Tag: Property Insurance

Florida's Affordability Crisis: Insurance and Housing Costs Drive Legislative Focus

Explore Florida's affordability crisis driven by rising property and auto insurance costs and declining homeownership, and the 2026 legislative agenda addressing these challenges.

Climate Change Drives Rising Property Insurance Costs and Declining Home Values

Climate change is increasing property insurance rates and lowering home values in risk-prone U.S. regions, impacting insurers, homeowners, and local governments financially.

Rising Home Insurance Costs in Wisconsin Linked to Disasters and Construction Expenses

Wisconsin home insurance premiums rose 55% from 2017 to 2024, driven by climate disasters and rising construction costs. Explore regulatory impacts and market trends.

Florida Citizens Property Insurance Board Approves 2.6% Residential Rate Reduction

Florida Citizens Property Insurance plans a 2.6% average residential rate cut for 2024, driven by 2022 litigation reforms and ongoing depopulation efforts to stabilize the insurance market.

Florida’s Citizens Property Insurance Proposes 2.6% Rate Cuts for 2026

Citizens Property Insurance recommends 2.6% average rate decrease for 2026 in Florida, driven by litigation reforms and depopulation efforts. Significant savings expected in South Florida.

The Hartford Analysis Highlights Key Small-Business Insurance Claim Trends and Costs

The Hartford study reveals rising water and fire insurance claims costs for U.S. small businesses, emphasizing proactive risk management and technology solutions to mitigate property and liability losses.

Branch Partners with ClaimTouch to Transform Personal Property Claims with AI

Branch Insurance teams with ClaimTouch Analytics to enhance personal property claims management with AI-driven analytics and automation, improving claims accuracy and customer experience.

California Appeals Court Limits FAIR Plan to First-Party Property Coverage

California's appeals court rules that the FAIR Plan must provide only first-party property insurance, excluding liability coverages, clarifying regulatory scope and preserving market structure.

Aon Appoints Richard Norman as Senior Broker in Property Reinsurance

Aon names Richard Norman as senior broker for its Reinsurance Solutions Global ReSpecialty Property Team starting 2026, focusing on commercial risk and volatile property reinsurance markets.

Chubb Appoints Aaron Shead EVP, Head of Property for International Operations

Chubb Limited promotes Aaron Shead to EVP, Head of Property for Overseas General Insurance, boosting leadership in global property, fire, energy, and terrorism insurance portfolios.