Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
Intellectual Property Coverage Presents Challenges in Private D&O
Apr 24 2017 // Physical property damage due to natural disasters, weather-related or man-made incidents, can be relatively straightforward to assess, but understanding how a different form of property causes damage can be a little more...
Climate Change And The Nightmare Scenario for Florida’s Coastal Homeowners
Apr 20 2017 // On a predictably gorgeous South Florida afternoon, Coral Gables Mayor Jim Cason sat in his office overlooking the white-linen restaurants of this affluent seaside community and wondered when climate change would bring it...
Insurer Fined More Than $200K in Delaware for Unfair Practices
Apr 20 2017 // The Delaware Department of Insurance, along with insurance regulators for forty-eight other jurisdictions, have reached a multi-million dollar settlement with Assurant Inc. regarding the company’s writing of...
Great American Insurance Promotes Kadnar in Property, Marine Division
Apr 17 2017 // Cincinnati, Ohio-based Great American Insurance Group has named Julie F. Kadnar divisional president of its Property and Inland Marine Division, succeeding Dale Kelley, who will retire in June 2017. Kadnar joined the...
AXIS Re Names XL Catlin’s Leahey as Senior Cat U/W for Europe, MENA
Apr 12 2017 // AXIS Capital Holdings Ltd. announced the appointment of Michael Leahey as vice president and deputy head of Catastrophe Underwriting for Europe, Middle East and North Africa (MENA), and Israel, for AXIS Re. In addition to...
Making a Federal Case Out of ‘Legal’ Marijuana Insurance Claims
Apr 11 2017 // Michael Johnston, the great, great grandson of the founder of one of the first Baptist churches in Texas, grew up being constantly warned about sin, including the evils of television and dancing. Thus it is a bit strange...
RMS Expands Range of ‘Cyber-Physical’ Models for Property Insurers
Apr 6 2017 // RMS, the Newark, Calif.-based risk modeling and analytics firm, announced the expansion of its range of cyber models to include a new class of “cyber-physical” models. These include a range of cyber attack...
PERILS Releases Updated Exposure Database
Apr 4 2017 // PERILS AG, the independent Zurich-based company that provides industry-wide catastrophe insurance data, has released the 2017 update of the PERILS Industry Exposure Database (IED). The updated database is composed of more...
Broad Intellectual Property Coverage Presents Challenges in Private D&O
Apr 3 2017 // Physical property damage due to natural disasters, weather-related or man-made incidents can be relatively straightforward to assess, but understanding how a different form of property causes damage can be a little more...
Insurtech Startups Take Note: Traditional Insurers Score Highest Ever Satisfaction Grades
Apr 3 2017 // Those uppity insurtech startups might want to take note: About one of every 15 U.S. homeowners insurance policyholders files a claim each year, and these claimants are now giving insurers their highest ever satisfaction...
Florida Property Insurers Avoid Ratings Downgrades From Demotech, For Now
Apr 3 2017 // Ratings company Demotech is holding off on issuing large-scale ratings downgrades of Florida property insurers for now, after a number of insurers heeded its warning about the effects of assignment of benefits abuse and...
Allianz Insurance Launches Live Video Streaming Platform for Property Claims
Mar 31 2017 // Allianz Insurance, the U.K.-based subsidiary of Allianz SE, has launched a video streaming platform called Allianz Site View, which is designed to enhance its claims proposition by enabling customers to send images, video...
Blue River Underwriters Promotes Jared Mathis to Executive Vice President
Mar 31 2017 // Atlanta, GA, March 31, 2017 — Blue River Underwriters, a Breckenridge Insurance Group company, has promoted specialty property senior vice president Jared Mathis to executive vice president of the division. As executive...
Texas Businesses Divided on High-Priority Insurance Bill
Mar 30 2017 // This article originally appeared in the Texas Tribune. Weeks after major business interests blasted legislation that would make it harder for property owners to sue insurance companies over weather-related damages, other...
Acappella Syndicate Promotes Quinn and Bellamy in Reinsurance Division
Mar 29 2017 // Acappella Syndicate 2014 is very pleased to announce the promotion of Jim Quinn to the new role of head of the Reinsurance Division and Matthew Bellamy to the role of head of Property Reinsurance. Both promotions are with...
1347 Property Insurance Holdings to Expand Into Florida Homeowners Market
Mar 28 2017 // Specialty property and casualty insurance holding company 1347 Property Insurance Holdings, Inc., (PIH), which currently offers insurance to individual and commercial customers in Louisiana and Texas through its...
Swiss Re Names Mitchell as Head of Property & Specialty Reinsurance
Mar 22 2017 // Swiss Re announced that Mike Mitchell, currently head Property Underwriting and Property & Casualty Facultative, Asia, will succeed Edouard Schmid as Swiss Re’s head Property & Specialty Reinsurance,...
Steamin’ Hot Markets: Cyber, Sharing Economy, Active Shooter, Construction, Mergers and More
Mar 20 2017 // Cyber Sharing Economy, Active Shooter, Construction, Mergers and More Insurance Journal examined industries experiencing changes, challenges, expansions and growth in the past year. For 2017, experts predict the U.S....
Texas Senate Committee Hears Testimony on Tweaked ‘Hail Litigation’ Bill
Mar 20 2017 // The Texas Senate Business and Commerce Committee on March 9 heard testimony on a revised bill that aims to limit the number of policyholder lawsuits filed against property insurance companies following severe weather...
Florida Property Insurers Largely Avoid Downgrades, For Now: Demotech
Mar 17 2017 // Ratings company Demotech is holding off on issuing large-scale ratings downgrades of Florida property insurers for now, after a number of insurers heeded its warning of last month about the effects of assignment of...
