All the headlines from our Property Topic Page, ordered by recency.
Nov 6 2018 // Lego A/S has won a new intellectual property lawsuit in China after a court agreed with the Danish toy manufacturer that local companies had copied its building blocks and miniature figures under the LEPIN brand.The...
Nov 5 2018 // The Ohio Supreme Court in early October ruled that a general contractor’s commercial general liability policy does not cover the faulty work of a subcontractor.In its consideration of Ohio N. Univ. v. Charles Constr....
Nov 5 2018 // Texas’ property insurer of last resort for wind and hail along the Texas coast suffered a couple of setbacks in mid-October when the state’s insurance commissioner denied its request to raise maximum limits of...
Nov 1 2018 // Total estimated insured losses from Hurricane Michael have reached more than $2.1 billion, according to the most recent data from the Florida Office of Insurance Regulation.The current number of claims from Hurricane...
Oct 31 2018 // Can I be honest for a minute? I’m not a Halloween fan. It makes my list of favorite holidays right after Columbus Day and before Black Friday. No, I’m not planning on giving you my top ten holiday list...
Oct 30 2018 // Bermuda-based RenaissanceRe Holdings has agreed to pay about $1.5 billion to acquire Tokio Marine’s reinsurance platform (TMR), which includes Tokio Millennium Re AG and Tokio Millennium Re (UK).If closing tangible...
Oct 30 2018 // The current pricing environment for property/casualty insurers is “modestly positive,” with commercial and personal auto rates rising by mid-to-high single digits, homeowners and commercial property rates...
Oct 29 2018 // The Ohio Supreme Court in early October ruled that a general contractor’s commercial general liability policy does not cover the faulty work of a subcontractor.In its consideration of Ohio N. Univ. v. Charles Constr....
Oct 18 2018 // When insurance experts are asked what they see as the most important emerging risk for the property/casualty insurance industry, their consensus is cyber in some form.While cyber obviously poses tremendous risks, some...
Oct 18 2018 // Texas Insurance Commissioner Kent Sullivan has declined to approve the request by the state’s property insurer of last resort for wind and hail along the Texas coast to increase maximum limits of liability for...
Oct 17 2018 // A tropical storm has battered eastern Yemen, with three days of heavy rainfall and flooding injuring dozens of people, destroying property and killing livestock, Yemeni officials and the United Nations said Tuesday.They...
Oct 16 2018 // Seeman Holtz Property & Casualty, Inc. has acquired Allstar Assurance, headquartered in Weston, Fla.Allstar Assurance has been serving south Florida for over 14 years offering multi-line property and casualty insurance...
Oct 16 2018 // Florida’s insurance regulator has issued an emergency order that ensures “additional protections” to Florida policyholders – including freezing any rate hikes for 90 days – to support recovery efforts...
Oct 15 2018 // Rapid population growth and the desire to live near forests means new housing in western Montana is being built in wildfire-prone areas, increasing taxpayer-funded fire suppression liabilities and putting lives and...
Oct 15 2018 // Losses to the insurance industry from Hurricane Michael, a Category 4 storm that hit the Florida Panhandle before continuing a path of destruction through several other Southeast states, will be substantial but not enough...
Oct 12 2018 // Insurers, reinsurers and ILS investors could face significant losses from Hurricane Michael, a major Category 4 storm that began its assault on the Florida Panhandle Wednesday, according to a briefing from A.M. Best.Best...
Oct 10 2018 // Georgia Governor Nathan Deal declared a State of Emergency Tuesday ahead of Hurricane Michael, which was expected to slam Florida as a Category 4 storm then travel northeast towards Georgia and the Carolinas on Thursday...
Oct 8 2018 // ISO, a Verisk business, has launched a new personal inland marine product designed to help insurers meet the personal property coverage needs of millennials and other consumers who may not stay in one place for long.The...
Oct 5 2018 // Ohio-based Tower Hill Specialty is now offering property insurance in Illinois.Currently available in seven states, Tower Hill Specialty provides homeowners, dwelling fire, manufactured housing and condominium products....
Oct 5 2018 // Florida-based Seeman Holtz Property & Casualty, Inc. has acquired Spencer Insurance Agency LLC, headquartered in Hobe Sound, Fla.Spencer Insurance Agency has been serving the Eastern coast of Florida for over 25 years....