Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
Canopius Adds Breen to U.S. Direct Property Team in New York
Jan 6 2016 // Canopius Group AG, a Zurich-based global specialty lines platform of Sompo Japan Nipponkoa Insurance, has hired Ivan Breen as senior vice president of its U.S. Direct Property team. Breen is based in New York and will...
Capital Stabilizes, Prices Keep Softening During Jan. 1 Renewals: Guy Carpenter
Jan 6 2016 // Reinsurance capital levels stabilized during the Jan. 1, 2016 renewals – showing no growth for the first time in several years – and prices continued to soften, according to Guy Carpenter & Co.’s global...
6 Forecasts for P/C Insurance in 2016
Jan 4 2016 // Some, but not all, experts see an improving U.S. economy in 2016 helping to boost the property/casualty (P/C) insurance sector. Some of these prognosticators are more optimistic than others. But most also anticipate...
California Fire Safety Rule Citations Lag During Severe Drought
Jan 4 2016 // Amid the most destructive wildfire season in more than a decade, California’s firefighting agency amped up its warnings to thousands of property owners who weren’t doing enough to protect their homes by...
Tokio Marine Kiln Appoints Dreblow as Head of Corporate & Commercial Property
Dec 30 2015 // Tokio Marine Kiln (TMK), the provider of specialist and corporate insurance, has appointed Paul Dreblow as head of Corporate and Commercial Property in its London office. The newly created position will see Dreblow...
CNA Hardy Appoints Rollins as Direct & Facultative Property Senior Underwriter
Dec 30 2015 // CNA Hardy, a specialist commercial insurance provider for clients within the Lloyd’s and company markets, has appointed Jason Rollins as direct & facultative property senior underwriter. Previously, Rollins was...
Expect P/C Insurance Price Stagnation in 2016: Kroll
Dec 30 2015 // After a banner 2015 for the U.S. property/casualty insurance sector, pricing pressures will lead to stagnation or rate declines in 2016, Kroll Bond Rating Agency Inc. predicted. Pricing will either be flat or down over the...
Top 10 Property/Casualty Insurance News Stories of 2015
Dec 30 2015 // The year 2015 was a year during which the property/casualty insurance industry worried and learned about disruptive forces, new competitors, new leaders and emerging risks. Also, some of the industry’s news revived...
ACE Appoints Future Leadership Team for P&C Business in Asia Pacific
Dec 28 2015 // ACE Group announced the future commercial property & casualty leadership team for the new Chubb Group in Asia Pacific. These appointments will take effect upon completion of the acquisition of Chubb, which is expected...
NOPE Says, ‘Stupidity Can Be Excluded!’
Dec 22 2015 // Departments of Insurance across the country are bracing for the introduction of new commercial property policy language promised by the newly-formed property insurance rating and policy form bureau National Organization of...
Indiana High Court Allows Negligence Claim Against Agent
Dec 21 2015 // Indiana’s high court has confirmed a lower court’s summary judgment favoring a property insurer that denied a homeowner’s claim after discovering that misleading information about the condition of the...
Insurance Executive Sees Problems, Opportunities in L.A.’s Earthquake Law
Dec 21 2015 // It’s a big question in front of landlords of thousands of Los Angeles properties early next year. When the Los Angeles City Council unanimously voted in October for new earthquake retrofit regulations it put in play...
Universal Property & Casualty Insurance Licensed in New Hampshire
Dec 16 2015 // Universal Insurance Holdings Inc. in Fort Lauderdale, Florida, announced that its wholly-owned subsidiary Universal Property & Casualty Insurance Company (UPCIC) received a certificate of authority from the New...
No Depreciation of Labor in ACV Claim, Arkansas High Court Says
Dec 14 2015 // An insurer can’t depreciate labor in calculating the actual cash value (ACV) of an insured property in the event of a covered loss, Arkansas high court justices have determined. In an opinion delivered on Dec. 10,...
7 Simple Underwriting Questions Nobody Asks
Dec 14 2015 // First, let’s be clear – this is only a SMALL sampling of simple questions agents and underwriters fail to ask! There are dozens of simple, common sense questions that are often skipped – why remains a...
Insurance Executive Sees Problems, Opportunities in L.A.’s Earthquake Law
Dec 7 2015 // Powered by InsuranceJournal.tv Who’s going to pay? It’s a big question in front of landlords of thousands of Los Angeles properties early next year. When the Los Angeles City Council unanimously voted in...
Louisiana Citizens Property Insurance to Shed More Policies in 2016
Dec 7 2015 // Louisiana’s property insurer of last resort expects to shift about 10,000 policies to private insurance companies for 2016, a move that will reduce premiums by roughly $20 million. Interim Chief Executive Officer...
Cyber, Property Risks Not Easily Separated: Security Expert
Dec 7 2015 // The property/casualty insurance industry must change its approach to cyber security and update its coverage approach to help minimize risks, according to a network security expert. “I don’t think we can easily...
Indiana High Court Allows Negligence Claim Against Agent
Dec 4 2015 // Indiana’s high court has confirmed a lower court’s summary judgment favoring a property insurer that denied a homeowner’s claim after discovering that misleading information about the condition of the...
ACE Appoints Commercial P&C Leaders for Overseas General Insurance Division
Dec 3 2015 // ACE Ltd. has appointed the commercial property & casualty leadership team for the company’s Overseas General Insurance division. The leadership appointments will take effect upon completion of the acquisition of...
