All the headlines from our Property Topic Page, ordered by recency.
Aug 28 2019 // Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has promoted Nicholas Garside to the role of head of Bermuda Property. Reporting to Steve Horton, president, Liberty Specialty Markets Bermuda,...
Aug 27 2019 // The Board of Directors of FedNat Holding Company, an insurance holding company, has selected David Michelson and David Patterson as candidates to serve on the board as new, independent directors.As soon as their...
Aug 19 2019 // Arch Insurance North America has agreed to acquire Ventus Risk Management, a technology and analytics-driven managing general underwriter that specializes in providing coastal commercial property insurance solutions to...
Aug 19 2019 // Intellectual property (IP) is an area of risk that is underinsured and one that presents interesting opportunities for agents and brokers, according to Erik Alsegard, Intellectual Property practice leader for CFC...
Aug 19 2019 // What exactly is a high net worth client, also known as a “private client?”According to Investopedia.com, a high net worth individual is an individual or family with liquid assets above a certain figure. Many...
Aug 16 2019 // AXA XL has added Jennifer Arezes to its property insurance team in Canada. Arezes is based in Toronto and will work alongside Ian Rutherford, head of Property, Canada and Urs Uhlmann, CEO and country manager AXA XL, Canada...
Aug 12 2019 // The property insurance market loss from the Australia’s Townsville floods, which affected northern Queensland, Australia, between Jan. 26 and Feb. 10, 2019, has risen to A$1.22 billion (US$827.1 million), according...
Aug 12 2019 // Sompo International Holdings Ltd., a Bermuda-based specialty provider of property and casualty insurance and reinsurance, has formed a new Sompo Global Risk Solutions (GRS) team offering insurance products to smaller...
Aug 9 2019 // Greenlight Re Innovations (GRI), a subsidiary of Greenlight Capital Re Ltd., announced it has made a strategic investment in Handdii Pty Ltd., a property insurance claims fulfillment platform.Melbourne, Australia-based...
Aug 7 2019 // Munich Re has launched a new suite of hurricane response tools designed to help insurance companies assess widespread property damage after a hurricane and improve their customers’ claims experience.Developed by...
Aug 7 2019 // Atlanta, GA, August 7, 2019 — Stephen Manahan has joined the Specialty Property Program team of Blue River Underwriters, part of Breckenridge Insurance Group, as vice president, underwriting. Manahan brings more than 25...
Aug 6 2019 // Chubb announced the appointment of Eric Kwan as division head of Property & Casualty for Singapore, effective Aug.5, 2019.He reports to Scott Simpson, Chubb’s country president for Singapore. In Kwan’s new...
Aug 5 2019 // Step 2 of the claim resolution process involves interpreting policy provisions that are cited as the basis for a claim denial. This step (and Step 3) employs up to 12 interpretive doctrines and 17 largely legal and...
Aug 5 2019 // An interesting question came in to the Academy of Insurance recently, edited below for space and to avoid disclosing any identifiable details.“I live in a condo building. A sewage pipe burst, causing damage to my...
Jul 18 2019 // When Californian counties and cities first sued paint makers in 2000, they wanted the companies to pay billions to remove dangerous old lead paint from hundreds of thousands of homes.After a 19-year legal struggle, they...
Jul 17 2019 // It is an insurtech startup operating an artificial intelligence-powered platform that aims to transform commercial insurance underwriting. While the goal may seem ambitious, Cytora is making significant inroads toward...
Jul 10 2019 // When a customer buys an insurance policy, one of the often unanswered (and unasked) questions is “where does this policy apply?” You may not think it’s a big deal. But what if you just wrote a CGL policy...
Jul 9 2019 // FTP Inc. has named Lee Glaser to establish FTP of California LLC, based in San Diego. Glaser will focus on developing the producer base and adding additional underwriters and programs for FTP of California. He has a...
Jul 1 2019 // Munich Re had teamed up with a unit of the National Insurance Crime Bureau to offer insurance carriers an analytics tool that can quickly assess property damage after natural catastrophes and speed up claims payments.Roman...
Jul 1 2019 // InsuraGuest, Inc. has partnered with Venture Insurance Programs to provide U.S. hotels with specialized insurance coverage for guests who are staying in the hotel utilizing InsuraGuest’s insurtech...