All the headlines from our Property Topic Page, ordered by recency.
Aug 10 2021 // This edition of International People Moves covers appointments at two insurers: Swiss Re Corporate Solutions and QBE European Operations.A summary of these new hires follows here. Swiss Re Corporate Solutions Names...
Aug 5 2021 // Georgia Insurance and Safety Fire Commissioner John F. King announced that a Putnam County fire was intentionally set and has been ruled an act of Arson. The fire occurred on Grand Avenue at approximately 3:19 A.M. on July...
Aug 3 2021 // Houston-based CrossCover Insurance Services, a new managing general underwriter targeting middle-market commercial business, is entering the excess and surplus property market.CrossCover was established in partnership with...
Jul 15 2021 // A Florida judge on Wednesday approved the sale of the oceanfront property where a collapsed Florida condominium building once stood, with proceeds intended to benefit victims of the deadly disaster.At a hearing, Miami-Dade...
Jul 15 2021 // Some local building inspectors in Minnesota are fielding questions from residents worried about the safety of their condo buildings following the collapse of a tower in Surfside, Florida, in June.In Minnesota, there is no...
Jul 12 2021 // A federal judge has halted enforcement of a section of Florida’s new property insurance reform (SB 76) law that restricts the advertisements and solicitations of roofing contractors.U.S. District Judge Mark Walker...
Jul 5 2021 // In order to continue the discussion regarding what constitutes a Super Regional P/C Insurer™ and to give definition to this important group of insurers, Demotech Inc. analyzed year-end 2020 data for property/casualty...
Jul 5 2021 // Florida Gov. Ron DeSantis officially signed into law reform legislation on property insurance and roofing contractor practices, a measure some said was having a positive impact even before it went into effect.DeSantis...
Jul 5 2021 // There’s something fun about contemplating flood insurance while the ground outside the office is so saturated that it’s like walking on sponges. No. We aren’t having a flood event and even if we were,...
Jun 23 2021 // Honeycomb, a managing general agent (MGA) for commercial real estate insurance, announced its North American launch following a $3.3M million raise.Investors in Honeycomb (formerly Agilius) include from Phoenix Insurance,...
Jun 23 2021 // Extreme weather events and shortage of labor and materials for repairs will push property insurance rates higher in the next several years, the chief executive of U.S. home insurer Hippo said on Tuesday.As homeowners...
Jun 21 2021 // Severe thunderstorms tore through the Chicago area on Sunday night after the National Weather Service said a “confirmed large and extremely dangerous tornado” had touched down in a western suburb of the city,...
Jun 11 2021 // Florida Gov. Ron DeSantis on Friday officially signed into law reform legislation on property insurance and roofing contractor practices, a measure some say is having a positive impact even before it goes into...
Jun 10 2021 // Florida Gov. Ron DeSantis said that he will sign recently-passed legislation addressing property insurance costs and roofing contractor practices while adding that he believes that the state needs to do more to curb excess...
Jun 10 2021 // Bell and Clements Inc., part of Munich Re Specialty Insurance (MRSI), is launching an Intellectual Property Legal Professional Liability (IPLPL) product specifically designed for law firms of all sizes with 65% or more of...
Jun 2 2021 // Pennsylvania Insurance Commissioner Jessica Altman is urging property owners to consider purchasing flood insurance to protect their homes, businesses and possessions.For many Pennsylvanians, extreme weather, including...
Jun 1 2021 // A bill passed by the Florida Legislature to address the state’s property insurance crisis has created optimism among some stakeholders, while others say it will not reduce rates over the next 18 to 24 months or stop...
May 28 2021 // AM Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Ratings of “bbb” (Good) of First American Property & Casualty Insurance Co. and First American Specialty...
May 27 2021 // AM Best’s composite of Florida property insurance companies hit five-year performance and surplus lows in 2020, and given persisting and significant market hurdles, companies will find sustaining current surplus...
May 23 2021 // Property owners near dams that failed in the Midland area won a key decision in lawsuits against the state.Judge Cynthia Stephens said the lawsuits can go forward, rejecting a request to dismiss by the Department of...