Property - North America

News, insights and thought leadership for re/insurance professionals with an interest in North American property.

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UK-based parametric insurance company readies for US market launch

FloodFlash is already quoting for policies with minimum premiums of $100,000, and then plans to roll out its small business products in the U.S. later in 2022...

Article / 2 months ago

Count of Florida-based insurers in post-Demotech-warning deals grows to 4

Fallout from Demotech's cautionary statements regarding potential downgrades to financial stability ratings for some Florida-focused property insurers...

Article / 2 years ago

Nationwide, State Auto turn to insurtech partnerships for digital transformation

Through investments in and partnerships with existing insurtechs, Nationwide and State Auto have undergone major shifts in how they leverage technology...

Article / 3 years ago

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Florida insurance regulator sets 2022 rates for Citizens Property Insurance...

Effective date for new and renewal rates is September 01, 2022...

Florida’s Citizens Insurance Could Spend $100M on Defense Legal Fees This Y...

Citizens Property Insurance Corp. could spend $100 million this year on attorneys who defend claims litig...

Extreme Fraud and Litigation Causing Florida’s Homeowners Insurance Market’...

With its overabundance of unneeded new roofs on homes, and flashy lawyer billboards at every turn claimin...

Florida judge finalizes settlement for victims of Surfside condo collapse -...

A Florida judge approved a $1.2 billion settlement for the victims of a condominium collapse that killed ...

Reflections on the Impacts of Rising Claim Payouts in Recent Hurricanes

As another North Atlantic hurricane season begins, I can’t help but reminisce about some of the storms th...

Flooding and droughts forecast to cost cities $194bn annually

Climate-related flooding and droughts are likely to impact millions more people and cost the world’s majo...

Yellowstone's historic flooding is an insurance nightmare - CSIMT

In the counties most devastated by this week’s historic flooding in and around Yellowstone National Park,...

Lightning Spark More Than $1 Billion in Homeowners Claims Over Five Years -...

More than $1 billion in lightning-caused U.S. homeowners insurance claims were paid out in 2021 to 60,000...

How to Lower Home Insurance Premiums and Wildfire Risks - Bloomberg

A new standard — already being adopted by one burned-out California town — will designate homes as “wildf...