property insurance News

Lockton Taps Davies from JLT as SVP, Property, in Bermuda

Lockton, the world’s largest privately held insurance broker, has appointed Gareth Davies as senior vice president, Property, in Bermuda. He will focus on growing the business, particularly in the property area, in a market that could be difficult over the …

Lloyd’s Broker AFL Creates Property Practice, Led by Crouch from Lockton

Lloyd’s broker AFL Insurance Brokers Ltd (AFL) announced the appointment of Neil Crouch to lead its new wholesale property practice. Previously head of broking at Lockton, Crouch will pioneer the company’s expansion in the property market, initially focusing on North …

Texas Peach Crops Affected by Mild Winter

Experts say the mild Texas winter hampered this year’s peach crop in parts of the state. The North Texas harvest appears to be bountiful, but growers in some other areas of the state faced challenges, the Fort Worth Star-Telegram reported. …

XL Catlin Raises Global Property Capacity by 25% to $500 Million

XL Catlin has raised its global property insurance capacity by 25 percent to US$500 million, which is available on a quota share or layered basis,. With this capacity increase, the company said it will better address clients’ global and domestic …

Insurance to Pay for up to $57M in Damage to Washington Waste Treatment Plant

An analysis says equipment failures caused between $49 million and $57 million of damage at the Washington’s largest sewage treatment plant. KING-TV reported the analysis was released related to damage at the West Point Wastewater Treatment Plant in Seattle. The …

Oakland Fire Captain Recommended Building Be Shut Down in January

An Oakland fire captain recommended in January that a building that burned this week, killing four people, should be shut down immediately for safety reasons, but department officials opted to take less drastic measures, records released Friday show. In an …

The Similarities Between 2 Deadly Oakland Fires Are Striking

The similarities between two deadly Oakland, Calif. fires that occurred nearly four months apart are striking: Each involved a dangerously dilapidated building with an absentee landlord and renters desperate for affordable housing in the expensive San Francisco Bay Area. The …

3 Sentenced in Ohio for Insurance Fraud

Lt. Gov. Mary Taylor announced that three Ohioans have been sentenced for insurance-related crimes as the result of investigations by the Ohio Department of Insurance. The department reported that: Pickerington resident Steven Franklin was sentenced to five years of community …

Landmark Restaurant in Washington Suffers $1M in Fire Damages

A fire at a Marysville, Wash. landmark caused about $1 million in damage. The Daily Herald reported that a fire broke out on Sunday at the Village Restaurant. It’s a landmark with a history that dates back to the 1930s. …

LA County Supervisors Order Inspection of Dams in Wake of Oroville Emergency

Supervisors have ordered inspections of all Los Angeles County dams in the wake of flooding concerns at Northern California’s Oroville Dam. The Los Angeles Times wrote that supervisors unanimously approved the order Tuesday. The Department of Public Works has 30 …