All the headlines from our Property Topic Page, ordered by recency.
Mar 7 2016 // The Texas Department of Insurance reported it has adopted rules pertaining to property insurance changes resulting from legislation passed in 2013 and 2015.Residential Property Declaration Page The new rules include...
Mar 3 2016 // Traditionally conservative European insurers and pension funds are turning increasingly to risky property bets on everything from new homes in provincial Britain to car parks at Brussels airport, as they feel the pinch...
Feb 29 2016 // Begin at the beginning – with the insuring agreement! Coverage can never be any broader. This is the most basic CGL coverage concept.Before applying the policy’s exclusions, exceptions or conditions to a loss,...
Feb 29 2016 // Hamilton Re, the reinsurance operations of Hamilton Insurance Group, announced that Gavin Davis has joined the Bermuda-based company as senior vice president, head of Property Insurance, Bermuda.Davis will be instrumental...
Feb 26 2016 // The Texas Department of Insurance reported it has adopted rules pertaining to property insurance changes resulting from legislation passed in 2013 and 2015.The new rules include requirements for residential property...
Feb 25 2016 // North Carolina Insurance Commissioner Wayne Goodwin announced the arrests of five Wilmington women in connection with an alleged staged auto accident ring. Investigators allege that over the course of three separate...
Feb 25 2016 // Alan Krapf, president of San Antonio-based USAA Property and Casualty Insurance Group, has announced his intention to retire. USAA has begun the process of identifying internal and external candidates for the role. Once a...
Feb 22 2016 // Strength of capital and good enterprise risk management are two of the main reasons the global reinsurance industry will be able to maintain a stable outlook during 2016 from Standard & Poor’s Ratings Services,...
Feb 17 2016 // Ohio-based Demotech Inc. recently affirmed the financial stability ratings (FSRs) assigned to six self-funded public entity pools in the Midwest.Demotech reviews and rates more than 415 insurers, writing every line of...
Feb 12 2016 // Disappointing underwriting and investment returns resulted in American International Group Inc. reporting an operating loss of $1.3 billion for the fourth quarter of 2015, compared to operating income of $1.4 billion in...
Feb 8 2016 // Florida insurers, consumer and insurance advocates, as well as regulators, are hoping 2016 may finally be the year that legislators address the misuse of assignment of benefits (AOB) for water loss claims that they say has...
Feb 8 2016 // Are loss-of-use damages, such as lost profits, allowed in Texas when an insured has recovered fair market value on a commercial vehicle that is deemed a total loss after an accident? The Texas Supreme Court thinks so,...
Feb 8 2016 // It was a relatively quiet year for natural disasters – except for those living in the Western United States, according to property data provider CoreLogic, in its annual Natural Hazard Risk Summary and Analysis, released...
Feb 8 2016 // The ghost of the 2008 financial collapse still haunts the liability insurance market for real estate professionals and some are worried the business may be headed for a replay of that crisis.While it is still recovering...
Feb 5 2016 // Rates for commercial property/casualty insurance fell four percent in the first month of the new year, continuing a downward trend that is unlikely to halt anytime soon, according to Richard Kerr, CEO of...
Feb 5 2016 // The initial estimate of the insured property market loss for UK flood damage during the period from Dec. 25, 2015 to Jan. 14, is £526 million ($767.7 million), according to PERILS, the independent Zurich-based...
Feb 3 2016 // This post is part of a series sponsored by CoreLogic.Why doesn’t the carrier already have property data on this home? Is this quote accurate or will I have to go back to the homeowner with a revision?Every agent...
Feb 3 2016 // An Oklahoma state lawmaker has filed a bill that would reform Oklahoma’s civil asset forfeiture law, an effort he says is supported by small businesses in the state.In May 2015, Sen. Kyle D. Loveless (R-Oklahoma...
Feb 1 2016 // This post is part of a series sponsored by CoreLogic.Looking at the big picture, 2015 was a quiet year in terms of natural hazard activity. Overall, the trend of fewer natural hazard events and decreased damage totals that...
Jan 28 2016 // In those periods of respite when the State of California is not rocking and rolling atop its various fault lines, it’s often quite literally on fire. In fact, of the top 10 costliest wildfires in U.S. history,...