All the headlines from our Property Topic Page, ordered by recency.
Feb 19 2024 // The recent billionaire back-and-forth about diversity, equity and inclusion initiatives is a great opportunity to look at why we’re doing DEI, how we’re doing it — and how we can do it better.Bill Ackman...
Feb 19 2024 // Buyers of commercial property insurance are facing many challenges. Rates are rising, capacity is becoming scarce (particularly in catastrophe exposed zones), and large programs, often involving dozens of insurers, are...
Jan 26 2024 // Liberty Mutual Insurance Appoints John Krupczak to Lead Property for US EnergyLiberty Mutual Insurance announced the appointment of John Krupczak to the role of head of US Energy (Property), effective immediately. Part of...
Jan 22 2024 // Outgoing Louisiana Insurance Commissioner Jim Donelon said that two initiatives to address the state’s property insurance market are meeting expectations.Companies participating in the Insure Louisiana Incentive...
Jan 19 2024 // Brokerage Hub International announced Jan 18 that it is today the launch of the HUB Property Practice.Blake Giannisis, who recently joined Chicago-based HUB as executive vice president, will serve as North American...
Jan 16 2024 // A new USI Insurance Services report forecasts that in 2024, commercial property insurance rates “are expected to increase, but not at the same pace as seen in 2023.”“Our forecast calls for 5% to 15% rate...
Jan 8 2024 // The North Carolina Rate Bureau, basing its calculations on input from 197 property insurance companies, has asked for a 42% average increase in homeowners insurance rates, to take effect Aug. 1.The rate bureau’s...
Jan 8 2024 // This post is part of a series sponsored by IAT Insurance Group. U.S. coastal areas, particularly Gulf Coast states like Florida, Louisiana and Texas, have been hit hard in the past decade by climate change-related natural...
Jan 5 2024 // Rokstone, the London-based speciality re/insurance managing general agent, part of Aventum Group, announced a binder agreement with Munich Re Syndicate Ltd. (MRSL), to bolster the expansion of its international property...
Jan 4 2024 // While the reinsurance market indeed stabilized during the January 2024 reinsurance renewals (from the chaotic January renewals of last year), buyers with loss-affected programs experienced further upward pressure on...
Dec 13 2023 // Denali, a wholesale insurance specialist, announced that its Investor Property Program has grown to include student housing. The expansion of Denali’s package insurance for investor properties is well timed. Limited...
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...