Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
XL Names AIG’s Smith to Southeast Property Underwriting Post
Nov 20 2014 // To address the property insurance needs of industrial and commercials properties in Atlanta and the surrounding region, XL Group has appointed Mike Smith as the new Southeast regional underwriting leader in its North...
Conn. Court: Enfield Homeowner Not Liable in Icy Sidewalk ‘Slip and Fall’ Case
Nov 19 2014 // Connecticut’s Supreme Court ruled Monday that property owners can’t be sued for injuries suffered when someone slips on an icy sidewalk in front of their home or business, unless their town has a specific law...
Texas’ Travis County Getting Serious About Property Crime Backlog
Nov 18 2014 // A fingerprint examiner for the Travis County sheriff’s office in Texas will devote the next six months to clearing a backlog of more than 600 property crime cases that piled up over the past 17 months. Most of the...
West Virginia Court Reinstates Damages Against City for Flooding
Nov 17 2014 // The West Virginia Supreme Court has ordered the restoration of monetary damages to Huntington homeowners hit by flooding in 2011. The high court ruled in an appeal brought by five plaintiffs along Krouts Creek, The...
Perpetuation Planning – Part Two
Nov 17 2014 // Last month’s “Minding Your Business” column explored a few reasons an agency might perpetuate the firm, the four common techniques to transfer ownership, pros and cons, and some options for internal...
FBI Reports Decreases in Violent, Property Crimes
Nov 10 2014 // The estimated number of violent crimes in the nation decreased 4.4 percent in 2013 when compared with 2012 data, according to the latest FBI figures. Property crimes decreased 4.1 percent, marking the eleventh straight...
CNA Restructures Hardy’s Lloyd’s Property Unit with New Appointments
Nov 7 2014 // CNA Financial Corporation announced a number of changes to the Property team of London-based Hardy (Underwriting Agencies) Limited, an independent wholly-owned indirect subsidiaries of CNA. The Property Business Unit will...
AIG Q3 Net Income Rises 1% to $2.19B, More Share Buybacks Planned
Nov 4 2014 // Insurer American International Group on Monday reported better-than-expected third quarter earnings, bolstered in part by improved performance at core insurance operations. After-tax operating income jumped 23 percent from...
Understanding Condo Association & Unit Valuation
Nov 3 2014 // Quite a few pieces must be in place to ensure no coverage gaps exist in either the condominium association’s or unit owner’s coverage picture. Three questions must be considered by the agent writing the...
Contractors Need to Be Involved in the Claims Process, BELFOR CEO Says
Nov 3 2014 // Customer service in property claims suffers when the contractor is left out of the settlement process and policy renewals may be in jeopardy because of it. That’s the word from the top executive of one of the...
Lockton, Burns & Wilcox Brokerage Offer Income Protection without Physical Loss
Nov 2 2014 // Lockton Cos. and wholesale broker Burns & Wilcox Brokerage have joined the Ebola-sensitive insurance protection movement with a product that protects companies from income losses and increased costs incurred without...
A Guide to Homeowners’ Liability for Injury to Trick or Treaters
Oct 31 2014 // Halloween pranks. Google this phrase and more than 5 million results link you to a myriad of ways to “mess with peoples’ minds” on Halloween. Some of the recommended pranks require a higher education to...
Florida Approves Up to 183K Takeouts from Citizens for 2015
Oct 30 2014 // The Florida Office of Insurance Regulation (OIR) has approved the removal of up to 180,040 personal residential policies and 2,527 commercial residential polices from Citizens Property Insurance Corp. The OIR said these...
Heaven & Hail: Hail Insight and the Damage it Brings
Oct 30 2014 // This post is part of a series sponsored by CoreLogic. Hail Damage by the Numbers Damage from convective storms continues to capture the attention of both the public and insurers because of the increase in the number of...
Universal Property & Casualty Insurance Licensed in Indiana
Oct 29 2014 // Universal Insurance Holdings Inc. announced that its subsidiary, Universal Property & Casualty Insurance Company (UPCIC), has been approved as a licensed insurance entity in Indiana. UPCIC expects to file its...
China Insurers Face Shadow Banking Default Risk: Ratings Agencies
Oct 29 2014 // A doubling in the trust holdings of China’s insurers has prompted ratings companies to warn the industry may be taking on too much shadow banking default-risk. Insurers held 281 billion yuan ($46 billion) of trust...
Stratton Promoted to Property/Casualty Underwriter at J.M. Wilson
Oct 28 2014 // J.M. Wilson has promoted Kristy Stratton to property/casualty underwriter in its Portage, Mich., office. She is responsible for quoting new and renewal accounts for a wide variety of commercial property and casualty risks,...
Contractors Need to Be Involved in the Claims Process, BELFOR CEO Says
Oct 27 2014 // Customer service in property claims suffers when the contractor is left out of the settlement process and policy renewals may be in jeopardy because of it. That’s the word from the top executive of one of the...
Hardy Promotes Wright in Asia; Hires Bond and Osorio in London
Oct 21 2014 // Hardy Underwriting Asia Pte Ltd (Hardy Asia), a subsidiary of CNA Financial Corporation, has promoted Chris Wright as director and principal officer for Hardy Asia. (Hardy is a specialist underwriting business operating...
P/C Insurers’ Net Income Rose in First-Half of 2014
Oct 20 2014 // U.S. property/casualty insurers’ net income rose $1.6 billion to $26.0 billion in first-half of 2014 while pretax operating income fell $1.9 billion to $23.9 billion in first-half 2014, a decrease driven by lower...
