Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
Alabama Cemetery Bans ‘Pokemon Go’ Players From Property
Jul 15 2016 // An Alabama cemetery is banning people from playing the popular Pokemon Go game on its property. The president of Mobile Memorial Gardens, Timothy Claiborne, says a cemetery is supposed to be a place for peaceful...
North Dakota Storms Cause Widespread Crop, Property Damage
Jul 14 2016 // Recent storms that have dropped heavy rain and hail across North Dakota have caused headaches for motorists, farmers and homeowners. Weekend storms caused widespread crop and building damage in the Killdeer area, where...
Correction: Obama Nominates Additional Directors But Producer Registry NARAB Still Falls Short
Jul 11 2016 // Correction: The original version of this article omitted two of President Obama’s nominees, Colorado Insurance Commissioner Marguerite Salazar and Susan Louise Castaneda of The Hartford. Insurance Journal regrets the...
5 Principles for Successfully Navigating Complex Property/Casualty Claims
Jul 11 2016 // Property/casualty losses arising from construction defects, earthquakes, hurricanes, floods, fires, industrial accidents, tornadoes or any number of other perils can strike at almost any time. When they do, the impacts to...
Louisiana Bill Cuts Citizens Insurance Assessment Rebate
Jul 11 2016 // Legislation awaiting the signature of Louisiana’s governor significantly lowers the amount of rebate that property insurance policyholders would receive for assessments to cover the debts of the state’s...
Texas Insurers Look to Courts for Hope in Stemming Hail-Related Lawsuits
Jul 11 2016 // Following a severe hailstorm in south Texas in 2012, insurers were beset with homeowner property lawsuits – sometimes after claims were paid and repairs were completed, according to an insurer trade group. Since then,...
Academy Journal: CoBRA Zones, OPAs and Flood Coverage
Jul 11 2016 // Rapid development in coastal areas, on barrier islands and near habitat-rich wetland areas prompted the federal government to pass the Coastal Barrier Resources Act of 1982 (CBRA). This was a legislative effort to minimize...
California Insurers Group Hopes Governor Signs Airbnb Bill
Jul 8 2016 // Another bill dealing with the sharing economy is headed to the California governor’s desk. A bill to ensure homeowners and renters offering rooms for rent on hosting platforms like Airbnb and Home Away understand...
Post-Brexit-Vote Property Panic Could Hit Bank, Insurer Investments
Jul 8 2016 // The run on British property funds has drawn attention to the vulnerability of the commercial real estate sector, largely funded by domestic banks and building societies but increasingly by foreign banks and insurers. UK...
Kemper Adding Dufala as Property/Casualty Division President
Jul 7 2016 // Insurer Kemper Corp., headquartered in Chicago, announced that George “Chip” D. Dufala Jr. will join the company as president, Property & Casualty Division, effective July 18. Dufala will report directly to...
A.M. Best: Outlook Stable for Southern Pioneer Property and Casualty Insurance
Jul 7 2016 // A.M. Best has revised the outlook to stable from negative and affirmed the financial strength rating of B++ (Good) and the issuer credit rating of “bbb” of Southern Pioneer Property and Casualty Insurance Co....
Ironshore International Names Eickstädt as Head of Direct & Facultative Property
Jul 6 2016 // Ironshore International has named Dr. Jörg Eickstädt as head of Direct and Facultative Property, effective immediately. He will be responsible for underwriting Ironshore’s direct and facultative portfolio for U.S....
Treasury Recommends Some Terrorism Premiums Be Retained for Future Claims
Jul 5 2016 // In a report that concludes that the federal terrorism risk insurance program “remains an important mechanism” for ensuring that terrorism risk insurance is available and generally affordable, the U.S. Treasury...
Universal Property & Casualty Expands Into Alabama Homeowners Market
Jul 1 2016 // Universal Insurance Holdings, Inc. has been approved by the Alabama Department of Insurance to write homeowners insurance in the state through its subsidiary Universal Property & Casualty Insurance Company (UPCIC). The...
Judge: Delaware’s Aggressive Abandoned Property Practices Violate Due Process
Jun 30 2016 // A federal judge this week blasted Delaware’s practice of collecting abandoned property, issuing a ruling that could have dire budget consequences for the state. U.S. District Court Judge Gregory Sleet said...
Allianz Set to Begin $3.3B Asia Property Push over Next 3 Years
Jun 30 2016 // Allianz Real Estate is set to make its biggest Asian investment to date, in a first step toward adding as much 3 billion euros ($3.3 billion) of real estate in the region within three years. The $150 million pan-Asian fund...
Prime Property & Casualty Expands into Florida Commercial Auto Market
Jun 24 2016 // Prime Property and Casualty Insurance Inc. (PPCI) has expanded into the Florida commercial auto market as an admitted carrier specializing in insurance products for distressed and substandard risks. PPCI is able to insure...
For Disney in Florida, Capturing ‘Nuisance’ Alligators Is Normal Part of Business
Jun 24 2016 // Walt Disney Co. has had more than 240 “nuisance” alligators captured and killed over the last 10 years at its Florida theme park property, according to state records. The records reveal the park’s...
Louisiana Bill Lowers Citizens Insurance Assessment Tax Break
Jun 23 2016 // Legislation awaiting the signature of Louisiana’s governor would significantly lower the amount of rebate property insurance policyholders would receive for assessments to cover the debts of the state’s...
UK’s Insurance Act May Lead to More Intense Rate Competition: Fitch Wire
Jun 22 2016 // A new U.K. law, designed to make it harder for insurers to dispute commercial insurance claims, could lead to more intense price competition and slimmer margins for the sector, according to Fitch Ratings. The Insurance...
