All the headlines from our Property Topic Page, ordered by recency.
Oct 19 2015 // Ask errors and omissions (E&O) carriers about their results when dealing with commercial lines shops and most, if not all, would comment that heavy commercial lines agencies definitely generate their share of E&O...
Oct 19 2015 // Commercial property insurance continues to be a buyer’s market with additional capacity still making its way into an already overcrowded space. In the current market it is important for the insureds to set goals...
Oct 15 2015 // San Diego, CA, October 15 2015 – Atlas General Insurance Services, LLC, a National multi-line program administrator, welcomes Lee Glaser as the new Senior Vice President of the Commercial Division.In his new role, Lee...
Oct 13 2015 // Replacement cost does not mean what the client believes or has been told. Insureds assume replacement cost translates into new stuff for old junk – because agents have told them that’s how it works. Well, to be...
Oct 12 2015 // As of the end of 2014 the worldwide property insurance market was worth $360.5 billion in gross written premiums with household (homeowners’) policies making up 54 percent of this total, according to a survey...
Oct 12 2015 // San Diego, CA, October 12 2015– American Claims Management (ACM) has been chosen as the third party claims administrator for Constitution Insurance Company (CIC) for their personal property product division, effective...
Oct 6 2015 // European Property Underwriting Limited (EPU), a London-based property owners MGA, has secured an exclusive capacity arrangement with three risk transfer partners, led by HDI Gerling, with major co/reinsurance...
Oct 5 2015 // Berkley Re UK Limited*, the London-based subsidiary of W. R. Berkley Co., announced it launched a global facultative property unit to provide targeted and tailor-made coverage to global clients, which will “enable...
Oct 5 2015 // The underinsurance of property risk – particularly natural catastrophe risks – has risen steadily over the past 40 years, even though claims payments have increased significantly during that period, according to Swiss...
Oct 5 2015 // Four of the top eight cities most vulnerable to a major storm surge are located in Florida, according to a new report released by Karen Clark & Company (KCC).The 2015 “Most Vulnerable U.S. Cities to Storm Surge...
Oct 2 2015 // ATLANTA, Ga., October 2, 2015 — Michael Dauth has joined Breckenridge Insurance Services, a leading specialty wholesale commercial brokerage firm, as vice president, broker. With more than 20 years of insurance...
Sep 25 2015 // Great American Insurance Group based in Cincinnati, Ohio, has named James (Jim) R. Niehaus was named senior vice president and chief information officer of its Property and Casualty Group. Jim Niehaus Niehaus joined the...
Sep 25 2015 // A macaque monkey who took now-famous selfie photographs should be declared the copyright owner of the photos, rather than the nature photographer who positioned the camera, animal-rights activists contend in a novel...
Sep 25 2015 // CoreLogic, a residential property information, analytics and data-enabled services provider, has released an expanded version of its natural catastrophe risk management program, which features a probabilistic flood model...
Sep 21 2015 // The commercial general liability (CGL) policy is the standard insurance policy used for construction liability risks. Because of this, a question often arises as to whether or not the policy that’s in force when the...
Sep 18 2015 // The Florida Office of Insurance Regulation has issued an Order establishing the 2016 commercial lines rates for Citizens Property Insurance Corporation (Citizens). The overall estimated statewide average rate changes are...
Sep 18 2015 // This wrap-up of recent intellectual property cases covers chocolate bar shapes, cookware designs, sneaker similarities, Korean TV copyright device, Quizno’s commercials, personal transporter technology, Oscar award...
Sep 15 2015 // The underinsurance of property risk – particularly natural catastrophe risks – has risen steadily over the past 40 years, even though claims payments have increased significantly during that period, according to Swiss...
Sep 15 2015 // Four of the top eight cities most vulnerable to a major storm surge are located in Florida, according to a new report released by Karen Clark & Company (KCC).The 2015 “Most Vulnerable U.S. Cities to Storm Surge...
Sep 9 2015 // The Texas Department of Insurance has produced a summary of various bills passed by the Texas Legislature this year that impact property/casualty insurance companies. Many but not all of the following were effective Sept....