All the headlines from our Property Topic Page, ordered by recency.
Apr 5 2016 // Commercial insurers eased up slightly on rate cutting in March, according to the MarketScout barometer for the month.After three straight months of price cuts averaging 4 percent, U.S. commercial property, inland marine,...
Apr 4 2016 // Hail-packing thunderstorms pummeled North Texas twice in March causing hundreds of thousands of dollars in damage to automobiles and property.Meanwhile, the Texas Department of Insurance is intent on gathering data on past...
Apr 1 2016 // Four North Carolina individuals have been arrested in connection with an alleged staged auto accident, according to North Carolina Insurance Commissioner Wayne Goodwin. Investigators are still seeking two other suspects in...
Mar 28 2016 // Chubb has appointed Darren Cantas its head of Risk Engineering for Property and Casualty in Asia Pacific.He will continue to lead the region’s P&C Risk Engineering Services team, comprising 32 risk engineers...
Mar 24 2016 // Property insurance market losses from flooding brought by UK storms Eva and Frank have risen to £578 million ($818.9 million), compared to an initial loss estimate of £526 million ($745.2 million), according to PERILS,...
Mar 24 2016 // Universal Insurance Holdings Inc., an insurance holding company based in Fort Lauderdale, Florida, announced that its subsidiary Universal Property & Casualty Insurance Company (UPCIC) has been approved by the New...
Mar 23 2016 // The Senate Business and Commerce and the House Insurance Committees of the Texas Legislature have requested data from the Texas Department of Insurance related to weather-related property claims, the incidence of lawsuits...
Mar 23 2016 // An insurer trade group says it estimates that damage caused by hailstorms that rolled through the Fort Worth area last week will reach $600 million in auto and property claims.Mark Hanna, a spokesman for the Insurance...
Mar 21 2016 // Looking for new sales and opportunities in 2016? Here are a few of the top market sectors that just might deliver hot opportunities for agents and brokers in the property/casualty insurance industry this year.Sky’s...
Mar 21 2016 // A California intermediate appellate court has reaffirmed that a professional negligence claim against a client’s property/casualty insurance broker is freely assignable.It also held that the assigned rights are...
Mar 17 2016 // Universal Insurance Holdings Inc., an insurance holding company based in Fort Lauderdale, Florida, announced that its subsidiary Universal Property & Casualty Insurance Company (UPCIC) was issued a certificate of...
Mar 14 2016 // Ironshore Inc. has announced that Melanie Alexander will serve as head of Global Property Programs, overseeing the London-based property facility business. She will report to Tony Mammolite, president of Global...
Mar 11 2016 // CoreLogic, a global property information, analytics and data-enabled services provider, has expanded its proprietary property parcel database to cover more than 144 million parcel boundaries and parcel point locations....
Mar 10 2016 // Honor Jones has joined London-based Miller Insurance Services to drive the growth of its wholesale and facultative property book in North America.Jones has over 20 years’ experience of placing risks on behalf of...
Mar 10 2016 // Alesco Risk Management Services*, the specialist insurance and risk management broker, announced Adam Bragg will be joining as head of the organisation’s Latin America Property Facultative team.His primary focus will...
Mar 7 2016 // Private passenger automobile insurance remains one of the most competitive segments in the U.S. property/casualty industry, with a number of large, well capitalized organizations battling for market share and searching for...
Mar 7 2016 // Customer satisfaction among homeowners filing a property claim has slipped for the first time in five years, largely driven by declines in satisfaction with the total settlement and service interactions, according to the...
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,...