Latest Property Headlines

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

USG Insurance Services Hires Florida-Based Morgan

Jul 31 2020 // USG Insurance Services, Inc., a national wholesaler and MGA, has hired Mark Morgan as producer/broker: Property, in Tampa, Fla.Morgan has 19 years of industry experience, most recently serving as director of New Business...

Celebrating Insurers Warned Michigan COVID Ruling Not Knockout Punch They Wanted

Jul 29 2020 // A recent ruling from a Michigan judge that business interruption claims payouts require tangible alteration to a property may have sounded like a knockout win for the insurance industry but a legal expert has a slightly...

Everest Insurance Hires DeBlasi to Retail Property Group in New York

Jul 21 2020 // Everest Insurance has hired Dean DeBlasi to its Retail Property group as vice president and East region manager.In this role, he will be responsible for overseeing the retail property portfolio and developing and...

Michigan Restaurants’ COVID-19 Business Interruption Claim Rejected by State Judge

Jul 20 2020 // A trial court judge in Lansing, Michigan, handed a victory to insurers in what may be the nation’s first final ruling on the question of whether a property insurer is liable for financial damages caused by a...

Suspension of Florida Lawyer Accused of Causing ‘Great Public Harm’ Justified: Judge

Jul 16 2020 // A Florida judge has recommended the Florida Supreme Court deny the motion to dissolve the suspension of a Florida attorney who, with his firm, has filed thousands of assignment of benefit and first party lawsuits against...

P/C Insurance Survey: 55% Back Worker Presumption; 54% See Interrupt Cases Failing

Jul 13 2020 // A slight majority (54%) of property /casualty insurance industry professionals think insurers will succeed in defeating legal and political attempts to force them to pay business interruption claims from the coronavirus...

Allstar Underwriters Expands Vacation Rental Insurance Program to Arkansas

Jul 10 2020 // Atlanta-based Allstar Underwriters has expanded its existing vacation rental insurance program into the state of Arkansas.The program has been offered in Tennessee since 2015, according to Laura Richardson, Allstar...

Best: Reinsurance Pricing, Pandemic Add to Woes for Florida Property Insurers

Jul 9 2020 // The numerous issues in Florida’s property insurance market, including higher reinsurance pricing and social inflation, continue to challenge the financial strength of Florida personal property writers and impact...

Minnesota Issues Riot Claims Data Call to Property/Casualty Insurers

Jul 8 2020 // Minnesota’s insurance regulators issued a data call in late June, requesting information from property/casualty insurers in the state about claims filed in the wake of the riots/civil commotion following the killing...

Losses From Civil Protests May Cause Insurers to Rethink Property Coverage

Jul 8 2020 // The civil disturbance that started in Minneapolis after the killing by police of George Floyd spread to 20 other states, leading to an unprecedented property insurance catastrophe. The experience will likely impact policy...

State Judge Rejects Michigan Restaurants’ COVID-19 Business Interruption Claim

Jul 7 2020 // A trial court judge in Lansing, Michigan handed a victory to insurers in what may be the nation’s first final ruling on the question of whether a property insurer is liable for financial damages caused by a...

101 Ways Coronavirus Crisis Has Changed P/C Insurance Pros’ View of Their Job. Or Not.

Jul 7 2020 // Has the coronavirus experience changed how property/casualty insurance professionals view their jobs?Yes and no. The biggest change is that many in the industry learned they can do their job from home, and most, although...

Canopius Launches Cyber Property Product to Address Silent Cyber Gap

Jul 6 2020 // Canopius, the London-based specialty re/insurer, announced the launch of a set of cyber property products for medium-to-large corporations across all sectors across the globe.In light of the ever-evolving cyber threat, the...

Customer Reassurance Part of Job for Minnesota Agent in Aftermath of Riots

Jul 6 2020 // Dan Gutlovics did a lot of virtual hand holding during the first days of the violent protests in Minneapolis and St. Paul following the death of George Floyd while in the custody of Minneapolis police on May 25.Gutlovics,...

2020 Super Regional P/C Insurers

Jul 6 2020 // Demotech Inc. Reveals Leading Multi-State Property/Casualty Insurers In order to continue the discussion regarding what constitutes a Super Regional P/C Insurer™ and to give definition to this important group of...

Whether Public or Private, Flood Insurance Is a Must, Experts Say

Jul 6 2020 // Tropical Storm Imelda hit the Texas Gulf Coast on Sept. 17, 2019, as a fairly low-level tropical storm but that doesn’t mean it was an inexpensive one in terms of property damage, especially with regard to...

Insurer Group Warns About California Bill Mandating Business Interruption Coverage

Jul 2 2020 // The American Property Casualty Insurance Association is opposing legislation that would create a rebuttable presumption that the COVID-19 virus caused property damage triggering business interruption coverage in commercial...

Exclusive Coronavirus Survey: P/C Insurance Return to ‘Normal’ Office May Take Time

Jul 1 2020 // Many property/casualty insurance professionals, most of whom have been working at home during the pandemic, may need some convincing not only to return to an office anytime soon but also to engage in typical business...

Critical Values in a Property’s Lifecycle

Jun 29 2020 // This post is part of a series sponsored by CoreLogic.Accurate valuation is critical to the primary functions of the real estate economy. From the listing of a property all the way through acquiring insurance, there are 3...

Exclusive: How P/C Insurance Pros Are Faring Working From Home During Pandemic

Jun 25 2020 // According to Dorothy in the Wizard of Oz, there’s no place like home.For many in the property/casualty insurance industry, home is where their job has been during the pandemic. While millions of people in other...