property coverage News

Reinsurers Cautious About US Regional Property Cat as Storm Losses Rise

After a costly 2023 severe convective storm season in the US, reinsurers underwriting in the regional property catastrophe market are skeptical about providing frequency cover, but their overall appetite remains healthy, according to Gallagher Re. Carriers are less willing to …

Pickleball Explosion in Florida Creating New Hits and Misses for Insurers, Agents

If the insurance industry hasn’t noticed, the sport known as pickleball is exploding across the country, especially in Florida, where more than 15 indoor clubs, replete with air conditioning, cafes, locker rooms, video training and other amenities are planned or …

AIG: Multinational Coverage Needed by Ultra High Net Worth Clients Who Average 9 Homes Abroad

Ultra high net worth (UHNW) clients in the U.S. tend to own multiple houses overseas, with North and South America the most popular locations for their foreign properties, according to a study of proprietary data by AIG Private Client Group, …