All the headlines from our Property Topic Page, ordered by recency.
Oct 2 2019 // Intact Financial Corp., the Toronto-based property and casualty insurer, announced it has completed the acquisition of On Side Developments Ltd., the parent company of On Side Restoration.With more than 1,200 employees and...
Sep 30 2019 // Direct written premiums in the U.S. excess and surplus (E&S) lines market during 2018 grew at its greatest rate since 2012, increasing 11% and representing the eighth consecutive year of premium growth, according to...
Sep 27 2019 // Not long ago, private flood insurance was thought to be an impossible dream in the property/casualty sector. There were numerous arguments supporting the common wisdom that a meaningful market for residential flood...
Sep 25 2019 // Frenchman’s Reef, the largest resort on St. Thomas, was smashed by Hurricane Irma, which breached roofs, caved in walls and felled trees across the oceanfront property. Two years later, the hotel remains closed as...
Sep 25 2019 // Insurance broker Next Wave Insurance Services and industry veteran Aaron DiCaprio have collaborated to launch Rent Rescue, a rent default insurance product for real estate investors and property managers.Rent default...
Sep 24 2019 // One of the biggest problems with the Federal Emergency Management Agency’s flood insurance program is that, nationwide, few property owners actually choose to buy into it. But that’s not the case in many...
Sep 24 2019 // Property/casualty insurer Travelers is now providing its insurance agents and brokers with before-and-after photos of areas affected by disasters.The Travelers Catastrophe Map Viewer provides access to searchable,...
Sep 20 2019 // When Louisiana voters go to the polls on Oct. 12, they will have a choice between two Republican opponents in the race for insurance commissioner: current commissioner, Jim Donelon, a former state legislator who has held...
Sep 16 2019 // VIBE Syndicate Management (VIBE), announced the closure of its Accident & Health and Property Direct & Facultative (D&F) business units with immediate effect.“As we continue our strategic review of the...
Sep 16 2019 // This article introduces a three-part series covering over a dozen largely legal and contractual principles, many of which are used by attorneys to resolve contract disputes. Most of them can also be used by agents and...
Sep 13 2019 // The commercial general liability line will be the next property/casualty line to harden, the chief executive of W.R. Berkley Corp. predicted at an industry conference.Speaking at the Keefe, Bruyette & Woods Insurance...
Sep 10 2019 // Extended development from North American hurricane losses and losses from non-peak perils like California wildfires have finally jolted reinsurers out of a soft reinsurance market, according to a report from reinsurance...
Sep 10 2019 // A judge has ruled that a racketeering lawsuit brought by a vineyard against a neighboring marijuana operation can go forward despite attempts to have it dismissed – a ruling that could increase the odds for vineyards and...
Sep 9 2019 // North Carolina’s Historic Preservation Office has set up an online forum so local governments and residents can report damage to historic properties caused by Hurricane Dorian. The office wants information about wind...
Sep 6 2019 // Arthur J. Gallagher & Co., the Rolling Meadows, Ill.-headquartered broker, announced the acquisition of three UK insurance intermediaries – Rentguard Ltd., Home & Travel Ltd. and RGA Underwriting Ltd. –...
Sep 5 2019 // insurance broker Marsh announced senior leadership appointments within its Property and Financial and Professional Liability (FINPRO) Practices.Michael Rouse has assumed leadership of Marsh’s U.S. Property Practice....
Sep 4 2019 // American International Group has appointed Duncan Ellis as head of Retail Property, North America General Insurance.The company said Ellis will lead General Insurance’s North American Retail Property business and...
Sep 4 2019 // Arkansas Insurance Commissioner Allen Kerr has approved five new insurance companies to operate in the state, bringing to 103 the number of new insurance companies approved since January 2015, according to the Arkansas...
Aug 30 2019 // Bruce Gendelman wanted a mountainside retreat when he bought 12 acres in Aspen, Colorado. But forest fires that have torched nearby land in recent years left him concerned.So Gendelman, who runs an insurance brokerage,...
Aug 30 2019 // For insurers and reinsurers, the 1995 Kobe earthquake produced $3 billion in insured property losses, but a repeat of a more devastating quake that happened 72 years earlier could bring $225 billion in industry losses.And...