Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
Rising Seas May Wipe Out Jersey Towns and Millions in AAA Bonds
May 26 2017 // Few parts of the U.S. are as exposed to the threats from climate change as Ocean County, New Jersey. It was here in Seaside Heights that Hurricane Sandy flooded an oceanfront amusement park, leaving an inundated roller...
Here’s What the House Has in Mind for Revamping Flood Insurance Program
May 26 2017 // A much-anticipated House subcommittee proposal on flood insurance promises to reauthorize the National Flood Insurance Program (NFIP) for five years beyond its September 30 expiration date. The proposal would introduce...
AXIS Adds Martin, Ross to Georgia-Based P&C Team
May 25 2017 // AXIS Capital Holdings Limited has announced the appointments of James Martin and Russ Madore, each as vice president, U.S. Programs, within AXIS Insurance’s Property and Casualty team. Martin and Madore will each be...
Texas ‘Hailstorm’ Litigation Bill Headed to Governor’s Desk
May 17 2017 // Legislation backed by the insurance industry and some Texas business groups that curtails the ability of policyholders to sue insurance companies over property claims following extreme weather events has passed the state...
2017 Super Regional Property/Casualty Insurers Revealed
May 16 2017 // Once again, Demotech Inc., the official research partner of Insurance Journal, identified the nation’s Super Regional Property/Casualty Insurers — P/C insurers writing multiple lines of insurance in multiple...
Florida Lawmakers Once Again Fail to Pass AOB Claims Reform
May 15 2017 // Florida lawmakers have once again let slip an opportunity to address insurance claims abuse, as legislation failed to make it through the Senate before the 2017 legislative session ended. This is the fifth consecutive year...
Insurance Industry-Backed Storm Damage Bill Passes Texas House
May 15 2017 // The passage in the Texas House of a bill limiting liability for property insurance companies sued by policyholders following weather related events has given the insurance industry, which lobbied strongly for the bill,...
Travelers’ Drone Program Is Changing the Way Its Claims Reps Do Business
May 11 2017 // Powered by InsuranceJournal.tv Travelers’ Claim University, founded in 2007, is working to change the way its claims professionals do business through the use of drones to assist in property inspection and claims...
How P/C Insurers Fared in 2016
May 9 2017 // Private U.S. property/casualty insurers lost big in 2016, reporting a $4.7 billion net underwriting loss driven, in part, by significantly higher catastrophe-related property losses, according to ISO and the Property...
Florida Lawmakers Once Again Fail to Pass AOB Claims Reform
May 9 2017 // Florida lawmakers have once again let slip an opportunity to address insurance claims abuse, as legislation failed to make it through the Senate before the 2017 legislative session ended Friday. This is the fifth...
Digital Property Inspection Startup Spex Gains J.S. Held as Backer
May 8 2017 // J.S. Held, a Jericho, N.Y.-based construction and property damage consulting firm, said it has become a majority owner in Spex, a digital property inspection and reporting platform for the property/casualty insurance...
Texas House Passes ‘Hailstorm’ Bill Aimed at Weather Damage Lawsuits
May 5 2017 // Note: this story was originally published in the Texas Tribune. The Texas House gave initial passage on May 4 to a bill that would make it harder for property owners to sue insurers over weather-related damage to...
Texas Seeks Property Insurers’ Catastrophe Area Premium Data
May 3 2017 // The Texas Department of Insurance (TDI) has issued a special data call to companies writing direct commercial property or business owners insurance in Texas during calendar year 2016, seeking information that would help...
Legal Marijuana Stores Linked to Increased Property Crime
May 1 2017 // Legal marijuana shops are linked to higher levels of property crime in nearby areas, according to a nearly three-year study in Denver. Researchers found that crime isn’t higher in the area immediately surrounding...
Canada’s Desjardins Aims to Buy P/C Insurers: CEO Cormier
Apr 28 2017 // Desjardins Group is looking to acquire insurers, wealth managers and payments firms to expand further outside Quebec and challenge the dominance of Canada’s big financial services firms, Chief Executive Officer Guy...
Underwriting Questions in the Sharing Economy
Apr 26 2017 // Here at Insurance Journal’s Academy of Insurance, the idea of the sharing economy has been a front burner item lately. This week’s webinar is the third (and last) this year on the subject and the second in...
Ed Names Howden’s Plummer as Chairman of Property & Casualty
Apr 26 2017 // Ed, the London-based reinsurance, wholesale and specialty broker, announced the appointment of John Plummer as chairman of Property & Casualty. Plummer takes up his role with immediate effect. Plummer brings over 30...
Generali Expands in U.S. with Chicago, San Francisco Offices and 3 Hires
Apr 26 2017 // Generali is expanding its U.S. global corporate and commercial operations with the opening of offices in Chicago and San Francisco in a bid to grab more business from U.S. multinational companies. The Italian...
Neon Appoints Sirius’ Sethi as Senior D&F Underwriter
Apr 24 2017 // Neon has appointed Catherine Sethi as senior underwriter in its Property Direct & Facultative (D&F) team. Based in London, Sethi will report to Sam Yates, who joined Neon recently to lead the expansion and growth...
Breckenridge Insurance Services Welcomes Property Investor and Real Estate Owned Expert Thomas Elder, AU, ASLI to Team
Apr 24 2017 // Atlanta, GA, April 24, 2017 — Breckenridge Insurance Services announced insurance executive Thomas Elder, AU, ASLI, has joined the company as senior vice president/senior broker. Elder—a 17-year veteran of the...
