Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
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...
Markets/Coverages: kWh Analytics, Aspen Partner on Property for Renewables; Hub Starts People & Tech Consulting; DUAL New Fine Art Program
Jan 25 2023 // kWh Analytics, Aspen Partner on Property Insurance for Renewables kWh Analytics, a leader in climate insurance, announced the launch of property insurance for renewable energy assets with capacity partner Aspen Insurance....
MGA Arcadian Enters D&F Property Binding Agreement With Aviva for Worldwide Risks
Jan 23 2023 // Arcadian Risk Capital Ltd., a Bermuda-based managing general agent (MGA) and part of the “Class of 2020,” announced that it has entered into a direct and facultative (D&F) property binding arrangement with...
January Renewals See Hardest Property-Catastrophe Reinsurance Rates in a Generation
Jan 23 2023 // A convergence of global events has led to the hardest property catastrophe reinsurance market in a generation and a “complex,” “grueling” and “late” January renewal season, which went...
People Moves: Howden Italy Taps Aon’s Casini as CEO; BIBA Extends Evans’ Tenure as Chair; Sedgwick Promotes Simoncic to President, Property and International
Jan 12 2023 // This edition of International People Moves details appointments at Howden Italy, the British Insurance Brokers’ Association (BIBA), and Sedgwick. A summary of these new hires follows here. Howden Italy Taps...
Cat-Exposed Property Highlights Q4 Rate Increases: MarketScout
Jan 6 2023 // According to MarketScout’s Market Barometer, the fourth quarter 2022 composite rate for U.S. commercial lines of insurance was up 5.1%. The Dallas-based distribution and underwriting company said property insurance...
