All the headlines from our Property Topic Page, ordered by recency.
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,...
Feb 23 2021 // National wholesale broker CRC Group announced that Alex Bonds has joined the company as chief officer for Property Programs to lead CRC’s exclusive Insurisk brand’s property facility development. Bonds joins...
Feb 17 2021 // QBE North America has launched a new modular property form designed to give underwriters and brokers the ability to tailor a program for each individual customer. The QBE Custom Property product contains 33 additional...
Feb 16 2021 // Applied Underwriters’ affiliate, North American Casualty Co., has completed its acquisition of Oklahoma City-based Oklahoma Property and Casualty Insurance Co. (OP&C).Applied Underwriters plans to make various...
Feb 12 2021 // Florida property insurers are jacking up rates by double-digit percentages, blaming the hikes on lingering damage from past hurricanes, a wave of litigation, and a law that encourages lawyers to sue by allowing courts to...
Feb 10 2021 // The owners of a Minneapolis restaurant have filed the first lawsuit against the city over property damage caused by the civil unrest following the police killing of George Floyd.A federal lawsuit filed by owners of the...
Feb 8 2021 // Berkshire Hathaway Specialty Insurance (BHSI) announced that Tomas Blas has been promoted to head of Property, Spain.Blas, who has 17 years of industry experience, joined BHSI in 2019 as head of Technical Lines in Spain....
Feb 4 2021 // Approximately $11 billion of property catastrophe bond limit was placed in 2020, the highest on record, according to a new Aon report that projects the growth momentum will continue in 2021.While the year was a record for...
Jan 29 2021 // A Maine judge will hear arguments in a property boundary dispute that resulted in a Dover-Foxcroft garage being cut in half last year.Gabriel Brawn removed half of the building that he believed was on his land using a...
Jan 20 2021 // Louisiana Citizens Property Insurance Corp., the state-sponsored insurer of last resort, now in its 14th round of depopulation, continues to shed policies, according to the Louisiana Department of Insurance.The drop in...
Jan 20 2021 // Florida’s property insurance market is “spiraling towards collapse” and requires immediate attention if there is any chance of protecting the market, consumers, and ultimately, the state’s economy,...
Jan 15 2021 // Sompo International Holdings Ltd., a Bermuda-based specialty provider of property and casualty insurance and reinsurance, announced the appointment of Richard Brown to lead a new team focusing on property business through...