The Property Risk Insurance Specialist (PRIS) program was developed by Insurance Partners Academy and is contributed to by the Insurance Journal Academy of Insurance. PRIS allows agents, brokers, underwriters, risk managers, and insurance buyers to gain specialized knowledge in managing …
Nearly half of the U.S. property insurance policies renewed in the current quarter have been at higher prices, brokerage Marsh said on Friday, adding fuel to an industry turnaround after years of declining rates. Marsh said 48 percent of property …
The catastrophe property market seems to be moving away from soft market pricing conditions, but weak insurance demand and too much capacity is limiting insurers’ pricing power, a new report says. “The industry has weathered a tough year, and though …
Liberty International Underwriters (LIU), the global specialty lines division of Liberty Mutual Group, has opened an excess and surplus (E&S) property operation in Los Angeles to better serve the West Coast wholesale broker community. Chet Simmons, an insurance veteran with …
Wells Fargo Insurance Services USA Inc. and the National Affordable Housing Management Association (NAHMA) have launched a Multifamily Affordable Housing Insurance Program (MAHIP). The program is designed to meet the needs of the affordable housing industry nationally. As multifamily affordable …
Aspen US Insurance and Brownstone Insurance Agency have formed a partnership effective September 1, to bring underwriting and claims services to the commercial residential property market. This new partnership allows Brownstone Insurance Agency to offer additional services and coverages to …
Global insurance broker Marsh held a webcast on Sept. 21, where the firm’s analysts shared their views on the current business environment including the effects of Hurricane Irene and other catastrophes. The broker also offered an array of advice for …
NAS Insurance Services’ tenant discrimination insurance no longer includes co-insurance. NAS’ tenant discrimination insurance also includes full prior acts coverage, free choice of counsel and can be combined with employment practices liability insurance. Tenant discrimination insurance defends property owners from …
DeQuincy, La. residents will vote on a sales tax renewal that could help reduce property insurance premiums. Mayor Lawrence Henagan tells The American Press revenue from the half-cent sales tax is used to support public safety and fire protection. City …
XL Insurance has appointed Wade Pitman as senior vice president and Western senior executive for property. Pitman will be based in Los Angeles and will be responsible for managing property underwriting activities in California, Nevada, Arizona, Colorado, Washington and Oregon. …
