Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
UK’s Allianz Commercial Promotes Higham to Property Account Manager
Jun 15 2015 // Allianz Commercial has announced the promotion of Paul Higham to the position of property account manager. Higham’s appointment is the third appointment made in the newly aligned property and casualty team, said the...
Additional Insured Endorsements in Construction
Jun 15 2015 // To get on a job, contractors often have to show proof of insurance and name the individuals hiring them as additional insureds on the contractors’ commercial general liability (CGL) policies. By doing this, the...
Universal Property & Casualty Insurance OK’d to Write in Michigan
Jun 9 2015 // Florida-based Universal Insurance Holdings Inc. announced that the Michigan Department of Insurance issued a Certificate of Authority to Universal Property & Casualty Insurance Co. (UPCIC), establishing UPCIC as a...
Top 5 Issues in Often-Misunderstood Business Interruption Insurance
Jun 3 2015 // The high costs related to business interruption should provide an impetus for companies to prep for them in advance, according to industry experts. During a recent webinar hosted by global broker Marsh, insurance experts...
Universal Property & Casualty Writes 1st Homeowners Policy in Pennsylvania
Jun 3 2015 // Universal Insurance Holdings Inc. announced that the Pennsylvania Insurance Department has approved the homeowners insurance rates and forms of its wholly-owned subsidiary, Universal Property & Casualty Insurance...
Ironshore Names Owen as Senior Vice President of Global Property Energy
Jun 3 2015 // Bermuda-based Ironshore has named Daniel Owen as senior vice president of the Global Property Energy division, effective immediately. Owen, who joined Ironshore in 2011, is currently senior vice president of Global...
10 Things to Know About Financial Institutions
Jun 1 2015 // 1.Financial institutions are increasingly being scrutinized by regulators, both federal and state, about their safeguards to protect sensitive customer information. These regulatory inquiries are not only focused on the...
Louisiana Citizens Property Insurance Mulling Coastal Rate Hike
Jun 1 2015 // More than 65,000 homeowners in coastal parishes covered by the Louisiana’s property insurer of last resort could see their rates jump 10 percent in mid-August. Under state law, Louisiana Citizens Property Insurance...
Hail Claim Litigation Bill Dies in Texas House
May 28 2015 // With the legislative session winding down in Texas, a measure sought by the insurance industry that its proponents say would help rein in litigation related to property insurance claims has died in the House of...
Atlas General Insurance Services, LLC, Hires Jeff Hoffman as Vice President of Specialty Property Division
May 27 2015 // San Diego, CA, May 27, 2015 – Atlas General Insurance Services, LLC, a national multi-line program manager, welcomes Jeff Hoffman as Vice President of Specialty Property. In his new role with Atlas, Jeff will be...
Insurers Get Ready to Comply With New Mississippi Property Insurance Clarity Act
May 27 2015 // Property insurers in Mississippi have until October 1, 2015 to respond to the Mississippi Insurance Department’s (MID) first call for homeowners’ insurance policy data that will be used to satisfy the...
For P/C Insurers, 2014 Was Better Than Average Year
May 26 2015 // Analysts who predicted the U.S. property/casualty industry would have a tough time topping its 2013 results in 2014 were largely correct as there was some slippage. However, while property/casualty insurers were not as...
Penn. Offers Insurance Tips for Consumers Preparing for Summer Vacations
May 22 2015 // As the weather warms and countdowns until summer vacations begin, the Pennsylvania Insurance Department is reminding consumers to make sure they are fully informed on their insurance coverage when preparing to leave for...
IFG Companies Adds DeCouto as VP of Primary Property Unit in Atlanta
May 22 2015 // Sophia DeCouto IFG Companies has named Sophia J. DeCouto as vice president and head of the Primary Property Unit within its Brokerage Property Division. DeCouto comes to IFG Companies with experience in excess and surplus...
Amlin Reports 1.4% Drop in Q1 Gross Written Premiums to $1.96 Billion
May 21 2015 // London-based Amlin plc reported gross written premium for the three months ended March 31, 2015 of £1.26 billion ($1.96 billion), compared with £1.27 billion ($1.97 billion) reported for the said period in 2014. At...
Is it Flood or Water Damage – Part IV of Flood, Flood or Flood
May 21 2015 // To review prior articles, links are here for Part I, Part II, and Part III. Part IV What the Insured Said Let’s bring this discussion back full circle to discuss what happened. What did the insured actually mean by...
Louisiana Citizens Property Insurance Corp. Class Action Members Owed $1,640
May 20 2015 // The Louisiana state treasurer is holding money for more than 4,500 people who participated in a class action lawsuit against the Citizens Property Insurance Corp. Treasurer John Kennedy says in a news release that most...
Courts and Carriers Can Misapply the Absolute Pollution Exclusion
May 19 2015 // Never let it be said that an exclusion would or could be misapplied; but the absolute pollution exclusion likely qualifies as the most misapplied exclusion within the commercial general liability (CGL) policy. Reasons for...
1347 Property Insurance Holdings Approved to Write in Texas
May 19 2015 // Property/casualty insurer, 1347 Property Insurance Holdings Inc., which writes business in Louisiana through its subsidiary, Maison Insurance Co., announced it has been granted a Certificate of Authority to write P/C...
MSIG at Lloyd’s Hires Eyres in Property Underwriting; Dougall Heads P&C
May 18 2015 // MSIG at Lloyd’s, the international specialty arm of Mitsui Sumitomo Insurance Group, has appointed Martin Eyres as property underwriting manager and promoted Andrew Dougall as head of property and casualty. Eyres,...
