Latest Property Headlines

All the headlines from our Property Topic Page, ordered by recency.

How Will Economic Pressures Affect the Property/Casualty Industry?

Jun 5 2023 // How could the current economic environment affect workers’ compensation — and the property and casualty insurance industry overall – in 2023?That’s a question that insurance veteran Robert Hartwig...

Commercial Property Premiums Up Over 20% to Start 2023: CIAB

Jun 5 2023 // Commercial property premiums increased more in the first quarter of 2023 than they have in more than 20 years as the first three months of the year marked the 22nd straight quarter of overall premium increases, at 8.8%,...

Connecticut Couple Can No Longer Bear Wild Animal Snapping Photos on Their Property

Jun 2 2023 // A Connecticut husband and wife claim in a lawsuit that a bear with a camera is violating their Fourth Amendment right to be free from unreasonable searches and seizures. They want the state to stop it.Mark and Carol Brault...

People Moves: SiriusPoint Names Lopez as CTO, Succeeding Siry; IQUW Appoints MacDonald and Hennessey to Lead Property; Chaucer Promotes Tighe to Head of ESG

May 26 2023 // This edition of International People Moves details appointments at three re/insurers SiriusPoint, IQUW and Chaucer.A summary of these new hires follows here. SiriusPoint Names Lopez as CTO, Succeeding SirySiriusPoint Ltd.,...

Commercial Property Premiums Up Over 20% to Start 2023: CIAB

May 18 2023 // Commercial property premiums increased more in the first quarter than they have in more than 20 years as the first three months of the year marked the 22nd straight quarter of overall premium increases, at 8.8%, according...

Property Insurer SageSure Turns ‘Unicorn’ After $250M Funding Round

May 16 2023 // SageSure became a “unicorn” after the U.S. property insurer raised $250 million in its latest funding round, a source familiar with the matter told Reuters.A unicorn is a startup that is valued at or above $1...

Cyber Insurance Rate Hikes Moderate, While Property Prices Rise in Most Regions: Marsh

Apr 27 2023 // Average global cyber insurance prices continued to moderate in the first quarter, with average price increases of 11%, compared to 28% in Q4 2022, according to the Global Insurance Market Index published by insurance...

Canada’s Desjardins Is Seeking Property/Casualty Insurance Acquisitions

Apr 19 2023 // Canada’s Desjardins Group is seeking acquisitions in the property and casualty (P/C) insurance space as it seeks to boost its presence across the country, CEO Guy Cormier told Reuters on Tuesday.Cormier said the...

APCIA Says Property Insurance Market ‘Hardest in a Generation’

Apr 17 2023 // A combination of historic high inflation and a growing frequency of natural catastrophes is creating the hardest market in a generation for property insurance, the American Property and Casualty Insurance Association...

Are Commercial Property Insurance Companies Dinosaurs?

Apr 17 2023 // The vast majority of commercial property, i.e., assets, are no longer physical. The majority of commercial assets are intangible. In fact, the overwhelming majority of assets owned by insurance agencies are intangible....

Texas Property Management Company Pays $85K Over Harassment Suit

Apr 11 2023 // Alden Short and Hinson Jennings, a Dallas-based property management company, will pay $85,000 and furnish other relief to settle a national origin harassment lawsuit filed by the U.S. Equal Employment Opportunity...

Hard Commercial Property Market to Linger as Property Owners Take On More Risk

Apr 3 2023 // Today’s hard U.S. commercial property insurance market — one that is the longest and toughest seen during the careers of even the most seasoned industry veterans — is likely here to stay for a...

APCIA Says Property Insurance Market ‘Hardest in a Generation’

Mar 29 2023 // A combination of historic high inflation and a growing frequency of natural catastrophes is creating the hardest market in a generation for property insurance, the American Property and Casualty Insurance Association says...

Without Veto, Tougher Riot, Property Damage Penalties Become Law in North Carolina

Mar 21 2023 // Increased punishments for rioting in North Carolina will become law later this year as Democratic Gov. Roy Cooper announced on Friday he wouldn’t use his veto stamp on legislation that’s similar to a bill he...

First Cap Property Insurance Solutions Announces New Admitted Homeowners Program for California

Mar 15 2023 // First Cap Property Insurance Solutions is a San Diego, CA based MGU with a focus on niche property products. Our management and underwriting team have a long history of developing niche property programs for CA as far back...

Virginia County Judge Uses Slavery Law to Rule Frozen Embryos Are Property

Mar 13 2023 // Frozen human embryos can legally be considered property, or “chattel,” a Virginia judge has ruled, basing his decision in part on a 19th century law governing the treatment of slaves.The preliminary opinion by...

Iowa Bill Would Permit Firearms on Employer, School Property

Mar 3 2023 // Iowa lawmakers are considering legislation that would allow employees to carry firearms or ammunition onto employer’s property if the guns or ammunition are out of sight and locked in a vehicle.An employer, owner or...

Brown & Brown Won’t Get Change of Venue in Coverage Gap Lawsuit by Property Firm

Feb 8 2023 // Daytona Beach-based Brown & Brown Insurance, often called one of the largest and fastest-growing insurance brokerages in the United States, has lost a round in its legal battle with one of its largest clients, a...

People Moves: AGCS Taps Chaucer’s Graham for Marine Team; BHSI Names De Wilde Head of Property, Switzerland; HDI Global Specialty Promotes Spafford in Canada Branch

Feb 2 2023 // This edition of International People Moves details appointments at Allianz Global Corporate & Specialty (AGCS); Berkshire Hathaway Specialty Insurance (BHSI), and HDI Global Specialty.A summary of these new hires...

W.R. Berkley: Waiting for Discipline in Property; Overall Marketplace ‘Splintered’

Jan 30 2023 // There is no one answer to the overall insurance industry’s place within its cyclical path. Each product line needs to be looked at individually, according to Robert Berkley, CEO of W.R. Berkley Corp.“Once upon...