All the headlines from our Property Topic Page, ordered by recency.
Jan 10 2020 // Pricing corrections in the property catastrophe reinsurance market over the last few years have been localized and mitigated to some extent by sufficient levels of capacity, according to Guy Carpenter in its January...
Jan 9 2020 // The rating agency responsible for assigning financial stability ratings (FSR) to more than 40 Florida domestic insurers has warned that several carriers will receive downgrades due to deteriorating conditions in the...
Jan 8 2020 // Texas’ insurer of last resort for wind and hail along the coast says new terms and conditions for policies with an effective date on or after January 1, 2020, are now in place.The updated coverages, terms, and...
Jan 6 2020 // Specialty insurer Chaucer announced the appointment of Chance Gilliland as head of U.S. Property Insurance, Mel Smart as head of International Property Facultative and Michael Johnston as deputy class underwriter,...
Dec 27 2019 // The fourth and final insured property loss estimate for the hailstorms that hit the greater Sydney region in December 2018 rose to A$798 million ($553.2 million), according to PERILS, the independent Zurich-based...
Dec 24 2019 // A Vietnam-based hacking group is learning from China’s playbook, using increasingly sophisticated cyber attacks to spy on competitors and help Vietnam catch up to global competitors, according to cyber-security...
Dec 24 2019 // Commercial property underwriters are adjusting to a market defined by rising catastrophe losses and dwindling profits. From increasing rates and higher deductibles to fewer classes of business and stricter underwriting,...
Dec 20 2019 // Atlanta, GA, December 20, 2019 — Blue River Underwriters, a Breckenridge Insurance Group company, announces the hiring of James D. Skelton, underwriter, to the specialty property program team based in Glen Allen,...
Dec 16 2019 // Buzzing chainsaws are interrupted by the frequent crash of breaking branches as crews fell towering trees and clear tangled brush in the densely forested Santa Cruz Mountains south of San Francisco.Their goal: To protect...
Dec 13 2019 // CoreLogic, a global property analytics provider, has integrated HOVER property measurement and 3D technology into the CoreLogic UnderwritingCenter platform for insurance clients. The integration of HOVER provides carriers...
Dec 4 2019 // Saudi Aramco is looking to buy insurance against war and terror attacks after a damaging drone and missile attack on some of its oil facilities in September, two sources told Reuters.Aramco, the world’s largest oil...
Dec 4 2019 // FedNat Holding Company (FNHC), an insurance holding company, has completed its acquisition of the homeowners insurance operations of 1347 Property Insurance Holdings, Inc. (PIH), consisting of Maison Insurance Co., Maison...
Dec 4 2019 // Swiss Re Corporate Solutions has launched ONE Form, a tool designed to create standardized master and local policies.The ONE Form wording enables the closest possible alignment of master and local policies, while...
Dec 3 2019 // Preferred Property Programs (PPP), a division of Jacobson, Goldfarb & Scott, Inc. (JGS Insurance), has released a national insurance product for community associations. In conjunction with AXA XL, a division of AXA,...
Dec 3 2019 // By the time Deb Dellapena arrived for work at Merck & Co.’s 90-acre campus north of Philadelphia, there was a handwritten sign on the door: The computers are down.It was worse than it seemed. Some employees who...
Dec 3 2019 // Just 31 years after it was founded in China’s southern city of Shenzhen, Ping An Insurance (Group) Co. has grown into the world’s second-largest insurer by market value after Berkshire Hathaway Inc.—more...
Nov 27 2019 // Cincinnati, Ohio-based Great American Insurance Group has promoted Roy Reynolds to divisional president and Garry Gordon to divisional senior vice president within its Property & Casualty Group, Mergers &...
Nov 26 2019 // Vermont is asking the Federal Emergency Management Agency to assess damage to private property from a storm beginning on Halloween to determine if the state qualifies for federal aid for homeowners and renters. The state...
Nov 22 2019 // Atlanta, GA, November 22, 2019 — The specialty property program team at Blue River Underwriters, a Breckenridge Insurance Group company, welcomed Jamey Schoenhard, underwriter, to the team and opened a new office in Glen...
Nov 18 2019 // Nearly a year after the deadliest and costliest wildfire in U.S. history, insurers and the customers they cover are revisiting how to reduce their collective exposure to this risk, according to the Insurance Information...