Latest Property Headlines

All the headlines from our Property Topic Page, ordered by recency.

Mississippi Lawmakers Consider Bill Limiting Liability of Property Owners

Feb 12 2019 // Mississippi senators are advancing a bill that would limit people’s ability to sue property owners for injuries or other problems.Senate Bill 2901 passed Thursday by a 32-17 vote. It was held for the possibility of...

New Beazley Environmental Liability Coverage Targets Banks, Lenders

Feb 11 2019 // Specialist insurer Beazley has launched site lender environmental asset protection (SLEAP) cover to protect banks and other lenders from pollution risks that could seriously impair the value of property used as collateral...

What do you mean, I have to cover YOUR property?

Feb 6 2019 // The Academy Journal is pleased to present the following article by our friend, Craig Andrews.As questions come to me from property-casualty practitioners all over the country, one situation in particular seems to popping...

People

Feb 4 2019 // AmTrust Financial Services announced leadership changes as it moves forward as a private company. Its $2.95 billion privatization plan was finalized on November 28, 2018 after receipt of all approvals. AmTrust announced...

What It Takes to Successfully Resolve Insurance Coverage and Claims Disputes

Feb 4 2019 // While Understanding Why Some Claims Are DeniedIn the first column of this series, I provided an overview of what it takes to successfully resolve coverage and claims disputes without litigation. In the coming months, we...

Breckenridge Insurance Services To Hold Investor Property Insurance Webinar for Agents

Feb 1 2019 // Atlanta, GA, February 1, 2019 — Breckenridge Insurance Services will hold a webinar for agents who are working with insureds that have real estate investment portfolios such as property investors, property managers and...

How Forensic Meteorologists are Assisting with Florida First-Party Property Cases

Jan 30 2019 // Every day the impact technology has on our daily lives increases. The legal profession is not immune to the inundation of technological advances. A prime example of the collision of law and technology is how forensic...

Prime Property & Casualty Insurance Enters Kentucky Commercial Auto Market

Jan 29 2019 // Prime Property & Casualty Insurance Inc. (PPCI) has entered the Kentucky commercial auto market as an admitted carrier specializing in insurance products for distressed and substandard risks. PPCI offers the capacity...

Private Flood Insurers Not Yet Ready to Fill Massive U.S. Protection Gap

Jan 24 2019 // The flood insurance protection gap in the United States is massive, but the take-up rate of private flood insurance continues to be low. The relative inability of private insurers to penetrate the flood insurance market...

Flood Coverage, TWIA, Workers’ Comp Relativities Among TDI Concerns in Legislative Report

Jan 21 2019 // In its 2018 Biennial Report to the Legislature dated Dec. 14, 2018, the Texas Department of Insurance made several recommendations to state lawmakers regarding issues the agency believes are worth looking at in the...

BHSI Expands into UK-Ireland Property Construction, Taps Scor’s Seamer to Lead Team

Jan 18 2019 // Berkshire Hathaway Specialty Insurance (BHSI) announced it is expanding into the property construction insurance market in the UK and Ireland and has appointed Simeon Seamer to lead the effort as head of Property...

Suit Targets Shell Over Oilfield Contamination in Louisiana’s Spanish Lake Basin

Jan 14 2019 // Wetland ecologist Scott Nesbit drove down a gravel oil field road in Louisiana in an all-terrain utility vehicle, zipping under a heavy forest canopy toward what he says is the source of it all.Nesbit’s target was a...

Brightway Goes ‘All In’ on Independent Agents, Unveils No-Cost Path to Agency Ownership

Jan 10 2019 // On the heels of celebrating its 10-year anniversary, Jacksonville, Fla.-based Brightway Insurance, a national property/casualty insurance retailer selling through a network of franchised independent agencies, has unveiled...

AXA XL Uses AI to Speed Up Property Engineering Risk Analysis, Underwriting

Jan 10 2019 // AXA XL Risk Consulting announced it is using artificial intelligence (AI) to enhance its property risk engineering capabilities.AXA XL Risk Consulting is working with Expert System, an Italian developer of cognitive...

Texas Insurance Department Recommends Flood Disclosure on Property Policies

Jan 9 2019 // In its 2018 Biennial Report, the Texas Department of Insurance made several recommendations to the legislature regarding issues the agency believes are worth looking at by lawmakers in the 2019 legislative session.One, at...

Seeman Holtz P&C Acquires Houston’s Premier Medical Practice Group

Jan 8 2019 // Seeman Holtz Property & Casualty LLC has acquired Professional Medical Insurance Services (PMIS), headquartered in Houston, with seven other offices across the country.This PMIS medical and malpractice group will...

2018 Agents of the Year

Jan 7 2019 // Paramount Exclusive Insurance Services Inc. | Encino, CaliforniaJacob Barzivand started working as an insurance producer right after college at the age of 20. Now, at just 26, he’s built a sizable book of business in...

How Property/Casualty Insurance Is Becoming Less Valuable

Jan 7 2019 // I wrote about this some months ago and received many interesting comments. I decided to follow up on the same subject because it is so important.Value is a relative term often specific to a given asset. For example, if the...

Indiana’s Worley Claims Services Buys Dallas’ Replacement Source of America

Jan 3 2019 // Fishers, Indiana-based insurance claims services provider, Worley Claims Services LLC (Worley) has acquired Replacement Source of America Inc. (ReSource), headquartered in Dallas.ReSource is a contents services company...

Florida Regulator Calls on Insurers to Handle Hurricane Michael Claims

Dec 31 2018 // Florida Insurance Commissioner David Altmaier is urging Florida insurers to close the more than 42,000 Hurricane Michael claims that remain open nearly three months after the storm.In a Dec. 19 memorandum to all property...