Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
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...
Dec. 31 Is Deadline to Claim Louisiana Property Insurance Rebates
Dec 1 2015 // Louisiana Insurance Commissioner Jim Donelon is reminding property insurance policyholders that the deadline to claim a rebate for the Louisiana Citizens Property Insurance Corp. assessment charged on their 2011 insurance...
Louisiana Citizens Property Insurance Shedding More Policies
Nov 30 2015 // Insurance Commissioner Jim Donelon reported that three insurance companies new to Louisiana are participating in the latest round of depopulation of Citizens Property Insurance Corp. Citizens is the state’s property...
ACE Names Future Leadership Team for Overseas General Insurance Operations
Nov 23 2015 // ACE Ltd. announced the senior leadership team it intends to appoint for the new Chubb Group’s Overseas General Insurance division. This division comprises two major businesses: one with distribution through retail...
Cincinnati Insurance Announces Property/Casualty Leadership Changes
Nov 23 2015 // Cincinnati Financial Corp. announced that Stephen M. Spray, senior vice president, will transition to commercial insurance operations at Cincinnati Insurance effective Jan. 1, 2016, establishing the leadership perpetuation...
South Carolina Lakefront Property Owners Without a Lake After Floods
Nov 20 2015 // South Carolina homeowners living around lakes where dams failed in the historic flooding face uncertainty about when their properties will be waterfront again. The State newspaper reported that rebuilding dams will cost...
Cyber, Property Risks Not Easily Separated: Security Expert
Nov 19 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...
Study: Mass. Independent Agents Have Over $1B Financial Impact on Economy
Nov 17 2015 // Eight years after the introduction of managed competition for private passenger auto insurance and the influx of direct writers and direct response companies into Massachusetts to compete with independent agencies, a new...
AXA’s Property Unit to Develop Tallest Skyscraper in City of London
Nov 17 2015 // AXA Investment Managers – Real Assets, the property unit of Europe’s largest insurer, won approval from the City of London borough to develop an office tower at 22 Bishopsgate near the skyscrapers nicknamed The...
Endurance Partners with W. Brown Associates for U.S. Aviation Risks
Nov 16 2015 // Endurance Specialty Holdings Ltd., a Bermuda-based specialty provider of property and casualty insurance and reinsurance, has entered into an exclusive joint underwriting agreement with W. Brown Associates to provide...
Vermonters Encouraged to Check for Unclaimed Funds
Nov 16 2015 // The Vermont Treasurer’s office says it has about $71 million in unclaimed financial property and is encouraging Vermonters to see if any of it is theirs. The property includes misplaced savings or investments,...
How to Write Coverage for Condominium Associations and Individual Unit Owners
Nov 16 2015 // Completing the condominium insurance picture necessitates “jigsaw puzzle” tenacity. Quite a few pieces must be snapped together to assure the proper insurance picture is presented; any missing information can...
