Hurricane Ida Damage Depreciation Suit Tossed
A Louisiana federal court dismissed a proposed class action from two homeowners attacking the depreciation method GeoVera Specialty Insurance Co. used over their Hurricane Ida property damage claims, noting the homeowners previously sued the insurer over related claims and settled thereafter. Decision attached | Read full article » | Save to favorites » Hyundai, Kia Drivers Get Green […]
Property insurance rates to keep surging in 2023
Commercial property insurance buyers can expect further rate hikes this year due to a confluence of factors, with catastrophe-exposed and loss-hit accounts bearing the brunt of tightening capacity and increases of 25% and higher. A difficult Jan. 1 reinsurance renewal season, in which property insurers faced capacity limitations and significant rate hikes, has added uncertainty […]
Navigating the unpredictable: Key trends in catastrophe claims
How are adjusters responding to current challenges presented by natural catastrophe claims? As the frequency and severity of natural catastrophe (CAT) events increase, a new normal is transforming both the standard CAT season and the loss-adjusting industry. But what trends are impacting CAT claims, and how are adjusters responding? Catastrophe (CAT) seasons are increasingly complex to […]
US P&C market headed for a stronger 2024
Insights from Swiss Re’s latest sigma research suggest that 2023 will represent a transitional phase for US P&C industry profitability. The trajectory is expected to shift from a challenging 2022 to a more robust 2024, underpinned by improvements driven by higher premiums and increased interest rates. However, the industry has not yet experienced the inflection point […]
Can you ensure your major remodel project is a dream come true, rather than a nightmare waiting to happen?
October 20, 2023 – The home improvement industry is booming. In recent years, several factors have contributed to increased remodel activity. First, the COVID-19 pandemic caused many people to spend more time than ever in their homes, and remodeling to add workable office space or improve livability was suddenly more popular than ever. Pandemic costs […]
New report: Florida Property Insurance Premiums won’t drop
ORLANDO, Fla. — A new report shows a dooming outlook for Florida’s insurance crisis. Insurance premiums will likely not drop, and there’s little Florida lawmakers can do about it, according to a new report by Karen Clark and Co., a Boston-based risk assessment and management firm. This is because a Florida homeowner’s average insurance premium […]
Is Property And Casualty Insurance A Good Career Path? What To Know
If you are an outgoing self-starter with an eye for detail, working as an agent for a property and casualty insurer may be a good career path. Insurance sales agents help customers understand insurance coverage, sift through plans and find the right fit. Sales agents usually specialize in a certain type of insurance, such as […]
Multifamily insurance rates are up as much as 28% Or More.
The average year-over-year hike was 13.6% and was worse in some places. As GlobeSt.com has previously reported, higher financing costs are not the only fiscal strain on CRE in general and multifamily specifically. Operating expenses have risen sharply and are unlikely to recede with a receding inflation tide. Prices will stay up. That’s bad news for many operators because […]
The Leading Name in the p&C industry
Trust Skyscraper Insurance as your real estate insurance advisor Why Choose Skyscraper Insurance: Unmatched Expertise: Leaders in Real Estate Insurance Tailored Coverage: Customized Plans to Fit Your Property Portfolio Trusted by Professionals: Preferred Partner for Management and Investors Rapid Response: Quick Claims Processing and Outstanding Service Skyscraper Insurance is your ultimate partner for a wide […]
Skyscraper Insurance – Can Safeguard Your Nationwide Multi-Family Properties
How Skyscraper Insurance Agency Can Safeguard Your Nationwide Multi-Family Properties When it comes to multi-family properties, whether you own a small apartment complex or a sprawling residential community, ensuring the right insurance coverage is vital. Every property has its unique set of risks and needs, and that’s where Skyscraper Insurance Agency shines. With a nationwide […]