Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
N.Y.-Based Preferred Concepts Hires Senior Property Underwriter
Aug 13 2012 // Preferred Concepts LLC, a program underwriter and specialty insurance broker based in New York City, has appointed Robert Lynch as senior vice president and senior property underwriter for its Preferred underwriting...
Montpelier Re Announces Appointments in Property Treaty Operation
Aug 10 2012 // Montpelier Reinsurance Ltd., the Bermuda subsidiary of Montpelier Re Holdings Ltd., has announced several appointments in its Bermuda property treaty operation. Effective immediately, Paul Hopwood, formerly Head of US...
Amerisure Turns 100
Aug 6 2012 // Tightened Focus, Leaner Agency Force Leads Insurer into its Next Century Evaluate, evolve, sharpen focus, create value. That’s how a group of executives at one Midwest-based property/casualty insurance company...
Swiss Re Corporate Solutions Increases North American Property Capacity
Aug 2 2012 // Swiss Re Corporate Solutions has increased available Property capacity from $250 million to $500 million. As part of the company’s single carrier offering, the increase in property capacity up to $500 million is...
New Louisiana Insurance Laws Address Citizens, Proof of Insurance, DWIs
Jul 31 2012 // In addition to suspending the 10 percent surcharge rule on property insurance provided by Louisiana’s property insurer of last resort in certain coastal parishes, recently passed state legislation includes provisions...
Lev Joins Property and Casualty Team at Assurance as Vice President
Jul 26 2012 // Illinois-based insurance brokerage, Assurance, has added Avi Lev to its growing property/casualty insurance team as a vice president. Lev brings over five years of experience in the insurance industry with a special focus...
HomeAway Launches Vacation Rental Properties Insurance Product
Jul 25 2012 // HomeAway, Inc., an online marketplace for vacation rentals, is now offering HomeAway Assure, a CBIZ Insurance Program product that is tailored specifically for vacation rental properties. The product features an online...
Costs Driving Changes, Opportunities in New World of Benefits Brokerage
Jul 24 2012 // Group health insurance brokerage is changing but the changes are not primarily due to Congress or the courts. Rather the changes are being driven by costs — the cost of healthcare coverage and the cost of serving...
North Carolina Property Insurance Reform Law Comes Up Short
Jul 24 2012 // North Carolina’s property market problems are well known but thus far answers remain elusive even after lawmakers approved a bill that does little more than what one industry expert said, “just stuck more...
Flood Risks Rampant across Asia’s Factory Zones; Insurers Concerned
Jul 23 2012 // Global insurance companies are struggling to get a grip on their flood exposure in Asia nearly a year after one of the world’s costliest disasters hit Thailand, with executives fearing an even worse event may strike...
UIB Restructures Property Team to Promote Growth
Jul 23 2012 // London-based international reinsurance broker UIB has overhauled its property team with a view to doubling the division’s revenues. UIB appointed Mark Ritson, formerly a UIB Energy director, to head the property...
Policy Counts for Property Insurers of Last Resort Up 17%
Jul 23 2012 // A record-high 3.31 million residential and commercial policies were offered through state-run property insurers of last resort in the United States in 2011, a 17 percent rise over the previous record of 2.84 million in...
Allstate Dropping 10,000 South Carolina Homeowners Policies
Jul 12 2012 // Allstate is dropping about 10,000 South Carolina home insurance customers. The company is dropping customers who don’t also carry Allstate auto coverage, have older homes and have homes insured for less than...
Florida Property Owner to Pay $1 Million Wrongful Death Claim
Jul 11 2012 // The family of a woman killed in a drug-related shooting will receive $1 million from the property owner for a wrongful death claim. The Florida Times Union reported that 19-year-old Danielle Melton’s twin toddlers...
Policy Counts for States’ Property Insurers of Last Resort Grew 17% in 2011: III
Jul 10 2012 // A record-high 3.31 million residential and commercial policies were offered through state-run property insurers of last resort in the United States in 2011, a 17 percent increase over the previous record of 2.84 million in...
Guy Carp’s July 1 Renewals Report: ‘Plentiful Capacity;” Low Insured Losses
Jul 10 2012 // According to a report from Guy Carpenter the July first reinsurance renewals “took place against a backdrop of plentiful capacity,” as capital “has continued to strengthen through the second quarter of...
Endurance Promotes Bigley to Senior VP, Head of U.S. Property Cat Reinsurance
Jul 10 2012 // Bermuda-based Endurance Specialty Holdings Ltd has promoted David Bigley to senior vice president and head of U.S. Property Catastrophe Reinsurance. Endurance also announced that Rene Lamer and Stefan Beine, both senior...
Property/Casualty Insurance Professionals Nationwide Get New Revenue Stream and Client Retention Tool with ValueAppeal PRO® Property Tax Service
Jul 10 2012 // Seattle, WA, 07/10/12 – ValueAppeal, a pioneering online do-it-yourself property tax appeal service developed to help homeowners ensure that they are not overpaying their property taxes, today announced the launch of...
CEA Unveils Homeowners Choice Earthquake Coverage Product Line
Jul 3 2012 // As of July 1, 2012, the California Earthquake Authority (CEA) is offering its new Homeowners Choice product line. The new product will give residents greater control over their earthquake insurance premium and the ability...
Business Moves – Southeast
Jul 2 2012 // Gallagher, Whitehaven Illinois-based global insurance broker Arthur J. Gallagher & Co. has acquired Whitehaven Insurance Group, Inc. in Gulf Shores, Alabama. Terms of the transaction were not disclosed. Founded in...
