Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
4 Reasons Your Insured Wants Ordinance or Law Coverage
Jan 3 2018 // I am very much like other people in that I like to take time off during the holiday season. It’s a time for me to rest, relax, refresh, and reflect. OK. Who am I kidding? You know what happens during the holiday...
Seeman Holtz Property & Casualty Acquires J & A Insurance of Florida
Jan 3 2018 // Florida-based Seeman Holtz Property & Casualty, Inc. has acquired J & A Insurance and More, Inc., headquartered in West Palm Beach, Florida. Led by Jacqueline Estevez and her team, the company has offered...
Property Reinsurance Rates Rise Less Than Expected in Jan. 1 Renewals
Jan 2 2018 // Global property reinsurance prices have risen less than expected in the key Jan. 1 renewal season, with strong competition limiting increases to single digit percentages following a record year of losses, brokers said on...
RightSure Acquires Auto & Property Insurance Solutions in California
Jan 2 2018 // RightSure Insurance Group has acquired California-based Auto & Property Insurance Solutions. Auto & Property Insurance Solutions is RightSure’s 14th book of business acquisition. Auto & Property Insurance...
Florida Could Be Close to a Real Estate Reckoning
Jan 2 2018 // Ross Hancock sold his four-bedroom house in Coral Gables, a city of pastel luxury at the edge of Miami, because he was worried that sea-level rise would eventually hurt his property’s value. He and his wife, Darlene,...
What They Are Saying About Effects of Trump Tax Cuts on Insurance Industry
Dec 22 2017 // Congress has passed and President Donald Trump has signed the Tax Cuts and Jobs Act (HR1) into law. It is the biggest tax change in 30 years. Under the legislation, insurers, agencies and other businesses organized as C...
Florida Residential Property Insurer Approved to Do Business in Arkansas
Dec 22 2017 // Arkansas Insurance Commissioner Allen Kerr has granted a Certificate of Authority to a Florida insurer to begin selling residential property insurance products in Arkansas. Gainesville, Fla.-based Tower Hill Signature...
Sompo’s Nardiello Joins CNA Commercial’s Large/Complex Property Underwriting Team
Dec 21 2017 // CNA announced the appointment of Michael Nardiello as senior vice president of underwriting for Large/Complex Property. In this role, Nardiello will be based in New York City and report to Kevin Leidwinger, president and...
Energy Property Broker Batten Joins All Risks Ltd. in Dallas
Dec 21 2017 // Independent wholesale insurance broker All Risks Ltd. has added Nancy Batten as energy property broker in its Dallas office. Batten has nearly 30 years of experience in the insurance industry on the wholesaler side. Most...
Volante Global to Launch in Q1 2018 as Multi-Class International MGA Platform
Dec 20 2017 // Volante Global Ltd., a new multi-class and multi-territory international managing general agent (MGA) platform, will launch and commence trading during Q1 2018, subject to Lloyd’s coverholder approvals where...
Leadership Changes Coming for Louisiana Citizens Property Insurance
Dec 19 2017 // The Louisiana Department of Insurance reported that the leadership of Louisiana Citizens Property Insurance Corp. will change in 2018. Two long-serving employees, Chief Operating Officer Vijay Ramachandran and Chief...
Chubb Names Booker Major Commercial Lines Property Accounts Senior VP
Dec 19 2017 // Chubb has named Matt Booker, as senior vice president, Major Accounts Property, in the United States. In this capacity, he will have responsibility for underwriting, strategy, production, product development, management,...
Language Lessons for Property/Casualty Insurers
Dec 18 2017 // InsurTech leaders speaking at the InsureTech Connect Conference in October had a message for traditional insurers they have probably heard before: The language that insurance agents and carriers use is creating a gulf...
Florida Approves Statewide Homeowners Rate Increase of 6.6% For Citizens
Dec 18 2017 // The Florida Office of Insurance Regulation (OIR) has approved statewide rate increases on 2018 personal and commercial property insurance rates for Citizens Property Insurance Corp. OIR approved a statewide increase of 6.6...
Louisiana Citizens Property Insurance Policy Count Continues to Drop
Dec 15 2017 // The Louisiana Department of Insurance (LDI) estimates that the state’s property insurer of last resort has gone from the third largest property insurance company to the 35th in 10 years. The eleventh round of...
Chubb Appoints Church as Head of International Property
Dec 15 2017 // Chubb announced the appointment of Brian Church as executive vice president and head of International Property for Chubb’s Overseas General business, effective Jan. 1, 2018. In this role, Church will have...
Lockton Adds Former Marsh Exec Gillmon to Southeast Property Team
Dec 15 2017 // Lockton has added Brett Gillmon to its Property team as senior vice president. Gillmon will serve as a national resource working closely with the U.S. Property leader Mike Andler, and will provide service and property...
Former Hartford Underwriter Reese Joins Pioneer Underwriters’ Georgia Team
Dec 13 2017 // Pioneer Underwriters has appointed Kellie Reese as an underwriter in its recently launched E&S Property operation. She will report to Dave Phillips, based in Alpharetta, Ga. Reese has almost 30 years of experience as a...
Special Reuters Report: The High Cost of Building in High Flood Risk Areas
Dec 12 2017 // When Hurricane Harvey sent two feet of water rolling into this small community about 35 miles north of Houston, Alfredo Becerra had to flee his modest 1,500-square-foot house. Muddy floodwater submerged the furniture and...
Florida Approves 6.6% Statewide Homeowners Rate Increase for Citizens
Dec 7 2017 // The Florida Office of Insurance Regulation (OIR) has approved statewide rate increases on 2018 personal and commercial property insurance rates for Citizens Property Insurance Corp. OIR approved a statewide increase of 6.6...
