Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
Berkshire Hathaway Specialty Expands in Australia, New Zealand
Jun 30 2015 // Berkshire Hathaway Specialty Insurance Co. (BHSI) said it is entering the healthcare underwriting market in Australia, and has appointed Tony Bainbridge, previously with American International Group (AIG), to lead the...
NFP Property & Casualty Acquires Texas’ AutoGroup Services
Jun 25 2015 // Insurance broker and consultant, NFP, has acquired specialty agency AutoGroup Services (AGS), based in Fort Worth, Texas. Founded in 2000, AGS consults with auto dealerships to help maximize the profitability of their...
Mississippi Mayor Wants Residents to Clean Up Left Over Katrina Debris
Jun 25 2015 // Gulfport Mayor Billy Hewes wants slabs and pilings left behind when Hurricane Katrina tore the businesses and homes removed. Hewes said the debris is “unsightly” and a “blight.” The Sun Herald...
Feds Want Proceeds from Convicted North Dakota Farmers’ Property Sale
Jun 22 2015 // Prosecutors are asking a judge to allow the government to seize money from an auction sale by two North Dakota brothers who were ordered to pay back more than $900,000 for intentionally destroying potatoes to collect...
Wharton Study Finds Disaster Aid Displaces Property Insurance
Jun 22 2015 // Federal disaster aid granted to communities hit by natural catastrophes causes demand for property insurance to fall by six times as much, according to a new issue briefing from the University of Pennsylvania’s...
Ramsey Joins Catalytic, Builds Wind Underwriting Team, Capacity
Jun 15 2015 // Specialist property catastrophe underwriting manager, Catalytic Holdings has hired industry veteran Sam Ramsey to lead its newly-formed wind underwriting business. Ramsey joins Catalytic from All-Risks Ltd. where he headed...
UK’s Allianz Commercial Promotes Higham to Property Account Manager
Jun 15 2015 // Allianz Commercial has announced the promotion of Paul Higham to the position of property account manager. Higham’s appointment is the third appointment made in the newly aligned property and casualty team, said the...
Additional Insured Endorsements in Construction
Jun 15 2015 // To get on a job, contractors often have to show proof of insurance and name the individuals hiring them as additional insureds on the contractors’ commercial general liability (CGL) policies. By doing this, the...
Universal Property & Casualty Insurance OK’d to Write in Michigan
Jun 9 2015 // Florida-based Universal Insurance Holdings Inc. announced that the Michigan Department of Insurance issued a Certificate of Authority to Universal Property & Casualty Insurance Co. (UPCIC), establishing UPCIC as a...
Top 5 Issues in Often-Misunderstood Business Interruption Insurance
Jun 3 2015 // The high costs related to business interruption should provide an impetus for companies to prep for them in advance, according to industry experts. During a recent webinar hosted by global broker Marsh, insurance experts...
Universal Property & Casualty Writes 1st Homeowners Policy in Pennsylvania
Jun 3 2015 // Universal Insurance Holdings Inc. announced that the Pennsylvania Insurance Department has approved the homeowners insurance rates and forms of its wholly-owned subsidiary, Universal Property & Casualty Insurance...
Ironshore Names Owen as Senior Vice President of Global Property Energy
Jun 3 2015 // Bermuda-based Ironshore has named Daniel Owen as senior vice president of the Global Property Energy division, effective immediately. Owen, who joined Ironshore in 2011, is currently senior vice president of Global...
10 Things to Know About Financial Institutions
Jun 1 2015 // 1.Financial institutions are increasingly being scrutinized by regulators, both federal and state, about their safeguards to protect sensitive customer information. These regulatory inquiries are not only focused on the...
Louisiana Citizens Property Insurance Mulling Coastal Rate Hike
Jun 1 2015 // More than 65,000 homeowners in coastal parishes covered by the Louisiana’s property insurer of last resort could see their rates jump 10 percent in mid-August. Under state law, Louisiana Citizens Property Insurance...
Hail Claim Litigation Bill Dies in Texas House
May 28 2015 // With the legislative session winding down in Texas, a measure sought by the insurance industry that its proponents say would help rein in litigation related to property insurance claims has died in the House of...
Atlas General Insurance Services, LLC, Hires Jeff Hoffman as Vice President of Specialty Property Division
May 27 2015 // San Diego, CA, May 27, 2015 – Atlas General Insurance Services, LLC, a national multi-line program manager, welcomes Jeff Hoffman as Vice President of Specialty Property. In his new role with Atlas, Jeff will be...
Insurers Get Ready to Comply With New Mississippi Property Insurance Clarity Act
May 27 2015 // Property insurers in Mississippi have until October 1, 2015 to respond to the Mississippi Insurance Department’s (MID) first call for homeowners’ insurance policy data that will be used to satisfy the...
For P/C Insurers, 2014 Was Better Than Average Year
May 26 2015 // Analysts who predicted the U.S. property/casualty industry would have a tough time topping its 2013 results in 2014 were largely correct as there was some slippage. However, while property/casualty insurers were not as...
Penn. Offers Insurance Tips for Consumers Preparing for Summer Vacations
May 22 2015 // As the weather warms and countdowns until summer vacations begin, the Pennsylvania Insurance Department is reminding consumers to make sure they are fully informed on their insurance coverage when preparing to leave for...
IFG Companies Adds DeCouto as VP of Primary Property Unit in Atlanta
May 22 2015 // Sophia DeCouto IFG Companies has named Sophia J. DeCouto as vice president and head of the Primary Property Unit within its Brokerage Property Division. DeCouto comes to IFG Companies with experience in excess and surplus...
