Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
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...
10 Things to Know About Commercial Property
Oct 19 2015 // Commercial property insurance continues to be a buyer’s market with additional capacity still making its way into an already overcrowded space. In the current market it is important for the insureds to set goals...
Atlas General Insurance Services, LLC Hires Lee Glaser as the Senior Vice President of the Commercial Division
Oct 15 2015 // San Diego, CA, October 15 2015 – Atlas General Insurance Services, LLC, a National multi-line program administrator, welcomes Lee Glaser as the new Senior Vice President of the Commercial Division. In his new role, Lee...
Insurance Rules For Valuing Damaged Or Destroyed Property
Oct 13 2015 // Replacement cost does not mean what the client believes or has been told. Insureds assume replacement cost translates into new stuff for old junk – because agents have told them that’s how it works. Well, to be...
Global Property Insurance Premiums Top $360 Billion: Finaccord Survey
Oct 12 2015 // As of the end of 2014 the worldwide property insurance market was worth $360.5 billion in gross written premiums with household (homeowners’) policies making up 54 percent of this total, according to a survey...
American Claims Management Tapped for Constitution Insurance’s Claims Management
Oct 12 2015 // San Diego, CA, October 12 2015– American Claims Management (ACM) has been chosen as the third party claims administrator for Constitution Insurance Company (CIC) for their personal property product division, effective...
European Property Underwriting Forms Capacity Agreement with 3 Risk Partners
Oct 6 2015 // European Property Underwriting Limited (EPU), a London-based property owners MGA, has secured an exclusive capacity arrangement with three risk transfer partners, led by HDI Gerling, with major co/reinsurance...
Berkley Re UK Launches Global Facultative Property Unit; Galea to Lead Team
Oct 5 2015 // Berkley Re UK Limited*, the London-based subsidiary of W. R. Berkley Co., announced it launched a global facultative property unit to provide targeted and tailor-made coverage to global clients, which will “enable...
Underinsurance of Property Is Growing Global Challenge: Swiss Re Report
Oct 5 2015 // The underinsurance of property risk – particularly natural catastrophe risks – has risen steadily over the past 40 years, even though claims payments have increased significantly during that period, according to Swiss...
Report: Florida Cities Most Vulnerable to Storm Surge
Oct 5 2015 // Four of the top eight cities most vulnerable to a major storm surge are located in Florida, according to a new report released by Karen Clark & Company (KCC). The 2015 “Most Vulnerable U.S. Cities to Storm Surge...
Experienced Property Broker Michael Dauth Joins Breckenridge Insurance Services as Vice President
Oct 2 2015 // ATLANTA, Ga., October 2, 2015 — Michael Dauth has joined Breckenridge Insurance Services, a leading specialty wholesale commercial brokerage firm, as vice president, broker. With more than 20 years of insurance...
