Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
Hard Commercial Property Market to Linger as Property Owners Take On More Risk
Apr 3 2023 // Today’s hard U.S. commercial property insurance market — one that is the longest and toughest seen during the careers of even the most seasoned industry veterans — is likely here to stay for a...
APCIA Says Property Insurance Market ‘Hardest in a Generation’
Mar 29 2023 // A combination of historic high inflation and a growing frequency of natural catastrophes is creating the hardest market in a generation for property insurance, the American Property and Casualty Insurance Association says...
Without Veto, Tougher Riot, Property Damage Penalties Become Law in North Carolina
Mar 21 2023 // Increased punishments for rioting in North Carolina will become law later this year as Democratic Gov. Roy Cooper announced on Friday he wouldn’t use his veto stamp on legislation that’s similar to a bill he...
First Cap Property Insurance Solutions Announces New Admitted Homeowners Program for California
Mar 15 2023 // First Cap Property Insurance Solutions is a San Diego, CA based MGU with a focus on niche property products. Our management and underwriting team have a long history of developing niche property programs for CA as far back...
Virginia County Judge Uses Slavery Law to Rule Frozen Embryos Are Property
Mar 13 2023 // Frozen human embryos can legally be considered property, or “chattel,” a Virginia judge has ruled, basing his decision in part on a 19th century law governing the treatment of slaves. The preliminary opinion by...
Iowa Bill Would Permit Firearms on Employer, School Property
Mar 3 2023 // Iowa lawmakers are considering legislation that would allow employees to carry firearms or ammunition onto employer’s property if the guns or ammunition are out of sight and locked in a vehicle. An employer, owner or...
Brown & Brown Won’t Get Change of Venue in Coverage Gap Lawsuit by Property Firm
Feb 8 2023 // Daytona Beach-based Brown & Brown Insurance, often called one of the largest and fastest-growing insurance brokerages in the United States, has lost a round in its legal battle with one of its largest clients, a...
People Moves: AGCS Taps Chaucer’s Graham for Marine Team; BHSI Names De Wilde Head of Property, Switzerland; HDI Global Specialty Promotes Spafford in Canada Branch
Feb 2 2023 // This edition of International People Moves details appointments at Allianz Global Corporate & Specialty (AGCS); Berkshire Hathaway Specialty Insurance (BHSI), and HDI Global Specialty. A summary of these new hires...
W.R. Berkley: Waiting for Discipline in Property; Overall Marketplace ‘Splintered’
Jan 30 2023 // There is no one answer to the overall insurance industry’s place within its cyclical path. Each product line needs to be looked at individually, according to Robert Berkley, CEO of W.R. Berkley Corp. “Once upon...
Markets/Coverages: kWh Analytics, Aspen Partner on Property for Renewables; Hub Starts People & Tech Consulting; DUAL New Fine Art Program
Jan 25 2023 // kWh Analytics, Aspen Partner on Property Insurance for Renewables kWh Analytics, a leader in climate insurance, announced the launch of property insurance for renewable energy assets with capacity partner Aspen Insurance....
MGA Arcadian Enters D&F Property Binding Agreement With Aviva for Worldwide Risks
Jan 23 2023 // Arcadian Risk Capital Ltd., a Bermuda-based managing general agent (MGA) and part of the “Class of 2020,” announced that it has entered into a direct and facultative (D&F) property binding arrangement with...
January Renewals See Hardest Property-Catastrophe Reinsurance Rates in a Generation
Jan 23 2023 // A convergence of global events has led to the hardest property catastrophe reinsurance market in a generation and a “complex,” “grueling” and “late” January renewal season, which went...
People Moves: Howden Italy Taps Aon’s Casini as CEO; BIBA Extends Evans’ Tenure as Chair; Sedgwick Promotes Simoncic to President, Property and International
Jan 12 2023 // This edition of International People Moves details appointments at Howden Italy, the British Insurance Brokers’ Association (BIBA), and Sedgwick. A summary of these new hires follows here. Howden Italy Taps...
Cat-Exposed Property Highlights Q4 Rate Increases: MarketScout
Jan 6 2023 // According to MarketScout’s Market Barometer, the fourth quarter 2022 composite rate for U.S. commercial lines of insurance was up 5.1%. The Dallas-based distribution and underwriting company said property insurance...
January Renewals See Hardest Property Catastrophe Reinsurance Rates in Generation
Jan 4 2023 // A convergence of global events has led to the hardest property-catastrophe reinsurance market in a generation and a “complex,” “grueling” and “late” January renewal season, which went...
People Moves: Sompo Int’l Taps Berkshire’s Crozier for UK Casualty; AXA XL Re Promotes Abend for Bermuda Property; Gallagher Re Names Senior Leaders in Holland
Dec 22 2022 // This edition of International People Moves details appointments at Sompo International, AXA XL Reinsurance and Gallagher Re. A summary of these new hires follows here. Sompo Int’l Taps Berkshire’s Crozier for...
UK MGA Pen Underwriting Launches Claims Hub Dedicated to Property, Liability
Dec 19 2022 // Pen Underwriting has launched a new regional claims hub in Chelmsford dedicated to managing commercial property and liability claims, which will complement its existing team of specialists in Manchester, England. As part...
Kinsale Acquires Property in Richmond
Dec 16 2022 // Specialty insurance business Kinsale Capital Group, Inc. announced that it has acquired real estate property adjacent to its current headquarters in Richmond, Virginia for $76.2 million, through a wholly owned...
MGA Pixel Re Launched for Global Property, Energy Risks of $500M and Above
Dec 5 2022 // Connect Underwriting Ltd., a London-based specialist reinsurance managing general agent, announced the availability of new capacity via Pixel Re, a new dedicated, monoline reinsurance vehicle for global property and...
People Moves: Liberty Mutual New Global Property Product Lead; Canopius Head of U.S. Actuarial; Dresner Takes Everspan CEO Role
Nov 29 2022 // Liberty Mutual Appoints Maria Grace to New Role of Global Product Leader, Property Liberty Mutual Insurance has appointed Maria Grace as global product leader, property, effective January 3, 2023. Grace will be responsible...
