Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
North Carolina Woman Accused of Filing $42K Property Claim With 2 Companies
Sep 29 2016 // A woman in North Carolina has been arrested and charged with insurance fraud for allegedly submitting a duplicate property claim, according to North Carolina Insurance Commissioner Wayne Goodwin. Kathryn Taylor Reynolds,...
Rash of Property, Auto Fires in Arkansas Town Thought to Be Arson
Sep 27 2016 // Police in Helena-West Helena, Ark., say six separate fires that caused about $120,000 in property damage are being investigated as arson. The first occurred on Friday close to a public housing development where...
The State of Property Crime in U.S.
Sep 27 2016 // Property crimes resulted in losses of $14.3 billion in the U.S. in 2015, with $4.9 billion of those losses due to motor vehicle thefts, according to the FBI’s Uniform Crime Reporting (UCR) Program. The FBI report,...
Ponderosa Insurance Introduces Self-Storage Property & Liability Program
Sep 26 2016 // Ponderosa Insurance Agency has introduced a self-storage property and liability insurance available directly to U.S. self-storage operators that includes more coverage such as flood and California/Pacific Northwest...
Lloyd’s Insurer Advent Names Gray as Direct & Facultative Property Consultant
Sep 23 2016 // Lloyd’s insurer Advent has appointed Jonathan Gray as consultant for its direct & facultative (D&F) property division. He takes up his role with immediate effect and will report to Nigel Fitzgerald, CEO. Gray...
Appalachian Underwriters Adds Reilly as Property Broker in Florida Office
Sep 22 2016 // Appalachian Underwriters, Inc. has added a new property broker, Aaron Reilly, to the Sarasota, Fla., office. Reilly will be developing new business opportunities throughout the country in various property and casualty...
NIF Group Adds Property, Inland Marine Coverage to Luxury Homebuilders Program
Sep 21 2016 // NIF Group, Inc. and ProSight Specialty have added property and inland marine coverages to the Luxury Homebuilders and Remodelers Program currently available in Calif., Ariz., Nev., and Wash. The Luxury Homebuilders and...
Florida Regulators Approve Rate Increase for Citizens Policyholders
Sep 19 2016 // The Florida Office of Insurance Regulation approved a 6.4 percent overall rate increase for 2017 for Citizens Property Insurance Corp. homeowners’ multiperil policyholders across the state. According to Citizens, the...
How Kilkenny and Kimmel Have Grown K2 Insurance Services
Sep 19 2016 // Pat Kilkenny and Bob Kimmel put the K’s in K2 Insurance Services five years ago. That’s when they began using their combined 60 years of insurance experience to work buying up and developing businesses with the...
Towergate Creates London Underwriting Unit; Leathem Named Director
Sep 14 2016 // Insurance intermediary Towergate is forming a London underwriting centre to be led by David Leathem as London director of underwriting. The unit will focus on specialist London market product lines. Leathem will lead the...
Cat-Insurance Data Provider PERILS Expands Into Australia
Sep 13 2016 // PERILS, the independent Zurich-based company providing industry-wide catastrophe insurance data, has extended its market coverage to include Australia. PERILS now provides market-wide property sums insured that are exposed...
Casualty Losses and Cyber, Crop, Property Demand Driving Reinsurance Growth: Aon
Sep 12 2016 // Reinsurance demand has increased over the past 18 months, with the cession ratio across the global property/casualty insurance industry registering a small rise for the first time in several years, and the trend expected...
Fitch: No Credit Implications for Florida State-Run Insurers From Hermine
Sep 7 2016 // Hurricane Hermine, the first hurricane to make landfall in Florida in 11 years, is not likely to have a significant impact on the financial condition of the Florida Hurricane Catastrophe Fund (FHCF) or Citizens’...
Filling the Gap in Contractors Professional and Pollution Liability
Sep 6 2016 // Coverage Part A of the Commercial General Liability (CGL) policy is limited in scope, extending coverage to claims arising out of only bodily injury (BI) and/or property damage (PD). Couple Part A’s limited scope...
South Carolina High Court: Reimbursement Not Required When Police Damage Property
Sep 2 2016 // South Carolina isn’t required to reimburse private property owners for damage by law officers doing their jobs, the state Supreme Court ruled Wednesday. The 3-2 ruling involves the takeover of a Spartanburg...
Northeast Could See Impact of Tropical Storm Hermine After Months of Drought
Sep 1 2016 // Over the past several months, the Northeastern U.S. has experienced abnormally dry conditions leading to a drought that could last into the fall. Now, it is facing a different problem with the looming risk of heavy rain...
Commentary: It is a Catastrophe that No One Listens to the Experts on Florida
Sep 1 2016 // “If you don’t read the newspaper, you are uninformed. If you do read the newspaper, you are misinformed.” Although the author is unknown, this comment is often attributed to Mark Twain or Thomas...
How Kilkenny and Kimmel Have Grown K2 Insurance Services
Sep 1 2016 // Pat Kilkenny and Bob Kimmel put the K’s in K2 Insurance Services five years ago. That’s when they began using their combined 60 years of insurance experience to work buying up and developing businesses with the...
Metal Theft Remains an Expensive Problem for Insurance Industry
Aug 26 2016 // Metal theft became a growing concern post financial crisis due to rising global demand for scrap metal, and although economic conditions have slowed demand recently, this expensive crime is still causing headaches for the...
Endurance Global Risk Solutions Adds Workers’ Comp Product
Aug 24 2016 // Endurance Specialty Holdings Ltd., a Bermuda-based specialty provider of property and casualty insurance and reinsurance, has launched a new workers’ compensation insurance product for its Global Risk Solutions...
