property insurance market News

APCIA, RAA Testify Before Senate Committee on Property Insurance Market

The American Property Casualty Insurance Association (APCIA) and the Reinsurance Association of American together presented testimony in Washington today on the state of of the property insurance market. The presentation, “Perspectives on Challenges in the Property Insurance Market and the …

Liberty Mutual Increases Per Risk Property Insurance Capacity to $800M

Liberty Mutual’s National Insurance Property unit has increased its per risk capacity to $800 million from $600 million to help property owners and their brokers better manage mid-size and large risks. According to Gregg Cunningham, general manager, National Insurance Property, …

PERILS Lowers Windstorm Niklas Insured Loss Estimate to $927 Million

PERILS, the independent Zurich-based organization that provides industry-wide catastrophe insurance data, has released its third loss estimate for windstorm Mike-Niklas, which, lowers the estimated property insurance market loss from €895 million ($1.0 billion] to €826 million [$927 million]. The announcement …