All the headlines from our Property Topic Page, ordered by recency.
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...
Jul 20 2023 // DOXA Insurance Holdings Adds New Team to Launch Property MGADOXA Insurance Holdings, headquartered in Fort Wayne, Ind., welcomed two new team members, Liz Coakley and Caitlin Murphy. Coakley and Murphy, senior-level...
Jul 14 2023 // Kin is expanding into Arizona, marking the digital insurer’s first move into the U.S. Southwest. Kin is a direct-to-consumer digital insurer focused on the growing homeowners insurance market. It is a licensed...
Jul 12 2023 // The credit ratings of global property insurers are coming under pressure as rising reinsurance costs force them to cut back on cover and retain more risks themselves, DBRS Morningstar analysts said in a research note on...
Jul 7 2023 // This edition of International People Moves details appointments at Swiss Re, BMS Re, and QBE Canada.A summary of these new hires follows here. Swiss Re Taps AGCS’s Shahkarami as Head P&C SolutionsSwiss Re has...
Jun 20 2023 // Insurance broker WTW has launched a new Property Rebuild Assessment Service, powered by Kroll’s Property Insurance Valuation Platform, to provide its clients with an accurate rebuild valuations report and advice.WTW...
Jun 19 2023 // Damaging winds and possible tornadoes toppled trees, damaged buildings and blew cars off a highway Wednesday as powerful storms crossed the South from Texas to Florida to Georgia late last week.The National Weather Service...
Jun 14 2023 // Commercial property insurance, with double-digit first quarter price increases, led other lines of businesses tracked by WTW’s Commercial Lines Pricing Survey (CLIPS).CLIPS found the aggregate price change for U.S....
Jun 12 2023 // Despite a relatively average 2022 wildfire season, fears of wildfires remain at an “all-time high,” and those fears appear to be one driver of decision-making on property insurance.A new report from Gallagher...
Jun 9 2023 // Valley Insurance Agency Alliance Hires Von Ruden as Personal Foundation CoachValley Insurance Agency Alliance (VIAA), headquartered in St. Louis, Missouri, recently hired Trish Von Ruden as personal foundation coach. Von...