All the headlines from our Property Topic Page, ordered by recency.
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,...
Aug 15 2023 // Catastrophe modeler Karen Clark & Company has issued new estimates showing the insured property losses from the Lahaina Fire in Hawaii to be around $3.2 billion.At least 99 people were killed in Maui’s wildfires,...
Aug 9 2023 // This edition of International People Moves details appointments at Xceedance, Chubb, and Howden.A summary of these new hires follows here. Xceedance Names Tiwari President, EMEA & APACXceedance, the Boston-based...
Aug 8 2023 // Banks seeking to sell commercial-property loans are encountering a dried-up market with few options for an easy exit.Lenders including Goldman Sachs Group Inc. and JPMorgan Chase & Co. have been trying to sell debt...
Aug 7 2023 // Three New York legislators said they plan on pushing bills next year that would bar property insurers from requesting information about subsidized housing, a practice that discriminates, an NYC news outlet reported.The...
Aug 4 2023 // NIP Group announced the nationwide expansion of its GrowPro insurance program.Originally designed to cater to hydroponic growers, greenhouse operators, nurseries, garden centers, and indoor vertical farm operations,...
Aug 1 2023 // WOODBRIDGE, NJ, August 1, 2023 – NIP Group, a renowned specialty insurance provider, is thrilled to announce the nationwide expansion of its highly successful GrowPro® insurance program. Originally designed to cater...
Jul 31 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...
Jul 27 2023 // American International Group said Christopher Schaper, currently CEO of AIG Re, has been named global chief underwriting officer of AIG, effective as of the closing of the previously announced sale of Validus Re to...
Jul 26 2023 // Embroker announced a partnership with password-management provider Dashlane and cyber insurer Cowbell to increase customer security and expand cyber liability coverage.“Through Cowbell and Dashlane, we are not only...
Jul 25 2023 // The topic of a recent California insurance department workshop was the potential use of catastrophe modeling in ratemaking, but carrier representatives and consumers took the opportunity to air concerns about other...
Jul 24 2023 // An Arkansas subcommittee last week approved Gov. Sarah Huckabee Sanders’ request for close to $11 million from the state’s restricted reserve fund to offset costs for school districts facing soaring property...