Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
Texas Bill Would Protect P/C Agent Ownership of Expiration Rights
Jan 26 2015 // A bill filed in the Texas Legislature for the 2015 session would clarify that insurance agents in the state have exclusive ownership of the expiration rights to property/casualty insurance policies they sell and place. HB...
Oklahoma Jazz Hall : Insurance Debts Paid or Not?
Jan 25 2015 // The shaky finances of the Oklahoma Jazz Hall of Fame seem to be attracting more attention than the museum itself. Executives at the nearly 30-year-old Tulsa nonprofit have sternly denied that the museum was in dire straits...
Legislative Focus for Texas Windstorm Insurer: Funding, Depopulation
Jan 22 2015 // The Texas Windstorm Insurance Association, the state-created insurer that provides property coverage for wind and hail in 14 coastal counties and parts of Harris County, has submitted a report to the Legislature with...
Chinese Insurers’ Hunt for Trophy Properties Boosts NYC, London Prices
Jan 20 2015 // What do New York’s most famous hotel, the Lloyd’s of London building and the headquarters of the U.K.’s top law firm have in common? They’re all owned by Chinese insurers. This new breed of buyers,...
Texas Bill Would Protect P/C Agent Ownership of Expiration Rights
Jan 13 2015 // A bill filed in the Texas Legislature for the 2015 session would clarify that insurance agents in the state have exclusive ownership of the expiration rights to property/casualty insurance policies they sell and place. HB...
Mass. FAIR Plan Expands to Include Dwelling Liability Coverage
Jan 12 2015 // The Massachusetts Property Insurance Underwriting Association (MPIUA) — also known as the Massachusetts FAIR Plan — has expanded to include the writing of dwelling liability coverage, effective Jan. 7,...
2015 Insurance Industry Meetings & Conventions Directory
Jan 12 2015 // Welcome to Insurance Journal‘s 2015 Insurance Industry Meetings and Conventions Directory. The information in this directory is taken from a larger database containing additional information on these and other...
Lighthouse Property Names Stewart as North Carolina Rep
Jan 6 2015 // Lighthouse Property Insurance Corp. has appointed Bill Stewart as its marketing representative for North Carolina. Stewart brings 16 years of insurance industry experience to Lighthouse. Before joining the Lighthouse team,...
Topel Joins Hays Cos. in Chicago as President of Property/Casualty
Jan 6 2015 // Hays Companies announced Steve Topel has joined its Chicago operations as president of property and casualty. He will be responsible for spearheading new business development, overall office leadership, and recruiting...
Atlas General Insurance Services, LLC, Announces Addition of New Binding Agreement for Its Property DIC Division
Jan 6 2015 // San Diego, CA, January 6, 2015: Atlas General Insurance Services, LLC, a national multi-line program manager, is pleased to announce the addition of a new binding agreement for its Property DIC Division. The agreement,...
Aon’s Andler to Lead Lockton’s Property Practice
Jan 5 2015 // Insurance broker Lockton has named industry veteran Michael Andler as executive vice president and head of its U.S. property insurance practice. Andler will operate from Lockton’s New York office. Andler joins...
Global Indemnity Completes Purchase of American Reliable
Jan 5 2015 // Dublin-based Global Indemnity plc’s U.S. affiliate said it has completed its previously-announced purchase of American Reliable Insurance Co. from Assurant Inc. In a transaction valued at approximately $394,000,000,...
Aon Benfield 2015 Reinsurance Outlook Notes ‘Financial Security’ Strength
Jan 5 2015 // The roller coaster ride engendered by the entry of large amounts of alternative capital into the reinsurance market – originally seen as a threat – has turned out to be a major factor in strengthening the capital...
Mass. FAIR Plan Expands to Include Writing of Dwelling Liability Coverage
Dec 30 2014 // The Massachusetts Property Insurance Underwriting Association (MPIUA) — also known as the Massachusetts FAIR Plan — will be expanded to include the writing of dwelling liability coverage, effective Jan. 7,...
The Two Year Reduction in Natural Hazard Damage: A Long-Term Trend?
Dec 29 2014 // This post is part of a series sponsored by CoreLogic. Natural hazards continue to pose a significant risk to properties in the United States and abroad. As we near the close of 2014, it is important to take time to...
South Louisiana Property Owners not Happy with Levee Plan
Dec 18 2014 // A levee proposal by the North Lafourche Levee District in Louisiana is receiving flak from landowners who aren’t pleased with updated plans, causing the project to stall. A section of the Lockport to Larose levee...
Audit: Louisiana School District Missing Property Worth $7M
Dec 16 2014 // The state-managed Recovery School District can’t locate $7 million in property, things like computers and equipment, a repeated problem across the school system, according to a Louisiana legislative audit released...
Florida’s Universal Insurance Raises $19M in Stock Deal
Dec 15 2014 // Florida’s largest private insurer has raised $19 million through a privately negotiated stock deal with an investment firm that specializes in natural catastrophe reinsurance and weather risk. Universal Holdings Inc...
Competition Ahead for Insurers
Dec 15 2014 // U.S. property/casualty insurers have cause for celebration as carriers reported higher overall earnings and premium levels in the 2014 third quarter versus the same period a year ago. Yet, at the same time Moody’s...
Deadline Looms for Louisiana Citizens Property Insurance Rebate
Dec 5 2014 // The Louisiana Department of Insurance is reminding property insurance policyholders about the upcoming deadline to claim a Citizens Property Insurance Corp. (Citizens) assessment rebate on their policies. Commissioner of...
