Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
Florida Accidents Leave Injuries, Death, Property Damage
May 16 2022 // Small Plane Crash on Miami Bridge Kills Man A small plane with three people aboard crashed Saturday on a bridge near Miami, striking an SUV with three occupants and killing the pilot of the plane, the Federal Aviation...
People Moves: QBE Hires RSA’s Germain as Group CIO; MS Amlin Taps AXIS’ Ferguson for Open Mkt. Property; Generali Names 3 for Italy, Global Business Lines
May 16 2022 // This edition of International People Moves details appointments at QBE Insurance, MS Amlin, and Generali. A summary of these new hires follows here. QBE Hires RSA’s Germain as Group Chief Information Officer QBE...
Insurtech Honeycomb to Write Property Policies in Texas
May 4 2022 // The Texas Office of the Commissioner of Insurance has given insurtech startup Honeycomb approval to write policies statewide. The digital insurer has built proprietary technology specifically for the estimated hundreds of...
Peter Friend Joins Specialty Property Program Team as Senior Underwriter
Apr 28 2022 // ATLANTA, Ga., April 28, 2022 — Breckenridge Insurance welcomes Peter Friend as senior underwriter to its specialty property program team. Friend has more than 15 years of experience in the industry having worked across...
People Moves: Aon Names Ferreira LatAm CEO of Reinsurance Solutions; Fidelis Promotes Herget in D&F Property; MGA DUAL Europe Names Ghilosso as Chair
Apr 12 2022 // This edition of International People Moves details appointments at Aon, Fidelis Insurance and MGA DUAL Group. A summary of these appointments follows here. Aon Names Ferreira as LatAm CEO of Reinsurance Solutions, Muñoz...
People Moves: WTW Names Aon’s Day as Head of Int’l Property; TMK Hires Spyropoulos From Lloyd’s as Asia Regional MD; HDI Global Mexico Makes Management Changes
Apr 7 2022 // This edition of International People Moves details appointments at Willis Towers Watson (WTW), Tokio Marine Kiln (TMK), and HDI Global. A summary of these new hires follows here. WTW Names Aon’s Day as Head of...
Property Catastrophe Reinsurers Show Greater Risk Appetites as Price Hikes Continue
Apr 1 2022 // Reinsurers have boosted their 2022 probable maximum loss (PML) exposures as higher prices continues to attract more capital to property-catastrophe risks, according to Moody’s Investors Service. Reinsurers’...
People Moves: TigerRisk Boosts Delegated Authority Offering; Mosaic Expands M&A Liability Team With 4 Hires; MGU Carbon Names Chubb’s Turner as Property U/W
Mar 30 2022 // This edition of International People Moves details appointments at broker TigerRisk Partners, Mosaic Insurance and MGU Carbon Underwriting. A summary of these new hires follows here. TigerRisk Partners LLC, a leading risk,...
People Moves: WTW Hires MS Amlin’s Singh; Optio Names Hartford’s Robinson as MD; MS Amlin Adds Sirius’ O’Donnell to Property
Mar 9 2022 // This edition of International People Moves details appointments at Willis Towers Watson, Optio Group and MS Amlin. A summary of these new hires follows here. WTW Hires MS Amlin’s Singh for Climate Analytics, Exposure...
Cyber Market Primed to Grow and Eclipse Property by 2040: Gallagher Re
Mar 7 2022 // Following a pause to stabilize the vessel, the cyber market is poised for a wave of growth that could make it larger than the property catastrophe market by 2040, according to Gallagher Re. In fact, if the cyber market...
Markets/Coverages: Take1 Features Film Producers Package; Pathpoint Now Serving Restaurants; Nexus Specialty Targets Management Liability
Mar 4 2022 // Take1 Introduces Coverage for Documentary, Industrial, Commercial, and Educational Film Producers Thanks to the growing number of broadcast, cable and streaming platforms, the market demand for recorded filmed content has...
Property, Motor Vehicle Insurance Claims From Severe Australia Floods at A$900M and Rising
Mar 4 2022 // Property and auto insurers in Australia have received 60,163 claims related to the ongoing disastrous flooding in South-East Queensland and New South Wales. Based on previous flood events, the Insurance Council of...
Customer Satisfaction Scores Drop for Property Claims: J.D. Power
Mar 4 2022 // J.D. Power says frustration with slower claim cycle times and a rough transition to digital channels contributed to the lowest customer satisfaction score for property claims in five years. Overall customer satisfaction...
Could the Ukraine Crisis Move Florida to Fix Its Insurance Crisis?
Mar 2 2022 // With the March 11 scheduled close of its regular session fast approaching, the Florida Legislature remains so focused on putting the finishing touches on its various culture-war signaling bills that one might think...
Ohio Supreme Court Hears Lawsuit Over Company’s COVID Losses
Feb 28 2022 // An Ohio business says its insurance company must compensate it for financial losses suffered during a pandemic-related shutdown. The insurance company refused to pay, saying its policy didn’t cover such losses. The...
Cyber Market Primed to Grow and Eclipse Property by 2040: Gallagher Re
Feb 23 2022 // Following a pause to stabilize the vessel, the cyber market is poised for a wave of growth that could make it larger than the property catastrophe market by 2040, said Gallagher Re. In fact, if the cyber market continues...
Prime Insurance Company and Prime Property & Casualty Insurance Inc. Announces the Appointment of New Board Member
Feb 23 2022 // Ms. Richards states, “It is an honor to serve a carrier so dedicated to fighting for justice on behalf of our insured partners.” Chicago, IL, February 23, 2022 — Rick J. Lindsey, President, CEO and Chairman...
8th Circuit: Insurer Owes Nothing to Arkansas Man Who Lied on Proof of Loss Statement
Feb 23 2022 // After his house burned down in 2015, Rick Merechka turned in a sworn proof of loss statement telling his insurance company that the replacement value of his household goods was $607,640. But in December 2010, Merechka and...
Florida Appeal Courts Side with Insurers in Attorney Fees, AOB and PIP Cases
Feb 23 2022 // From attorneys’ fees to water damage to reimbursement limits in no-fault auto insurance, Florida appeals courts have sided with insurers in several cases in recent days. Here’s a look: Attorney Fees and Another...
Another Big Insurer Stops Writing Homeowners Policies in Florida
Feb 21 2022 // The Florida property insurance market is showing more signs of trouble, with one of the state’s largest carriers deciding to stop writing new homeowner business in the state — while also asking for a rate...
