Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
7 Questions to Consider When Selling Flood Insurance
May 21 2018 // Any agent who has used the National Flood Insurance Program (NFIP) in the past to deliver flood insurance to clients knows all too well that trying to simplify the complexities of flood insurance in the midst of program...
Preferred Property Program Names Dow Vice President of Programs in New Jersey
May 18 2018 // Preferred Property Program (PPP), a national managing general agency, has named Wayne Dow vice president of programs. Dow will be joining the Bell Works office in Holmdel, N.J., to oversee the marketing of PPP products to...
Texas Calls for 2017 Commercial Property, Businessowners Premium Data
May 15 2018 // The Texas Department of Insurance has issued a special data call to companies writing direct commercial property or businessowners insurance in Texas catastrophe areas during calendar year 2017. The data call is necessary...
12 Indicted on Property Insurance Fraud Charges in Southeast Texas
May 11 2018 // A federal grand jury in Beaumont, Texas, has returned a 40-count indictment charging 12 individuals with federal violations related to a $1.7 million insurance fraud scheme in the Eastern District of Texas, U.S. Attorney...
Want Flood? Let the Market Make it Happen.
May 9 2018 // I spent a day last week in a conference that was focused on some specific risks that make up a property insurance gap nationwide. The morning was focused on one of my favorite soap boxes, flood. You guessed it. It’s...
Nationwide Ventures Backs Drone Data Startup Betterview
May 9 2018 // Nationwide has made an investment in Betterview, a machine learning insurtech startup that focuses on analyzing data from drones, satellite and other aerial imagery. Betterview said it will use the undisclosed amount of...
Why Agents Should Care About Underinsurance
May 8 2018 // This post is part of a series sponsored by CoreLogic. When it comes down to it, the biggest loser in a property that is underinsured is the homeowner who may not be able to rebuild their home to the way it was before a...
Hartford Insurtech Hub Gives 10 Startups Shots at Partnerships with Insurers
May 7 2018 // Emerging from a 10-week accelerator program, 10 technology-powered insurance startups presented ideas for enhanced customer engagement, cyber security, digital health, smart home products and supply chain management at the...
A.M. Best Ratings Recap
May 7 2018 // Upgrade: Nodak Insurance A.M. Best has upgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “a+” from “a” and affirmed the Financial Strength Rating (FSR) of A (Excellent) of Nodak...
People
May 7 2018 // Kristi Koncaba, president and chief operating officer at Texan Bank, has been appointed to the board of directors for workers’ compensation insurer, Texas Mutual Insurance Co. Koncaba has 15 years of experience in...
FEMA Proposes Allowing Owners to Rebuild Homes After Taxpayer Buyouts
Apr 26 2018 // The Federal Emergency Management Agency is proposing to allow owners of homes destroyed by storms and bought out by the government to rebuild on the same flood-prone land. Currently, FEMA offers to buy homes that have been...
The Simple Reason Homeowners’ Customers Need Replacement Cost
Apr 25 2018 // I’ve been thinking a lot about homeowners’ insurance lately. That might be because I’m in the middle of the BPIC (Basic Personal Insurance Course) and the last two sessions have been focused on...
Hartford Insurtech Hub Gives 10 Startups Shots at Partnerships with Insurers
Apr 23 2018 // Emerging from a 10-week accelerator program, 10 technology-powered insurance startups presented their ideas for enhanced customer engagement, cyber security, digital health, smart home products and supply chain management...
New York Court Affirms Gas Company on the Hook for Environmental Cleanup Costs
Apr 16 2018 // The New York Court of Appeals has ruled that KeySpan Gas East Corporation is responsible for costs to clean up environmental contamination caused by manufactured gas plants owned by its predecessor during years when there...
XL Catlin Adds Construction, Renovation Endorsement to Property Insurance Program
Apr 12 2018 // XL Catlin has added a Course of Construction (COC) coverage option to its Platinum Property insurance program to help businesses in the U.S. and Canada address construction risks associated with their property expansion...
What to Expect in Commercial Insurance Pricing for Rest of 2018: WTW Spring Forecast
Apr 12 2018 // Commercial property insurance rate increases are easing off initial spikes following 2017’s record natural catastrophe losses, but commercial insurance buyers still face upward pricing pressure on many lines of...
Insurance Wholesaler Socius Insurance Services Opens Dallas Branch
Apr 11 2018 // Socius Insurance Services Inc., a management liability and property/casualty insurance wholesaler, has opened a branch in Dallas — its first in Texas. Assistant Vice President of Property and Casualty Chris Barnes will...
New Endeavor Cyber Product Designed to Protect Manufacturers From Physical Damage
Apr 5 2018 // Delegated authority specialist and Lloyd’s Broker Endeavour Insurance Services has launched a new cyber security coverage program, Ensconce, designed to protect manufacturers from the risk of physical damage caused...
Michigan Priest Accused of $5M Embezzlement Sued by Diocese Insurer
Apr 3 2018 // A Michigan priest accused of embezzling more than $5 million now faces a civil lawsuit filed by the insurance company for the Catholic Diocese of Lansing. Rev. Jonathan Wehrle is charged with six counts of embezzling...
UK MGA Castel Specialty Launches Global Property Facultative Reinsurance Cover
Apr 3 2018 // Castel Specialty, the division of club-style MGA formation platform Castel Underwriting Agencies Ltd., has added a global property facultative reinsurance offering to its portfolio. Paul Witzenfeld joins Castel Specialty...
