Up to 10 Named Storms Forecasted During ‘Supercharged September’
Following a brief lull in tropical activity in the wake of Hurricane Ernesto, the conditions are now primed for a series of back-to-back storms over the next few weeks in the Atlantic.
Commercial Property
Reconstruction Costs Accelerated 5.2% Year-Over-Year
Both residential and commercial property saw total reconstruction costs increase from July 2023 to July 2024.
AN Radio: Preparing for the Storm and Flood Insurance Strategies
Brian Chapman, agent and owner of Chapman Insurance in Florida, sits down with Cassie Masone, vice president of flood operations at Selective Insurance.
Fannie Mae and Freddie Mac Postpone Updated Guidance for Property Insurance Coverage
The guidance was set to take effect on June 1 and would have required mortgagors to acquire replacement cost value coverage for their property, including roofs, deeming actual cash value unacceptable.
AN Radio: Building a Niche in Real Estate with Jonathan Lugo
Lugo shares his journey from intern to specializing in real estate insurance.
Senate Holds Hearing on Challenges in the Property Insurance Market
The hearing highlighted the recent property insurance market turmoil due to the major disasters in Florida, Georgia, the Carolinas, California, Hawaii and Vermont.
AN Radio: Challenges and Solutions When Insuring Multifamily Homes
Two experts discuss the multifamily housing market and the impact of the hard market on property & casualty insurance.
Commercial Property Insurance Prices Rise Again, Cyber Moderates
The aggregate price change for lines of U.S. commercial insurance was up 5.6% for the first quarter, compared to the 4.8% increase in the fourth quarter of 2022.
2023 Hurricane Risk Report: 33 Million Homes Under Threat
CoreLogic’s “2023 Hurricane Risk Report” provides a detailed look at what’s at stake for the U.S. as hurricane season commences.
State Farm Withdraws From California Homeowners, Commercial Property Market
State Farm cited the hard market and protecting the company’s bottom line as the reason for the withdrawal.
