Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
Agent, Cyber-Educate Yourself – and Your Clients
Nov 16 2015 // A recent report showing that cyber insurance premiums will grow globally from $2 billion annually to more than $20 billion over the next 10 years reinforces what most in the insurance industry already know: cyber risks are...
Agent, Cyber-Educate Yourself – and Your Clients
Nov 16 2015 // A recent report showing that cyber insurance premiums will grow globally from $2 billion annually to more than $20 billion over the next 10 years reinforces what most in the insurance industry already know: cyber risks are...
Louisiana Citizens Property Insurance to Shed More Policies in 2016
Nov 15 2015 // Louisiana’s property insurer of last resort expects to shift about 10,000 policies to private insurance companies for 2016, a move that will reduce premiums by roughly $20 million. Interim Chief Executive Officer...
Everest Re Adds Inland Marine Unit to U.S. Specialty Platform
Nov 13 2015 // Everest Re Group, Ltd., has expanded its U.S. specialty insurance platform, Everest National Insurance Co., with the introduction of a new dedicated Inland Marine underwriting team. Everest National is pursuing a broad and...
South Carolina Puts Dam Owners on Notice for Big Bills
Nov 13 2015 // South Carolina’s environmental agency is warning dozens of property owners they could face substantial bills for not submitting plans as ordered for repairing dams damaged or destroyed in last month’s historic...
Montana Jury Awards $2M in Mistaken House Title Suit
Nov 12 2015 // A Yellowstone County, Mont. jury has awarded just over $2 million in damages to a Texas man after a loan servicing company negligently included the legal description of his Billings property in the foreclosure paperwork...
Weather-Related Property Claims Mount in Texas
Nov 12 2015 // Severe weather in all regions of the state this year has resulted in high numbers of insurance claims from property and auto losses in Texas, according to an insurance company trade group. The Insurance Council of Texas...
Brit Hires Pozzebon to Lead U.S. Property Facultative Team in Chicago
Nov 12 2015 // Global specialty insurer and reinsurer Brit Ltd (Brit) has appointed Nick Pozzebon to lead its existing Chicago-based U.S. property facultative team for Brit Global Specialty USA, reporting to Noreen Metcalfe. Pozzebon...
Three North Carolina Residents Accused of Insurance Fraud
Nov 6 2015 // The North Carolina Department of Insurance has arrested three residents –Anthony Bowen, 29, and Tracey Bowen, 49, of Jacksonville; and Kevin Donovan Reynolds, 25, of Durham –Insurance Commissioner Wayne Goodwin...
Property Specialist Otis Sanders II Joins Breckenridge Insurance Services as Vice President, Broker
Nov 5 2015 // Atlanta, GA, November 5, 2015 — Breckenridge Insurance Services, a leading specialty wholesale commercial brokerage firm, is pleased to announce Otis Sanders II has joined the organization as vice president, broker....
Agent, Cyber-Educate Yourself – and Your Clients
Nov 2 2015 // A recent report showing that cyber insurance premiums will grow globally from $2 billion annually to more than $20 billion over the next 10 years reinforces what most in the insurance industry already know: cyber risks are...
As Activist Investors Circle, AIG Posts Q3 Loss; Plans to Cut 400 Jobs
Nov 2 2015 // American International Group Inc., the insurer facing pressure from activist shareholder Carl Icahn for a breakup, posted a third-quarter loss as investment results deteriorated. The company plans to cut as many as 400...
Ace Names North American Claims Team with Chubb’s Miller, Ace’s Poetzsch as Executive VPs
Nov 2 2015 // Ace Ltd. has named the future claims leadership team it intends to appoint for the company’s North America Insurance division upon completion of its acquisition of Chubb, which is expected in the first quarter of...
Halloween and Legal Liability for Ghosts, Ghouls, Goblins, and Other “Guests”
Oct 30 2015 // “Halloween pranks.” Google this phrase and more than 5 million results link to a myriad of ways to “mess with peoples mind” on Halloween. Some recommended pranks require a higher education to...
Lloyd’s China, Tokio Marine Kiln & PICC Sign Intellectual Property Liability Deal
Oct 30 2015 // Lloyd’s China, Tokio Marine Kiln and People’s Insurance Company of China Property and Casualty Company (PICC P&C) signed a memorandum of understanding (MoU) to provide intellectual property infringement...
Florida Regulators ‘Encouraged’ by Insurers’ Stress Test Results
Oct 29 2015 // Florida property insurers are well-capitalized and able to handle a 1-in-100 year storm event if and when it occurs in the state, according to the Florida Office of Insurance’s 2015 Data Call and subsequent stress...
Police: 7th St. Louis Church Property Torched in 2 Weeks
Oct 23 2015 // An arsonist set fire to the rectory doors of a 172-year-old Catholic church early on Oct. 22, marking the seventh attempt to burn a place of worship in the St. Louis area in two weeks, police said. Authorities said an...
Data Call Deadline Approaching for Property Insurers in Georgia
Oct 21 2015 // Personal and commercial property insurers in the State of Georgia have until Oct. 30 to respond to a Data Call from the Georgia Insurance Department. The bulletin for the data call, issued in August, states the information...
Arrowhead General Insurance Agency Adds New All Risk Property Program in 50 States
Oct 19 2015 // San Diego, CA, October 19 2015 – Arrowhead General Insurance Agency, Inc. (Arrowhead), one of the largest program administrators in the country, announced today the addition of a new Commercial All Risk property...
E&O Insights: How Well Are You Managing Your Agency’s Commercial Lines Accounts?
Oct 19 2015 // Ask errors and omissions (E&O) carriers about their results when dealing with commercial lines shops and most, if not all, would comment that heavy commercial lines agencies definitely generate their share of E&O...
