Browsing: property insurance

Governor Ron DeSantis is touting a stabilization of Florida’s property insurance market, citing a decrease in Citizens Property Insurance rates and other positive developments. However, some industry observers and consumer advocates express caution.

Axa SA Chief Executive Officer Thomas Buberl says that proactive measures to reduce the impact of climate-related disasters are necessary to keep property insurance affordable.

A Senate committee approved a proposal to revamp a state-operated property insurer, addressing concerns about insurance availability and affordability after recent devastating wildfires.

Specialty insurer Beazley Group has appointed Sara Foucher as Head of Commercial Property, Europe, signaling its expansion into the European market.

A new study reveals significant increases in homeowners insurance premiums, driven by climate-related risks and rising reinsurance costs.

AM Best’s commentary highlights the increasing challenges in California’s property insurance sector, driven by severe wildfires and insurer pullbacks.

The inland marine insurance market, which covers movable property, is stable despite challenges from cargo theft and cyber threats, according to industry experts.

Homeowners in South Florida are expecting some relief in property insurance premiums, although the decreases are small compared to recent increases.

A growing number of Florida homeowners are choosing to forgo property insurance, driven by high premiums and a troubled insurance market. This trend presents significant financial risks.

Rhode Island homeowners face rising premiums and limited insurance options due to climate-related risks and other factors, prompting state officials to advise proactive measures.