Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
AIG Insurance Results Down in Q2; CEO Sees Opportunity in ACE-Chubb
Aug 4 2015 // American International Group Inc. (AIG) today reported net income of $1.8 billion for the quarter ended June 30, 2015, compared to $3.1 billion, for the second quarter of 2014. Second quarter net income declined primarily...
Florida-Based Gulfstream P&C Names Block as CFO, Treasurer
Aug 4 2015 // David Block Gulfstream Property and Casualty Insurance Co., a regional property carrier providing homeowners, condominium, renters, dwelling fire and flood coverage with operations in five states, has announced the...
NFP Acquires BWD Group in New York
Aug 3 2015 // NFP, a New York City-based provider of employee benefits, property/casualty insurance, retirement and wealth management services, announced today its acquisition of BWD Group LLC in Plainview, New York. Terms of the...
10 Things to Know About Condominiums
Aug 3 2015 // The condominium association owns and insures the outside structure of the condominium building. The condominium master policy agreement (bylaws) stipulates what part of the structure is owned and insured by the association...
A.M. Best: Will 2015 Be the Year That Tests Florida Property Insurers?
Aug 3 2015 // The property insurance market in Florida has significantly shifted in market share as Citizens Property Insurance Corp. (Citizens)–the state-run property insurance company–continues to depopulate and move...
Intellectual Property: Conan O’Brien, Doobie Brothers, ‘Happy Birthday’, Michael Jordan
Jul 31 2015 // Conan O’Brien Sued Over Jokes Comedian Conan O’Brien was sued for copyright infringement for using several jokes on his late-night talk show that he’s accused of lifting from the Internet. In a complaint...
R.I. Consumer Alert Looks at Insurance Implications for Home-Sharing Rentals
Jul 29 2015 // Rhode Island’s Insurance Division is advising consumers to examine insurance implications when using home-sharing rental websites such as Airbnb. “Technology has changed the way people interact. There are now...
Universal Property & Casualty Approved as Licensed Insurance Entity in Va.
Jul 23 2015 // Universal Insurance Holdings Inc. in Fort Lauderdale, Florida, announced on July 21 that its wholly-owned subsidiary Universal Property & Casualty Insurance Company (UPCIC) received a certificate of authority from the...
A.M. Best Special Report: Florida Property Insurers Remain Untested
Jul 23 2015 // The property insurance market in Florida has significantly shifted in market share as Citizens Property Insurance Corp. (Citizens)—the state-run property insurance company—continues to depopulate and move policyholders...
Crawford Names Daniel VP of U.S. Property & Casualty Client Development
Jul 23 2015 // Dan Daniel Crawford & Company has named Dan Daniel as vice president, U.S. Property & Casualty client development. He formerly served as vice president of Catastrophe Services for U.S. Property & Casualty for...
How AIG Is Using Cyber Intelligence to Protect Property from Cyber Attacks
Jul 22 2015 // A three-hour shutdown of the New York Stock Exchange on the same day that a network failure halted all United Airlines flights in the U.S. had people across the country thinking one thing: cyber-attack. It wasn’t,...
N.J. Files Eminent Domain Actions Against Beachfront Property Owners
Jul 20 2015 // New Jersey Gov. Chris Christie’s administration has begun legal proceedings to obtain land from beachfront property owners so the state can build dunes to protect against storms. The New Jersey Department of...
New York Court: Flood Sub-Limit in Policy Applies to Delay Loss
Jul 20 2015 // The New York Supreme Court’s Appellate Division affirmed that a $5 million flood sub-limit in a builders risk policy that Zurich American Insurance issued to a New York property developer applies to the...
Signed, Sealed, Delivered: Florida’s 2015 Insurance Legislation Takes Effect
Jul 17 2015 // Below is a list of insurance-related Florida legislation passed by lawmakers in the 2015 regular session. All legislation has been approved by Governor Rick Scott and became effective as of July 1, 2015. HB1133 –...
Cobalt Secures Major Property Portfolio for 90 North through Lockton
Jul 16 2015 // Cobalt Underwriting, the London insurance market’s first Shariah compliant underwriting agency, announced that it has secured a major property portfolio placed by Lockton’s Real Estate and Construction practice...
Chappell Joins Lockton as Property/Casualty COO in Dallas/Ft. Worth
Jul 14 2015 // Insurance broker Lockton has added Jay Chappell in its Dallas/Ft. Worth operations as chief operating officer for its property/casualty business. Chappell will provide leadership and strategic business oversight for client...
Missouri Property Owner Sued Over Man’s Elevator Death
Jul 13 2015 // The sister of a musician and photographer who fell 18 feet to his death down a downtown St. Louis building’s elevator shaft is suing the former property owner and the elevator’s manufacturer. The lawsuit filed...
N.Y. Court: Insurer’s $5M Flood Sub-Limit Applies to Delay-in-Completion Loss
Jul 9 2015 // The New York Supreme Court’s Appellate Division affirmed that a $5 million flood sub-limit in a builders risk policy that Zurich American Insurance issued to a New York property developer applies to the...
Intellectual Property: Newegg Loses Patience; Apple Wins New Damages Trial; Jawbone Targets Fitbit
Jul 9 2015 // Newegg Inc. has been waiting for almost two years for a Texas federal judge to make a final ruling on a patent lawsuit it lost. On Monday it stopped waiting and asked an appeals court to force the judge into action. Newegg...
1347 Property Insurance, Brotherhood Mutual Partner for Wind/Hail Coverage in Texas
Jul 7 2015 // Florida-based 1347 Property Insurance Holdings Inc. is partnering with Brotherhood Mutual Insurance Co. to offer wind/hail coverage in Texas. Under this partnership, 1347 Property Insurance subsidiary, Maison Insurance Co....
