Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
Washington Official Wants to Raise Insurance Tax to Help Fight Wildfires
Apr 15 2019 // With an increasing number of forest fires scorching portions of Washington each year, the Legislature is considering a proposal to create a fund dedicated to preventing and battling wildfires. In March, Commissioner of...
Assignment of Benefits Reform Moves Forward as Florida House Passes Measure
Apr 12 2019 // Assignment of benefits reform legislation progressed in the Florida legislature yesterday. Lawmakers passed House Bill 7065, one of two key pieces of insurance industry-supported legislation – the other being its...
Insurers Oppose Premium Tax to Fund Washington’s Wildfire Prevention
Apr 9 2019 // Lobbyists for the property/casualty insurance industry are trying to prevent a $125 million jump in the state of Washington’s insurance premium tax that would fund wildfire prevention and suppression. The tax would...
Axa XL Expands Inland Marine Coverage with Contractor’s Equipment Offering
Apr 9 2019 // Axa XL’s North America marine insurance business is expanding its inland marine business with a new contractor’s equipment product with a number of new coverages. “Contractor’s need a wider variety...
North Carolina Insurance Fraud Round-Up: March
Apr 9 2019 // The North Carolina Department of Insurance announced multiple fraud enforcement actions during the month of March 2019. Insurance fraud costs American consumers approximately $80 billion dollars a year. According to North...
UK-Based MGA EPUL Launches Coverage Solution for Unorthodox Property Risks in UK
Apr 4 2019 // European Property Underwriting Ltd. (EPUL), a commercial property managing general agent (MGA), has launched “Solutions,” a package of covers specifically designed to address the challenges that brokers face in...
Burst Sewer Pipes, Condos, and Coverage
Apr 3 2019 // We had an interesting question come in this week so I thought I would address it publicly. I’ve edited the question for space and to avoid disclosing any identifiable details. “I live in a condo building. A...
How Disasters, Tax Reform Affected P/C Insurers’ Performance in 2018
Apr 1 2019 // Mainly due to above-average catastrophe losses, the aggregate financial performance of U.S. publicly traded property/casualty insurers deteriorated slightly in 2018, according to a new A.M. Best special report. The...
Today’s Hot Markets
Apr 1 2019 // Telemedicine, Breweries, Intellectual property, Nurseries and Cottage foods Insurance Journal examined industries experiencing changes, challenges, expansions and growth in the past year. Here are five industry sectors and...
A Mix of Flood Insurance Reforms
Apr 1 2019 // Conservation, CarFax-Like Disclosure, Means-Test for Rates Up for Discussion The federal flood insurance program has a knack for inspiring ideas from reformers across the political spectrum on how to improve government. If...
Universal Insurance Holdings Enters Illinois’ Homeowners Market
Mar 26 2019 // Universal Property & Casualty Insurance Co. (Universal Property), a subsidiary of Universal Insurance Holdings Inc., has entered the market for homeowners insurance in Illinois. The company is now offering homeowners...
How to Turn Today’s Confusion Into a Sustainable Cyber Insurance Market
Mar 26 2019 // There has been plenty of talk about how cyber continues to evolve in an ever-changing technology landscape, how cyber risks have become increasingly sophisticated and how the insurance industry needs to keep...
Analysis: Warren Buffett Champions an Inferior Product in THREE Policy
Mar 25 2019 // Warren Buffett, often ahead of the curve, sounded like a disrupter in a 2004 shareholder letter. Fifteen years ago, Buffett wrote, “Insurers have generally earned poor returns for a single reason: They sell a...
Bill Limiting Suits Against Mississippi Property Owners Heads to Governor
Mar 22 2019 // A bill that would make it harder for people to sue Mississippi property owners for some injuries is headed to Gov. Phil Bryant for his signature or veto. The state Senate on Tuesday voted 31-21 to concur with changes that...
Worldwide Facilities Taps Holden as SVP, Property Broker in Atlanta
Mar 22 2019 // Worldwide Facilities has added Shane Holden to its Atlanta team as senior vice president/Property broker. Holden brings 25 years of insurance and risk management experience to his position at Worldwide Facilities. With...
Conservation, CarFax-Like Disclosure, Means-Test in Mix of Flood Insurance Reforms
Mar 21 2019 // The federal flood insurance program has a knack for inspiring ideas from reformers across the political spectrum on how to improve government. If some of today’s reformers get their way, flood insurance will become a...
Mass. Court Finds Insurer Duty to Defend Subcontractor in Property Damage Case
Mar 20 2019 // A Massachusetts Appeals Court has ruled that an insurance company is responsible for insuring alleged property damage caused by its subcontractor client, vacating an earlier Superior Court decision that the insurer has no...
RSG Affiliate PERse Opens Miami Office, Makes 3 Staff Appointments
Mar 20 2019 // PERse (Power.Energy.Risk), a managing general underwriter specializing in property and casualty insurance products for energy and power production facilities with a specialized focus on renewable energy, has opened a new...
Insured Property Loss for Northern Australia Floods Estimated at A$957M: PERILS
Mar 18 2019 // Initial insured property losses for floods that recently affected northern Queensland, Australia, and in particular the city of Townsville, are estimated at A$957 million, according to PERILS, the independent Zurich-based...
Aon’s New Ventures Group Focuses on Intellectual Property with Cochrane Named COO
Mar 18 2019 // Aon’s New Ventures Group (NVG), which was formed in October 2018 to accelerate Aon’s investment in innovative new solutions, is focusing its first efforts on intellectual property in order to help clients...
