All the headlines from our Property Topic Page, ordered by recency.
Feb 12 2020 // Global average commercial insurance prices increased 11% in the fourth quarter of 2019, according to the Global Insurance Market Index released by insurance broker Marsh.The fourth quarter rise in prices was the largest...
Feb 11 2020 // PERILS, the independent Zurich-based organization that provides industry-wide catastrophe insurance data, has disclosed its fourth and final property loss estimate for the flood event which hit northern Queensland,...
Feb 11 2020 // Sompo Global Risk Solutions has introduced Sompo Life Science Plus, a products-completed operations and errors and omission liability protection product built for the life sciences industry.The new product offers coverage...
Feb 11 2020 // Although the 2019 hurricane season did not have a significant impact on Florida, loss creep from prior storms continues to weigh on reinsurers, leading to a likely rise in rates for the upcoming June renewal period. As...
Feb 10 2020 // Allstate first disclosed its Transformative Growth Plan in December, an effort to overhaul how it does business, boost efficiency and reduce expenses. During the Illinois-based property/casualty insurer’s Q4 2019...
Feb 10 2020 // The task of insuring nonprofit organizations is a complex one and agents, brokers, underwriters and carrier representatives say that in order to fully serve those entities that serve our communities in myriad ways,...
Feb 10 2020 // Pamela Davis, president, founder and CEO for the Nonprofits Insurance Alliance (NIA), is on a mission to help nonprofits be successful at their mission by ensuring insurance is affordable and available.She started the...
Feb 10 2020 // As we embark upon a new decade, the surplus lines insurance market has never been stronger. Growth in specialty products and demand for insurance protection in an increasingly dynamic, technological climate necessitates a...
Feb 3 2020 // Cincinnati, Ohio-based Great American Insurance Group has promoted Carol Sipe to senior vice president within its Property/Casualty Group.Since 2009, Sipe has served as president of Summit, a provider of workers’...
Jan 28 2020 // Swiss Re Corporate Solutions has appointed Bianca Willauer as head Property & Specialty Lines, Europe, Middle East and Africa (EMEA), effective Feb. 1, 2020.In this role, Willauer will be responsible for the...
Jan 27 2020 // Last year, I wrote a 12-part series of Insurance Journal columns based on my book “When Words Collide: Resolving Insurance Coverage and Claims Disputes” where I shared the principles and practices I’ve...
Jan 27 2020 // The new year brought some changes to residential and commercial policies provided by Texas’ insurer of last resort for wind and hail along the coast.New coverages, terms and conditions now apply to Texas Windstorm...
Jan 27 2020 // Florida lawmakers are considering a number of insurance-focused issues over the course of the 60-day 2020 Legislative Session that started Jan. 14. At the top of the list for industry and consumer advocates are reforms to...
Jan 22 2020 // A California man is being charged with attempting to defraud his insurer of $43,000 while his $1 million property claim from one of the massive wildfires that struck the state in 2018 appears to be legitimate.Stephen...
Jan 17 2020 // Liberty Insurance, the Irish subsidiary of Liberty Mutual Insurance Group, is exiting its commercial liability, commercial property and development bonds lines of business.Liberty will continue to provide services and...
Jan 16 2020 // The Florida insurance industry will be focused on several key issues this session, including reform for auto glass (windshield) assignment of benefits (AOB) abuse, reforms to the state’s legal system, as well as...
Jan 16 2020 // The Florida Legislature started its 2020 legislative session this week and lawmakers are set to consider a number of insurance-focused issues over the course of the 60-day period. At the top of the list for industry and...
Jan 15 2020 // Two Florida-based homeowners insurers, Anchor Property & Casualty and Anchor Specialty Insurance, have succumbed to market pressures in the state and will be acquired by other companies.Tampa, Fla.-based HCI Group has...
Jan 15 2020 // Building valuation can be confusing at best.If you go to a real estate website like Zillow, it’ll give you an estimated market value for a building. It’s doubtful that anyone really knows how they come up with...
Jan 14 2020 // Southern Insurance Underwriters, Inc. (SIU) has added Jose Perez to the Commercial Property and Casualty underwriting team. Perez comes to SIU with more than 20 years of experience in the insurance industry and a penchant...