All the headlines from our Property Topic Page, ordered by recency.
Dec 12 2023 // (Bloomberg) — Ron DeSantis rattled corporate America by making Walt Disney Co. a target of his conservative culture wars. Now, the Florida governor’s campaignto rid the state of Chinese influence is fueling a...
Dec 11 2023 // Some South Korean financial institutions may be at risk if bets on overseas property sour, the regulator warned, emphasizing that the likelihood of systemic stress is low.“For companies with large overseas real...
Dec 7 2023 // Insurers grappling with the rising risk of physical attacks on businesses due to war or civil disorder are reconsidering the breadth and scope of such cover in potential conflict hot spots.Political violence cover, which...
Dec 6 2023 // Persistently strong underwriting performance during and after the global pandemic – despite substantial economic and capital markets volatility – has prompted AM Best to maintain its “stable” outlook for...
Nov 22 2023 // After a costly 2023 severe convective storm season in the US, reinsurers underwriting in the regional property catastrophe market are skeptical about providing frequency cover, but their overall appetite remains healthy,...
Nov 20 2023 // Roshan Navagamuwa joins American International Group, Inc. (AIG) in December as executive vice president and chief information officer, effective January 1, 2024. AIG is headquartered in New York, N.Y.Navagamuwa joins AIG...
Nov 14 2023 // Colorado Gov. Jared Polis hoisted a red baseball bat and smashed emergency glass in a silly demonstration for a very real crisis, Colorado homeowners are looking down the barrel of a potential 40% jump in property tax...
Nov 9 2023 // This post is part of a series sponsored by AgentSync.Insights from NAMIC’s compliance webinar presented by AgentSync Solutions Architect Sandy Allen Did you know there were more than 250 changes to insurance...
Nov 7 2023 // Honeycomb Insurance, a which says its technology eliminates the need for physical property inspections, has won regulator approval to write policies in Virginia. The company, which began operating in 2021, writes in 15...
Nov 3 2023 // This edition of International People Moves details appointments at Aspen Insurance Holdings and CNA Hardy.A summary of these new hires follows here. Aspen Taps SiriusPoint’s Mardon as Global Head of Property...
Nov 1 2023 // A year after Hurricane Ian ripped through southwest Florida, wealthy risk-takers are transforming one beach town.In Fort Myers Beach, many of the middle-class cottages that once dotted the Estero Island town were wiped off...
Oct 17 2023 // The number of soured commercial real estate loans has begun to rise in the UK as the rapid increase in interest rates feeds through to property valuations.The overall default rate on UK commercial real estate debt reached...
Oct 16 2023 // Property insurance carrier after property insurance carrier is exclaiming that they need 20% here and 15% there and 18% over there. Rates in many parts of the country are already bordering on unaffordable, however. Agents...
Oct 5 2023 // Tennessee’s comptroller wants more-frequent property appraisals to keep up with rapidly escalating home prices, a move that could have an indirect impact on property insurance limits and premiums in the...
Oct 3 2023 // This edition of International People Moves details appointments at Lockton Europe and Sompo InternationalA summary of these new hires follows here. Lockton Europe Taps WTW’s Rowley as Head of North American...
Sep 25 2023 // iprism, the London-based construction, property, commercial and high-net-worth MGA, announced the acquisition of property-focused MGA, SK Underwriting Ltd. for an undisclosed amount.Kent, England-based SK Underwriting was...
Sep 21 2023 // The next speaker of the Florida House of Representatives, set to take charge in 2025, said he hopes to see more legislation that could further address spiraling property insurance costs.“Do I believe we are done with...
Sep 18 2023 // Authorities detained some staff of the money management business of China Evergrande Group, a sign that the saga around the defaulted developer at the heart of the nation’s property crisis has entered a new phase...
Sep 14 2023 // If Florida insureds and insurers haven’t been pummeled enough by rising costs in recent years, they could soon see another factor that could hit them in the pocketbook.Florida’s tough new immigration law that...
Sep 12 2023 // DETROIT (AP) – Property owners seeking to hold the state of Michigan responsible for the disastrous failure of a dam in 2020 have won a critical ruling from an appeals court.The court said claims of “inverse...