Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
Record Western Wildfires a Contrast in Otherwise Quiet Year for U.S. Natural Disasters
Feb 8 2016 // It was a relatively quiet year for natural disasters – except for those living in the Western United States, according to property data provider CoreLogic, in its annual Natural Hazard Risk Summary and Analysis, released...
Ghost of 2008 Crash Still Haunts Real Estate E&O
Feb 8 2016 // The ghost of the 2008 financial collapse still haunts the liability insurance market for real estate professionals and some are worried the business may be headed for a replay of that crisis. While it is still recovering...
P/C Commercial Rates Fell 4% in January
Feb 5 2016 // Rates for commercial property/casualty insurance fell four percent in the first month of the new year, continuing a downward trend that is unlikely to halt anytime soon, according to Richard Kerr, CEO of...
Insured Property Loss from UK Storms Eva & Frank Estimated at $767.7M: PERILS
Feb 5 2016 // The initial estimate of the insured property market loss for UK flood damage during the period from Dec. 25, 2015 to Jan. 14, is £526 million ($767.7 million), according to PERILS, the independent Zurich-based...
The Right Property Data Helps Better Serve Consumers
Feb 3 2016 // This post is part of a series sponsored by CoreLogic. Why doesn’t the carrier already have property data on this home? Is this quote accurate or will I have to go back to the homeowner with a revision? Every agent...
Oklahoma Lawmaker: Small Businesses Back Asset Forfeiture Reform
Feb 3 2016 // An Oklahoma state lawmaker has filed a bill that would reform Oklahoma’s civil asset forfeiture law, an effort he says is supported by small businesses in the state. In May 2015, Sen. Kyle D. Loveless (R-Oklahoma...
Multi-Year Trend of Reduced Natural Hazard Activity Continues in 2015
Feb 1 2016 // This post is part of a series sponsored by CoreLogic. Low-Level Hazard Activity Results in Decreased Damage and Loss Totals Looking at the big picture, 2015 was a quiet year in terms of natural hazard activity. Overall,...
California Regulator Looks to Open the FAIR Plan’s Floodgates
Jan 28 2016 // In those periods of respite when the State of California is not rocking and rolling atop its various fault lines, it’s often quite literally on fire. In fact, of the top 10 costliest wildfires in U.S. history,...
Record Western Wildfires a Contrast in Otherwise Quiet Year for U.S. Natural Disasters
Jan 28 2016 // It was a relatively quiet year for natural disasters – except for those living in the Western U.S. Property data provider CoreLogic today released its annual Natural Hazard Risk Summary and Analysis. The report shows...
AIG CEO Says Future Split Possible, But Downplays SIFI Risk; Will ‘Narrow’ P/C Focus
Jan 26 2016 // American International Group (AIG) CEO Peter Hancock, who announced the sale of the company’s AIG Advisor Group and a partial (19 percent) spin-off of mortgage insurer United Guaranty Corp., said AIG is open to...
New Jersey’s Residual Property Insurance Plan Raises Rates
Jan 25 2016 // The New Jersey Insurance Underwriting Association (NJIUA), the state’s residual property insurance plan, has received approval from the Department of Banking and Insurance (DOBI) to implement an overall rate increase...
Property Crimes Down, Violent Crime Up: FBI
Jan 22 2016 // The overall number of property crimes declined in the U.S. while the number of violent crimes rose for the first six months of 2015 compared to 2014. The FBI report — Preliminary Semiannual Uniform Crime Report— is...
Hiscox Adds Property Damage Protection to Terrorism Insurance Product
Jan 22 2016 // Hiscox has enhanced its stand-alone terrorism portfolio by adding new products covering property damage from malicious attacks utilizing nuclear, chemical, biological and radiological (NCBR) devices. Hiscox NCBR policies...
Texas Supreme Court: Loss-of-Use Damages Allowed in Total Loss Cases
Jan 21 2016 // Are loss-of-use damages, such as lost profits, allowed in Texas when an insured has recovered fair market value on a commercial vehicle that is deemed a total loss after an accident? The Texas Supreme Court thinks so,...
Florida’s Citizens Policy Count Reaches Lowest Level on Record
Jan 21 2016 // Florida’s Citizens Property Insurance Corporation announced Jan. 20 that it has reduced its policy count to under 500,000. The company said in a statement that its policy count on Jan. 19 was 484,788, the lowest...
AIG Increases Global Commercial Property Limits to $2.5B
Jan 19 2016 // American International Group, Inc. (AIG) has significantly raised available global commercial property limits to $2.5 billion per occurrence. According to the company, the move responds to the growing demand for capacity...
Louisiana Citizens Property Insurer Plans Rate Changes
Jan 19 2016 // Almost all of the Orleans Parish homeowners who buy coverage from the state insurer of last resort could see their rates drop 6.3 percent if the Louisiana Insurance Department approves proposed rate reductions. The...
Kentucky Drone Suit Challenges Airspace Rules, Privacy Expectations
Jan 19 2016 // A lawsuit filed against a man who shot down a drone over his Hillview, Ky., home last summer seeks to resolve what expectations homeowners have to privacy as their property is seen from the air. The Courier-Journal reports...
Validus Appoints Halsey Vice President, Atlanta Property Manager
Jan 15 2016 // Validus Holdings, Ltd., has appointed Rob Halsey as vice president, Atlanta Property manager. In this new position, Halsey will be responsible for building and maintaining the Validus Underwriters Excess & Surplus...
2016 Insurance Industry Meetings & Conventions Directory
Jan 11 2016 // Welcome to Insurance Journal‘s 2016 Insurance Industry Meetings and Conventions Directory. The information in this directory is taken from a larger database containing additional information on these and other...
