Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
1347 Property Insurance Holdings to Expand Into Florida Homeowners Market
Mar 28 2017 // Specialty property and casualty insurance holding company 1347 Property Insurance Holdings, Inc., (PIH), which currently offers insurance to individual and commercial customers in Louisiana and Texas through its...
Swiss Re Names Mitchell as Head of Property & Specialty Reinsurance
Mar 22 2017 // Swiss Re announced that Mike Mitchell, currently head Property Underwriting and Property & Casualty Facultative, Asia, will succeed Edouard Schmid as Swiss Re’s head Property & Specialty Reinsurance,...
Steamin’ Hot Markets: Cyber, Sharing Economy, Active Shooter, Construction, Mergers and More
Mar 20 2017 // Cyber Sharing Economy, Active Shooter, Construction, Mergers and More Insurance Journal examined industries experiencing changes, challenges, expansions and growth in the past year. For 2017, experts predict the U.S....
Texas Senate Committee Hears Testimony on Tweaked ‘Hail Litigation’ Bill
Mar 20 2017 // The Texas Senate Business and Commerce Committee on March 9 heard testimony on a revised bill that aims to limit the number of policyholder lawsuits filed against property insurance companies following severe weather...
Florida Property Insurers Largely Avoid Downgrades, For Now: Demotech
Mar 17 2017 // Ratings company Demotech is holding off on issuing large-scale ratings downgrades of Florida property insurers for now, after a number of insurers heeded its warning of last month about the effects of assignment of...
Lighthouse Property President White Acquires Equity Stake in Prepared Holdings
Mar 17 2017 // Current Chairman and President of Lighthouse Property Insurance Corp., Patrick L. White, has acquired an 89 percent ownership stake in Prepared Holdings, LLC and its wholly-owned subsidiaries including Prepared Insurance...
How to Help Hospitality Firms with Business Interruption Claims
Mar 15 2017 // Achieving fair recovery for business interruption losses is often one of the most challenging aspects of resolving commercial property insurance claims. This is especially true for hoteliers and others types of hospitality...
Author of Texas ‘Hailstorm’ Bill Says ‘Significant Changes’ Made
Mar 15 2017 // The Texas Senate Business and Commerce Committee on March 9 heard testimony on a revised bill that aims to limit the number of policyholder lawsuits filed against property insurance companies following severe weather...
China’s Anbang Insurance Group Denies Report of Kushner Property Investment
Mar 15 2017 // China’s Anbang Insurance Group said it is not investing in a flagship Manhattan office tower owned by the family of Jared Kushner, U.S. President Donald Trump’s son-in-law and senior adviser. Anbang Insurance...
Take This Lemonade and Startups: Insurers Garner Record High Satisfaction Grades
Mar 14 2017 // Those uppity insurtech startups might want to take note: About one of every 15 U.S. homeowners insurance policyholders files a claim each year and these claimants are now giving insurers their highest ever satisfaction...
UK’s Terrorism Reinsurer, Pool Re, Plans to Extend Cover to Include Cyber
Mar 13 2017 // Britain’s 6 billion pounds ($7.3 billion) terrorism reinsurance fund hopes to extend its cover to include cyber attacks on property, chief executive Julian Enoizi said. Pool Re, set up in 1993, acts as a backstop to...
China Set to Enact New Code on Civil Responsibilities, Rights
Mar 10 2017 // China’s Communist leaders will this week introduce sweeping new laws that codify social responsibilities for the country’s 1.4 billion citizens while also providing some modest new protections. The preamble of...
Proposed Oklahoma Bill Would Allow Property Owners to Destroy Drones
Mar 9 2017 // Proposed Oklahoma legislation heading to the Senate would exempt property owners from civil action if they destroy drones not regulated by the Federal Aviation Administration. The proposed bill, authored by Republican Sen....
Maximum Adds Christensen as Property/Casualty Producer in Omaha
Mar 8 2017 // Maximum, an independent, Chicago-based excess and surplus lines wholesaler, has added Bria Christensen as a producer in its Omaha, Neb., office. Christensen most recently held a wholesale brokerage position at Ascension...
Florida’s Avatar Partners Agrees to Acquire Elements Property Insurance Holdings
Mar 7 2017 // Avatar Partners LP, the parent company of Tampa, Fla.-based Avatar Property & Casualty Insurance Company (Avatar), has agreed to acquire Tallahassee, Fla.-based Elements Property Insurance Holdings LLC and its...
Best Practices for Hospitality Business Interruption Recovery
Mar 6 2017 // Achieving fair recovery for business interruption losses is often one of the most challenging aspects of resolving commercial property insurance claims. This is especially true for hoteliers and others types of hospitality...
Wraight Named Insurance Journal Academy Director
Mar 6 2017 // Patrick Wraight has been named the director of the Insurance Journal Academy of Insurance, a leading property/casualty insurance learning center that is part of the Wells Media Group. Wraight, an Army veteran, comes to the...
People
Mar 6 2017 // Bruce Carnegie-Brown will become the chairman of Lloyd’s following a meeting of the Council of Lloyd’s where his appointment as successor to John Nelson was approved unanimously. His appointment also was...
Nationwide Says Extreme Weather Brings Bigger Claims, Need for Disaster Plans
Mar 2 2017 // More extreme weather has led to more extreme insurance claims in the U.S. over the past few years. In a review of more than 100,000 commercial catastrophe claims during a 10-year period, Mark A. Anderson, a claims...
Homeowners in South Carolina County Seek Buyout of Flooded Property
Feb 21 2017 // More than two dozen Lexington County, S.C., residents are ready to sell their homes rather than repair the flood damage. The State newspaper reported that 28 homeowners are asking county officials to buy and demolish the...
