All the headlines from our Property Topic Page, ordered by recency.
Sep 29 2020 // Guy Carpenter & Co., the reinsurance brokerage business of Marsh & McLennan Cos., announced the appointment of Paul Miller to lead Guy Carpenter’s Property Catastrophe value proposition for UK, Global...
Sep 29 2020 // Evan Glassman saw a gap in the property insurance market—literally.Glassman, working as a retail producer in south Florida for most of his career, realized that the insurance industry’s products were not fully...
Sep 25 2020 // The latest group of reinsurers to emerge in the Bermuda market is starting to look different. Even the name that once described the cohort has changed in the past five years.And at least one member of the group of...
Sep 23 2020 // Insured losses from Hurricane Sally could reach as much as $3 billion, according to catastrophe modelers, but ratings agency Moody’s expects a moderate impact on property & casualty insurers and...
Sep 22 2020 // The blue SUV had been parked in front of the Omaha Bike Project near 33rd and California Streets, with its windows down, for more than three months.After multiple calls to the Mayor’s Hotline failed to yield results,...
Sep 21 2020 // Today’s Agency Partnerships are numerous and offer value and benefits to their members, including independence, growth opportunities, access to markets, profit sharing, perpetuation planning, relationships,...
Sep 21 2020 // Some commercial property owners whose businesses were torched by rioters are learning that they don’t have enough insurance to clear away the debris.Many property owners in the Minneapolis-St. Paul area purchased...
Sep 18 2020 // This “Is It Covered?” column will examine two real-life claims from the Dakotas involving frozen pipes – one personal lines and the other commercial lines. Both are good examples of how policy language...
Sep 18 2020 // This post is part of a series sponsored by CoreLogic.Though the COVID-19 pandemic is occupying most of our attention at the moment, hurricane season has begun and natural catastrophes never take a holiday. Forecasts for...
Sep 17 2020 // Dozens of wildfires raging in California, Oregon, Washington and other Western states have resulted in loss of life, damaged or destroyed about 9,657 homes and commercial structures and burned more than 5 million acres,...
Sep 16 2020 // The Hanover Insurance Group, Inc. has launched a suite of coverages designed to protect homeowners who generate income through home-based businesses or short-term rentals of their properties.The Hanover’s new...
Sep 9 2020 // Another federal court has dismissed a COVID-19 business interruption lawsuit, finding that a closure order does not constitute a covered “direct physical loss” and that the policy excluded damages caused by...
Sep 8 2020 // One claim dispute I was involved with I refer to in seminars as “The Unimpeachable Case of What ‘Are’ Is.” It illustrates how a single word, even the tense of a verb, in a policy form can make all...
Sep 8 2020 // London Underwriters has released a beta version of its new online platform, Bunch, in the state of Texas.London Underwriters, which has administrated its own proprietary Lloyd’s of London commercial property program...
Sep 7 2020 // I love quotations. I’ve collected them for almost 50 years. Over 20 years ago, I published my first book which was a collection of 1,500 of my favorite quotations, all indexed and cross-referenced, with an...
Sep 7 2020 // U.S. property/casualty insurance underwriting income dropped 5.5% in the first half of 2020 versus the same period last year. Higher underwriting expenses and policyholder dividends largely connected to COVID-19 costs are...
Sep 7 2020 // Rulings in two lawsuits originating in Texas over business income losses related to the COVID-19 pandemic were handed down in August in favor of insurance firms.In one, an insurance agency was added to a restaurant...
Sep 7 2020 // For 22 years, the Florida Association of Insurance Agents has been led by Jeff Grady, president and chief executive officer, who admits that when he started all those years ago he did not expect to “fall in love with...
Sep 4 2020 // Some commercial property owners whose businesses were torched by rioters are learning that they don’t have enough insurance to clear away the debris.The StarTribune newspaper reported that many property owners in the...
Sep 2 2020 // Damage to city-owned property from violence that erupted over the police shooting of Jacob Blake in Kenosha is estimated at nearly $2 million so far, a city official said.The city’s public works director, Shelly...