Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
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...
Drones: An Emerging Market Quickly Taking Flight
May 23 2016 // So what is all the buzz about? Lately it is about unmanned aerial vehicles (UAV) or drones, which are emerging as a valuable component in a vast array of American businesses and markets. While UAVs are generally associated...
Insured Losses Mount in Ohio from April Storms
May 23 2016 // The Ohio Insurance Institute reports that preliminary estimates of an April storm outbreak caused insured property losses of up to $57.8 million in Ohio alone. Several other states, including Illinois and Indiana, were...
RMS Says $77B in San Francisco Property at Risk from Sea Level Rise by 2100
May 18 2016 // An analysis by catastrophe risk management firm RMS of economic risk to San Francisco’s property from future sea level rise found billions of dollars worth of property at risk. The analysis was used to inform the...
Ohio Insurer Group: April Storm Losses Estimated at $52.6-57.8M
May 12 2016 // The Ohio Insurance Institute reports that an early April storm that caused significant property losses in Ohio and several other states, caused as much as $57.8 million in insured losses in Ohio alone. According to the OII...
Gallagher Partners with Cardinus to Help UK Clients Cut Risk of Underinsurance
May 11 2016 // Arthur J. Gallagher* has partnered with independent specialist Cardinus Risk Management to offer its commercial property and property investor clients a cost-effective nationwide service that will help eradicate the risk...
Watercolor Management Adds Property Coverage for Water Treatment Companies
May 11 2016 // Watercolor Management, an Alabama-based managing general underwriter, will open new property underwriting facilities for water treatment businesses through an agreement with a new surplus lines carrier. The agreement...
