Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
West Virginia Supreme Court: Driving Under the Influence on Private Property Illegal
Nov 4 2016 // The West Virginia Supreme Court has ruled that driving under the influence on private property is a crime. The Charleston Gazette-Mail reports that the Supreme Court’s 4-1 ruling last week reversed a Monroe County...
Chubb Expands BOP Coverage to Small Technology Firms
Nov 3 2016 // Chubb has expanded its business owner’s policy, Chubb BOP, to the technology industry with specialized insurance features and benefits for risks faced by small businesses in the technology segment. Chubb BOP for the...
Lockton Adds van Winden as Sr. VP, Energy Property Leader in Houston
Nov 2 2016 // Rene van Winden has joined Lockton as a senior vice president and national energy property leader based in the insurance broker’s Houston operation. He is an expert in onshore property insurance programs and will...
Georgia Orders Property Insurers to Report Hurricane Matthew Claims Data
Nov 2 2016 // The Georgia Department of Insurance is ordering all insurers operating in the state to report claims information related to Hurricane Matthew. The storm, which began its path through Georgia starting Oct. 7, is estimated...
Trick-or-Treating and Homeowners’ Liability for Injuries: A Guide
Oct 31 2016 // Halloween pranks. Google this phrase and more than 5 million results link you to a myriad of ways to “mess with peoples’ minds” on Halloween. Some of the recommended pranks require a higher education to...
Travelers Says Property-Related Claims Spike on Halloween
Oct 31 2016 // On Halloween, homeowners have more to worry about than running out of candy for trick-or-treaters. The Travelers insurance company says there are 24 percent more property crime-related claims on Halloween than an average...
Missouri-Based Wallace & Associates Adds Brown as Property/Casualty Producer
Oct 28 2016 // Wallace & Associates Insurance Agency, based in Jackson, Mo., recently hired Ron Brown as its property/casualty producer. In this position, Brown will handle automobile and home insurance for new and existing accounts,...
Coastal Wetlands Found to Reduce Hurricane Property Damage by 10%-30%
Oct 27 2016 // Coastal wetlands provide important natural protection during hurricanes. How much? Natural habitats reduced property damage by about $625 million in the Northeast during Hurricane Sandy in 2012, a new study supported by...
AIG Increases Property Terrorism Capacity to $1B
Oct 26 2016 // American International Group, Inc. (AIG) has raised its property terrorism insurance limits globally to $1 billion. The larger capacity is available to clients on a stand-alone basis or as expanded limits within...
Fischer Named VP, Property/Casualty Service Leader at Hylant
Oct 26 2016 // Ohio-based privately owned insurance brokerage firm, Hylant, has named Debbie Fischer to the newly created position of vice president, property/casualty service leader. Most recently, she was vice president, client...
1.8 Million Western U.S. Homes at Extreme or High Wildfire Risk, Report Shows
Oct 26 2016 // Things haven’t gone as bad as they could have so far in 2016 coming off last year’s record-setting wildfire season in the Western U.S., according to a report out today detailing wildfire risks to properties in...
Neon Bermuda Taps Chubb’s Hunt to Become SVP, Property Insurance
Oct 24 2016 // Neon announced it has appointed Dwayne Hunt to the role of senior vice president – Property Insurance, in Neon’s Bermuda office. Neon said it opened a Bermuda office earlier this year to provide greater access...
1347 Property Insurance Holdings Rethinking Growth Strategy
Oct 18 2016 // 1347 Property Insurance Holdings (PIH), a property/casualty insurance holding company offering insurance to individual and commercial customers in Louisiana and Texas through its subsidiary, Maison Insurance Co. , is...
Hurricane Matthew May Be Gone, But Insurance Industry’s Work is Just Starting
Oct 14 2016 // It’s been nearly a week since Hurricane Matthew ravaged the Southeast coast but the insurance industry’s job of responding to the devastation and assessing the total cost of damage from the storm is just...
Everest Insurance Adds AIG, Starr Veterans to Wholesale Property Teams in Boston, Tampa
Oct 10 2016 // Following last week’s appointment of Christopher S. Curtin as head of Wholesale Property, Everest Insurance has made a number of additions to its wholesale property division. Maria Grace joins Everest as vice...
Florida Coast Clean Up After Matthew Underway
Oct 9 2016 // Joan Galasso walked through the empty wreck of the waterfront seafood restaurant she and her husband started a quarter-century ago and was horrified. Hurricane Matthew had ripped away the deck where tourists had gathered...
Fitch: Matthew Losses Manageable for Florida Property Insurers
Oct 7 2016 // Hurricane Matthew will pressure the earnings of some insurance underwriters in Florida and other southeast states but is not expected to present a major capital challenge, Fitch Ratings says. Fitch estimates that if the...
Everest Taps Former Lexington Exec Curtin to Head E&S Property
Oct 6 2016 // Christopher Curtin has joined Everest Insurance as head of Excess & Surplus (E&S) Property. Curtin joins Everest as vice president and National E&S leader, based in the Everest Insurance Boston office. He will...
Florida Approves Increases for Citizens Commercial Property Rates
Oct 4 2016 // The Florida Office of Insurance Regulation (OIR) has issued an order establishing the 2017 commercial property rates for Citizens Property Insurance Corporation. Rates are going up for all accounts except the Commercial...
Texas Insured Property Losses Setting Record in 2016
Sep 29 2016 // Damaging hail storms and wide-spread flooding have caused record setting losses for both homes and automobiles this year in Texas, according to a state insurance trade group. This year’s insured losses for the first...
