Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
Worldwide Facilities Taps Holden as SVP, Property Broker in Atlanta
Mar 22 2019 // Worldwide Facilities has added Shane Holden to its Atlanta team as senior vice president/Property broker. Holden brings 25 years of insurance and risk management experience to his position at Worldwide Facilities. With...
Conservation, CarFax-Like Disclosure, Means-Test in Mix of Flood Insurance Reforms
Mar 21 2019 // The federal flood insurance program has a knack for inspiring ideas from reformers across the political spectrum on how to improve government. If some of today’s reformers get their way, flood insurance will become a...
Mass. Court Finds Insurer Duty to Defend Subcontractor in Property Damage Case
Mar 20 2019 // A Massachusetts Appeals Court has ruled that an insurance company is responsible for insuring alleged property damage caused by its subcontractor client, vacating an earlier Superior Court decision that the insurer has no...
RSG Affiliate PERse Opens Miami Office, Makes 3 Staff Appointments
Mar 20 2019 // PERse (Power.Energy.Risk), a managing general underwriter specializing in property and casualty insurance products for energy and power production facilities with a specialized focus on renewable energy, has opened a new...
Insured Property Loss for Northern Australia Floods Estimated at A$957M: PERILS
Mar 18 2019 // Initial insured property losses for floods that recently affected northern Queensland, Australia, and in particular the city of Townsville, are estimated at A$957 million, according to PERILS, the independent Zurich-based...
Aon’s New Ventures Group Focuses on Intellectual Property with Cochrane Named COO
Mar 18 2019 // Aon’s New Ventures Group (NVG), which was formed in October 2018 to accelerate Aon’s investment in innovative new solutions, is focusing its first efforts on intellectual property in order to help clients...
Wading into Flood Waters
Mar 18 2019 // Agents Should Place Added Focus on Coverage Differences in Expanding Private Flood Market It has been a long-held insurance axiom that flood is not considered an insurable peril due to its potentially catastrophic nature....
Consumer Advocacy in an Age of Consumer, Insurer Options
Mar 18 2019 // Today’s Insurance Consumer Advocates Are Tackling Some New and Old Issues Years ago, insurance consumer advocates in the states were most often focused on getting consumers access to insurance at fair prices. They...
3 Claims Areas Where Property Insurers Disappoint Customers
Mar 18 2019 // Property insurers are falling short in some areas of the claims process even as they earn high marks for overall customer satisfaction, according to the J.D. Power 2019 U.S. Property Claims Satisfaction Study. J.D. Power...
Delaware Lawmaker Loses Bid to Revive Lawsuit Over City Property
Mar 15 2019 // A Delaware lawmaker who owns a house damaged by a fire that started in an adjacent city-owned dwelling has lost her bid to revive a federal lawsuit. Rep. Stephanie Bolden, a Wilmington Democrat, claimed that the city...
Florida Governor Urges Lawmakers to Address AOB as Reforms Move Forward
Mar 15 2019 // Just over a week into the 2019 legislative session, insurance industry-supported bills aimed at reforming Florida assignment of benefits (AOB) abuse are making progress in the state legislature. Lawmakers in the Florida...
Marsh Launches Intellectual Property Product With Broad Defense Coverage
Mar 13 2019 // Marsh has launched IP Protect – an insurance product tailored to address organizations’ intellectual property (IP) risks. A proprietary Marsh policy, IP Protect is backed by Ambridge Partners, a managing general...
Aon, Insurtech Zesty.ai Partner to Enhance Property Underwriting with AI Data
Mar 13 2019 // Aon has formed a strategic alliance with Zesty.ai, a San Francisco-based insurtech startup, which uses artificial intelligence (AI) to enhance insurers’ property underwriting. Zesty.ai’s technology provides...
North Carolina Insurance Fraud Round-Up: January, February
Mar 13 2019 // The North Carolina Department of Insurance announced multiple fraud enforcement actions during the first two months of 2019. Insurance fraud costs American consumers approximately $80 billion dollars a year. According to...
CRC Group Launches Insurisk Brand, Partners with AMRISC on Property Products
Mar 12 2019 // CRC Group has launched Insurisk, a new brand name for its products. Additionally, CRC Group has formed an exclusive partnership with AMRISC, LLC to build new property products under the Insurisk name. Accirdubg to Dave...
Zurich Canada Names Steiner from RSA as Head of Property
Mar 12 2019 // 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...
BHSI Names Heads of Marine (AXA’s Mairos) & Property (Zurich’s Mannion) in UK, Ireland
Mar 11 2019 // 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...
Shares of China’s Largest Property Insurer PICC Begin Their Expected Steep Descent
Mar 11 2019 // Shares in China’s largest property insurer have started their descent back to Earth and according to analysts, it could be a prolonged and rocky journey. People’s Insurance Co. (Group) of China Ltd.’s...
Texas’ CRC Group Launches Insurisk Brand, Partners with AMRISC on Property Products
Mar 8 2019 // Dallas-based CRC Group, a distributor of wholesale and specialty insurance products, has launched a new brand name for its exclusive products — Insurisk. Additionally, CRC Group has entered into an exclusive partnership...
Aon Partners with Claim Central; Opens New Claims Center in Florida
Mar 4 2019 // Aon plc has established a strategic alliance with global insurtech firm Claim Central to digitize and streamline claim management capabilities and improve the customer experience through technology and services developed...
