All the headlines from our Property Topic Page, ordered by recency.
Jan 9 2025 // The commercial property market is showing signs of stabilization, and buyers with favorable risk profiles will see rate decreases or low-single-digit increases this year, according to USI Insurance Services’ 2025...
Jan 9 2025 // Broker McGill and Partners has launched a commercial property war risk reinsurance program for Ukraine, which it said on Thursday was the first of its kind since Russia’s invasion of the country in Feb 2022.Companies...
Jan 6 2025 // Guy Carpenter reports that average global and regional property catastrophe rates-on-line decreased during the January 2025 renewals in amounts ranging from 5.3% to 7.2%.Guy Carpenter defines rate on line (ROL) as the cost...
Dec 30 2024 // Global reinsurers’ appetite rose for property catastrophe during the upcoming January renewals, which have seen risk-adjusted reinsurance rate reductions of 5%-15% for loss-free accounts, according to a renewal...
Dec 19 2024 // Texas property management companies Castle Hills Master Association Inc., Bright Realty LLC, Bright Industries LLC, and Bright Executive Services LLC will pay $55,000 and furnish other relief to settle a disability...
Dec 16 2024 // International and domestic insurers are pushing into the U.S. market for hard-to-protect homes, charging high premiums and enjoying strong profits after some U.S. firms pulled out.Rising losses from storms, hurricanes and...
Dec 16 2024 // This edition of International People Moves details appointments at the re/insurance MGA Rokstone and Arch Insurance.A summary of these new hires follows here. Rokstone Taps Hogarth From Castel for Direct & Facultative...
Dec 12 2024 // New York is considering asking property and casualty insurers to cover the claims of insolvent taxi insurer American Transit Insurance Co., according to people familiar with the plans.That measure is one of several options...
Dec 10 2024 // A meter of sea level rise by 2100 would affect more than 14 million people and $1 trillion worth of property along the Southeast Atlantic coast, a new study shows.A recent study published in the journal Nature Climate...
Dec 6 2024 // This post is part of a series sponsored by CoreLogic.With 2025 in plain sight, it’s time to solidify our strategies for the new year. Next year will undoubtedly bring challenges, but it will also present many...
Dec 6 2024 // China’s financial regulator unveiled a plan on Friday to enhance supervision and support the development of the property insurance industry, according to a statement.The country will support qualified foreign...
Nov 20 2024 // Florida’s newest legislative leaders on Tuesday rattled some sabers about property insurance rates and claims but offered no agenda for the upcoming session that begins in March, according to state news...
Oct 23 2024 // Rokstone, the London-based speciality re/insurance MGA that is part of the Aventum Group, has announced a three-year binding authority agreement with Aviva for its direct & facultative (D&F) property portfolio.The...
Oct 8 2024 // This edition of International People Moves details appointments at Price Forbes Re and Berkshire Hathaway Specialty Insurance (BHSI).A summary of these new hires follows here. Price Forbes Re Names Gallagher Re’s...
Oct 8 2024 // U.S. property and casualty insurance stocks tanked on Monday after Hurricane Milton intensified into a category 4 storm on its path towards Florida’s western coast, marking yet another costly disaster for the...
Oct 7 2024 // Broker WTW said commercial lines insurance rates increased overall by an average of 5.9% during the second quarter of 2024.Quarterly price increases have been around 6% since the end of the global pandemic, WTW reported in...
Sep 27 2024 // This edition of International People Moves details appointments at AXA XL Bermuda, the tech risk platform Intangic, and the Lloyd’s insurer Dale Underwriting Partners.A summary of these new hires follows here. AXA XL...
Sep 25 2024 // This edition of International People Moves details appointments at Price Forbes Re and AXA XL.A summary of these new hires follows here. Price Forbes Re Taps Howden’s Waterhouse as Head of Property FacPrice Forbes...
Sep 18 2024 // State leaders tasked with reviewing Maine’s preparations and responses to climate change-fueled natural disasters are at a crossroads.While Maine has seen seven federal disaster declarations for severe storms and...
Sep 17 2024 // US property insurance rates are decreasing for the first time in almost seven years, after insurers returned to profitability amid lower losses tied to catastrophes.The average US property insurance rate decreased 0.94% in...