All the headlines from our Property Topic Page, ordered by recency.
May 24 2016 // Florida’s Miami-Dade County is stepping up enforcement to prevent the spread of mosquito-borne viruses, including Zika.County commissioners May 17 passed an ordinance allowing authorities to take “necessary...
May 23 2016 // The Texas Department of Insurance has issued a data call to gather information about the cost of weather-related residential property claims and the incidence of litigation of these claims.The Regulatory Policy Division is...
May 23 2016 // 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 2015 data for property/casualty...
May 23 2016 // XL Catlin announced the strengthening of its insurance claims team with the appointment of Oliver Newick to the position of global practice leader for Energy, Property & Construction Claims.Newick joins XL Catlin from...
May 23 2016 // So what is all the buzz about? Lately it is about unmanned aerial vehicles (UAV) or drones, which are emerging as a valuable component in a vast array of American businesses and markets. While UAVs are generally associated...
May 23 2016 // The Ohio Insurance Institute reports that preliminary estimates of an April storm outbreak caused insured property losses of up to $57.8 million in Ohio alone. Several other states, including Illinois and Indiana, were...
May 18 2016 // An analysis by catastrophe risk management firm RMS of economic risk to San Francisco’s property from future sea level rise found billions of dollars worth of property at risk.The analysis was used to inform the...
May 12 2016 // The Ohio Insurance Institute reports that an early April storm that caused significant property losses in Ohio and several other states, caused as much as $57.8 million in insured losses in Ohio alone.According to the OII...
May 11 2016 // Arthur J. Gallagher* has partnered with independent specialist Cardinus Risk Management to offer its commercial property and property investor clients a cost-effective nationwide service that will help eradicate the risk...
May 11 2016 // Watercolor Management, an Alabama-based managing general underwriter, will open new property underwriting facilities for water treatment businesses through an agreement with a new surplus lines carrier.The agreement grants...
May 3 2016 // A.M. Besthas downgraded the financial strength rating (FSR) to B++ (Good) from A- (Excellent) and the issuer credit rating (ICR) to “bbb+” from “a-” of Financial American Property and Casualty...
May 3 2016 // Abuse of assignment of benefits (AOB) from water loss claims has become a full-blown Florida insurance crisis that will mean higher insurance rates next year and for the foreseeable future for every Florida policyholder,...
May 2 2016 // The good news is that for the foreseeable future, with certain exceptions, you will not have to tell your clients their premiums are increasing 10 percent or more. Property/casualty carriers collectively, not necessarily...
Apr 29 2016 // Stephen Manahan Kinsale Insurance Company, a domestic excess and surplus lines insurance company based in Richmond, Virginia, has hired Stephen Manahan as senior vice president of Excess & Surplus Lines Property. In...
Apr 29 2016 // A growing number of insurance companies envision a large, robust insurance market for liability and property coverage associated with drone use. However, many insurers currently are proceeding with caution in light of...
Apr 27 2016 // Arkansas Insurance Commissioner Allen Kerr has approved Ohio-based All America Insurance Co. (AAIC) and Central Mutual Insurance Co. (CMIC) to do business in the state.The companies now have the authority to offer...
Apr 25 2016 // This post is part of a series sponsored by CoreLogic.When we think about data, all we have to do is look around to see its power at work. Data is everywhere, and it is so seamlessly integrated into every aspect of our...
Apr 25 2016 // RMS, the Newark, Calif.-based catastrophe risk management firm, estimated that economic property damage for both the April 15 moment magnitude (Mw) 7.0 earthquake and April 14 Mw6.4 earthquake in Japan’s Kumamoto...
Apr 25 2016 // Although the role of catastrophe reinsurance in a wind exposed region is intuitively obvious to an insurance professional and most insurer rating agencies, the need for transparency, education and open dialogue on this...
Apr 15 2016 // Verisk Insurance Solutions said it is making its data for loss estimating of commercial properties available to managing general agents (MGA), managing general underwriters (MGU), and program administrators and others in...