Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
Texas Seeks Property Insurers’ Catastrophe Area Premium Data
May 3 2017 // The Texas Department of Insurance (TDI) has issued a special data call to companies writing direct commercial property or business owners insurance in Texas during calendar year 2016, seeking information that would help...
Legal Marijuana Stores Linked to Increased Property Crime
May 1 2017 // Legal marijuana shops are linked to higher levels of property crime in nearby areas, according to a nearly three-year study in Denver. Researchers found that crime isn’t higher in the area immediately surrounding...
Canada’s Desjardins Aims to Buy P/C Insurers: CEO Cormier
Apr 28 2017 // Desjardins Group is looking to acquire insurers, wealth managers and payments firms to expand further outside Quebec and challenge the dominance of Canada’s big financial services firms, Chief Executive Officer Guy...
Underwriting Questions in the Sharing Economy
Apr 26 2017 // Here at Insurance Journal’s Academy of Insurance, the idea of the sharing economy has been a front burner item lately. This week’s webinar is the third (and last) this year on the subject and the second in...
Ed Names Howden’s Plummer as Chairman of Property & Casualty
Apr 26 2017 // Ed, the London-based reinsurance, wholesale and specialty broker, announced the appointment of John Plummer as chairman of Property & Casualty. Plummer takes up his role with immediate effect. Plummer brings over 30...
Generali Expands in U.S. with Chicago, San Francisco Offices and 3 Hires
Apr 26 2017 // Generali is expanding its U.S. global corporate and commercial operations with the opening of offices in Chicago and San Francisco in a bid to grab more business from U.S. multinational companies. The Italian...
Neon Appoints Sirius’ Sethi as Senior D&F Underwriter
Apr 24 2017 // Neon has appointed Catherine Sethi as senior underwriter in its Property Direct & Facultative (D&F) team. Based in London, Sethi will report to Sam Yates, who joined Neon recently to lead the expansion and growth...
Breckenridge Insurance Services Welcomes Property Investor and Real Estate Owned Expert Thomas Elder, AU, ASLI to Team
Apr 24 2017 // Atlanta, GA, April 24, 2017 — Breckenridge Insurance Services announced insurance executive Thomas Elder, AU, ASLI, has joined the company as senior vice president/senior broker. Elder—a 17-year veteran of the...
Intellectual Property Coverage Presents Challenges in Private D&O
Apr 24 2017 // Physical property damage due to natural disasters, weather-related or man-made incidents, can be relatively straightforward to assess, but understanding how a different form of property causes damage can be a little more...
Climate Change And The Nightmare Scenario for Florida’s Coastal Homeowners
Apr 20 2017 // On a predictably gorgeous South Florida afternoon, Coral Gables Mayor Jim Cason sat in his office overlooking the white-linen restaurants of this affluent seaside community and wondered when climate change would bring it...
Insurer Fined More Than $200K in Delaware for Unfair Practices
Apr 20 2017 // The Delaware Department of Insurance, along with insurance regulators for forty-eight other jurisdictions, have reached a multi-million dollar settlement with Assurant Inc. regarding the company’s writing of...
Great American Insurance Promotes Kadnar in Property, Marine Division
Apr 17 2017 // Cincinnati, Ohio-based Great American Insurance Group has named Julie F. Kadnar divisional president of its Property and Inland Marine Division, succeeding Dale Kelley, who will retire in June 2017. Kadnar joined the...
AXIS Re Names XL Catlin’s Leahey as Senior Cat U/W for Europe, MENA
Apr 12 2017 // AXIS Capital Holdings Ltd. announced the appointment of Michael Leahey as vice president and deputy head of Catastrophe Underwriting for Europe, Middle East and North Africa (MENA), and Israel, for AXIS Re. In addition to...
Making a Federal Case Out of ‘Legal’ Marijuana Insurance Claims
Apr 11 2017 // Michael Johnston, the great, great grandson of the founder of one of the first Baptist churches in Texas, grew up being constantly warned about sin, including the evils of television and dancing. Thus it is a bit strange...
RMS Expands Range of ‘Cyber-Physical’ Models for Property Insurers
Apr 6 2017 // RMS, the Newark, Calif.-based risk modeling and analytics firm, announced the expansion of its range of cyber models to include a new class of “cyber-physical” models. These include a range of cyber attack...
PERILS Releases Updated Exposure Database
Apr 4 2017 // PERILS AG, the independent Zurich-based company that provides industry-wide catastrophe insurance data, has released the 2017 update of the PERILS Industry Exposure Database (IED). The updated database is composed of more...
Broad Intellectual Property Coverage Presents Challenges in Private D&O
Apr 3 2017 // Physical property damage due to natural disasters, weather-related or man-made incidents can be relatively straightforward to assess, but understanding how a different form of property causes damage can be a little more...
Insurtech Startups Take Note: Traditional Insurers Score Highest Ever Satisfaction Grades
Apr 3 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...
Florida Property Insurers Avoid Ratings Downgrades From Demotech, For Now
Apr 3 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 about the effects of assignment of benefits abuse and...
Allianz Insurance Launches Live Video Streaming Platform for Property Claims
Mar 31 2017 // Allianz Insurance, the U.K.-based subsidiary of Allianz SE, has launched a video streaming platform called Allianz Site View, which is designed to enhance its claims proposition by enabling customers to send images, video...
