All the headlines from our Property Topic Page, ordered by recency.
Jul 1 2019 // AXA XL’s Environmental business in North America has added supplemental coverage to its Pollution and Remediation Legal Liability policy.The policy is designed to provide protection to owners, operators and...
Jul 1 2019 // American International Group said Kathleen Zortman will join the company as president and CEO of Private Client Group, General Insurance. In this new role, Zortman will lead AIG’s global high net worth portfolio,...
Jul 1 2019 // In order to continue the discussion regarding what constitutes a Super Regional P/C Insurer™ and to give definition to this important group of insurers, Demotech Inc. analyzed year-end 2018 data for property/casualty...
Jun 28 2019 // JBA Risk Management and FloodFlash have formed a partnership to provide event-based flood insurance, which uses parametric triggers for property exposures.The product is an industry first and will provide bespoke insurance...
Jun 24 2019 // Universal Insurance Holdings Inc. subsidiary, Universal Property & Casualty Insurance Co. (Universal Property), has received a Certificate of Authority in to operate as a licensed insurance entity in...
Jun 21 2019 // A Maine proposal to more swiftly compensate victims of property crimes has passed a key test in the Senate. The Senate signed off Tuesday on a proposal to create a compensation fund for victims of the crimes. The sponsor,...
Jun 21 2019 // The North Carolina Department of Insurance announced multiple fraud enforcement actions during the month of May 2019.Insurance fraud costs American consumers approximately $80 billion a year. According to North Carolina...
Jun 20 2019 // The Texas Department of Insurance (TDI) has issued special data call to companies that wrote direct commercial property or businessowners insurance in Texas and to certain farm mutual insurance companies that wrote...
Jun 20 2019 // Insured losses for the hailstorms, which hit the greater Sydney region on Dec. 20, 2018, have risen to A$766 million (US$526.6 million), according to PERILS, in its third loss estimate for the storms.PERILS, the...
Jun 18 2019 // While there are “huge opportunities” on the horizon for the cyber insurance industry, cyber insurance underwriters still face the challenge of not having enough historical data to work with.“It’s...
Jun 17 2019 // The long-term viability of the U.S. property terrorism insurance market is back in the spotlight as Congress looks at renewing the federal reinsurance backstop, the Terrorism Risk Insurance Program Reauthorization Act...
Jun 14 2019 // In a major research undertaking, a group of scientists and a technology nonprofit technology organization have set a mission to calculate the past, current and future flood risk of every property in America.While...
Jun 6 2019 // Prime Property & Casualty Insurance Inc. (PPCI) has entered the Kansas commercial auto insurance market as an admitted carrier specializing in distressed and substandard risks.With PPCI, producers now have an insurance...
Jun 5 2019 // Got a really interesting question this week. The essence of it is that the agent has a customer with a homeowners’ policy. The company is planning to renew coverage with the house on Actual Cash Value (ACV), rather...
May 30 2019 // AM Best has assigned a Financial Strength Rating of B++ (Good) and a Long-Term Issuer Credit Rating of “bbb+” to Centerline Property and Casualty Insurance Co., headquartered in Knoxville, Tenn. The outlook...
May 29 2019 // Global tax software provider Sovos is acquiring Iowa-based Eagle Technology Management (ETM), which provides statutory financial reporting and insurance premium tax software to insurers, and unclaimed property reporting...
May 29 2019 // Insurance policies are hard to read, and I don’t think that they necessarily need to be so.Some would say that we need to keep policy language intact because the language that is used in many policies has come...
May 28 2019 // The Chinese government is taking a major step in its efforts to sell a strategic stake in Anbang Insurance Group Co., the acquisitive insurer it took over last year amid a fraud investigation into its former chairman.Under...
May 24 2019 // Prominent upstate New York landlord Robert Morgan is charged in a 114-count federal indictment with defrauding banks and insurance companies out of millions of dollars by inflating property values and insurance claims...
May 23 2019 // AXA XL, a division of AXA, has named Raymond Chiusano to lead its North America Property Insurance team’s Northeast region, based in New York.Chiusano is assuming the role currently held by Joseph Moylan, who...