All the headlines from our Property Topic Page, ordered by recency.
Nov 30 2020 // American Family Insurance has chosen home renovation duo Drew and Jonathan Scott, the twin stars of HGTV’s “Property Brothers,” as the company’s newest brand ambassadors.The Scott brothers and...
Nov 20 2020 // Insurance broker Aon has launched the Quality of Intellectual Property (QoIP) Solution that is designed to help companies receive higher transaction value by specifically articulating the quality of the seller’s IP...
Nov 17 2020 // The Texas Department of Insurance has issued a call to insurers licensed to write property/casualty insurance in Texas, including surplus lines and farm mutual insurers for the collection of data about a 2019 storm in...
Nov 17 2020 // Chicago, IL, November 13, 2020 – Prime Property & Casualty Insurance Inc. (“PPCI”) successfully resolved a trucking case that went to jury trial in Florida resulting in a jury verdict of just under...
Nov 16 2020 // Affiliating with The Institutes provides an opportunity for the industry’s Insurance Information Institute (III) to become more of a 21st Century trade association, rather than one suited for the 1950s, according to...
Nov 16 2020 // Assisted living facilities provide a necessary service to our aging population, but operating them comes with risks. When you consider that they are designed to provide care for our loved ones in ways that many of us are...
Nov 16 2020 // The U.S. property/casualty industry saw 13 new insurance company impairments in 2019, two more than in 2018, involving entities operating in a mix of lines of business and a variety of states, according to a new AM Best...
Nov 12 2020 // While the COVID-19 pandemic has slowed business activity around the globe, for underwriters in the Lloyd’s market who were in the process of increasing property insurance rates when the pandemic hit, the timing may...
Nov 10 2020 // Hamilton Insurance Group announced three promotions in the leadership team at its Lloyd’s operations following the resignations of Hamilton Managing Agency Limited CEO Tim Glover and Chief Underwriting Officer David...
Nov 9 2020 // Louisiana Citizens Property Insurance Corp. (Citizens), the state’s insurer of last resort, will take only a $35 million financial hit from the 2020 hurricane season because of its reinsurance program, according to...
Nov 2 2020 // American International Group’s plan to downsize by divesting its Life & Retirement (L&R) business is drawing cautious and wary reactions from rating agencies that follow the property/casualty insurance...
Oct 30 2020 // Integrated Specialty Coverages (ISC), a program administrator developing insurance products utilizing artificial intelligence (AI) technology and analytics, has launched its Investor Property Program designed to address...
Oct 30 2020 // Lloyd’s of London lost its initial bid to squelch a coronavirus business interruption lawsuit brought by a Philadelphia bar and restaurant.Judge Gary S. Glazer of the Court of Common Pleas in Philadelphia turned...
Oct 30 2020 // The Florida Office of Insurance Regulation is monitoring the state’s property insurance situation that is seen as in a crisis by those in the industry.The regulator said the insurance market has been buffeted by...
Oct 29 2020 // After years of warnings that the Florida property insurance market was heading towards an availability crisis, many in the industry say the moment of reckoning has arrived. They blame unchecked claims litigation from...
Oct 29 2020 // San Francisco, Calif.-based Woodruff Sawyer has named Mark McEvoy its property practice leader. McEvoy is based in San Francisco and will lead the practice nationally. McEvoy has more than 13 years of experience in both...
Oct 27 2020 // CFC has launched a new product designed to address intellectual property (IP) infringement risks facing buyers undertaking a merger or acquisition. The product offers protection to buyers for IP infringement risks...
Oct 26 2020 // American International Group has disclosed significant leadership changes as well as plans to separate its Life & Retirement business into an independent company.Peter Zaffino, currently AIG’s president and chief...
Oct 23 2020 // Effective November 1, 2020, Insurance Services Office (ISO) is introducing 19 new endorsements for its business auto program. Many of these changes are the result of requests from IIABA’s Technical Affairs...
Oct 23 2020 // A judge in Durham County, North Carolina has handed down what may be the nation’s first dispositive ruling in favor of policyholders in a COVID-19 business-interruption lawsuit.Superior Court Judge Orlando F. Hudson...