Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
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...
Lloyd’s Broker AFL Creates Property Practice, Led by Crouch from Lockton
Oct 16 2017 // Lloyd’s broker AFL Insurance Brokers Ltd (AFL) announced the appointment of Neil Crouch to lead its new wholesale property practice. Previously head of broking at Lockton, Crouch will pioneer the company’s...
The Complicated Risk Exposures of Property Managers and Investors
Oct 16 2017 // What you hear on the radio and TV about “flipping,” renting, or managing residential or commercial properties and reality are two different worlds. The lives of property managers and real estate investors are...
Catastrophes and the Property Market
Oct 16 2017 // Powered by InsuranceJournal.tv The catastrophe exposed property and habitational markets could be in for some changes following this year’s active hurricane season. Joe Morrello, head of excess and surplus (E&S)...
Argo Names The Hartford’s Higley to Head U.S. Property, Inland Marine
Oct 13 2017 // Specialty insurer Argo Group International Holdings has appointed David Higley as head of U.S. property and inland marine. Higley will report to Ron Vindivich, president, E&S, Colony Specialty, and will lead the...
Developers Built Homes Inside Houston’s Reservoirs. But No One Warned Buyers.
Oct 12 2017 // Note: This story was originally published by the Texas Tribune and ProPublica. When Jeremy Boutor moved to a master-planned community in Houston’s booming energy corridor, he saw it as idyllic. Lakes on Eldridge...
It’s Complicated: U.S. Business Stance on China Over Intellectual Property Theft
Oct 11 2017 // U.S. businesses and trade groups are split over how forcefully to crack down on China over intellectual property theft, with some arguing the country is making progress on its own in enforcing protections and urging the...
Lockton Mountain West Names Rider to Property/Casualty Team
Oct 5 2017 // Robin R. Rider has been named a client services executive in Lockton’s Mountain West office. She will serve the Denver, Colo. and Las Vegas, Nev. offices as a member of the property/casualty team. She has been...
A.M. Best Upgrades Credit Rating of Farm Bureau Property & Casualty Group in Iowa
Oct 3 2017 // A.M. Best has upgraded the Long-Term Issuer Credit Rating to “a+” from “a” and affirmed the Financial Strength Rating of “A” of Farm Bureau Property & Casualty Insurance Co. and...
Florida Hurricane Irma Losses Keep Rising
Oct 2 2017 // With two Florida landfalls in the same day, Hurricane Irma’s destructive wind and flood damage could cost up to $65 billion for both insured and uninsured losses, according to a recent estimate by...
Analysts Expecting a Short-Term Hard Market for Property Risks
Oct 2 2017 // Damage left by Hurricanes Irma and Harvey will lead to a hardened property market and pricing correction, at least in the short-term according to a new KPMG survey. In related analysis, a new Morgan Stanley report...
Seeman Holtz Continues Florida Expansion With Acquisitions of 3 Agencies
Sep 26 2017 // Seeman Holtz Property & Casualty, Inc. has acquired three different agencies in Florida as part of its geographic expansion and continued growth throughout the United States. The three Florida agencies most recently...
Seeman Holtz Property & Casualty Acquires Austin’s RateGenius Insurance Agency
Sep 24 2017 // Seeman Holtz Property & Casualty Inc., based in Boca Raton, Florida, has acquired RateGenius Insurance Agency Inc., an affiliate of RateGenius, headquartered in Austin, Texas. Serving all of Texas for almost 10 years,...
How Home Values Track with High, Low Risk of Natural Hazards: ATTOM Data
Sep 22 2017 // Americans are still buying homes in areas with high risk of natural hazards and the homes in those cities continue to appreciate in value far faster than homes in low natural hazard locales. However, the effect on home...
Insurance Industry Tallies Irma’s Mounting Losses in Florida
Sep 22 2017 // With two Florida landfalls in the same day, Hurricane Irma‘s destructive wind and flood damage could cost up to $65 billion for both insured and uninsured losses, according to a recent estimate by...
After the Storm: Insurance Agents E&O Lessons Learned
Sep 20 2017 // Editor’s Note: This is a republication of a January, 2013 article by Sally Coombs, who was then with Fireman’s Fund Insurance Co, which is now integrated into Allianz Global Corporate & Specialty...
Travelers’ Cunningham Joins Liberty Mutual to Lead National Insurance Property
Sep 19 2017 // Liberty Mutual Insurance has appointed Gregg Cunningham as executive vice president, National Insurance, and general manager, National Insurance Property. Cunningham, who has 25 years of commercial insurance experience,...
Hurricanes to Usher in Short-Term Hard Market for Property Risks: Survey
Sep 18 2017 // Damage left by Hurricanes Irma and Harvey will lead to a hardened property market and pricing correction, at least in the short-term according to a new KPMG survey. In related analysis, a new Morgan Stanley report...
Seeman Holtz Property & Casualty Acquires DernCo Insurance in Wisconsin
Sep 18 2017 // Seeman Holtz Property & Casualty Inc. has acquired DernCo Insurance, headquartered in Milwaukee, Wis. Serving both Wisconsin and Colorado for more than 25 years, Rich Dern and his team have been offering a full...
