Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
Proper Insurance Coverage for Construction Crucial in Avoiding Costly Litigation
Sep 3 2018 // If residential property owners don’t confirm proper insurance coverage and carefully consider labor laws when hiring contractors, they could be in for some costly litigation, according to two speakers at a July...
Virginia Reminds Homeowners to Review Property Coverage Before a Hurricane
Aug 30 2018 // Although hurricane activity in the Atlantic has been relatively quiet so far for 2018 with only five named storms to date, the Virginia State Corporation Commission’s (SCC) Bureau of Insurance is reminding Virginians...
Maday Joins J.M. Wilson as Assistant Property/Casualty Underwriter
Aug 29 2018 // Managing general agency and surplus lines broker J.M. Wilson has added Mark Maday as assistant property/casualty underwriter in the company’s Arlington Heights, Illinois, office. Maday is responsible for underwriting...
Finding the Missing Pieces in the Condo Insurance Coverage Puzzle
Aug 28 2018 // Have you ever watched someone try to finish a jigsaw puzzle with pieces missing? There are still a few hundred pieces to place, but there is one open space in the middle of a grove of trees that beckons to be filled. The...
Commercial Lines Premiums Up 2% in Q2: CIAB Survey
Aug 23 2018 // The trend of increasing commercial insurance premiums that began in the fourth quarter of 2017 continued last quarter. Average premiums across all sized accounts increased by 1.5 percent in Q2, according to The Council of...
Augmented Reality Property Claims Venture Raises $3.9 Million
Aug 21 2018 // PLNAR, an augmented reality service that creates, fully measured, real-time 3D models of any room, has raised $3.9 million in a Series A investment round led by insurtech and healthcare venture capital fund ManchesterStory...
A.M. Best Upgrades Ratings for Palisades Group, High Point Homeowners Group
Aug 20 2018 // Plymouth Rock Assurance has announced that A.M. Best Rating Services Inc. upgraded the financial strength ratings of the Palisades Group and High Point Homeowners Group to A- (Excellent). In addition, their long-term...
Seeman Holtz Property & Casualty Continues Expansion into Pennsylvania
Aug 17 2018 // Seeman Holtz Property & Casualty Inc. has continued its expansion into Pennsylvania with its acquisition of Merchants Preferred Insurance Services, headquartered in Erie, Penn. This acquisition will strengthen Seeman...
Extraordinary Re’s Extraordinary Idea for Trading Insurance Risks Like Stocks
Aug 15 2018 // Imagine there’s a way for institutional investors to trade insurance risks much like they trade stocks. Well, imagine no more. A new and unique reinsurer, Extraordinary Re, has hit upon the novel idea of creating a...
Poll: Most Floridians Say They’re Prepared for Hurricanes, But Not Covered for Flood
Aug 14 2018 // Last year’s intense hurricane season has motivated most Florida residents to prepare for hurricanes that could hit the state this year, according to a recent survey by the Property Casualty Insurers Association of...
Global Commercial Insurance Prices Rise for 3rd Consecutive Quarter: Marsh
Aug 10 2018 // Global commercial insurance prices rose in the second quarter of 2018, marking the third consecutive quarter of increases, according to Marsh’s “Global Insurance Market Index.” These average increases...
New Betterview Roof Report Determines Condition, Characteristics
Aug 9 2018 // Drone inspection company Betterview has released Property Profile – a new way to get a deep understanding of the characteristics and risks of a property and its roof. Betterview’s Property Profile uses satellite...
A Reason We Speak Insurance – It’s What We Read
Aug 8 2018 // I think I get it now. Everything is starting to make more sense than ever before. Sorry, maybe I should catch you up on my thoughts. I’ve been wondering why it is so hard to read insurance policies. And why we...
Seeman Holtz Property & Casualty Acquires JEM Insurance of Florida
Aug 7 2018 // Seeman Holtz Property & Casualty, Inc. is has acquired JEM Insurance Services, Inc, headquartered in Boca Raton, Fla. JEM Insurance Services has been serving the South Florida area for over 13 years. The agency offers...
PCI: Majority of Texans Not Prepared for Hurricane Season
Aug 6 2018 // A large majority of Texas residents are not taking necessary steps to protect their property this hurricane season despite the aftermath of Hurricane Harvey, according to a new poll conducted online by SurveyMonkey on...
Casualty: The Next ILS Frontier?
Aug 6 2018 // Executive Summary: While progress has been made in the development of casualty insurance-linked securities (ILS), there still is significant work to do, says Aaron C. Koch of Milliman, who discusses some of the key...
People
Aug 6 2018 // Risk management services firm, Hanover Stone Partners, has tapped Ellen Shew Holland to lead its newly established national higher education practice. She is based in Dallas. Shew Holland will lead a practice that will...
The Condo Coverage Puzzle
Aug 6 2018 // Have you ever watched someone try to finish a jigsaw puzzle with pieces missing? There are still a few hundred pieces to place, but there is one open space in the middle of a grove of trees that beckons to be filled. The...
Aspen MGA, Tower Hill Specialty Partner on Property Programs in Texas
Jul 26 2018 // Aspen Managing General Agency, a division of Atlanta-based Allstar Financial Group, has partnered with Tower Hill Specialty (THS) to offer property insurance programs in Texas. Tower Hill Specialty offers a range of...
I’m moving. What about my stuff? Part 2.
Jul 25 2018 // Last week, we talked about how my move impacts my renters insurance. If you missed that one, you can read it here. We still need to talk about what happens while it’s on the move. Now that I’m thinking about...
