Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
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...
What do Cupcakes, BBQ and Ethnic Fusion Have In Common?
Dec 4 2017 // They top the list of trending food trucks…and food trucks, in general, are definitely trending. With over 4,000 food trucks on the road today and an annual growth of 8% reported by IBISWorld, the trend is expected to...
Miner Dies on Blackhawk Mining Property in West Virginia
Dec 1 2017 // West Virginia mining officials say that a 28-year-old equipment operator for a coal mining company has died. The Office of Miners’ Health, Safety and Training says the incident occurred about 3 p.m. Tuesday on...
Index Shows Where People Are Moving in Next Few Months
Nov 30 2017 // It’s possible to know where in the country more homebuyers will be moving over the next 30 to 90 days, thanks to what’s called a “pre-mover” index. It turns out that the U.S. markets with the...
Florida’s Hurricane Irma Recovery: The Cost, The Challenges, The Lessons
Nov 30 2017 // The hurricane season is officially over, but it didn’t go by without leaving a major mark on Florida and its insurance industry. Hurricane Irma, a name most in the state won’t soon forget, first hit the Florida...
Four Reasons to Explore Underwriting Automation
Nov 28 2017 // This post is part of a series sponsored by CoreLogic. If you’re reading this blog, then you are likely interested in learning more about how you can make your company’s property underwriting process more...
