Property & Casualty, Inc. has acquired three different agencies in Florida as part of its geographic expansion and continued growth throughout the United States. The three Florida agencies most recently...
Seeman Holtz Property & Casualty Acquires Austin’s RateGenius Insurance Agency
Sep 24 2017 // Seeman Holtz Property & Casualty Inc., based in Boca Raton, Florida, has acquired RateGenius Insurance Agency Inc., an affiliate of RateGenius, headquartered in Austin, Texas. Serving all of Texas for almost 10 years,...
How Home Values Track with High, Low Risk of Natural Hazards: ATTOM Data
Sep 22 2017 // Americans are still buying homes in areas with high risk of natural hazards and the homes in those cities continue to appreciate in value far faster than homes in low natural hazard locales. However, the effect on home...
Insurance Industry Tallies Irma’s Mounting Losses in Florida
Sep 22 2017 // With two Florida landfalls in the same day, Hurricane Irma‘s destructive wind and flood damage could cost up to $65 billion for both insured and uninsured losses, according to a recent estimate by...
After the Storm: Insurance Agents E&O Lessons Learned
Sep 20 2017 // Editor’s Note: This is a republication of a January, 2013 article by Sally Coombs, who was then with Fireman’s Fund Insurance Co, which is now integrated into Allianz Global Corporate & Specialty...
Travelers’ Cunningham Joins Liberty Mutual to Lead National Insurance Property
Sep 19 2017 // Liberty Mutual Insurance has appointed Gregg Cunningham as executive vice president, National Insurance, and general manager, National Insurance Property. Cunningham, who has 25 years of commercial insurance experience,...
Hurricanes to Usher in Short-Term Hard Market for Property Risks: Survey
Sep 18 2017 // Damage left by Hurricanes Irma and Harvey will lead to a hardened property market and pricing correction, at least in the short-term according to a new KPMG survey. In related analysis, a new Morgan Stanley report...
Seeman Holtz Property & Casualty Acquires DernCo Insurance in Wisconsin
Sep 18 2017 // Seeman Holtz Property & Casualty Inc. has acquired DernCo Insurance, headquartered in Milwaukee, Wis. Serving both Wisconsin and Colorado for more than 25 years, Rich Dern and his team have been offering a full...
People
Sep 18 2017 // Detroit, Mich.-based H.W. Kaufman Financial Group named Daniel J. Kaufman senior vice president of corporate growth. Kaufman will continue to serve as managing director and lead the Chicago, Milwaukee, Pittsburgh and...
Mixed Messages Sent Over Texas’s New Cat Claims Statute
Sep 18 2017 // Ambiguity surrounding a Texas law that went into effect on Sept. 1 had insurance industry representatives and attorneys who represent insurance policyholders issuing conflicting messages to insureds who may have suffered...
Why Regulators Should Dump Anti-Rebating Laws
Sep 18 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...
ICT Pegs Hurricane Harvey Insured Losses at $19B
Sep 15 2017 // The Insurance Council of Texas (ICT) has placed the insured losses from Hurricane Harvey at $19 billion. That number includes an estimated $11 billion in flood losses insured by the National Flood Insurance...
Seeman Holtz Property & Casualty Acquires Stirling Insurance of Florida
Sep 14 2017 // Seeman Holtz Property & Casualty, Inc. (SHP&C) has acquired Stirling Insurance Services, Inc., headquartered in Boca Raton, Florida. Stirling has served all of Florida for over 28, led by Terry Sgammato and his...
Key Items to Remember After the Storm Passes Over
Sep 13 2017 // I wasn’t planning on writing about hurricane season again, but circumstances made it feel like the right thing to do. This hurricane season is already memorable, and it’s still got over two months to go. The...
Insurers Rush to Find, Deploy Adjusters for Harvey, Irma Claims
Sep 11 2017 // Insurers are scrambling to find inspectors in Texas and Florida after fierce hurricanes battered the states one after the other, causing tens of billions of dollars’ worth of property damage in less than two...
Motel 6 Will Settle Human Trafficking Suit Involving Los Angeles Property
Sep 8 2017 // Motel 6 has agreed to pay $250,000 to settle a lawsuit alleging one of its properties in Los Angeles was a base for sex trafficking, drug dealers and gang members. City Attorney Mike Feuer told The Associated Press on...
