Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
Violent Weather Pummels Texas in March; Regulators Call for Data on Claims, Lawsuits
Apr 4 2016 // Hail-packing thunderstorms pummeled North Texas twice in March causing hundreds of thousands of dollars in damage to automobiles and property. Meanwhile, the Texas Department of Insurance is intent on gathering data on...
6 North Carolina Residents Accused of Staging Car Accident
Apr 1 2016 // Four North Carolina individuals have been arrested in connection with an alleged staged auto accident, according to North Carolina Insurance Commissioner Wayne Goodwin. Investigators are still seeking two other suspects in...
Chubb Appoints P&C Risk Engineering Leadership Team in Asia Pacific
Mar 28 2016 // Chubb has appointed Darren Cantas its head of Risk Engineering for Property and Casualty in Asia Pacific. He will continue to lead the region’s P&C Risk Engineering Services team, comprising 32 risk engineers...
PERILS Raises Insured Property Loss Estimate for UK Storms Eva & Frank to £578M
Mar 24 2016 // Property insurance market losses from flooding brought by UK storms Eva and Frank have risen to £578 million ($818.9 million), compared to an initial loss estimate of £526 million ($745.2 million), according to PERILS,...
Universal Property & Casualty’s Expansion Continues With License in N.Y.
Mar 24 2016 // Universal Insurance Holdings Inc., an insurance holding company based in Fort Lauderdale, Florida, announced that its subsidiary Universal Property & Casualty Insurance Company (UPCIC) has been approved by the New...
Texas Seeks Data on Weather-Related Property Claims, Lawsuits
Mar 23 2016 // The Senate Business and Commerce and the House Insurance Committees of the Texas Legislature have requested data from the Texas Department of Insurance related to weather-related property claims, the incidence of lawsuits...
Update: With Property Claims Added, North Texas Hail Damage May Reach $600M
Mar 23 2016 // An insurer trade group says it estimates that damage caused by hailstorms that rolled through the Fort Worth area last week will reach $600 million in auto and property claims. Mark Hanna, a spokesman for the Insurance...
HOT Markets: Drones, Cyber and More
Mar 21 2016 // Looking for new sales and opportunities in 2016? Here are a few of the top market sectors that just might deliver hot opportunities for agents and brokers in the property/casualty insurance industry this year. Sky’s...
Claims for Broker Negligence Assignable
Mar 21 2016 // A California intermediate appellate court has reaffirmed that a professional negligence claim against a client’s property/casualty insurance broker is freely assignable. It also held that the assigned rights are...
Universal Property & Casualty Licensed in New Jersey
Mar 17 2016 // Universal Insurance Holdings Inc., an insurance holding company based in Fort Lauderdale, Florida, announced that its subsidiary Universal Property & Casualty Insurance Company (UPCIC) was issued a certificate of...
Ironshore Names Alexander Head of Global Property Programs, Based in London
Mar 14 2016 // Ironshore Inc. has announced that Melanie Alexander will serve as head of Global Property Programs, overseeing the London-based property facility business. She will report to Tony Mammolite, president of Global...
CoreLogic Expands National Parcel Boundary Database
Mar 11 2016 // CoreLogic, a global property information, analytics and data-enabled services provider, has expanded its proprietary property parcel database to cover more than 144 million parcel boundaries and parcel point locations....
Miller Hires Jones to Lead North American Wholesale & Facultative Property Book
Mar 10 2016 // Honor Jones has joined London-based Miller Insurance Services to drive the growth of its wholesale and facultative property book in North America. Jones has over 20 years’ experience of placing risks on behalf of...
Alesco Appoints Bragg to Lead Latin American Property Facultative Team
Mar 10 2016 // Alesco Risk Management Services*, the specialist insurance and risk management broker, announced Adam Bragg will be joining as head of the organisation’s Latin America Property Facultative team. His primary focus...
Auto Insurer 2015 Underwriting Performance Loses Traction
Mar 7 2016 // Private passenger automobile insurance remains one of the most competitive segments in the U.S. property/casualty industry, with a number of large, well capitalized organizations battling for market share and searching for...
Property Claim Satisfaction Slips
Mar 7 2016 // Customer satisfaction among homeowners filing a property claim has slipped for the first time in five years, largely driven by declines in satisfaction with the total settlement and service interactions, according to the...
Texas Adopts Rules for Residential Property Dec Pages, TWIA Premium Surcharge
Mar 7 2016 // The Texas Department of Insurance reported it has adopted rules pertaining to property insurance changes resulting from legislation passed in 2013 and 2015. Residential Property Declaration Page The new rules include...
Europe’s Insurers Turn to Risky Property Investments, in Hunt for Better Returns
Mar 3 2016 // Traditionally conservative European insurers and pension funds are turning increasingly to risky property bets on everything from new homes in provincial Britain to car parks at Brussels airport, as they feel the pinch...
The MOST Basic CGL Coverage Concept
Feb 29 2016 // Begin at the beginning – with the insuring agreement! Coverage can never be any broader. This is the most basic CGL coverage concept. Before applying the policy’s exclusions, exceptions or conditions to a loss,...
Hamilton Re Hires Davis to Lead Entry into Property Direct & Facultative
Feb 29 2016 // Hamilton Re, the reinsurance operations of Hamilton Insurance Group, announced that Gavin Davis has joined the Bermuda-based company as senior vice president, head of Property Insurance, Bermuda. Davis will be instrumental...
