Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
Florida Regulators Set Date for Citizens Public Rate Hearing
Aug 15 2017 // The Florida Office of Insurance Regulation (OIR) announced it will conduct a rate hearing on Aug. 31, 2017 to receive public comment on Citizens’ proposed rate changes for its business in the Coastal Account (CA),...
USI Southwest Names Glover Property/Casualty Practice Leader for North Texas
Aug 11 2017 // The Southwest region of USI Insurance Services (USI) appointed Joshua Glover as the property/casualty practice leader for North Texas. Glover will be based in USI’s Dallas office, reporting to Jack Wagner, USI...
Liberty Mutual Enhances Commercial Insurance Property Form
Aug 9 2017 // Liberty Mutual’s has launched a new proprietary Premier Property Protector all-risk policy to accommodate all of a broker’s single carrier and shared and layered property coverage needs. According to Mike...
Berkshire Hathaway Reports Losses on Re/Insurance Underwriting in Q2
Aug 7 2017 // Warren Buffett’s Berkshire Hathaway insurance and reinsurance businesses lost money or gained less in underwriting in the second quarter and first six months of 2017 compared to last year while his railroad,...
Florida Office of Insurance Regulation Appoints New Chief of Staff, Deputy Commissioners
Aug 3 2017 // Florida Insurance Commissioner David Altmaier has appointed Michael Yaworsky as the new chief of staff for the Florida Office of Insurance Regulation (OIR), replacing former Chief of Staff Belinda Miller, who retired at...
Oklahoma Property Among Most Contaminated in Nation, EPA Says
Aug 2 2017 // The U.S. Environmental Protection Agency is proposing to add a property in central Oklahoma to the Superfund program’s list of most contaminated sites. The EPA announced Monday its intent to add Eagle Industries in...
Ironshore Taps Berkley Re Property Treaty Execs for Pembroke’s Patria Re Portfolio
Jul 18 2017 // Ironshore International’s Pembroke Managing Agency Ltd. has appointed two treaty property leaders to join the Patria Re underwriting team. Nicolas Benardout has been appointed divisional director while Jack Bunting...
Property Damage from June Storms in Omaha Area Could Hit $400M
Jul 17 2017 // Property damage claims from separate June storms in the Omaha, Neb., area could top $400 million. The Omaha World-Herald reports that an estimated 52,000 could be filed from June 16 and June 29 storms. State Farm...
People
Jul 10 2017 // Kansas City-based insurance broker Lockton has named Jeff Henningsen as president of its Houston property/casualty insurance operation. Henningsen will take on an expanded leadership role in business development for the...
Injuries, Property Damage Reported from Tornadoes in Iowa, Wisconsin
Jun 30 2017 // Thunderstorms that spun off tornadoes as they rumbled across Iowa injured at least two people, mowed down crops and damaged homes and farm buildings. In Wisconsin, at least one person was reported injured, as...
Intellectual Property Risks May Not Be Covered by Traditional Products: TMK Expert
Jun 29 2017 // Many clients are unaware that intellectual property (IP) risks are frequently inadequately covered by traditional insurance products and, as a result, they actually could be “dangerously underinsured” due to...
Nance Named EVP, E&S Property Business, at AXIS Insurance
Jun 28 2017 // AXIS Insurance, a business segment of AXIS Capital Holdings Limited, has appointed Marc Nance executive vice president, Excess & Surplus Property. He is based in Chicago. Nance is responsible for growing and managing...
Partners Specialty Group Adds Swett & Crawford’s Coelho in Kansas City
Jun 23 2017 // Partners Specialty Group Inc., an AmWINS Group Co., has added Michael Coelho to its property team. He is based in Kansas City, Mo. With almost 30 years of experience in the insurance industry, Coelho specializes in...
XL Catlin Promotes E&S Property Insurance Regional Leader in Boston
Jun 23 2017 // XL Catlin’s excess and surplus (E&S) insurance team has promoted Caitlin Murphy from senior underwriter to the role of eastern regional vice president of E&S Property. In her new role, Murphy will direct...
House Committee Adds 5 More Bills to Its Flood Insurance Reform Package
Jun 22 2017 // The House Financial Services Committee advanced five flood insurance proposals on Wednesday, adding to the two bills it passed last week. The House measures seek to reform and reauthorize the National Flood Insurance...
Cape Analytics Now Offering Property Data in 8 Additional States
Jun 22 2017 // Cape Analytics, a start-up that relies on machine learning, computer vision and geospatial imagery to produce propriety property data for insurance carriers and others, is expanding. After a start in Florida, the...
People
Jun 19 2017 // West Des Moines, Iowa-based GuideOne Insurance has named Jessica E. Clark as the company’s new chief executive officer. Bringing nearly 20 years of leadership experience in property and casualty insurance, Clark...
Loppnow Joins Lockton as Property/Casualty Unit Manager in Milwaukee
Jun 15 2017 // Kevin Loppnow has joined Lockton’s Milwaukee office as a property/casualty unit manager. Loppnow is an industry veteran with more than 25 years of experience as a property/casualty strategist. He previously worked...
Florida Court Rules Property Insurer Liable for Shortfall in Policy Benefits Promised by Agent
Jun 15 2017 // A Florida state Court of Appeal reversed the dismissal of a claim for negligent procurement of property insurance, because, when placing the coverage, the insurer’s agent failed to account for a reduction in...
Worley Acquires Massachusetts’ Apex Claims Service
Jun 9 2017 // Worley Claims Services LLC (Worley), a provider of insurance claims services in the U.S., has acquired Apex Claims Service of New England LLC (Apex), a provider of daily and catastrophe commercial and residential property...
