property insurance News

Storm, Floods Cause Damage at Washington’s Mount Rainier National Park

Mount Rainier National Park was hit by flooding and landslides that closed all roads to the park and damaged roads, trails and buildings. The damage throughout the park is expected to be revealed as extensive as floodwaters recede and snow …

California Vineyard Spills Nearly 100K Gallons of Red Wine into River

More than 97,000 gallons of red wine spilled from a tank at a vineyard in Sonoma County and eventually leaked into the Russian River, an accident officials said could hurt water quality in the 110-mile tributary flowing into the Pacific …

Despite Wildfires, California Wine is Doing Just Fine – For Now

If you’re worried that wildfires might have created shortages of Northern California’s 2019 cabernet sauvignon, or even just imparted it with an undesirable smoky flavor, you can relax. The wine is just fine. For now. Despite a late October blaze …

Oregon Lawmakers Repealed Tsunami Zone Building Law

The Oregon Legislature has repealed a nearly 25-year-old law prohibiting new schools, hospitals, jails, and police and fire stations from being built in the state’s tsunami inundation zone. The Statesman Journal reported that coastal legislators, who pushed the bill, say …

UK-Based MGA EPUL Launches Coverage Solution for Unorthodox Property Risks in UK

European Property Underwriting Ltd. (EPUL), a commercial property managing general agent (MGA), has launched “Solutions,” a package of covers specifically designed to address the challenges that brokers face in placing cover for unorthodox property owner risks. This product provides cover …

Zurich Canada Names Steiner from RSA as Head of Property

Yvonne Steiner has been named head of Property for Zurich Canada. Steiner will be a member of the Zurich Canada executive team and will report to Zurich Canada CEO Saad Mered. Her first day at Zurich will be April 15. …

BHSI Names Heads of Marine (AXA’s Mairos) & Property (Zurich’s Mannion) in UK, Ireland

Berkshire Hathaway Specialty Insurance (BHSI) announced it has appointed Pedro Mairos as head of Marine, and Sean Mannion as head of Property, for the UK and Ireland. Mairos comes to BHSI with nearly two decades working in marine insurance around …

Coinsurance is the Insured’s Friend

Coinsurance. For some of us, that’s one of the worst words that I could write. You’re already mad at me and you haven’t even read the first paragraphs. For many of us, it’s a word that you barely noticed. You’ve …

Enviro Risks, Climate Change Lead Concerns in World Economic Report

Environmental risks continue to dominate long-term concerns, a new report shows. World Economic Forum’s Global Risks Report 2019 released on Wednesday included as collaborators Marsh & McLennan Cos. and Zurich Insurance Group, as well as academic advisers at the Oxford …

Hartford InsurTech Hub Announces 2019 Cohort of Startups

Hartford InsurTech Hub, powered by Startupbootcamp, has unveiled the 2019 cohort of startups for its acceleration program. The chosen startups cover a range of abilities, from property insurance claims to peer-to-peer insurance (P2P). The 10 teams, selected from more than …