All the headlines from our Property Topic Page, ordered by recency.
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...
Sep 20 2022 // This edition of International People Moves details appointments at Chubb Global Markets, the broker WTW and the property and specialty re/insurer IQUW.A summary of these new hires follows here. Chubb Global Markets...
Sep 13 2022 // Uncertain times are challenging for reinsurers. Claims may jump, and investment losses may dent profitability and possibly capital. However, uncertain times can also be good for reinsurers. Demand for reinsurance...
Sep 12 2022 // ATLANTA, Georgia, September 12, 2022 — Breckenridge Insurance welcomes Sam Frihart as a commercial property underwriter to its specialty property program team. Frihart has four years of underwriting experience on the...
Sep 12 2022 // Rising seas will engulf millions of homes, business and parcels of land, and will reshape coastlines, property lines and local tax bases around the Southeast in less than 40 years.And Florida, North Carolina, Louisiana and...
Aug 19 2022 // Allstate announced August 18 that Glenn Shapiro, president, Property-Liability, has decided to retire at the end of September. He joined Allstate as chief claims officer in 2016 and has held his current position since...
Aug 17 2022 // This edition of International People Moves details appointments at AXA XL and Chubb Global Markets.A summary of these new hires follows here. AXA XL Promotes Lahrmann as Senior Property Underwriter, UK &...
Aug 11 2022 // This edition of International People Moves details appointments at Berkshire Hathaway Specialty Insurance, Apollo Syndicate Management, and specialist MGA Aqueous Underwriting.A summary of these new hires follows here....
Aug 10 2022 // Tennessee regulators, who for years have touted the state as a comfortable home for captive insurance companies, have announced that the state government has created its own captive.The state is self-insured for property...
Aug 3 2022 // Beazley strengthens its North American Commercial Property offeringBeazley said it restructured its large commercial property division along with its Canadian and E&S property teams to create a single North American...