Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
BHSI Hires Macfarlane to Lead Downstream Energy Property in Europe
Dec 1 2020 // Berkshire Hathaway Specialty Insurance (BHSI) announced it is expanding its capabilities in Europe to underwrite downstream energy property insurance and has named Tom Macfarlane to lead this business segment. “This...
HGTV’s ‘Property Brothers’ Sign With American Family Insurance as Spokesmen
Nov 30 2020 // American Family Insurance has chosen home renovation duo Drew and Jonathan Scott, the twin stars of HGTV’s “Property Brothers,” as the company’s newest brand ambassadors. The Scott brothers and...
Aon Targets M&A Market with Intellectual Property Assessment Offering
Nov 20 2020 // Insurance broker Aon has launched the Quality of Intellectual Property (QoIP) Solution that is designed to help companies receive higher transaction value by specifically articulating the quality of the seller’s IP...
Texas Issues Call to Insurance Companies for 2019 North Texas Storm Data
Nov 17 2020 // The Texas Department of Insurance has issued a call to insurers licensed to write property/casualty insurance in Texas, including surplus lines and farm mutual insurers for the collection of data about a 2019 storm in...
Prime Property & Casualty Insurance Inc. Successfully Resolved Trucking Case in Florida Jury Verdict of Just Under $412M
Nov 17 2020 // Chicago, IL, November 13, 2020 – Prime Property & Casualty Insurance Inc. (“PPCI”) successfully resolved a trucking case that went to jury trial in Florida resulting in a jury verdict of just under...
Kevelighan: Talks with Institutes on Creating 21st Century Triple III Began Years Ago
Nov 16 2020 // Affiliating with The Institutes provides an opportunity for the industry’s Insurance Information Institute (III) to become more of a 21st Century trade association, rather than one suited for the 1950s, according to...
3 Ps to Consider When Managing the Risks of Assisted Living Facilities
Nov 16 2020 // Assisted living facilities provide a necessary service to our aging population, but operating them comes with risks. When you consider that they are designed to provide care for our loved ones in ways that many of us are...
13 New U.S. Property/Casualty Insurer Impairments in 2019
Nov 16 2020 // The U.S. property/casualty industry saw 13 new insurance company impairments in 2019, two more than in 2018, involving entities operating in a mix of lines of business and a variety of states, according to a new AM Best...
How Lloyd’s Underwriters Are Viewing Today’s U.S. Property Insurance Environment
Nov 12 2020 // While the COVID-19 pandemic has slowed business activity around the globe, for underwriters in the Lloyd’s market who were in the process of increasing property insurance rates when the pandemic hit, the timing may...
Hamilton Promotes 3 at Lloyd’s Unit as Managing Agency CEO, CUO Resign
Nov 10 2020 // Hamilton Insurance Group announced three promotions in the leadership team at its Lloyd’s operations following the resignations of Hamilton Managing Agency Limited CEO Tim Glover and Chief Underwriting Officer David...
Hit to Louisiana Citizens Property Insurance from 2020 Storms Limited to $35M
Nov 9 2020 // Louisiana Citizens Property Insurance Corp. (Citizens), the state’s insurer of last resort, will take only a $35 million financial hit from the 2020 hurricane season because of its reinsurance program, according to...
AIG’s Plan to Divest Life & Retirement Business Could Prompt Ratings Downgrades
Nov 2 2020 // American International Group’s plan to downsize by divesting its Life & Retirement (L&R) business is drawing cautious and wary reactions from rating agencies that follow the property/casualty insurance...
Integrated Specialty Coverages Launches Investor Property Insurance Program
Oct 30 2020 // Integrated Specialty Coverages (ISC), a program administrator developing insurance products utilizing artificial intelligence (AI) technology and analytics, has launched its Investor Property Program designed to address...
Pennsylvania Judge Allows COVID Business Loss Suit Against Lloyd’s to Advance
Oct 30 2020 // Lloyd’s of London lost its initial bid to squelch a coronavirus business interruption lawsuit brought by a Philadelphia bar and restaurant. Judge Gary S. Glazer of the Court of Common Pleas in Philadelphia turned...
Florida Property Insurance Market Inches Closer to Crisis – Part 2
Oct 30 2020 // The Florida Office of Insurance Regulation is monitoring the state’s property insurance situation that is seen as in a crisis by those in the industry. The regulator said the insurance market has been buffeted by...
Florida Property Insurance Market Inches Closer to Crisis – Part 1
Oct 29 2020 // After years of warnings that the Florida property insurance market was heading towards an availability crisis, many in the industry say the moment of reckoning has arrived. They blame unchecked claims litigation from...
Woodruff Sawyer Names McEvoy of Marsh Property Practice Leader in California
Oct 29 2020 // San Francisco, Calif.-based Woodruff Sawyer has named Mark McEvoy its property practice leader. McEvoy is based in San Francisco and will lead the practice nationally. McEvoy has more than 13 years of experience in both...
New CFC Intellectual Property Product Targets Risks of M&A Transactions
Oct 27 2020 // CFC has launched a new product designed to address intellectual property (IP) infringement risks facing buyers undertaking a merger or acquisition. The product offers protection to buyers for IP infringement risks...
AIG Names Zaffino to Succeed Duperreault as CEO; Will Spin Off Life Insurance Business
Oct 26 2020 // American International Group has disclosed significant leadership changes as well as plans to separate its Life & Retirement business into an independent company. Peter Zaffino, currently AIG’s president and...
ISO Business Auto Form and Endorsement Revisions
Oct 23 2020 // Effective November 1, 2020, Insurance Services Office (ISO) is introducing 19 new endorsements for its business auto program. Many of these changes are the result of requests from IIABA’s Technical Affairs...
