The Los Angeles, California wildfires are a tail event for the peril and will demonstrate the continued and growing relevance of reinsurance, according to RenaissanceRe CEO Kevin O’Donnell, who also explained today that “most of our US property catastrophe programs are loss impacted.”The RenaissanceRe CEO further states that with the scale of the loss impact … Read more
Picture this: you own a property, pay your insurance premiums diligently, and sleep soundly knowing your building is covered. But what if I told you that 76% of UK properties are underinsured? That’s more than three-quarters of buildings potentially leaving their owners in for a rude awakening should disaster strike. Despite recent improvements, this figure … Read more
Selling a property can be a strategic move, especially if you’re aiming to liquefy an asset and realise the capital gains since you purchased it. But one question looms large: how long does it take to sell a property in the UK, from listing to completion? This timeline is crucial for landlords planning budgets and … Read more
The Louisiana Citizens Property Insurance Corporation (Louisiana Citizens) Board of Directors voted last week to end the 1.36% assessment it makes on all residential and commercial property insurance policies in the state in April of this year. The assessment, which goes toward paying off bonds for debt Louisiana Citizens incurred from claims for hurricanes Katrina … Read more
Texas property management companies Castle Hills Master Association Inc., Bright Realty LLC, Bright Industries LLC, and Bright Executive Services LLC will pay $55,000 and furnish other relief to settle a disability discrimination lawsuit filed by the U.S. Equal Employment Opportunity Commission (EEOC). According to the suit, the companies terminated a pregnant resident coordinator who was … Read more
