#1 New York Considers Making Property Insurers Cover Taxi Claims Losses

Dec 12 2024 // New York is considering asking property and casualty insurers to cover the claims of insolvent taxi insurer American Transit Insurance Co., according to people familiar with the plans.That measure is one of several options...

#2 International, Domestic Insurers Push Into Catastrophe-Hit US Property Markets

Dec 16 2024 // International and domestic insurers are pushing into the U.S. market for hard-to-protect homes, charging high premiums and enjoying strong profits after some U.S. firms pulled out.Rising losses from storms, hurricanes and...

#3 Loss-Free Property Cat Rates Fall 5%-15% as Reinsurer Appetite Grows: Guy Carpenter

Dec 30 2024 // Global reinsurers’ appetite rose for property catastrophe during the upcoming January renewals, which have seen risk-adjusted reinsurance rate reductions of 5%-15% for loss-free accounts, according to a renewal...

#4 Texas Property Management Companies Pay $55K in Disability Discrimination Suit

Dec 19 2024 // Texas property management companies Castle Hills Master Association Inc., Bright Realty LLC, Bright Industries LLC, and Bright Executive Services LLC will pay $55,000 and furnish other relief to settle a disability...

#5 Global Property Catastrophe Rates-on-Line Down 6.6% During Renewals: Guy Carpenter

Jan 6 2025 // Guy Carpenter reports that average global and regional property catastrophe rates-on-line decreased during the January 2025 renewals in amounts ranging from 5.3% to 7.2%.Guy Carpenter defines rate on line (ROL) as the cost...

#6 People Moves: Rokstone Taps Hogarth From Castel for Direct & Facultative Property Team; Arch Insurance Taps Laazaouzi From CNA Hardy as Senior Casualty U/W in France

Dec 16 2024 // This edition of International People Moves details appointments at the re/insurance MGA Rokstone and Arch Insurance.A summary of these new hires follows here. Rokstone Taps Hogarth From Castel for Direct & Facultative...

#7 Commercial Property Market Stabilizing, With Ample Capacity: USI

Jan 9 2025 // The commercial property market is showing signs of stabilization, and buyers with favorable risk profiles will see rate decreases or low-single-digit increases this year, according to USI Insurance Services’ 2025...