INSURASALES

Tag: property insurance

Japan's General Insurance Market to Reach $102.6B by 2030 Driven by Motor and Property Lines

Japan's general insurance market is forecasted to grow to $102.6 billion by 2030, driven by increased motor insurance demand, rising premiums, and regulatory factors enhancing property insurance.

FL Appeals Court Clarifies Replacement Cost Damage Claims in Property Insurance Breach

Florida appeals court rules on replacement cost versus actual cash value in property insurance breach cases, clarifying insurer obligations and policyholder remedies under homeowner policies.

Praxis Reciprocal Exchange Launches as Florida-Based Reciprocal Property Insurer

Praxis Reciprocal Exchange secures regulatory approval to operate as a reciprocal property insurer in Florida, prioritizing policyholder interests and market stability.

Advanced Technologies Transform Wildfire Risk Management in U.S. Insurance

Explore how AI-driven risk models, geospatial analytics, and advanced technologies are reshaping wildfire risk management and insurance coverage in the U.S. market.

Florida Mandates Flood Insurance for Citizens Property Policyholders by 2027

Florida's Citizens Property Insurance mandates flood insurance for most policyholders by 2027, affecting over half a million homeowners and shifting market dynamics.

Florida Property Insurance Reforms Face Challenges Amid Rising Claim Denials

Florida's 2022 property insurance reforms have not reduced claim denials or lawsuits, leaving homeowners with higher costs. Regulatory fines and ongoing investigations target insurers' compliance amid rising hurricane-related claims.

Arkansas Launches State Captive Insurance Program for Schools in 2025

Arkansas to implement the State Captive Insurance Program (SCIP) in 2025, centralizing property and casualty insurance for schools and state-owned properties to enhance risk management and cost efficiency.

Florida Insurance Reforms Attract New Property Carriers, Lower Rates in 2024

Florida's recent insurance reforms drive new property insurers into the market, lowering homeowners and auto insurance rates and reducing litigation.

Verisk Reports $152B Global Annual Property Loss from Natural Catastrophes in 2025

Verisk's 2025 report reveals global insured property losses from natural catastrophes have risen to $152B annually, driven by frequent severe events. Insurers must adjust risk models and strategies to manage growing catastrophe exposures effectively.

New York Eyes Annual Insurance Reporting for Multifamily and Nonprofit Housing

New York Assembly Bill A09016 proposes annual reporting on property and liability insurance for multifamily and nonprofit housing to enhance market transparency and inform regulatory oversight.