All the headlines from our Property Topic Page, ordered by recency.
Jul 20 2015 // New Jersey Gov. Chris Christie’s administration has begun legal proceedings to obtain land from beachfront property owners so the state can build dunes to protect against storms.The New Jersey Department of...
Jul 20 2015 // The New York Supreme Court’s Appellate Division affirmed that a $5 million flood sub-limit in a builders risk policy that Zurich American Insurance issued to a New York property developer applies to the...
Jul 17 2015 // Below is a list of insurance-related Florida legislation passed by lawmakers in the 2015 regular session. All legislation has been approved by Governor Rick Scott and became effective as of July 1, 2015.HB1133 –...
Jul 16 2015 // Cobalt Underwriting, the London insurance market’s first Shariah compliant underwriting agency, announced that it has secured a major property portfolio placed by Lockton’s Real Estate and Construction practice...
Jul 14 2015 // Insurance broker Lockton has added Jay Chappell in its Dallas/Ft. Worth operations as chief operating officer for its property/casualty business.Chappell will provide leadership and strategic business oversight for client...
Jul 13 2015 // The sister of a musician and photographer who fell 18 feet to his death down a downtown St. Louis building’s elevator shaft is suing the former property owner and the elevator’s manufacturer.The lawsuit filed...
Jul 9 2015 // The New York Supreme Court’s Appellate Division affirmed that a $5 million flood sub-limit in a builders risk policy that Zurich American Insurance issued to a New York property developer applies to the...
Jul 9 2015 // Newegg Inc. has been waiting for almost two years for a Texas federal judge to make a final ruling on a patent lawsuit it lost. On Monday it stopped waiting and asked an appeals court to force the judge into action.Newegg...
Jul 7 2015 // Florida-based 1347 Property Insurance Holdings Inc. is partnering with Brotherhood Mutual Insurance Co. to offer wind/hail coverage in Texas.Under this partnership, 1347 Property Insurance subsidiary, Maison Insurance Co....
Jul 7 2015 // First, the Reasons to NEVER Extend BAC Protection to an Individually-Owned AutoThe Background Section II (Liability Coverage) of the Business Auto Coverage (BAC) form describes who qualifies as an insured (II.A.1.)....
Jul 6 2015 // The flood plain manager for the Rapides Area Planning Commission in Louisiana said people whose homes flooded may find that repairs bring them under newer and stricter building standards.Melissa Becker told The Town Talk...
Jul 6 2015 // Nearly 10 years ago, wind and storm surges as a result of Hurricane Katrina caused $41 billion in insured losses and $108 billion in total economic losses. Many of the lawsuits filed as a result of the fifth hurricane of...
Jul 2 2015 // Vermont regulators issued a bulletin last week addressing the issue of “price optimization” in personal lines ratemaking.The Vermont Department of Financial Regulation (DFR) noted in the bulletin that some...
Jul 1 2015 // New Empire Group has expanded its property managers’ portfolio to include coverage for real estate agents & brokers, real estate consulting, construction management, asset management, property preservation,...
Jun 30 2015 // Businessowners Policies, traditionally referred to simply as “BOPs,” were introduced in 1976 and significantly revised in 1987. The BOP evolved gradually from the 1987 revisions to include risk classification...
Jun 30 2015 // Berkshire Hathaway Specialty Insurance Co. (BHSI) said it is entering the healthcare underwriting market in Australia, and has appointed Tony Bainbridge, previously with American International Group (AIG), to lead the...
Jun 25 2015 // Insurance broker and consultant, NFP, has acquired specialty agency AutoGroup Services (AGS), based in Fort Worth, Texas.Founded in 2000, AGS consults with auto dealerships to help maximize the profitability of their...
Jun 25 2015 // Gulfport Mayor Billy Hewes wants slabs and pilings left behind when Hurricane Katrina tore the businesses and homes removed.Hewes said the debris is “unsightly” and a “blight.” The Sun Herald...
Jun 22 2015 // Prosecutors are asking a judge to allow the government to seize money from an auction sale by two North Dakota brothers who were ordered to pay back more than $900,000 for intentionally destroying potatoes to collect...
Jun 22 2015 // Federal disaster aid granted to communities hit by natural catastrophes causes demand for property insurance to fall by six times as much, according to a new issue briefing from the University of Pennsylvania’s...