All the headlines from our Property Topic Page, ordered by recency.
Dec 7 2021 // Reinsurance rates are expected to increase by more than 10% in catastrophe-related lines of business when contracts are renewed in January 2022, which supports an improving sector outlook for 2022, according to Fitch...
Dec 6 2021 // Florida’s Department of Financial Services has added 13 employees, 10 of whom are sworn law enforcement officers, to investigate property insurance fraud in the state, Chief Financial Officer Jimmy Patronis said.The...
Nov 30 2021 // The Ohio Department of Insurance is urging people to winterize their property and review insurance now in preparation for the state’s harsh winter weather.Ways to winterize include: Clean debris from gutters and...
Nov 17 2021 // LineSlip Streamlines Property Value Reporting, Underwriting DataLineSlip Solutions recently unveiled a new tool to help risk managers, insurance brokers, and real estate asset managers streamline the collection and...
Nov 15 2021 // There’s a storm warning. It might be a hurricane, a tornado, a derecho, or a microburst. It doesn’t matter, they all have one similar characteristic, damaging winds. After the storm passes, whether a building...
Nov 12 2021 // This edition of International People Moves details promotions at the insurers Chubb and Fidelis Insurance.A summary of these new hires follows here. Chubb Promotes Walker to Head of AerospaceChubb announced the promotion...
Nov 12 2021 // Specialty insurer Argo Group International Holdings has agreed to sell the renewal rights of its U.S. specialty property business to Westfield Insurance of Ohio.This transaction includes Argo’s shared and layered...
Oct 22 2021 // This edition of International People Moves details appointments at three insurers: FM Global, Beazley and Rokstone.A summary of these new hires follows here. FM Global Promotes Johnson and Dempsey in Senior EMEA...
Oct 22 2021 // The White House on Thursday called on all World Trade Organization members to support an intellectual property waiver for COVID-19 vaccines.“We … need every WTO member to step up as well and support an...
Oct 20 2021 // Hamilton Insurance Group Ltd. announced its decision to cease writing property treaty reinsurance through Syndicate 4000 in London.“We regularly review our book to ensure that we continue to drive underwriting...
Oct 20 2021 // Lockton, the privately-owned independent insurance broker, has launched its Silent Cyber Property Solution, a standalone policy that covers businesses against property damage and ensuing time element losses resulting from...
Oct 19 2021 // As part of its effort to reduce its ballooning exposure level and trim the number of policyholders, Florida’s insurer of last resort will increase its property inspections by almost 70-fold over the next four years...
Oct 18 2021 // The U.S. insurance industry faces only minimal exposure to land development companies in China as one of that country’s largest property developers, Evergrande, appears on the brink of collapse.According to analysts...
Oct 18 2021 // The U.S. property insurance market is accumulating cyber exposures that could result in $12.5 billion in non-physical damage losses and cause capital adequacy ratios for some carriers to deteriorate.A study conducted by...
Oct 18 2021 // The Champlain Towers collapse in South Florida brought several issues to light regarding building safety. In the days following the collapse, people began to ask questions about the safety of these buildings and what...
Oct 12 2021 // The U.S. property insurance market is accumulating cyber exposures that could result in $12.5 billion in non-physical damage losses and cause capital adequacy ratios for some carriers to deteriorate.A study conducted by...
Oct 12 2021 // This edition of International People Moves details appointments at re/insurer SiriusPoint, insurer HDI Global, and Lloyd’s broker Besso.A summary of these new hires follows here. SiriusPoint Appoints Top Reinsurance...
Oct 6 2021 // The California FAIR Plan Association announced on Wednesday it has submitted a farm product rate filing to the California Department of Insurance ahead of a 90-day deadline.The deadline to make the filing was imposed in...
Oct 5 2021 // A Miami judge has approved the contingent sale of the Surfside, Florida, property where a 12-story condominium building collapsed in June, killing 98 people.A Dubai-based billionaire bid $120 million to buy the property,...
Sep 30 2021 // Lockton Names WTW’s Danyluk as Head Int’l Property in Wholesale P/CLockton, the world’s largest privately owned independent insurance broker, has appointed Andrzej Danyluk as head of International...