Latest Property Headlines

All the headlines from our Property Topic Page, ordered by recency.

People Moves: WTW Names Aon’s Day as Head of Int’l Property; TMK Hires Spyropoulos From Lloyd’s as Asia Regional MD; HDI Global Mexico Makes Management Changes

Apr 7 2022 // This edition of International People Moves details appointments at Willis Towers Watson (WTW), Tokio Marine Kiln (TMK), and HDI Global.A summary of these new hires follows here. WTW Names Aon’s Day as Head of...

Property Catastrophe Reinsurers Show Greater Risk Appetites as Price Hikes Continue

Apr 1 2022 // Reinsurers have boosted their 2022 probable maximum loss (PML) exposures as higher prices continues to attract more capital to property-catastrophe risks, according to Moody’s Investors Service.Reinsurers’...

People Moves: TigerRisk Boosts Delegated Authority Offering; Mosaic Expands M&A Liability Team With 4 Hires; MGU Carbon Names Chubb’s Turner as Property U/W

Mar 30 2022 // This edition of International People Moves details appointments at broker TigerRisk Partners, Mosaic Insurance and MGU Carbon Underwriting.A summary of these new hires follows here. TigerRisk Partners LLC, a leading risk,...

People Moves: WTW Hires MS Amlin’s Singh; Optio Names Hartford’s Robinson as MD; MS Amlin Adds Sirius’ O’Donnell to Property

Mar 9 2022 // This edition of International People Moves details appointments at Willis Towers Watson, Optio Group and MS Amlin.A summary of these new hires follows here. WTW Hires MS Amlin’s Singh for Climate Analytics, Exposure...

Cyber Market Primed to Grow and Eclipse Property by 2040: Gallagher Re

Mar 7 2022 // Following a pause to stabilize the vessel, the cyber market is poised for a wave of growth that could make it larger than the property catastrophe market by 2040, according to Gallagher Re.In fact, if the cyber market...

Markets/Coverages: Take1 Features Film Producers Package; Pathpoint Now Serving Restaurants; Nexus Specialty Targets Management Liability

Mar 4 2022 // Take1 Introduces Coverage for Documentary, Industrial, Commercial, and Educational Film ProducersThanks to the growing number of broadcast, cable and streaming platforms, the market demand for recorded filmed content has...

Property, Motor Vehicle Insurance Claims From Severe Australia Floods at A$900M and Rising

Mar 4 2022 // Property and auto insurers in Australia have received 60,163 claims related to the ongoing disastrous flooding in South-East Queensland and New South Wales. Based on previous flood events, the Insurance Council of...

Customer Satisfaction Scores Drop for Property Claims: J.D. Power

Mar 4 2022 // J.D. Power says frustration with slower claim cycle times and a rough transition to digital channels contributed to the lowest customer satisfaction score for property claims in five years.Overall customer satisfaction...

Could the Ukraine Crisis Move Florida to Fix Its Insurance Crisis?

Mar 2 2022 // With the March 11 scheduled close of its regular session fast approaching, the Florida Legislature remains so focused on putting the finishing touches on its various culture-war signaling bills that one might think...

Ohio Supreme Court Hears Lawsuit Over Company’s COVID Losses

Feb 28 2022 // An Ohio business says its insurance company must compensate it for financial losses suffered during a pandemic-related shutdown. The insurance company refused to pay, saying its policy didn’t cover such losses. The...

Cyber Market Primed to Grow and Eclipse Property by 2040: Gallagher Re

Feb 23 2022 // Following a pause to stabilize the vessel, the cyber market is poised for a wave of growth that could make it larger than the property catastrophe market by 2040, said Gallagher Re.In fact, if the cyber market continues to...

Prime Insurance Company and Prime Property & Casualty Insurance Inc. Announces the Appointment of New Board Member

Feb 23 2022 // Ms. Richards states, “It is an honor to serve a carrier so dedicated to fighting for justice on behalf of our insured partners.”Chicago, IL, February 23, 2022 — Rick J. Lindsey, President, CEO and Chairman of...

8th Circuit: Insurer Owes Nothing to Arkansas Man Who Lied on Proof of Loss Statement

Feb 23 2022 // After his house burned down in 2015, Rick Merechka turned in a sworn proof of loss statement telling his insurance company that the replacement value of his household goods was $607,640.But in December 2010, Merechka and...

Florida Appeal Courts Side with Insurers in Attorney Fees, AOB and PIP Cases

Feb 23 2022 // From attorneys’ fees to water damage to reimbursement limits in no-fault auto insurance, Florida appeals courts have sided with insurers in several cases in recent days. Here’s a look:Attorney Fees and Another...

Another Big Insurer Stops Writing Homeowners Policies in Florida

Feb 21 2022 // The Florida property insurance market is showing more signs of trouble, with one of the state’s largest carriers deciding to stop writing new homeowner business in the state — while also asking for a rate...

Climate Change Could Push Flood Losses in U.S. to $40B by 2050

Feb 17 2022 // Climate change could result in the financial toll of flooding rising by more than a quarter in the U.S. by 2050, according to new research.The research, led by the University of Bristol and published in Nature Climate...

People Moves: Conduit Re Names Roberts CUO; Brit Appoints Hodgkins as Cyber Underwriting Consultant; Oneglobal Hires Gallagher’s de Lima as CEO, Andean Region

Feb 15 2022 // This edition of International People Moves details appointments at Conduit Re, Brit Ltd. and Oneglobal Broking.A summary of these new hires follows here. Conduit Re Names Roberts as Chief Underwriting OfficerConduit Re...

Another Big Insurer Stops Writing Homeowners Policies in Florida

Feb 8 2022 // The Florida property insurance market is showing more signs of trouble, with one of the state’s largest carriers deciding to stop writing new homeowner business in the state – while also asking for a rate increase...

Insurance Technology: Betterview Features Defensible Space; Clara Analytics Tackles Commercial Auto; Ascend Raises $30M for Premium Finance

Feb 8 2022 // Betterview, an insurtech provider of property intelligence to property/casualty insurance companies, now has available what it calls its Defensible Space feature that enables insurers using the company’s Remote...

People Moves: QBE Promotes Shallow as Head of Marine; Beazley Names MS Amlin’s Hunter for Open Mkt. Property; TigerRisk Hires Liberty’s Hodges for Analytics, Int’l

Feb 8 2022 // This edition of International People Moves details appointments at QBE, Beazley and TigerRisk Partners.A summary of these new hires follows here. QBE Promotes Shallow as Head of MarineQBE has appointed Kevin Shallow as...