property News

US Assure Earns Industry Honors

Zurich award, industry association designation demonstrate company’s accomplishments Jacksonville, FL, February 18, 2015 – US Assure, a leading program administrator and insurance services provider with four decades of insurance success, recently won two prestigious industry honors—Zurich’s Spirit of Excellence award …

Atlantic Specialty Lines Hires Personal Lines Producer, Rob Hardway

Austin, TX, October 23, 2014– Atlantic Specialty Lines (ASL), a wholesale broker and specialty lines MGA offering a variety of property, casualty, auto, professional, and personal lines coverages, is continuing its growth in Texas by announcing the addition of Rob …

Atlantic Specialty Lines Hires 32-year Insurance Industry Veteran, Suzy Popplewell-Baird

Houston, TX, October 16, 2014– Atlantic Specialty Lines (ASL), a wholesale broker and specialty lines MGA offering a variety of property, casualty, auto, professional, and personal lines coverages, is announcing a major addition to their Houston office. Looking to solidify …

Schools Facing Insurance Costs as Kentucky Trust Disbands

The financially troubled Kentucky School Boards Insurance Trust will disband, forcing school districts to search for new providers of workers compensation, property and liability insurance policies. The closure means financial consequences for all of the state’s 174 school districts, which …

Enservio’s Personal Property Valuation System Determines Contents Coverage

Enservio, a provider of contents inventory creation, valuation and replacement services and software, announced ContentsITV (Insurance to Value), a personal property valuation system for determining accurate contents coverage for homeowners, condo owners, and renters. The system provides an online tool …

Report: Arizona Sees 60% Drop in Vehicle Thefts

A crime data analysis released by the Arizona Criminal Justice Commission shows that the state has seen its crime rate drop by nearly a third over the past 10 years. The commission’s analysis of FBI crime data shows that Arizona’s …

State Farm Pay $5B to Cover Weather Damages

State Farm Insurance has paid $5 billion to its customers for weather-related catastrophes — damage to cars, homes and other property so far this year — the largest U.S. insurer of homes and cars said Sunday. That payout has been …

Lexington Announces Mobile App for Reporting Cat Claims

Lexington Insurance Company, a Chartis company, announced the release of a mobile application for reporting a first notice o property catastrophe losses directly to Lexington’s claims department. The Lexington Property Claim Reporting mobile app, designed for use by U.S. commercial …

Fire-Ravaged Texas Land May Lose Half Its Value

Texas property blackened by wildfires may suffer reductions in value by as much as 50 to 60 percent and a full recovery could take years, according to Lewis Realty Advisors, a Texas-based real estate appraisal and consulting firm. ‘Smaller banks …

Baxter Joins XL Insurance North American Property Team

The Canadian branch of XL Insurance Company Limited, part of the insurance underwriting operations of XL Group plc, announced the appointment of Michael Baxter as vice president of property. Reporting to Joseph Tocco, head of XL Insurance’s North America Property …