All the headlines from our Property Topic Page, ordered by recency.
May 21 2021 // Program administrator Lumen Risk Services, in partnership with Transverse Insurance Group, has launched a new commercial property insurance program.The non-admitted program will initially offer monoline property coverage...
May 20 2021 // Insurer Aviva said it will close three UK property funds in July that have been suspended since March last year due to market uncertainty as the pandemic hit Britain’s economy.“During this period of economic...
May 19 2021 // Governor Ron DeSantis has appointed three new members to the board of governors of Citizens Property Insurance Corp., his office said in a statement.Jillian Hasner of Boca Raton currently serves as president and chief...
May 12 2021 // SageSure, a managing general underwriter and insurtech specializing in catastrophe-prone property markets, and SureChoice Underwriters Reciprocal Exchange (SURE), have partnered to expand insurance capacity for homeowners...
Apr 30 2021 // Florida lawmakers passed two bills on the last day of their 2021 legislative session that make major changes to the state’s auto and property insurance markets.The actions follow weeks of back-and-forth debate on the...
Apr 30 2021 // San Francisco-based Foresight Risk & Insurance Services is offering new commercial property insurance lines coverages including inland marine, contractors equipment and builders’ risk, which will be offered as a...
Apr 28 2021 // The White House is considering options for maximizing global production and supply of COVID-19 vaccines at the lowest cost, including backing a proposed waiver of intellectual property rights, but no decision has been...
Apr 27 2021 // Integrated Specialty Coverages (ISC), a multi-line program administrator that builds end-to-end insurance products with artificial intelligence (AI) engineering and data analytics, has launched its Vacant Property Program...
Apr 19 2021 // As of late March, Texas policyholders had filed 386,108 property and auto insurance claims related to the winter storm that blanketed the state in mid-February.That number reflects preliminary results from a data call...
Apr 16 2021 // Seven insurance company impairments were identified in the U.S. property/casualty industry in 2020, with five of the seven involving auto insurers, according to an AM Best special report.Last year’s number was an...
Apr 14 2021 // Roach Howard Smith & Barton Dallas-based independent insurance broker Roach Howard Smith & Barton (RHSB) has promoted Shellie Croy to vice president of Property and Casualty Operations. She has been with RHSB since...
Apr 14 2021 // New information from Florida’s insurance regulator paints a stark picture of the extent of litigation facing the state’s domestic insurers. The information comes as numerous stakeholders push for legislative...
Apr 9 2021 // A bill backed by the Florida insurance industry and other stakeholders aimed at addressing the state’s insurance market woes was passed in the Senate chamber this week but faces an uncertain future as the companion...
Mar 23 2021 // A party-ending curfew imposed after fights, gunfire, property destruction and dangerous stampedes broke out among huge crowds of people in Miami Beach could extend through the end of spring break.Miami Beach commissioners...
Mar 23 2021 // Inflation, defined as the rate at which prices for goods and services are increasing, tends to occur when prices rise due to increases in production costs or when the demand for a product exceeds its supply (i.e., too much...
Mar 22 2021 // Inflation, defined as the rate at which prices for goods and services are increasing, tends to occur when prices rise due to increases in production costs or when the demand for a product exceeds its supply (i.e., too much...
Mar 22 2021 // While carriers face growing financial losses in Florida’s distressed property insurance market, insurance agents are on the front lines trying to help their clients who are being hit with double-digit rate increases,...
Mar 19 2021 // Florida’s insurer of last resort, Citizens Property Insurance Corp., has become the insurer of first resort as thousands of new policies flood into it each week and the private homeowners insurance market continues...
Mar 18 2021 // Louisiana’s property insurer of last resort will raise personal property insurance rates by 2.3% this year, the state insurance department said.The increase is in line with current inflation rates and evidences...
Mar 11 2021 // While carriers face growing financial losses in Florida’s distressed property insurance market, insurance agents are on the front lines trying to help their clients who are being hit with double-digit rate increases,...