All the headlines from our Property Topic Page, ordered by recency.
Jan 27 2014 // A panel studying methods to assess property loss incurred as a result of wind versus water forces along the Texas coast expects to have the first of four study components ready for consideration in February.The mission of...
Jan 24 2014 // New technologies and a better understanding of flood risk may have increased private insurers’ interest in providing flood insurance but real obstacles remain to the private sector getting involved.The obstacles...
Jan 23 2014 // Part I – The Market in the Developed EconomiesA significant number of reinsurance treaties were renewed this month, heavily concentrated in property catastrophe coverage. It’s become apparent, however, that this...
Jan 22 2014 // Berkshire Hathaway Specialty Insurance (BHSI) is expanding its property capabilities to include builder’s risk insurance. The company also named Robert Tricamo to head the new specialty property area as vice...
Jan 14 2014 // Everest Re Group, Ltd.’s special purpose reinsurer, Mt. Logan Re, Ltd., has secured additional funding, which brings current committed capacity to $370 million, above its initial target funding of $250 million. Mt....
Jan 14 2014 // In response to the increasingly constricted habitational insurance market, Marsh has created a new property insurance facility designed specifically for those who own or are investors in multifamily...
Jan 14 2014 // Orlando, Fla. (Jan. 14, 2014) – Insurance Programs of America, a nationwide MGA and wholesale brokerage firm, announced a new addition to their hotel underwriting division. Lynn Vogel will be joining IPOA as an...
Jan 10 2014 // A panel studying methods to assess property loss incurred as a result of wind versus water forces along the Texas coast expects to have the first of four study components ready for consideration next month.The mission of...
Jan 9 2014 // San Diego, Calif.-based Align Financial Group LLC. has formed Catalytic Holdings LLC, a specialist property catastrophe underwriting manager, and Catalytic has acquired the property catastrophe business of Align General...
Jan 3 2014 // Winter can be tough, especially on private property, and no one knows that better than Stroud Township, Pennsylvania, resident Pamela Wnuk.She says her property sustained damage after a municipal snowplow driver tore apart...
Jan 2 2014 // Donald Hargraves is flooded with nostalgia when he drives past the Shickshinny, Penn., home he owned for more than five decades but doesn’t regret recently selling the property in a flood-buyout program.“I...
Dec 30 2013 // Guy Carpenter & Co. has reported that reinsurance rates-on-line fell at the January 1, 2014 renewal in nearly all classes and regions. The reinsurance broker’s global renewal report pointed to “strong...
Dec 23 2013 // Private U.S. property/casualty insurers’ net income after taxes rose to $43 billion in nine-months 2013 from $27.8 billion in nine-months 2012, with insurers’ overall profitability as measured by their...
Dec 20 2013 // The Georgia Department of Insurance has approved United Property & Casualty Insurance Co. (UPC) to write property/casualty insurance in the state as an admitted carrier. This brings the total number of states in the...
Dec 20 2013 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of the property/casualty subsidiaries of CNA Financial Corporation (CNAF),...
Dec 19 2013 // With the chances of a federal solution to rising flood insurance rates waning by the day, Florida lawmakers are pressing forward with a bill to create a private market solution to the problem.Florida State Senator Jeff...
Dec 19 2013 // The surplus of capital among insurers and reinsurers continued to have an overall softening effect in the U.S. property insurance market through the third quarter of 2013, Marsh said in a report.For the first nine months...
Dec 12 2013 // Louisiana Insurance Commissioner Jim Donelon is reminding property insurance policyholders that the clock is ticking on the deadline to claim a rebate for the Citizens Property Insurance Corporation (Citizens)...
Dec 11 2013 // Florida Gov. Rick Scott and members of the Florida Cabinet announced Bruce Meeks has been selected to fill the newly created post of inspector general for Citizens Property Insurance Corp., the state’s largest...
Dec 6 2013 // Some property owners in Douglas County, Kansas, could soon pay more for federal insurance.The federal government’s decision to phase out subsidized insurance in special flood hazard areas will increase costs for 168...