Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
How Does the Homeowners’ Policy Handle Firearms?
Mar 14 2018 // Once again, we find ourselves in the deeply political and emotional debate about guns, the second amendment, gun control, and safety. Last Friday, Florida’s Governor signed into law new gun control regulation...
Uber, Lyft and New York Loss Transfer
Mar 13 2018 // Ridesharing has officially arrived in New York, and confusion over New York no-fault insurance and PIP Loss Transfer has arrived with it. On June 29, 2017, the New York State Assembly approved and Governor Andrew Cuomo...
Commercial Insurance Prices Were Up Only Slightly in Q4
Mar 13 2018 // Prices for overall commercial insurance lines in the U.S. inched upward in the fourth quarter of 2017, although workers’ compensation and directors and officers liability prices actually declined and commercial auto...
Seeman Holtz Property & Casualty Acquires Self Insurance in Missouri
Mar 8 2018 // Seeman Holtz Property & Casualty Inc., headquartered in Boca Raton, Florida, has acquired a Sikeston, Missouri-based agency, Tri-Star of Sikeston Inc., doing business as Self Insurance. Now led by Brian Self, the...
Iron-Starr Excess Agency Increases Capacity for Property Risks
Mar 7 2018 // Iron-Starr Excess Agency Ltd. (Iron-Starr), an excess specialty insurance lines managing general underwriting agency operated by Ironshore, has expanded its relationship with Oil Casualty Insurance Ltd. (OCIL) to...
California OKs New Private Flood Insurance Product
Mar 6 2018 // California Insurance Commissioner Dave Jones has approved a new private flood insurance product The residential product, which Jones announced the approval of on Tuesday, is provided by American National Property and...
Managing Time Expectation for Claims Key to Keeping Homeowners Happy
Mar 6 2018 // Overall customer satisfaction among homeowners filing property insurance claims has reached a new all-time high, despite record-high property losses following a spate of hurricanes, earthquakes and fires in North America....
Property Owners Win $1M Jury Award in Ohio Turnpike Lawsuit
Mar 5 2018 // The owners of a parcel of less than a half-acre taken by Ohio’s turnpike commission for a construction project has won a $1 million judgment from a northeast Ohio jury for land the commission tried to acquire for...
People
Mar 5 2018 // Integro Insurance Brokers has named Jacquelyn Neal as a principal in the marine practice. Neal is based in the San Francisco, Calif., office. She will manage a book of existing marine clients and develop new cargo and...
People
Mar 5 2018 // The Main Street America Group, a super-regional property/casualty insurance company, has promoted Darryl Osman to vice president of personal lines. Osman remains based at the company’s home office in Jacksonville,...
S&P Lowers RenRe Holdings’ Ratings by One Notch on Competitive Pressures
Mar 2 2018 // S&P Global Ratings has lowered the long-term issuer credit rating on Bermuda-based RenaissanceRe Holdings Ltd. (RNR) to “A-” from “A” and its long-term financial strength and issuer credit...
Commercial Insurance Prices Rise in Q4 2017, Reversing 4½ Years of Rate Cuts: Marsh
Feb 28 2018 // Average global insurance pricing in the fourth quarter of 2017 increased for the first time since Q1 2013, driven largely by global property insurance pricing following the third quarter’s large catastrophe losses,...
Atlas General Insurance Services Expands Property Capabilities with Increased Limits and Capacity
Feb 21 2018 // San Diego, CA, February 21, 2018 – Atlas General Insurance Services, LLC (‘Atlas’), a national multi-line program administrator, announced today the continued expansion of their Property capabilities with...
Kemper Corp. Acquires Infinity Property & Casualty of Alabama for $1.4B
Feb 20 2018 // Birmingham, Ala.-based Infinity Property and Casualty were bought for $1.4 billion. Kemper Corp. acquired the auto insurance provider in a cash and stock transaction, making it one of the largest nonstandard auto insurers...
TDI: Nearly 670K Property Insurance Claims Generated in Texas by Hurricane Harvey
Feb 19 2018 // Hurricane Harvey resulted in nearly 670,000 in combined personal and commercial property insurance claims to private insurers, the Texas Windstorm Insurance Association (TWIA) and the Texas Fair Access to Insurance...
Aspen Ceases Underwriting Property Insurance from Bermuda Platform
Feb 16 2018 // Aspen Insurance Holdings confirmed on Friday, Feb. 16 that it has ceased underwriting property insurance on its Bermuda platform, effective immediately, as a result of the company’s 2017 catastrophe losses. The move...
Zurich’s Safi Joins Everest Insurance in Chicago as VP in U.S. Property Unit
Feb 15 2018 // Everest Re Group Ltd. announced Shaun Safi has joined the Everest Insurance U.S. Property team as vice president based in Chicago. Safi will oversee the retail property portfolio in the central region as well as the...
AFL Insurance Brokers Taps JLT’s Rowland, Alston Gayler’s Cavani for Property Team
Feb 15 2018 // Independent Lloyd’s broker AFL Insurance Brokers Ltd. hired re/insurance professionals Barry Rowland and Chris Cavani to augment its wholesale property team. Formerly a facilities and binder partner at JLT Re,...
Widespread Market Firming Unlikely Even as Property Rates Rise: WTW
Feb 15 2018 // Commercial property insurers are seeking double-digit rate hikes on catastrophe-exposed insurance programs following 2017’s record catastrophes; however, abundant capacity in the form of traditional and alternative...
Property Manager in Iowa City Ordered to Pay $5.6M in Worker’s Death
Feb 14 2018 // A prominent Iowa City landlord was ordered to pay $5.6 million in damages after jurors held him responsible for the 2014 death of a maintenance worker. A jury ruled that Jeffrey Clark, manager of Apartments Downtown Inc.,...
