Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
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...
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...
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...
Study: A Meter of Sea Rise Could Impact $1 Trillion in Property on Southeast Coast
Dec 10 2024 // A meter of sea level rise by 2100 would affect more than 14 million people and $1 trillion worth of property along the Southeast Atlantic coast, a new study shows. A recent study published in the journal Nature Climate...
3 Reasons for Property Insurance Professionals to Attend INTRConnect 2025
Dec 6 2024 // This post is part of a series sponsored by CoreLogic. Update: Due to the ongoing wildfires in Southern California, CoreLogic has made the decision to postpone INTRConnect 2025. The event will now be held Sunday, March 23...
China Aims to Boost Foreign Investment in Property Insurance Market
Dec 6 2024 // China’s financial regulator unveiled a plan on Friday to enhance supervision and support the development of the property insurance industry, according to a statement. The country will support qualified foreign...
New Florida Legislative Leaders Talk Tough on Property Insurance, But No Specific Plans
Nov 20 2024 // Florida’s newest legislative leaders on Tuesday rattled some sabers about property insurance rates and claims but offered no agenda for the upcoming session that begins in March, according to state news...
Markets/Coverages: MGA Rokstone Inks 3-Year Direct & Fac Property Deal With Aviva
Oct 23 2024 // Rokstone, the London-based speciality re/insurance MGA that is part of the Aventum Group, has announced a three-year binding authority agreement with Aviva for its direct & facultative (D&F) property portfolio. The...
Markets/Coverages: Price Forbes Re Taps Gallagher Re’s Cole as Head of Financial Lines; BHSI Names Aon’s Pache for PI/Cyber Team, DACH Region, Schumacher as Property U/W
Oct 8 2024 // This edition of International People Moves details appointments at Price Forbes Re and Berkshire Hathaway Specialty Insurance (BHSI). A summary of these new hires follows here. Price Forbes Re Names Gallagher Re’s...
Property/Casualty Insurance Stocks Slump on Hurricane Milton-Related Fears
Oct 8 2024 // U.S. property and casualty insurance stocks tanked on Monday after Hurricane Milton intensified into a category 4 storm on its path towards Florida’s western coast, marking yet another costly disaster for the...
Commercial Property Rate Stabilization Highlights Latest WTW CLIPS
Oct 7 2024 // Broker WTW said commercial lines insurance rates increased overall by an average of 5.9% during the second quarter of 2024. Quarterly price increases have been around 6% since the end of the global pandemic, WTW reported...
People Moves: AXA XL Promotes Flanagan to Lead P&C Bermuda; Intangic Names Cryer as Dir. of Client Solutions; Dale Names Daniel Head of Global Property Reinsurance
Sep 27 2024 // This edition of International People Moves details appointments at AXA XL Bermuda, the tech risk platform Intangic, and the Lloyd’s insurer Dale Underwriting Partners. A summary of these new hires follows here. AXA...
People Moves: Price Forbes Re Taps Howden’s Waterhouse as Head of Property Fac; AXA XL Appoints Underwriters and Claims Adjusters for UK Cyber Team
Sep 25 2024 // This edition of International People Moves details appointments at Price Forbes Re and AXA XL. A summary of these new hires follows here. Price Forbes Re Taps Howden’s Waterhouse as Head of Property Fac Price Forbes...
Maine Considers Public Flood Insurance Option for Municipalities, Property Owners
Sep 18 2024 // State leaders tasked with reviewing Maine’s preparations and responses to climate change-fueled natural disasters are at a crossroads. While Maine has seen seven federal disaster declarations for severe storms and...
US Property Insurance Rates Fall for First Time Since 2017
Sep 17 2024 // US property insurance rates are decreasing for the first time in almost seven years, after insurers returned to profitability amid lower losses tied to catastrophes. The average US property insurance rate decreased 0.94%...
Senator, Congresswoman Warn of Property Crisis as Climate Change Grips Florida
Sep 16 2024 // Florida and much of the country face a real estate crash unless government officials deal with climate change, members of Congress said at a roundtable discussion Saturday in St. Petersburg. U.S. Sen. Sheldon Whitehouse,...
People Moves: JM Wilson Hires Musolf and Hudson as Assistant Property & Casualty Underwriters; Group Captive Program Leader Albian Joins Ryan Alternative Risk
Sep 12 2024 // Savana Musolf JM Wilson, headquartered in Portage, Michigan, hired Savana Musolf and Lisa Hudson as assistant property and casualty underwriters. Lisa Hudson Musolf works with independent insurance agents and company...
Property Drives E&S Growth of 15% in 2023 to Increase Overall P/C Share
Sep 12 2024 // For the sixth straight year, U.S. excess and surplus insurers in 2023 saw double-digit growth in direct written premiums. E&S direct written premiums (DWP) grew 15% last year to increase its share of the total...
Study Stirs Debate on Real Impact of Litigation, Fraud on Property Insurance
Sep 12 2024 // An academic paper published in the Journal of Insurance Regulation seems to have rekindled the debate over how much of an impact litigation and fraud have had on property insurance losses and premiums, particularly in...
Commercial Property Rate Stabilization Highlights Latest WTW CLIPS
Sep 10 2024 // Broker WTW said commercial lines insurance rates increased overall by an average of 5.9% during the second quarter. Quarterly price increases have been around 6% since the end of the global pandemic, WTW reported in its...
