All the headlines from our Property Topic Page, ordered by recency.
Feb 23 2021 // National wholesale broker CRC Group announced that Alex Bonds has joined the company as chief officer for Property Programs to lead CRC’s exclusive Insurisk brand’s property facility development. Bonds joins...
Feb 17 2021 // QBE North America has launched a new modular property form designed to give underwriters and brokers the ability to tailor a program for each individual customer. The QBE Custom Property product contains 33 additional...
Feb 16 2021 // Applied Underwriters’ affiliate, North American Casualty Co., has completed its acquisition of Oklahoma City-based Oklahoma Property and Casualty Insurance Co. (OP&C).Applied Underwriters plans to make various...
Feb 12 2021 // Florida property insurers are jacking up rates by double-digit percentages, blaming the hikes on lingering damage from past hurricanes, a wave of litigation, and a law that encourages lawyers to sue by allowing courts to...
Feb 10 2021 // The owners of a Minneapolis restaurant have filed the first lawsuit against the city over property damage caused by the civil unrest following the police killing of George Floyd.A federal lawsuit filed by owners of the...
Feb 8 2021 // Berkshire Hathaway Specialty Insurance (BHSI) announced that Tomas Blas has been promoted to head of Property, Spain.Blas, who has 17 years of industry experience, joined BHSI in 2019 as head of Technical Lines in Spain....
Feb 4 2021 // Approximately $11 billion of property catastrophe bond limit was placed in 2020, the highest on record, according to a new Aon report that projects the growth momentum will continue in 2021.While the year was a record for...
Jan 29 2021 // A Maine judge will hear arguments in a property boundary dispute that resulted in a Dover-Foxcroft garage being cut in half last year.Gabriel Brawn removed half of the building that he believed was on his land using a...
Jan 20 2021 // Louisiana Citizens Property Insurance Corp., the state-sponsored insurer of last resort, now in its 14th round of depopulation, continues to shed policies, according to the Louisiana Department of Insurance.The drop in...
Jan 20 2021 // Florida’s property insurance market is “spiraling towards collapse” and requires immediate attention if there is any chance of protecting the market, consumers, and ultimately, the state’s economy,...
Jan 15 2021 // Sompo International Holdings Ltd., a Bermuda-based specialty provider of property and casualty insurance and reinsurance, announced the appointment of Richard Brown to lead a new team focusing on property business through...
Jan 14 2021 // Willis Towers Watson, the global advisory, broking and solutions company, announced the addition of Shanghai to its global property and casualty hub, aimed at enhancing the company’s global placement model for...
Jan 13 2021 // W.R. Berkley Corp. sold off one of its real estate investments – a New York City office complex – at the end of 2020. The sale generated a $105 million pre-tax net gain, according to the commercial lines specialty...
Jan 7 2021 // A report prepared by Willis Towers Watson showing the potential impact of increased coastal building standards on premium rates for Texas’ property insurer of last resort for coastal counties is now available for...
Jan 6 2021 // Cincinnati, Ohio-based Core Specialty Insurance Holdings Inc. has filled several key roles within its Property Division, led by Alison Oliphant.The company had previously announced its plans to launch this division ahead...
Dec 29 2020 // Miami Beach is exploring a way to help residents cover the cost of floodproofing their properties from heavy rains and high tides made even higher by sea level rise – at least a little.The city is considering...
Dec 21 2020 // Dale Underwriting Partners and DUAL announced a new joint venture, Dale DUAL MGU Ltd. (DDML), in collaboration with Aviva with immediate effect. This partnership has been brought together by Howden Reinsurance Broking led...
Dec 21 2020 // AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a” of the property/casualty...
Dec 10 2020 // AM Best has downgraded the Financial Strength Rating to C+ (Marginal) from B- (Fair) and the Long-Term Issuer Credit Rating to “b-” from “bb-” of Echelon Property & Casualty Insurance Co....
Dec 1 2020 // Berkshire Hathaway Specialty Insurance (BHSI) announced it is expanding its capabilities in Europe to underwrite downstream energy property insurance and has named Tom Macfarlane to lead this business segment.“This...