Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
Moody’s to P/C Insurers: Beware Weather, Competition in Months Ahead
Dec 3 2014 // U.S. property/casualty insurers can celebrate higher overall earnings and premium levels in the 2014 third quarter versus the same period a year ago, Moody’s Investors Service said in a new report. At the same time,...
CoreLogic: Taking Big Data Analytics to New Customers and Consumers
Dec 2 2014 // Imagine an insured taking a photo of a property that gives underwriters every bit of information they need to assess the risk. CoreLogic is working to make that happen sooner rather than later. CoreLogic, a provider of...
A.M. Best: Buffalo Snowstorm Impacts Regional Property Writers
Dec 1 2014 // Ratings agency A.M. Best said there is potential for some insurers — particularly the small, geographically concentrated writers — that were impacted by the recent snowstorm in and around Buffalo, New York, to...
2014 State Specialist P/C Insurers Revealed
Dec 1 2014 // The Demotech Company Classification System categorizes insurers into one of 11 categories based on an analysis of data reported by the companies to the National Association of Insurance Commissioners (NAIC). The 11...
Conn. Court: Town Liable for Icy Sidewalk Slips
Dec 1 2014 // Connecticut’s Supreme Court ruled that property owners can’t be sued for injuries suffered when someone slips on an icy sidewalk in front of their home or business, unless their town has a specific law making...
Five Arrested in Alleged Staged Accident Scam in North Carolina
Nov 30 2014 // North Carolina insurance officials reported the arrests of five people from Fayetville in an alleged insurance fraud scheme involving a staged auto accident in Cumberland County. Department of Insurance criminal...
Thibodeaux Joins Texas-Based Southwest Risk
Nov 21 2014 // ClearView Risk Holdings LLC, the holding company of Texas-based Southwest Risk LP, announced that Chad Thibodeaux has joined Southwest Risk as a property/inland marine broker. Thibodeaux began his insurance career with...
How Carriers Are Handling Property Cat Renewals, Terrorism, Ebola: NAPCO
Nov 21 2014 // Property/catastrophe insurers have been focused on winning new business, which means new customers are seeing bigger price cuts, according to a market report from a wholesale broker specializing in catastrophe risk...
XL Names AIG’s Smith to Southeast Property Underwriting Post
Nov 20 2014 // To address the property insurance needs of industrial and commercials properties in Atlanta and the surrounding region, XL Group has appointed Mike Smith as the new Southeast regional underwriting leader in its North...
Conn. Court: Enfield Homeowner Not Liable in Icy Sidewalk ‘Slip and Fall’ Case
Nov 19 2014 // Connecticut’s Supreme Court ruled Monday that property owners can’t be sued for injuries suffered when someone slips on an icy sidewalk in front of their home or business, unless their town has a specific law...
Texas’ Travis County Getting Serious About Property Crime Backlog
Nov 18 2014 // A fingerprint examiner for the Travis County sheriff’s office in Texas will devote the next six months to clearing a backlog of more than 600 property crime cases that piled up over the past 17 months. Most of the...
West Virginia Court Reinstates Damages Against City for Flooding
Nov 17 2014 // The West Virginia Supreme Court has ordered the restoration of monetary damages to Huntington homeowners hit by flooding in 2011. The high court ruled in an appeal brought by five plaintiffs along Krouts Creek, The...
Perpetuation Planning – Part Two
Nov 17 2014 // Last month’s “Minding Your Business” column explored a few reasons an agency might perpetuate the firm, the four common techniques to transfer ownership, pros and cons, and some options for internal...
FBI Reports Decreases in Violent, Property Crimes
Nov 10 2014 // The estimated number of violent crimes in the nation decreased 4.4 percent in 2013 when compared with 2012 data, according to the latest FBI figures. Property crimes decreased 4.1 percent, marking the eleventh straight...
CNA Restructures Hardy’s Lloyd’s Property Unit with New Appointments
Nov 7 2014 // CNA Financial Corporation announced a number of changes to the Property team of London-based Hardy (Underwriting Agencies) Limited, an independent wholly-owned indirect subsidiaries of CNA. The Property Business Unit will...
AIG Q3 Net Income Rises 1% to $2.19B, More Share Buybacks Planned
Nov 4 2014 // Insurer American International Group on Monday reported better-than-expected third quarter earnings, bolstered in part by improved performance at core insurance operations. After-tax operating income jumped 23 percent from...
Understanding Condo Association & Unit Valuation
Nov 3 2014 // Quite a few pieces must be in place to ensure no coverage gaps exist in either the condominium association’s or unit owner’s coverage picture. Three questions must be considered by the agent writing the...
Contractors Need to Be Involved in the Claims Process, BELFOR CEO Says
Nov 3 2014 // Customer service in property claims suffers when the contractor is left out of the settlement process and policy renewals may be in jeopardy because of it. That’s the word from the top executive of one of the...
Lockton, Burns & Wilcox Brokerage Offer Income Protection without Physical Loss
Nov 2 2014 // Lockton Cos. and wholesale broker Burns & Wilcox Brokerage have joined the Ebola-sensitive insurance protection movement with a product that protects companies from income losses and increased costs incurred without...
A Guide to Homeowners’ Liability for Injury to Trick or Treaters
Oct 31 2014 // Halloween pranks. Google this phrase and more than 5 million results link you to a myriad of ways to “mess with peoples’ minds” on Halloween. Some of the recommended pranks require a higher education to...
