Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
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...
Vertafore Expands Comparative Rating System Into Florida Property Market
Jun 22 2016 // Vertafore, a provider of insurance technology, has added several new homeowner carriers to their flagship comparative rating system PL Rating, expanding the company’s reach into the Florida property market. Since its...
AXA Awaits Result of Brexit Vote Before Building London’s Tallest Tower
Jun 21 2016 // AXA SA’s real estate unit is awaiting the outcome of the Brexit referendum before deciding whether to proceed with a plan to build the tallest tower approved in the City of London. “We have not launched the...
5 Principles for Navigating Complex Property/Casualty Claims
Jun 16 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...
Bigger Is Better for Lloyd’s Syndicates with Active Cycle Mgmt: S&P
Jun 10 2016 // Benign catastrophe losses, combined with lower and less frequent casualty lines claims, helped Lloyd’s syndicates deliver another strong set of results in 2015, reporting an average combined ratio of 90 percent,...
AIG’s Homand Joins Ironshore as Global Property Chief Underwriter
Jun 8 2016 // Ironshore Inc. has named Shawn Homand as chief underwriting officer of Global Property to oversee underwriting responsibilities and global product growth strategies throughout Ironshore’s property...
Casualty Actuarial Society Honors 4 Universities
Jun 8 2016 // The Casualty Actuarial Society (CAS) has selected four universities to receive the 2016 CAS University Award, an honor created to recognize schools doing exemplary work in preparing students for a career in the...
5 Principles for Navigating Complex Property/Casualty Claims
Jun 6 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...
South Carolina Commissioner Farmer: Lessons from Historic Floods
Jun 6 2016 // South Carolina’s coastal property insurance market is strong, but the state’s significant catastrophe risk remains an ongoing threat and not one that should be taken lightly. That is the message South Carolina...
South Carolina Insurance Head Talks Lessons Learned After Historic Flood
May 31 2016 // This aerial photo show flooding around homes in the Carolina Forest community in Horry County, between Conway and Myrtle Beach, S.C. The state was pummeled in early October by a historic rainstorm that caused widespread...
Everest Re Names Berry as Head of International Property Facultative Unit
May 24 2016 // Everest Re Group Ltd. has appointed Sean Berry as vice president and head of the Reinsurance Division’s International Property Facultative unit. Based in Everest Re’s Miami office, Berry will be responsible for...
Miami-Dade Approves Water Citations for Property Owners in Zika Prevention Effort
May 24 2016 // Florida’s Miami-Dade County is stepping up enforcement to prevent the spread of mosquito-borne viruses, including Zika. County commissioners May 17 passed an ordinance allowing authorities to take “necessary...
Texas Regulators Seek Data on Residential Property Hail Litigation
May 23 2016 // The Texas Department of Insurance has issued a data call to gather information about the cost of weather-related residential property claims and the incidence of litigation of these claims. The Regulatory Policy Division...
2016 Super Regional P/C Insurers™
May 23 2016 // In order to continue the discussion regarding what constitutes a Super Regional P/C Insurer™ and to give definition to this important group of insurers, Demotech Inc. analyzed year-end 2015 data for property/casualty...
XL Catlin Hires Newick as Leader for Energy, Property & Construction Claims
May 23 2016 // XL Catlin announced the strengthening of its insurance claims team with the appointment of Oliver Newick to the position of global practice leader for Energy, Property & Construction Claims. Newick joins XL Catlin from...
