All the headlines from our Property Topic Page, ordered by recency.
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...
Sep 7 2023 // JM Wilson Promotes Bolhuis to Assistant Property & Casualty ManagerJM Wilson has promoted Kristin Bolhuis to assistant property & casualty manager in their Portage, Michigan office. Bolhuis’ responsibilities...
Sep 7 2023 // The American Property Casualty Insurance Association (APCIA) and the Reinsurance Association of American together presented testimony in Washington today on the state of of the property insurance market.The presentation,...
Sep 7 2023 // Executive summary: The key to getting useful model results is working with models that fit specific underwriting needs and making sure the models are regularly updated while employing qualitative analysis (in addition to...
Sep 6 2023 // A North Carolina insurance agent will have to return to court to determine if he or the client acted negligently by failing to disclose details about an insured’s property, the state’s Court of Appeals decided...
Aug 28 2023 // This edition of International People Moves details appointments at Sompo International and Inigo Limited.A summary of these new hires follows here. Sompo Int’l Taps Zurich’s Weiss as Head of Property &...
Aug 21 2023 // The National Association of Insurance Commissioners said at its Summer National Meeting that it plans to collect data from insurers in order to help insurance regulators better understand property markets, especially when...
Aug 21 2023 // Global commercial insurance pricing rose 3% in the second quarter of 2023, down from 4% in Q1, according to Marsh, which pointed to two notable trends during Q2: a moderation in cyber rates and continuing challenges in...
Aug 18 2023 // (Reuters) – A U.S. judge in Florida on Thursday declined to block the state’s law barring citizens of China and other “countries of concern” from owning homes or land in the state.U.S. District...
Aug 17 2023 // This edition of International People Moves details appointments at Gallagher Re, Dale Underwriting Partners and AXA XL.A summary of these new hires follows here. Gallagher Re Taps Posada from Howden to Lead LatAm,...