All the headlines from our Property Topic Page, ordered by recency.
May 18 2015 // MSIG at Lloyd’s, the international specialty arm of Mitsui Sumitomo Insurance Group, has appointed Martin Eyres as property underwriting manager and promoted Andrew Dougall as head of property and casualty.Eyres, who...
May 18 2015 // Whirlpool has agreed to pay the owners of 49 properties in Arkansas that lost value after it was discovered that a former plant of the appliance-maker had leaked a hazardous chemical into the groundwater for decades.Fort...
May 18 2015 // Property insurers in Mississippi have until October 1, 2015 to respond to the Mississippi Insurance Department’s (MID) first call for homeowners’ insurance policy data that will be used to satisfy the...
May 18 2015 // The Texas Senate on April 30 passed a bill aimed at stemming the onslaught of property claim litigation that has been occurring with increasing frequency in the state following natural catastrophes.Advocates of Senate Bill...
May 18 2015 // There is increasing information suggesting that hydraulic fracturing, commonly known as “fracking,” is not all it’s cracked up to be.While it is clear that the resurgence of oil and gas production in the...
May 13 2015 // Worldwide Facilities Inc. has named Marvin Altamirano a property broker in Southern California. Altamirano has more than nine years of experience in placing complex property risks. He has worked as a property broker since...
May 13 2015 // A federal appeals court in Philadelphia recently ruled that a standard flood insurance policy from the National Flood Insurance Program does not cover the cost of cleaning up storm-generated debris not owned by the...
May 13 2015 // AAIS’s Flood Coverage Endorsement“Flood” becomes a covered cause of loss by attachment of AAIS’s Flood Endorsement CO 1223 (The Flood Endorsement specifically designed for the COP XL is...
May 11 2015 // WKFC Underwriting Managers, a part of RSG Underwriting Managers, has launched a new property program for risks up to $500 million in total insured value (TIV).The program is written on A-XI rated paper and is available in...
May 11 2015 // A federal court jury has awarded more than $500,000 to 15 Kauai residents who say they can’t enjoy their homes because of red dust from test fields operated by DuPont Pioneer.The seven-member jury on Friday awarded...
May 8 2015 // MSIG at Lloyd’s has appointed Laura Wells as underwriter, property, and Matthew Radbourne as underwriter, power & utilities with immediate effect.Wells brings over 20 years’ industry experience to MSIG,...
May 6 2015 // During the first quarter, Hannover Re generated net income of 279.7 million euros ($311.8 million), a 20.1 percent increase over the 233.0 million euros ($260 million) reported for the same period last year.“The fact...
May 6 2015 // Some 140 vehicle fires, more than a dozen structural fires and nearly 200 arrests were reported in wake of the Baltimore riots that shook the city last week. And more than 200 businesses were damaged during the riots,...
May 6 2015 // In case you missed it (and don’t want to begin in the middle of the conversation), here is the link to Part I.Part II AAIS’s COP and COP XL Coverage FormsAAIS’s COP and COP XL are designed and intended...
May 5 2015 // Verisk Insurance Solutions has added Montana, Oklahoma and Wyoming to its FireLine wildfire risk management service. FireLine provides information to insurers to analyze wildfire risk at the individual address...
May 5 2015 // Bermuda-based Ironshore Inc. announced its global property division will raise capacity limits for builder’s risk products to $50 million, an increase from the current $35 million limit, effective...
May 5 2015 // Marc Eagan says he’s fortunate that his four children grew up in and around the insurance business. For Eagan, president of Eagan Insurance Agency located in the New Orleans-area, it means his firm is well-situated...
May 4 2015 // IFG Cos. has named Michael R. Denton executive managing director in property. He is based in IFG’s Irvine, Calif. office.Denton assumes responsibility for leading and managing the brokerage property division,...
May 4 2015 // Insurance brokers report that the commercial property/casualty market continued to soften in the first quarter of 2015, with large accounts seeing the biggest price declines.On average, small, medium and large accounts...
May 1 2015 // The Texas Senate on April 30 passed a bill aimed at stemming the onslaught of property claim litigation that has been occurring with increasing frequency in the state following natural catastrophes.Advocates of Senate Bill...