Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
New York Court Affirms Gas Company on the Hook for Environmental Cleanup Costs
Mar 29 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...
How Will London’s Position as Global Financial Center Be Affected by Brexit?
Mar 28 2018 // Is London’s position as the largest international center of finance slipping as a result of Brexit? London has been a critical artery for the flow of money around the world for centuries. The financial services...
$250K in Stolen Property Uncovered in Oklahoma Burglary Raid
Mar 22 2018 // An investigation continues in east-central Oklahoma after deputies found about $250,000 in stolen property while raiding a burglary stash house. The Shawnee News-Star reports that some of the stolen items discovered by...
Firearms: What is Our Responsibility?
Mar 21 2018 // Last week, we spent a little time answering the questions about how our homeowners’ policies cover firearms. Now let’s handle a question that’s a little more touchy. What do we do about it as insurance...
JLT Specialty USA Names Marsh’s Forbes as Senior Vice President for U.S. Property
Mar 20 2018 // Global specialty broker JLT Specialty USA said it has appointed Josh Forbes as senior vice president with its U.S. property team. Forbes will serve real estate clients by leveraging his experience in the field. Based in...
Brit Names Walker from Marsh as Head of UK Property
Mar 19 2018 // Brit Ltd. announced it has appointed Neil Walker as head of UK Property. In this role, Walker reports to Tom Hillier, divisional director, Specialist Liability. Walker brings over 20 years’ of experience in the...
Buyers Aren’t Happy With Their Cyber Insurance: J.D. Power
Mar 19 2018 // On any given day, it is hard not to read an article or report on some type of cyber topic. Cyber insurance is one of the key concerns within the insurance industry today and possibly one of the most misunderstood. In late...
Milliman Adds Property and Casualty Team to Tampa Office, Taps Rollins to Lead
Mar 16 2018 // Milliman Inc., a global consulting and actuarial firm, has added a property and casualty team to its Tampa, Fla., office in response to the growing demand for the firm’s property insurance analytics. It has tapped...
Markel International Ceases Writing London Open Market Property Business
Mar 16 2018 // Markel International, the London-based specialist insurance subsidiary of Markel Corp., will cease to write London open market property business with immediate effect. The development has no impact or implications for...
Munich Re Eyes Purchase of London Property, Which Could Become UK HQ: Sources
Mar 15 2018 // Munich Re, the world’s largest reinsurer, is in talks to acquire a plot that has approval for one of the tallest towers in the City of London financial district, people with knowledge of the plan said. The insurer is...
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,...
