All the headlines from our Property Topic Page, ordered by recency.
Mar 5 2018 // The Main Street America Group, a super-regional property/casualty insurance company, has promoted Darryl Osman to vice president of personal lines.Osman remains based at the company’s home office in Jacksonville,...
Mar 2 2018 // S&P Global Ratings has lowered the long-term issuer credit rating on Bermuda-based RenaissanceRe Holdings Ltd. (RNR) to “A-” from “A” and its long-term financial strength and issuer credit...
Feb 28 2018 // Average global insurance pricing in the fourth quarter of 2017 increased for the first time since Q1 2013, driven largely by global property insurance pricing following the third quarter’s large catastrophe losses,...
Feb 21 2018 // San Diego, CA, February 21, 2018 – Atlas General Insurance Services, LLC (‘Atlas’), a national multi-line program administrator, announced today the continued expansion of their Property capabilities with...
Feb 20 2018 // Birmingham, Ala.-based Infinity Property and Casualty were bought for $1.4 billion.Kemper Corp. acquired the auto insurance provider in a cash and stock transaction, making it one of the largest nonstandard auto insurers...
Feb 19 2018 // Hurricane Harvey resulted in nearly 670,000 in combined personal and commercial property insurance claims to private insurers, the Texas Windstorm Insurance Association (TWIA) and the Texas Fair Access to Insurance...
Feb 16 2018 // Aspen Insurance Holdings confirmed on Friday, Feb. 16 that it has ceased underwriting property insurance on its Bermuda platform, effective immediately, as a result of the company’s 2017 catastrophe losses.The move...
Feb 15 2018 // Everest Re Group Ltd. announced Shaun Safi has joined the Everest Insurance U.S. Property team as vice president based in Chicago.Safi will oversee the retail property portfolio in the central region as well as the...
Feb 15 2018 // Independent Lloyd’s broker AFL Insurance Brokers Ltd. hired re/insurance professionals Barry Rowland and Chris Cavani to augment its wholesale property team.Formerly a facilities and binder partner at JLT Re, Rowland...
Feb 15 2018 // Commercial property insurers are seeking double-digit rate hikes on catastrophe-exposed insurance programs following 2017’s record catastrophes; however, abundant capacity in the form of traditional and alternative...
Feb 14 2018 // A prominent Iowa City landlord was ordered to pay $5.6 million in damages after jurors held him responsible for the 2014 death of a maintenance worker.A jury ruled that Jeffrey Clark, manager of Apartments Downtown Inc.,...
Feb 13 2018 // Hurricane Harvey resulted in nearly 670,000 in combined personal and commercial property insurance claims to private insurers, the Texas Windstorm Insurance Association (TWIA) and the Texas Fair Access to Insurance...
Feb 13 2018 // Insurer CNA saw its fourth quarter 2017 combined ratio improve and its quarterly net income dip only slightly despite catastrophe losses. For the full year 2017, it achieved net income of nearly $900 million, which was...
Feb 12 2018 // Put on the Taylor Swift and pull out the Ben & Jerry’s ice cream: The municipal-bond market’s long relationship with property and casualty insurance companies may be breaking up.That’s because last...
Feb 9 2018 // The Maryland Joint Insurance Association left data about some of its customers exposed online, but there’s no evidence it was accessed improperly.The Baltimore Sun reported Wednesday that a California-based...
Feb 7 2018 // Rating agency A.M. Best expects the U.S. property/casualty insurance industry to post a second consecutive underwriting loss in 2017, driven mainly by catastrophe losses.The expected net underwriting loss for 2017 of $29.3...
Feb 7 2018 // Charlotte, NC, February 7, 2018 – Insurance Claims Adjusters, LP (ICA) is pleased to announce that Jeff Davis, vice president of claims and director of business development, will be a panelist at the 2018 Atlanta...
Feb 6 2018 // Worley Claims Services, LLC, a provider of claims services in North America, has acquired Audit Services Incorporated (ASI), a claim estimate writing and review supplier for the property and auto insurance markets based in...
Feb 5 2018 // Marsh & McLennan Insurance Agency has promoted eight executives to principals of the firm.In San Diego, the new Principals are Donna DeBolt, Wayne Pages, Greg Pendergast, Erin Quigley, Jeff Simpson, Ryan Stover, and...
Feb 5 2018 // Boca Raton, Fla.-based Universal Insurance Services, LLC, a subsidiary of Vanbridge, LLC, has added Jamie Lorentz to the firm as an analyst for Corporate and Institutional Insurance.Lorentz joins Universal from...