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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...
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