Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
Impact of Recent Natural Catastrophes on Insurance Market
Nov 20 2017 // Brokers and insureds are wondering what impact the devastation left by Hurricanes Harvey, Irma, Maria and Nate will have on property insurance rates, capacity and coverage terms. Short term, there will likely be an...
Grapes of Wrath: Insurance Fallout from the Wine Country Wildfires
Nov 20 2017 // Now that this October’s wine country fires have been contained, the ravaged San Francisco Bay area countryside can begin the rebuilding process. The effects of the wildfires, however, will be further reaching than...
Barbican Insurance Launches U.S. Specialty Property MGA Targeting Southeast, Gulf Coasts
Nov 17 2017 // Barbican Insurance Group has launched Barbican Specialty US, a new managing general agency (MGA) providing wholesale excess and surplus (E&S) property insurance for small-to-medium-sized commercial operations along the...
House Passes Flood Insurance Program Extension with Reforms
Nov 15 2017 // The House of Representatives on Tuesday voted 237-189 to pass the 21st Century Flood Reform Act (H.R. 2874) – a package of seven bills that reauthorizes the National Flood Insurance Program (NFIP) until 2022 and...
Austin American-Statesman: Texas Has 100s of Substandard Dams in Populated Areas
Nov 14 2017 // The earthen dam on the outskirts of Georgetown in Texas’ Williamson County certainly does not look flimsy. The Austin American-Statesman reports at 35 feet high and nearly a third of a mile long, it has done a...
Seeman Holtz Property & Casualty Acquires Check Out Insurance in Dallas
Nov 13 2017 // Boca Raton, Florida-based Seeman Holtz Property & Casualty Inc. has acquired Check Out Insurance LLC, headquartered in Dallas. Check Out Insurance will be joining the Primera Capital team to bring a solid book of...
Everyone in Insurance Must Act in Good Faith
Nov 8 2017 // Think about an insurance policy for a minute. What is it for? Why buy it and for that matter, why sell it? Let’s not go to doubting our profession, but give it some thought. Why do people buy insurance? There are...
Cyber Risk Is Putting Pressure on Property Insurance Underwriters
Nov 6 2017 // Property underwriters are feeling the pressure as cyber has become an increasing source of risk within the property insurance industry, according to panelists at Advisen’s 2017 Cyber Risk Insights Conference, held...
Does a CPP Cover Trees Knocked Over by a Hurricane?
Nov 6 2017 // When a hurricane blows through, it isn’t just the trees on a homeowner’s property that could be damaged. There could be trees on a business’ property that are damaged as well. Does the commercial property...
Lockton Taps Davies from JLT as SVP, Property, in Bermuda
Nov 3 2017 // Lockton, the world’s largest privately held insurance broker, has appointed Gareth Davies as senior vice president, Property, in Bermuda. He will focus on growing the business, particularly in the property area, in a...
J.M. Wilson Hires Kane as Assistant Property/Casualty Underwriter in Illinois
Nov 2 2017 // Managing general agency and surplus lines broker, J.M. Wilson, has hired Brian Kane as assistant property/casualty underwriter in its Arlington Heights, Illinois, office. Kane has more than 17 years of experience in the...
Stephens Insurance Adds Property/Casualty, Benefits Expertise in Houston
Nov 2 2017 // Stephens Insurance LLC, an affiliate of Stephens Inc., has hired industry veterans Leigh Ellis and Will Ogilvie in its Houston office. Ellis joins Stephens as a senior vice president in the commercial property/casualty...
Why Is THAT Excluded?
Nov 1 2017 // Exclusions. Insurance policies are full of them. I’ve been reading some policy forms lately. Some to study, others because they’re interesting to me. It’s kind of a sick hobby, I’ll admit, but...
Why States Should Drop Insurance Anti-Rebating Laws: Viewpoint
Oct 31 2017 // For the commercial property and casualty, and employee benefits segments of the insurance industry, anti-rebating laws are both nonsense and anti-consumer. Competition is intended to protect competitiveness in the...
Seeman Holtz Property & Casualty Acquires Indiana’s Williams & Associates
Oct 25 2017 // Boca Raton, Florida-based Seeman Holtz Property & Casualty Inc. has acquired Williams & Associates Insurance, headquartered in Indianapolis, Indiana. Led by Scott Davis, Williams & Associates has offices in...
Doesn’t Special Form Mean Everything has Special Coverage?
Oct 25 2017 // Over the last several weeks, I’ve been looking at several policy forms because of different writing and teaching assignments. I’ve been looking especially at property forms. One way that property insurance has...
Insurers Weigh Premium Hikes for UK’s Tall Buildings After Grenfell Tower Fire
Oct 23 2017 // Insurers are considering raising premiums for tall buildings in Britain with flammable cladding panels and no sprinklers or even excluding related risks following the Grenfell fire in London earlier this year. Inquiries...
CoreLogic: Hurricane Nate Property Damage Could Top $1B
Oct 23 2017 // Hurricane Nate preliminary loss estimates are estimated to be between $650 million and $1.35 billion, according to CoreLogic. The loss estimates were calculated based on data analysis, total insured and uninsured loss for...
BHSI Introduces Motor Truck Cargo Legal Liability Insurance in Canada
Oct 19 2017 // Berkshire Hathaway Specialty Insurance (BHSI) announced it has expanded its inland marine product line in Canada with the launch of its Motor Truck Cargo Legal Liability policy, a new product that protects against the...
Does a CPP Cover Trees Knocked Over by a Hurricane?
Oct 18 2017 // Last week we entered into a discussion of downed trees, in particular, trees downed by a hurricane. We spent our time dealing with the HO-3 policy and how it responds. If you didn’t catch that, take a look at last...
