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Insuring the buildings and what is in them.
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Florida renters catch a break as nearly 122,000 policies get a 12.8% rate cut
2+ day, 8+ hour ago (416+ words) Current customers are likely to see the lower rates on different timelines. Florida renters squeezed by housing costs will soon get relief on one monthly bill. Florida Insurance Commissioner Mike Yaworsky has approved a sizable cut to renters insurance rates…...
Commercial premiums to decline further, Taylor Fry
3+ day, 11+ hour ago (75+ words) businessinsurance.com Commercial premiums to decline further, Taylor Fry Average written premiums in Australia could fall 11% for commercial property, 9% for public liability and 5% for professional indemnity and directors and officers insurance in the fiscal year starting Oct. 1, according to Australia-based…...
Businesses will be insured against the risks of repeated destruction: the state is ready to cover the first $10 million of losses
3+ day, 14+ hour ago (790+ words) For a Ukrainian entrepreneur today, it is not enough just to restore destroyed production. Even if the enterprise has resumed operations, the question remains: what if the next missile strike again destroys equipment, warehouse, or production building? And most importantly…...
Double-digit property reinsurance cuts expected in 2027: Moody’s
1+ week, 11+ hour ago (77+ words) businessinsurance.com Double-digit property reinsurance cuts expected in 2027: Moody’s About 38% of reinsurance buyers expect portfolio-wide property reinsurance prices to fall between 7% and 15% next year, while nearly a fifth expect declines of more than 15%, according to Moody’s Ratings, Reinsurance News reported....
Inflation, softer rates to may tamp insurers’ profits: Report
1+ week, 11+ hour ago (88+ words) businessinsurance.com Inflation, softer rates to may tamp insurers’ profits: Report Australia’s general insurance industry remains financially strong, but softer commercial lines rates, inflation and fewer reserve releases will weigh slightly more on profits this year, according to Australia-based Taylor…...
Data centres, AI and PFAS: MS Re's Butera on pricing the risks we can't yet see - Reinsurance News
1+ week, 13+ hour ago (1099+ words) 1st October 2026 - Author: Kane Wells - Ahead of the Insurance Leadership Forum, MS Reinsurance North America CUO Lisa Butera discusses maintaining underwriting discipline as property pricing softens, the accumulation potential of emerging exposures and where the reinsurer sees selective opportunities for growth…...
Banyan venture focuses on wildfire-exposed property risk
1+ week, 1+ day ago (157+ words) Specialty managing general agent Banyan Risk Ltd. on Wednesday launched Red Fox Risk Ltd., a specialist underwriting venture focused on wildfire-exposed property risk in the United States. Red Fox will operate under the Banyan Risk umbrella and will offer coverage…...
Flood insurance is vanishing where the water is rising fastest
1+ week, 1+ day ago (1208+ words) At the present moment, with factoring in a predicted super El Nini, roughly one in 12 US properties faces severe or extreme flood risk. Fewer than one in 40 has a federal flood insurance policy. For agents and brokers, the findings confirm…...
New California license lets utilities sell home protection contracts
1+ week, 2+ day ago (403+ words) Your next home protection contract might show up on your electricity bill. California Governor Gavin Newsom signed AB 1931 into law on September 27, 2026, creating something the state's Insurance Code has never had: a home protection contract limited lines agent license. Authored…...
Chubb must pay $30 million in coal silo collapse coverage fight
1+ week, 2+ day ago (224+ words) A federal jury in West Virginia says a Chubb unit must pay $30 million in a long-running insurance dispute over a collapsed coal silo, including $2.5 million for “aggravation and inconvenience.” The verdict in Ramaco Resources, LLC v. Federal Insurance Company, was…...