Best Read Property Headlines
Headlines from our Property Topic Page with the most time spent reading.
#1 Next Florida House Speaker Wants More Property Insurance Legislation, Deliberations
Sep 21 2023 // The next speaker of the Florida House of Representatives, set to take charge in 2025, said he hopes to see more legislation that could further address spiraling property insurance costs. “Do I believe we are done...
#2 New Florida Immigration Law Could Worsen Property Insurance Costs
Sep 14 2023 // If Florida insureds and insurers haven’t been pummeled enough by rising costs in recent years, they could soon see another factor that could hit them in the pocketbook. Florida’s tough new immigration law that...
#3 Property Leads Q1 Commercial Insurance Price Increases: WTW CLIPS
Jun 14 2023 // Commercial property insurance, with double-digit first quarter price increases, led other lines of businesses tracked by WTW’s Commercial Lines Pricing Survey (CLIPS). CLIPS found the aggregate price change for U.S....
#4 Barring Change, Allstate May Exit California Property Market Completely
Jul 25 2023 // The topic of a recent California insurance department workshop was the potential use of catastrophe modeling in ratemaking, but carrier representatives and consumers took the opportunity to air concerns about other...
#5 Commercial Property Premiums Up Over 20% to Start 2023: CIAB
May 18 2023 // Commercial property premiums increased more in the first quarter than they have in more than 20 years as the first three months of the year marked the 22nd straight quarter of overall premium increases, at 8.8%, according...
#6 NC Appeals Court: Trial Needed After Agent Failed to Disclose Pond on Property
Sep 6 2023 // A North Carolina insurance agent will have to return to court to determine if he or the client acted negligently by failing to disclose details about an insured’s property, the state’s Court of Appeals decided...
#7 Real Estate Titans Battle DeSantis Over China Property Crackdown
Dec 12 2023 // (Bloomberg) — Ron DeSantis rattled corporate America by making Walt Disney Co. a target of his conservative culture wars. Now, the Florida governor’s campaignto rid the state of Chinese influence is fueling a...
#8 Ravaged Fort Myers Becomes Magnet for Risk-Taking Property Buyers
Nov 1 2023 // A year after Hurricane Ian ripped through southwest Florida, wealthy risk-takers are transforming one beach town. In Fort Myers Beach, many of the middle-class cottages that once dotted the Estero Island town were wiped...
#9 Commercial Property Loans Are So Unappealing Banks Trying to Dump Them
Aug 8 2023 // Banks seeking to sell commercial-property loans are encountering a dried-up market with few options for an easy exit. Lenders including Goldman Sachs Group Inc. and JPMorgan Chase & Co. have been trying to sell debt...
#10 Report: Wildfire Fears at ‘All-Time High’ and Driving Insurer Decisions in Property Market
Jun 12 2023 // Despite a relatively average 2022 wildfire season, fears of wildfires remain at an “all-time high,” and those fears appear to be one driver of decision-making on property insurance. A new report from Gallagher...
#11 Connecticut Couple Can No Longer Bear Wild Animal Snapping Photos on Their Property
Jun 2 2023 // A Connecticut husband and wife claim in a lawsuit that a bear with a camera is violating their Fourth Amendment right to be free from unreasonable searches and seizures. They want the state to stop it. Mark and Carol...
#12 Judge Won’t Block Florida Law Banning Chinese Ownership of Property
Aug 18 2023 // (Reuters) – A U.S. judge in Florida on Thursday declined to block the state’s law barring citizens of China and other “countries of concern” from owning homes or land in the state. U.S. District...
#13 The Care and Feeding of Property-Catastrophe Models
Sep 7 2023 // Executive summary: The key to getting useful model results is working with models that fit specific underwriting needs and making sure the models are regularly updated while employing qualitative analysis (in addition to...
#14 Property Restoration Industry: A Culture in Need of Repair?
Apr 1 2024 // Jatiek Smith, a Bloods gang member convicted on extortion and racketeering charges in New York, blamed ruthless competition and a culture of violence in the fire restoration industry for the accusations made against him by...
#15 Colorado Legislature Convening to Address Skyrocketing Property Costs
Nov 14 2023 // Colorado Gov. Jared Polis hoisted a red baseball bat and smashed emergency glass in a silly demonstration for a very real crisis, Colorado homeowners are looking down the barrel of a potential 40% jump in property tax...
#16 Property Rates and Reality Checks
Oct 16 2023 // Property insurance carrier after property insurance carrier is exclaiming that they need 20% here and 15% there and 18% over there. Rates in many parts of the country are already bordering on unaffordable, however. Agents...
#17 People Moves: Sompo Int’l Taps Zurich’s Weiss as Head of Property & Energy, Continental Europe; Inigo Hires Aviation Specialist Harker From Marsh
Aug 28 2023 // This edition of International People Moves details appointments at Sompo International and Inigo Limited. A summary of these new hires follows here. Sompo Int’l Taps Zurich’s Weiss as Head of Property &...
#18 Global Insurance Prices Continue to Moderate in Q2 With Exception of Property: Marsh
Jul 31 2023 // Global commercial insurance pricing rose 3% in the second quarter of 2023, down from 4% in Q1, according to Marsh, which pointed to two notable trends during Q2: a moderation in cyber rates and continuing challenges in...
#19 NY Lawmakers Vow to Block Property Insurers from Asking About Subsidized Tenants
Aug 7 2023 // Three New York legislators said they plan on pushing bills next year that would bar property insurers from requesting information about subsidized housing, a practice that discriminates, an NYC news outlet reported. The...
#20 Tennessee Comptroller Wants More-Frequent Property Appraisals
Oct 5 2023 // Tennessee’s comptroller wants more-frequent property appraisals to keep up with rapidly escalating home prices, a move that could have an indirect impact on property insurance limits and premiums in the...
