Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
Berkshire Hathaway Names Sorsak to Lead Canada Property, Energy Claims
Feb 12 2015 // Berkshire Hathaway Specialty Insurance (BHSI) announced that it has appointed Amanda Sorsak to lead its Property & Energy Claims operation in Canada. She was previously Executive General Adjuster at Allianz Global...
New York MTA’s Captive Insurer to Provide Coverage in Fatal Train-SUV Crash
Feb 11 2015 // New York Metropolitan Transportation Authority’s (MTA) captive insurer and wholly owned insurance subsidiary First Mutual Transportation Assurance Company (FMTAC) will lead coverage for liability for third party...
Bills Aimed at Property Claims Litigation Expected in Texas Legislative Session
Feb 11 2015 // Texas lawmakers are expected to file legislation this year aimed at stemming the tide of property claims litigation in the wake of catastrophic weather events, such as hailstorms. Proponents of such legislation would like...
Starwood Capital to Sell NYC’s Baccarat Hotel to Chinese Insurer for $230M
Feb 9 2015 // Barry Sternlicht’s Starwood Capital Group agreed to sell New York’s luxury Baccarat Hotel to an affiliate of China’s Sunshine Insurance Group. The 114-room property on Manhattan’s West 53rd Street...
Legislation Addressing Property Claims Litigation Likely to Crop Up in Texas
Feb 9 2015 // By the end of 2008, the Texas residual market for insuring seacoast properties for wind and hail figured it had enough resources available to pay claims for both Hurricane Ike and Hurricane Dolly that hit the Texas coast...
How Large Firm Risk Managers Rate Commercial Lines Carriers, Brokers
Feb 6 2015 // While commercial insurers have traditionally relied upon insurance brokers to manage customer relationships, large company risk managers are looking for both parties to work together to meet their needs, according to a new...
Liberty Mutual Names Kayali West Division Underwriting Manager
Feb 4 2015 // Liberty Mutual’s national insurance property operation has named Melissa Kayali division underwriting manager in its West region. Based in Los Angeles, Calif. Kayali is responsible for expanding Liberty...
Philadelphia Insurance Companies Announces 2 Promotions
Feb 3 2015 // Philadelphia Insurance Companies, a Bala Cynwyd, Pennsylvania-based commercial property/casualty and professional liability insurance company for niche markets, promoted two vice presidents to senior vice presidents. Bob...
Understanding Commercial Property Underwriting and ‘COPE’
Feb 3 2015 // Construction, Occupancy, Protection and Exposure (COPE) are the same four basic elements of underwriting data that real property underwriters have used for nearly 300 years. So what are these time-honored elements? The...
Canopius Expands U.S. Business, Adds Ironshore’s Winfield
Jan 29 2015 // Canopius Group Limited, the global specialty insurance and reinsurance platform of Sompo Holdings, is expanding its its U.S. operations with the appointment of Bradley Winfield as head of U.S. Direct Property. Bradley...
Reported Crimes Fell in First Half of 2014: FBI
Jan 26 2015 // The number of property crimes and violent crimes reported for the first six months of 2014 was down from the first six months of 2013, according to statistics from the FBI. The report, based on information from 11,009 law...
TWIA Legislative Recommendations Address Funding, Depopulation
Jan 26 2015 // The Texas Windstorm Insurance Association, the state-created insurer that provides property coverage for wind and hail in 14 coastal counties and parts of Harris County, has submitted a report to the Legislature with...
Texas Bill Would Protect P/C Agent Ownership of Expiration Rights
Jan 26 2015 // A bill filed in the Texas Legislature for the 2015 session would clarify that insurance agents in the state have exclusive ownership of the expiration rights to property/casualty insurance policies they sell and place. HB...
Oklahoma Jazz Hall : Insurance Debts Paid or Not?
Jan 25 2015 // The shaky finances of the Oklahoma Jazz Hall of Fame seem to be attracting more attention than the museum itself. Executives at the nearly 30-year-old Tulsa nonprofit have sternly denied that the museum was in dire straits...
Legislative Focus for Texas Windstorm Insurer: Funding, Depopulation
Jan 22 2015 // The Texas Windstorm Insurance Association, the state-created insurer that provides property coverage for wind and hail in 14 coastal counties and parts of Harris County, has submitted a report to the Legislature with...
Chinese Insurers’ Hunt for Trophy Properties Boosts NYC, London Prices
Jan 20 2015 // What do New York’s most famous hotel, the Lloyd’s of London building and the headquarters of the U.K.’s top law firm have in common? They’re all owned by Chinese insurers. This new breed of buyers,...
Texas Bill Would Protect P/C Agent Ownership of Expiration Rights
Jan 13 2015 // A bill filed in the Texas Legislature for the 2015 session would clarify that insurance agents in the state have exclusive ownership of the expiration rights to property/casualty insurance policies they sell and place. HB...
Mass. FAIR Plan Expands to Include Dwelling Liability Coverage
Jan 12 2015 // The Massachusetts Property Insurance Underwriting Association (MPIUA) — also known as the Massachusetts FAIR Plan — has expanded to include the writing of dwelling liability coverage, effective Jan. 7,...
2015 Insurance Industry Meetings & Conventions Directory
Jan 12 2015 // Welcome to Insurance Journal‘s 2015 Insurance Industry Meetings and Conventions Directory. The information in this directory is taken from a larger database containing additional information on these and other...
Lighthouse Property Names Stewart as North Carolina Rep
Jan 6 2015 // Lighthouse Property Insurance Corp. has appointed Bill Stewart as its marketing representative for North Carolina. Stewart brings 16 years of insurance industry experience to Lighthouse. Before joining the Lighthouse team,...
