
Property

Flood insurance rare in flood-struck areas of Texas
National Flood Insurance Program counts about 600,000 policies in a state with 12.6 million housing units

LSM launches HNW product in Lloyd’s market
Carrier hires Chubb’s Faerestrand to spearhead launch of UK high-net-worth offering

New Zealand overhauls insurance contract law
Duty of disclosure in focus in the biggest change to the country’s insurance law in decades

Oak Re makes trio of underwriting appointments
Lloyd’s reinsurer promotes across property, specialty and credit insurance segments

US tariffs to slash global insurance premium growth, Swiss Re warns
Premium growth to fall to 2% this year, with US motor market expected to face claims costs pressure, reinsurer predicts

TSR downgrades north Atlantic hurricane forecast
Forecaster now expects seven hurricanes this year, down from eight in its May prediction

United Risk launches warranty and affinity platform in EU and UK
Applied Affinity Underwriters will target consumer insurance programmes in Europe

Chantal becomes season’s first named storm to make US landfall
Storm is expected to generate heavy rains across central North Carolina and south and central Virginia through July 7

NFIP’s rating model in Republican crosshairs
Insurers say Risk Rating 2.0 is boosting the private US flood market, but some Republican Senators have called for it to be abolished and for a return to a zone-based pricing model

Hawaii hurricane fund reactivated
Relief fund resumes operation with offering of excess commercial hurricane property cover

Australia weather losses top $1.8bn in H1
Ex-Tropical Cyclone Alfred accounted for $1.36bn of insured losses in the first half of the year

US Senate strikes out AI moratorium
Trump budget bill had initially banned state and local artificial intelligence laws and regulations
You must sign in to use this functionality
Authentication.SignIn.HeadSignInHeader
Email Article
All set! This article has been sent to my@email.address.
All fields are required. For multiple recipients, separate email addresses with a semicolon.
Please Note: Only individuals with an active subscription will be able to access the full article. All other readers will be directed to the abstract and would need to subscribe.