All the headlines from our Property Topic Page, ordered by recency.
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...
Sep 16 2021 // Property data firm CoreLogic said it has closed on its acquisition of Next Gear Solutions, a digital workflow platform for the property restoration industry.Next Gear Solutions, headquartered in Oxford, Miss., offers a...
Aug 30 2021 // SHANGHAI — China’s banking and insurance sector regulator is probing Ping An Insurance Group Co. of China Ltd.’s investments in the property market, two people with knowledge of the matter said, after the...
Aug 26 2021 // This edition of International People Moves details appointments at QBE International, Zurich Insurance, and MGA Rokstone.A summary of these new hires follows here. QBE International Appoints Mejia as VP of Property...
Aug 25 2021 // Insurance technology firm Guidewire Software said it has acquired HazardHub, an insurtech provider of property risk data to the property/casualty insurance industry for underwriting, marketing and claims.HazardHub’s...
Aug 20 2021 // Insurance broker Willis Towers Watson announced that Kate Mead is the new head of its Canadian property/casualty broking team.Previously Willis Towers Watson’s practice leader for the Midwest, Northeast U.S. &...
Aug 16 2021 // Madeleine Brown, intellectual property practice leader for CFC Underwriting, has spent the last 15 years specializing in the diverse intellectual property market. She sees exposures for IP where others do not. And as...
Aug 11 2021 // The COVID-19 pandemic is causing a sharp increase in the price of materials and labor and driving increases in property claim costs, experts said during a webinar hosted by ATI Restoration last week.“We’ve...
Aug 10 2021 // This post is part of a series sponsored by TransUnion.Credit-based insurance risk scores draw from credit data to more accurately assess consumer risk and improve the underwriting process Today, credit-based insurance...
Aug 10 2021 // Noting the passage in the 87th Legislature of Senate Bill 1367, which made changes to certain lines of insurance, the Texas Department of Insurance has outlined the changes that are effective for an insurance policy that...