Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
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...
Agent, Cyber-Educate Yourself – and Your Clients
Nov 16 2015 // A recent report showing that cyber insurance premiums will grow globally from $2 billion annually to more than $20 billion over the next 10 years reinforces what most in the insurance industry already know: cyber risks are...
Agent, Cyber-Educate Yourself – and Your Clients
Nov 16 2015 // A recent report showing that cyber insurance premiums will grow globally from $2 billion annually to more than $20 billion over the next 10 years reinforces what most in the insurance industry already know: cyber risks are...
Louisiana Citizens Property Insurance to Shed More Policies in 2016
Nov 15 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...
Everest Re Adds Inland Marine Unit to U.S. Specialty Platform
Nov 13 2015 // Everest Re Group, Ltd., has expanded its U.S. specialty insurance platform, Everest National Insurance Co., with the introduction of a new dedicated Inland Marine underwriting team. Everest National is pursuing a broad and...
South Carolina Puts Dam Owners on Notice for Big Bills
Nov 13 2015 // South Carolina’s environmental agency is warning dozens of property owners they could face substantial bills for not submitting plans as ordered for repairing dams damaged or destroyed in last month’s historic...
Montana Jury Awards $2M in Mistaken House Title Suit
Nov 12 2015 // A Yellowstone County, Mont. jury has awarded just over $2 million in damages to a Texas man after a loan servicing company negligently included the legal description of his Billings property in the foreclosure paperwork...
Weather-Related Property Claims Mount in Texas
Nov 12 2015 // Severe weather in all regions of the state this year has resulted in high numbers of insurance claims from property and auto losses in Texas, according to an insurance company trade group. The Insurance Council of Texas...
Brit Hires Pozzebon to Lead U.S. Property Facultative Team in Chicago
Nov 12 2015 // Global specialty insurer and reinsurer Brit Ltd (Brit) has appointed Nick Pozzebon to lead its existing Chicago-based U.S. property facultative team for Brit Global Specialty USA, reporting to Noreen Metcalfe. Pozzebon...
Three North Carolina Residents Accused of Insurance Fraud
Nov 6 2015 // The North Carolina Department of Insurance has arrested three residents –Anthony Bowen, 29, and Tracey Bowen, 49, of Jacksonville; and Kevin Donovan Reynolds, 25, of Durham –Insurance Commissioner Wayne Goodwin...
Property Specialist Otis Sanders II Joins Breckenridge Insurance Services as Vice President, Broker
Nov 5 2015 // Atlanta, GA, November 5, 2015 — Breckenridge Insurance Services, a leading specialty wholesale commercial brokerage firm, is pleased to announce Otis Sanders II has joined the organization as vice president, broker....
