As the SFR industry continues to grapple with rising costs and compressed margins, SES Risk Solutions and Latchel have partnered to create a unique program offering designed to curb the cost of property insurance for investors and property managers. The partnership leverages Latchel’s innovative emergency maintenance technology, the buying power of a property manager’s portfolio,… Continue reading SES Risk Solutions and Latchel Partner to Curb Rising Property Insurance Costs for SFR Property Managers and Landlords
Author: Farkas Laura
Beyond Severe Weather: Man-Made Crises Roiling P&C Insurance Market
Thirty years after Hurricane Andrew’s landfall in Florida, one of the nation’s costliest and most consequential natural disasters in history, the American Property Casualty Insurance Association (APCIA), the Reinsurance Association of America (RAA), the Association of Bermuda Insurers and Reinsurers (ABIR), and Robert Hartwig, PhD, CPCU published a joint paper, “It’s Not Just the Weather:… Continue reading Beyond Severe Weather: Man-Made Crises Roiling P&C Insurance Market
Home-Price Growth Decelerated in June
Home price increases slowed in June as mortgage rates rose, making homeownership less affordable. The S&P CoreLogic Case-Shiller National Home Price Index, which measures average home prices in major metropolitan areas across the country, rose 18% in the year to June, down from 19.9% the previous month. The housing market has cooled in recent months,… Continue reading Home-Price Growth Decelerated in June
Judge Says Sept. 11 Victims Not Entitled to Seize Afghan Central Bank Assets
A U.S. judge on Friday recommended that victims of the Sept. 11, 2001, attacks not be allowed to seize billions of dollars of assets belonging to Afghanistan’s central bank to satisfy court judgments they obtained against the Taliban. U.S. Magistrate Judge Sarah Netburn in Manhattan said Da Afghanistan Bank was immune from jurisdiction, and that… Continue reading Judge Says Sept. 11 Victims Not Entitled to Seize Afghan Central Bank Assets
Homeowners in California Could Continue to Lose Coverage
Judy Osborn learned she’d been dropped by her home insurance company almost a year to the day after evacuating during the devastating CZU Lightning Complex fires in August 2020. Her two-bedroom house in the Santa Cruz Mountains had become too risky to insure, according to her provider, and Osborn was forced to look for a… Continue reading Homeowners in California Could Continue to Lose Coverage
BTIS Announces Launch of New Cyber Insurance Marketplace with Cyber Provider At-Bay in 27 States
Carrier integration will provide full quoting & binding capabilities for over 1,000 business classes Builders & Tradesmen’s Insurance Services, Inc. (BTIS), an insurance intermediary focused on serving small businesses with end-to-end insurance solutions, is pleased to announce the launch of an all-new cyber insurance marketplace with cyber provider At-Bay, providing comprehensive coverage for an expanded… Continue reading BTIS Announces Launch of New Cyber Insurance Marketplace with Cyber Provider At-Bay in 27 States
Many Businesses Go without Cyber Insurance
According to new data published by the data privacy agent Incogni, a digital miscreant steals or copies data from at least 30 accounts every second of the day. Cybercriminals stole data from more than 2 billion online accounts in the last two years. Given this situation, one would think that cybersecurity insurance would be on… Continue reading Many Businesses Go without Cyber Insurance
SEC Modifies Whistleblower Program, Boosting Payouts
Responding to concerns raised by advocates, the Securities and Exchange Commission (SEC )voted Friday to lift a cap on whistleblower awards imposed during the Trump administration. The SEC’s change removes the Wall Street regulator’s ability to deny awards to tipsters who would otherwise be eligible for a payout from another agency. The vote reverses a… Continue reading SEC Modifies Whistleblower Program, Boosting Payouts
Meta’s Facebook Agrees to Settle Cambridge Analytica Suit
Meta Platforms Inc. has reached an agreement to settle a long-running lawsuit alleging that Facebook illegally shared user data with the research firm Cambridge Analytica. The preliminary settlement, revealed in a court filing late Friday, comes after it was revealed last month that Meta CEO Mark Zuckerberg would have to sit for up to six… Continue reading Meta’s Facebook Agrees to Settle Cambridge Analytica Suit
Reinsurance Rates to Rise in 2023: Fitch Ratings
Fitch Ratings analysts believe that reinsurance rates will continue to rise during the January 2023 renewals, even if there are no major catastrophe losses in the second half of the year. The agency notes that H1 global insured natural catastrophe losses were manageable for the insurance and reinsurance industry this year, at $34 billion, and… Continue reading Reinsurance Rates to Rise in 2023: Fitch Ratings