Tag: Property Insurance

Michigan Homeowners Urged to Complete Seasonal Maintenance to Avoid Winter Damage

Michigan homeowners face increased risk of winter damage from burst pipes, roof leaks, and power outages. Completing seasonal maintenance helps prevent costly repairs and insurance claims.

Georgia Doubles Notice Period for Homeowners Insurance Cancellations

Georgia lawmakers extend homeowner insurance cancellation notices from 30 to 60 days and introduce catastrophe savings accounts with tax benefits to improve financial resilience and market stability.

Hamilton Re Appoints Dwayne Hunt as Head of Property Insurance

Hamilton Insurance Group names Dwayne Hunt as SVP and Head of Property Insurance at Hamilton Re, succeeding Gavin Davis, reflecting strategic leadership in global reinsurance.

Arkansas Insurance Commissioner Focuses on Consumer Protection and Market Stability

Arkansas Insurance Commissioner Jimmy Harris prioritizes consumer protection, market stability, and modernization of insurance regulation amid rising property insurance challenges from severe weather.

High-Value Items May Lack Full Coverage in Standard Holiday Insurance Policies

Standard homeowners and renters insurance might not fully cover high-value items during the holidays, highlighting the need for scheduled personal property endorsements or specialized policies.

Florida Property Insurance Market Strengthens Post-2022 Reforms

ALIRT's 2025 update highlights substantial improvement in Florida's domestic property insurance market following 2022 legislative reforms, with increased insurer participation and strengthened market fundamentals.

N.J. Senate Advances Task Force on Climate Change Impacts in Property Insurance

New Jersey Senate advances legislation for a task force to study and address climate change impacts on property insurance, focusing on risk, affordability, and market stability.

SiriusPoint Forecasts Divergent Market Trends in 2026 Reinsurance Renewals

SiriusPoint anticipates competitive property reinsurance rates and variable specialty pricing in 2026 renewals, with US casualty showing diverse reinsurer stance amid shifting market conditions and increased capacity.

Acrisure Acquires Catastrophe-Focused MGA Vave from Canopius

Acrisure expands its U.S. insurance brokerage capabilities by acquiring Vave, a managing general agent specializing in catastrophe-exposed excess and surplus property risks. This strategic acquisition enhances market presence and expertise in the catastrophe risk segment.

Appellate Court Orders New Trial in Property Insurance Dispute Over Juror Bias

The Fourth District Court of Appeal reverses property damage verdict citing juror bias in dispute with Universal Property & Casualty Insurance Co., ordering a new trial.