Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
Everest Insurance Expands U.S Property Team
Jan 9 2017 // Everest Insurance has expanded its property underwriting team with several key hires in the retail, wholesale and inland marine areas. According to the insurer, joining the Everest Wholesale Property team are: Patrick...
ICAT Syndicate 4242 & Neon Partner to Underwrite Large U.S. Property
Jan 9 2017 // ICAT Syndicate 4242 at Lloyd’s, a U.S. catastrophe-exposed property underwriter, and Neon, a specialist Lloyd’s underwriter, have partnered in a reciprocal capacity arrangement to bring additional per risk...
Strong Storm Causes Property Damage, Power Outages in Pensacola, Florida
Jan 3 2017 // Authorities say about 30 homes show impacts from a storm with strong winds that swept through Pensacola, Fla., early Sunday. Escambia County Public Information Officer Joy Tsubooka told the Pensacola News-Journal that no...
XL Catlin Launches Active Assailant, Terrorism Threat Coverage
Dec 21 2016 // XL Catlin’s has launched Active Assailant, Loss of Attraction and Threat (ALT) insurance coverage to respond to the impact of terrorism or an active assailant attack or the threat of an attack on the operations of...
Texas Issues Mandatory Data Call to Property/Casualty Insurers
Dec 19 2016 // The Texas Department of Insurance has issued a mandatory annual data call to all insurance companies writing private passenger nonfleet automobile, homeowners multiple peril, workers’ compensation, commercial fire...
Battle Over Property Claims and Litigation in Texas Set to Continue in 2017
Dec 19 2016 // If a Dec. 1, 2016, hearing is any indication, Texas lawmakers will be encouraged in the coming legislative session to take up what the property/casualty insurance industry says is a problematic trend following severe...
Property Claims and Litigation Likely on Texas 2017 Legislative Docket
Dec 19 2016 // If a Dec. 1, 2016, hearing is any indication, Texas lawmakers will likely be encouraged in the coming legislative session to take up what the property/casualty insurance industry says is a problematic trend following...
2016 State Specialist P/C Insurers Revealed: Demotech
Dec 5 2016 // The Demotech Company Classification System categorizes insurers into one of 11 categories based on an analysis of data reported by companies to the National Association of Insurance Commissioners (NAIC). The 11 categories...
Aviva to Reopen Property Fund It Suspended After Brexit Vote Turmoil
Nov 23 2016 // Aviva Investors, the fund arm of insurer Aviva, plans to reopen the UK property fund it was forced to suspend during the market turmoil which followed Britain’s vote to leave the European Union in June. British funds...
Rockhill’s New E&S Property Unit Focused on Coastal Risks
Nov 22 2016 // Columbus, Ohio-based Rockhill Insurance Group, a member of the State Auto Insurance Group has launched an excess and surplus (E&S) property unit. Led by industry veteran Tracy Upton the unit is a catastrophe wind and...
China’s Anbang Eyes $2.3B Purchase of Japanese Property Assets: Sources
Nov 21 2016 // China’s Anbang Insurance Group Co. is in talks to buy as much as $2.3 billion in Japanese residential property assets from Blackstone Group, two people involved in the discussions said, in what would be Japan’s...
XL Catlin Adds Terrorism & Political Violence Coverage to Property Program
Nov 21 2016 // XL Catlin has enhanced its Platinum Property insurance program with a new terrorism and political violence insurance option. XL Catlin’s Platinum Property program allows businesses to address 100 percent of their...
People
Nov 21 2016 // Former long-time Chubb executive Dino E. Robusto assumes the roles of CNA chairman and chief executive officer on Nov. 21, succeeding Thomas F. Motamed, who is retiring after eight years in those positions. The succession...
How Tech Can Turn the Tide of Flood Insurance
Nov 21 2016 // As residents of coastal Louisiana, New York and New Jersey have discovered, a house with a sea view can carry a serious and soggy downside. In terms of storms and their severity, a building’s location has never...
ISO Files Homesharing Coverage Options For Homeowners’ Policies
Nov 16 2016 // ISO has introduced new homesharing insurance options to address exposures that policyholders may face when renting out all or parts of their homes. The new homeowners coverage options and accompanying rating provisions...
EPIC Adds Haycock as Producer in Northern California
Nov 15 2016 // EPIC Insurance Brokers & Consultants has hired Rick Haycock as a property/casualty insurance producer in Northern California. Haycock will be responsible for new business development and the design and management of...
Everest Insurance Expands Environmental Coverage
Nov 14 2016 // Everest Insurance has expanded its environmental offering with its new ESP policy form, a mono-line site pollution policy form that includes coverage available for both new and pre-existing pollution conditions for bodily...
2016 Wildfire Season Not Likely to Top Record-Setting 2015 Season
Nov 8 2016 // This post is part of a series sponsored by CoreLogic. Trajectory Shows Fewer Fires and Fewer Total Acres Burned in 2016 In 2015, the amount of area consumed by wildfires in the U.S. topped 10 million acres for the first...
Property Damage Reported After 5.0 Mag Quake Hits Oklahoma near Cushing
Nov 7 2016 // A 5.0 magnitude earthquake struck Oklahoma on the evening of Nov. 6 near the town of Cushing, an area that has experienced increased seismic activity since 2015, the Oklahoma Geological Survey reported. Several...
1.8 Million Western U.S. Homes at Extreme or High Wildfire Risk, Report Shows
Nov 7 2016 // Data provider CoreLogic’s new annual Wildfire Risk report designates 1.8 million single-family homes across 13 Western states as being at “Extreme” or “High” risk of wildfire damage,...
