condo insurance News

Safeco to Stop Writing New Condo and Renter Policies in California

It appears another insurance carrier is turning sour on wildfire-prone California. Safeco, a Liberty subsidiary, is preparing to stop writing new condo and rental policies in California at the beginning of next year. Liberty stopped writing new condo or rental …

Emerald Bay Launches Co-Op and Condo Casualty Program with Vanderbilt Properties

Underwriting carrier Emerald Bay Risk Solutions announced a partnership with Vanderbilt Properties Associates, Inc., a risk purchasing group comprising a large portfolio of high-end residential and commercial real estate properties as its members, to launch its inaugural casualty program. The …

High Condo Premiums a Top Issue in Hawaii Legislative Races

Jillian Anderson was planning to make fighting crime in Waikiki the top issue in her campaign for a seat in the Hawaii House of Representatives. Then came the letter from her condo association announcing a 300% increase in insurance premiums, …

Despite Insurance Costs, Lux Condos Going Up: Miami Tower to Have $150M Penthouse

(Bloomberg) — A roughly 13,000-square-foot, full-floor penthouse and roof at the Rosewood Residences, a 17-story condo tower designed by Peter Marino in Miami’s South Beach, could soon be the most expensive in Miami Beach’s history. It’s priced at “over $150 …

Ohio’s Branch to Launch Condo Insurance

Branch, a full-stack insurance company, announced it has launched condo insurance, expanding its list of instantly bindable products. Condo joins Branch’s existing arsenal of home, auto, renters, and umbrella insurance, and will be rolled out across Branch’s available states in …

6 Answers to the Problem of Old Buildings

So far since the Champlain Tower collapse in July 2021, two other condominium buildings have been inspected, failed, and evacuated (Crestview Towers and Bayview 60) in Miami, Florida. In the meantime, the Florida legislature failed to take definitive action to …

Finding the Missing Pieces in the Condo Insurance Coverage Puzzle

Have you ever watched someone try to finish a jigsaw puzzle with pieces missing? There are still a few hundred pieces to place, but there is one open space in the middle of a grove of trees that beckons to …

Insurtech Lemonade Opens Its Sales Platform for All to Use

Lemonade announced Tuesday that it launched a public API (application programming interface), allowing anyone to seamlessly offer Lemonade policies through their apps or websites. The insurtech home insurer announced: “Today, we’re thrilled to announce that we’re opening up the Lemonade …