All the headlines from our Property Topic Page, ordered by recency.
Apr 8 2020 // BMS Group (BMS), the independent specialist (re)insurance broker, has appointed Larry Broadnax as senior vice president, Property Facultative Leader, effective April 15. He will be based in Atlanta and report to Pete...
Apr 3 2020 // Like everyone else, Peter Lacovara is coping with COVID-19, working at home to limit contagion to the coronavirus and stay healthy. He’s also plugging away trying to keep businesses healthy, as well.In his role as a...
Apr 3 2020 // The long-awaited Demotech rating decisions for Florida domestic carriers are in, with many carriers having satisfied necessary steps to avoid ratings downgrades by the financial analysis firm.After affirming a slew of...
Apr 2 2020 // Horace Mann Educators Corp. has appointed Senior Vice President and Chief Corporate Actuary Mark Desrochers as head of the company’s property/casualty insurance business on an acting basis.Desrochers will take over...
Mar 30 2020 // CAC Specialty has named Robert Trinkleback leader of property/casualty loss control, and Jonathan Goodier vice president and property/casualty claims advocate in Denver, Colo. Trinkleback will help clients improve...
Mar 27 2020 // Demotech has affirmed 37 of the 46 Florida-based companies rated by the actuarial firm, as of March 26, according to information gathered from Demotech’s website. That leaves fewer than 10 Florida insurers that are...
Mar 27 2020 // A well-known California restaurateur has filed a lawsuit against a unit of The Hartford, seeking a declaration that the owner’s commercial insurance policy covers losses caused by a statewide business shutdown...
Mar 26 2020 // Silence may be deadly for property/casualty insurers writing commercial insurance, an executive of an insurtech that specializes in analyzing insurance policy language suggested recently, explaining that without specific...
Mar 25 2020 // Although the Virtual University has not received questions regarding how the commercial general liability (CGL) policy will respond to the coronavirus (COVID-19), the CGL’s response must still be understood. Various...
Mar 25 2020 // As insurers continue to monitor the spread and impact of COVID-19, insurance regulators across the East region of the U.S. are issuing guidance on how the industry can respond.“There is almost no aspect of the...
Mar 24 2020 // Over the past two weeks, the VU has received countless questions concerning COVID-19 (the coronavirus) and the business income policy. As authorities require businesses to limit activities or shut down completely, the fear...
Mar 24 2020 // On March 16, a lawsuit was filed in district court in New Orleans seeking a declaratory judgment about whether the business income coverage in a Lloyd’s property policy would cover a government-mandated shutdown or...
Mar 23 2020 // Lighthouse Property Insurance Corp. has hired David Howard as president, pending regulatory approvals.Howard will serve as president for Lighthouse and Lighthouse Excalibur Insurance Co., a wholly owned subsidiary. The...
Mar 23 2020 // Remote Work Not Much Help for Assembly LinesProperty/casualty insurance professionals are trying to provide advice and empathy to their manufacturing clients coping with the effects of the spread of the coronavirus. But...
Mar 20 2020 // San Diego, CA, March 19, 2020 – FTP of California, LLC, announced today a new property program with high limits and extreme flexibility in risk coverage. The exclusive program is backed by A.M. Best ‘A’ rated...
Mar 19 2020 // A restaurant in the heart of the New Orleans tourism district filed a lawsuit on Monday asking a state judge for a declaratory judgment that its business-interruption policy will cover its damages if it is ordered to close...
Mar 16 2020 // Lighthouse Property Insurance Corp. plans to acquire its sister carrier, Prepared Insurance Company (Prepared), from Prepared Holdings Group.Lighthouse is a Louisiana-domiciled property and casualty insurance carrier...
Mar 12 2020 // London-based EC3 Brokers has launched a U.S. property wholesale division based in London, with the appointments of Matthew Jeffery as managing director and David and Daniel Jeffery as divisional directors. The brothers,...
Mar 10 2020 // AM Best has downgraded the Financial Strength Rating (FSR) to B- (Fair) from B (Fair) and the Long-Term ICR to “bb-” from “bb” of Echelon Property & Casualty Insurance Co., based in Chicago.AM...
Mar 9 2020 // U.S. homeowner insurers are doing a better job than ever making their customers happy when responding to claims, according to J.D. Power. Results of the firm’s Property Claims Satisfaction Study show that overall...