All the headlines from our Property Topic Page, ordered by recency.
Aug 12 2020 // This summer marks three years since the NotPetya malware attack, which has been called the most devastating cyber attack in history. While cyber experts say cybersecurity and prevention strategies have since evolved in...
Aug 11 2020 // The stage has been set for a major battle over a California bill due to be heard in the next few weeks in a key committee that opponents say is a direct attack on insurance consumer protections and proponents say is the...
Aug 10 2020 // Global average commercial insurance prices increased 19% in the second quarter of 2020, the eleventh straight quarter they have risen.Average price increases were driven principally by increases in property insurance rates...
Aug 10 2020 // Berkshire Hathaway Inc. had a tough second quarter with the pandemic taking a toll on most of its operating businesses including Precision Castparts aircraft parts, the BNSF railroad, Occidental Petroleum Corp., Kraft...
Aug 10 2020 // Gridiron Insurance Underwriters, Inc., a program manager specializing in program business on a regional and national basis through select retail and wholesale producers, has hired Ben Murphy as its new head of...
Aug 10 2020 // “Black Lives Matter to me and they matter to us as an organization,” Progressive Corp. CEO Tricia Griffith wrote in a letter to shareholders.In the letter that was mostly commentary on second quarter results,...
Aug 10 2020 // Insurance for a condominium association is designed to finance the insurable exposures for the association. These exposures include the property and several liability exposures, including what would be covered by a...
Aug 7 2020 // The insurance industry has notched another victory in its defense of its commercial insurance policies against claims for business interruption due to the coronavirus.In a case brought by the owner of several restaurants...
Aug 6 2020 // AIG President and Chief Operating Officer Peter Zaffino said that the insurer has seen accelerated rate improvements and other gains as clients react to the ongoing COVID-19 pandemic.“We believe that COVID has...
Aug 5 2020 // Insurer American International Group Inc. racked up $730 million in COVID-19-related losses during the first half of the year, its chief executive officer said on Tuesday.The pandemic is a “formidable and ongoing...
Aug 4 2020 // The Reinsurance Solutions business of Aon plc has appointed Catherine Turner as head of UK Property, and co-leader with Richard Evans of its UK & Ireland and Specialty Casualty business.Turner will report to Peter...
Aug 3 2020 // Berkshire Hathaway Specialty Insurance (BHSI) announced that it has appointed Kapil Palathinkal as head of First Party Lines, Middle East, and Carlos Beltran as head of First Party Lines, Asia, overseeing General Property,...
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...
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...
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...
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...
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...
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...
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...
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...