All the headlines from our Property Topic Page, ordered by recency.
Nov 23 2022 // Reinsurance rates for property catastrophe business should increase by well over 10% when contracts are renewed in January 2023, according to a commentary from Fitch RatingsFitch expects double-digit percentage premium...
Nov 17 2022 // This edition of International People Moves details appointments at Generali’s Global Corporate & Commercial, Berkshire Hathaway Specialty Insurance and Optio Group.A summary of these new hires follows here....
Nov 15 2022 // The global insurance brokerage and consulting firm, Arthur J. Gallagher & Co., has acquired a North Carolina-based intellectual property insurance firm.PIUS, or Patent Insurance Underwriting Services, is considered a...
Nov 10 2022 // This edition of International People Moves details appointments at Everest Re, RenRe and Lockton Re.A summary of these new hires follows here. Everest Re Names AXA XL’s Mann Head of Casualty, UK BranchEverest...
Nov 8 2022 // Powered by InsuranceJournal.tvAn increase in new markets, and better brand recognition and distribution from existing markets, has led to more competition in the insuring cannabis space. That’s a good for the...
Nov 4 2022 // This edition of International People Moves details appointments at Dale Underwriting Partners, Chubb and Argenta.A summary of these new hires follows here. Dale Underwriting Offers Marine Reinsurance With 2 Hires From MS...
Nov 3 2022 // Allstate Corp. said it recorded a third quarter net loss applicable to common shareholders of $694 million compared to net income of $508 million a year ago during the same time.Allstate’s Q3 combined ratio was an...
Nov 2 2022 // Florida is in the midst of a swirling storm with a property insurance market that has been described as in free fall.In late August, we marked the 30th anniversary of Category 5 Hurricane Andrew making landfall in South...
Oct 26 2022 // Property cat reinsurance: “More.”Professional liability insurance: Not so much. The president and chief executive officer of W.R. Berkley Corp., Robert Berkley, Jr., shared his company’s appetite for...
Oct 21 2022 // While the total impact of Hurricane Ian won’t be realized for some time, the effect on an “already stressed property market will be significant,” said John Q. Doyle, group president and COO of Marsh...
Oct 18 2022 // The South Carolina Department of Insurance has approved new, tentative rates for credit property insurance in the state. The allowed rates amount to a 9.1% decrease from 2021’s levels, acting Director Michael Wise...
Oct 17 2022 // Many states are facing a growing affordability and availability crisis in property insurance markets, and it’s not just because of climate change.While climate change is leading to more severe and frequent natural...
Oct 17 2022 // There’s no denying it — challenging times are coming for CAT property markets. Truthfully, they’re already here.As I type this article, Hurricane Ian (category 4) is hours away from a direct hit on...
Oct 12 2022 // European reinsurers will miss their earnings targets in 2022 – for the sixth year in a row – which is pressuring the industry to raise rates and continue improving the quality of their portfolios, according to a...
Oct 10 2022 // Many states are facing a growing affordability and availability crisis in property insurance markets, and it’s not just because of climate change.While climate change is leading to more severe and frequent natural...
Oct 6 2022 // This post is part of a series sponsored by CoreLogic.This January, CoreLogic is combining the power of property insurance and restoration to put on an event unlike any other. As the market’s premier gathering of...
Oct 5 2022 // Hurricane Ian is going to affect commercial and personal property rates “significantly” – not just in Florida, predicted MarketScout.The Dallas-based insurance distribution and underwriting company released...
Sep 28 2022 // Typhoon Noru made landfall in Vietnam early Wednesday morning, knocking out power for more than 500,000 households and causing flooding and property damage along the country’s central region.Noru’s eye struck...
Sep 26 2022 // A property management company owned by the family of former President Donald Trump’s son-in-law, Jared Kushner, has agreed to pay a $3.25 million civil penalty and restitution to settle a 2019 lawsuit in Maryland...
Sep 23 2022 // A judge has given tentative approval to a $54 million settlement involving 3M Co., a shoe manufacturer and property owners in western Michigan who said their land and wells were contaminated by toxic “forever...