Property insurance

Loggerhead Insurance, Powered by Socotra, Brings Much-Needed Capacity to Florida Homeowners Market

Retrieved on: 
Wednesday, January 3, 2024
Apps, Applications, Technology, Insurance, Construction & Property, Fintech, Professional Services, Software, Data Management, Residential Building & Real Estate, Growth, Policy, Empathy, Partnership, Climate change, Loggerhead, Property insurance

So we gathered a knowledgeable team of Florida insurance experts to transform the way Floridians experience insurance,” said Todd Dixon, Co-Founder of Loggerhead Insurance.

Key Points: 
  • So we gathered a knowledgeable team of Florida insurance experts to transform the way Floridians experience insurance,” said Todd Dixon, Co-Founder of Loggerhead Insurance.
  • “Loggerhead is powered by modern technology, led by people who share a commitment to trust, empathy, and always doing what’s right.
  • “What Loggerhead has done to fill the coverage gap in Florida is commendable, and this step represents a significant inroad in their journey towards ever-greater coverage in the state.
  • The insurer plans to send their policy offers in early 2024 with policies taking effect from May 2024 onwards.

Lightspeed to Participate in Upcoming Investor Conferences

Retrieved on: 
Friday, November 17, 2023
POS, Speed of light, Growth, NYSE, TSX, Video game, Property insurance

MONTREAL, Nov. 17, 2023 (GLOBE NEWSWIRE) -- Lightspeed Commerce Inc. (NYSE | TSX: LSPD), today announced its participation in two investor conferences.

Key Points: 
  • MONTREAL, Nov. 17, 2023 (GLOBE NEWSWIRE) -- Lightspeed Commerce Inc. (NYSE | TSX: LSPD), today announced its participation in two investor conferences.
  • Powering the world’s best businesses, Lightspeed is the unified POS and payments platform for ambitious entrepreneurs to accelerate growth, provide the best customer experiences and become a go-to destination in their space.
  • Details for the events are as follows:

Lightspeed to Participate in Upcoming Investor Conferences

Retrieved on: 
Friday, November 17, 2023
POS, Speed of light, Growth, NYSE, TSX, Video game, Property insurance

MONTREAL, Nov. 17, 2023 (GLOBE NEWSWIRE) -- Lightspeed Commerce Inc. (NYSE | TSX: LSPD), today announced its participation in two investor conferences.

Key Points: 
  • MONTREAL, Nov. 17, 2023 (GLOBE NEWSWIRE) -- Lightspeed Commerce Inc. (NYSE | TSX: LSPD), today announced its participation in two investor conferences.
  • Powering the world’s best businesses, Lightspeed is the unified POS and payments platform for ambitious entrepreneurs to accelerate growth, provide the best customer experiences and become a go-to destination in their space.
  • Details for the events are as follows:

Insurers’ Efforts to Improve Profitability Drive Auto and Property Insurance Shopping

Retrieved on: 
Tuesday, November 14, 2023
Insurance Information Institute, Fraud, Pressure, Research, NYSE, Insurance, J.D. Power, Strategic planning, Policy, TRU, Property insurance, Risk management

Auto and property insurance shopping rates were flat compared to Q2 2023 but elevated 12% and 6%, respectively, compared to Q3 2022.

Key Points: 
  • Auto and property insurance shopping rates were flat compared to Q2 2023 but elevated 12% and 6%, respectively, compared to Q3 2022.
  • The search for lower insurance premiums remains a primary driver of auto insurance shopping.
  • The Insurance Information Institute forecasted auto insurance premium growth of 10.4% in 2023—double the 5% premium growth from the previous year.
  • “These efforts have likely motivated consumers to expand their shopping activity with new insurers.”
    New vehicle sales were also a contributing factor.

Upfort and Arch Insurance Partner to Expand Access to Cyber Insurance

Retrieved on: 
Tuesday, December 12, 2023
Security, Professional Services, Small Business, Technology, Insurance, Policy, Organization, Arch, SME, Partnership, Property insurance, Risk management

Upfort , a cutting-edge cyber security and insurance platform, and Arch Insurance (Arch), a global provider of specialty risk insurance solutions and leading cyber insurance underwriter, today announced a strategic partnership to transform cyber insurance programs for small and medium-sized enterprises (SMEs), associations and risk pools.

Key Points: 
  • Upfort , a cutting-edge cyber security and insurance platform, and Arch Insurance (Arch), a global provider of specialty risk insurance solutions and leading cyber insurance underwriter, today announced a strategic partnership to transform cyber insurance programs for small and medium-sized enterprises (SMEs), associations and risk pools.
  • With cyber insurance premiums expected to grow by 20 percent year-over-year until 2025 , more market segments need to access coverage to protect against evolving cyber risks.
  • “We’re excited to join forces with Arch Insurance to revolutionize how cyber insurance is bought and sold,” said Josh Riley , Managing Director of Upfort.
  • “At Arch Insurance, we’ve been thoughtfully growing our cyber brand to meet the needs of our customer base,” said Jamie Schibuk , Executive Vice President, Professional Liability and Cyber at Arch Insurance.

AM Best Affirms Credit Ratings of Chubb Limited and Its Subsidiaries

Retrieved on: 
Thursday, December 7, 2023
Banking, Professional Services, Insurance, Finance, Acquisition, Risk management, ERM, Life, Long-Term Capital Management, News, FSR, ALL, ACE, Combined Insurance, Fortune 1000, Combined, Risk, Chubb Limited, Credit, Trauma, NYSE, Huatai Securities, AM Best, Superior, Environment, Property insurance, Reinsurance

Concurrently AM Best has affirmed the FSR of A (Excellent) and the Long-Term ICR of “a+” (Excellent) of Chubb Life Insurance New Zealand Limited (Chubb Life NZ) (New Zealand).

Key Points: 
  • Concurrently AM Best has affirmed the FSR of A (Excellent) and the Long-Term ICR of “a+” (Excellent) of Chubb Life Insurance New Zealand Limited (Chubb Life NZ) (New Zealand).
  • Lastly, AM Best has affirmed the Long-Term ICRs of “a+” (Excellent) and the Long-Term Issue Credit Ratings (Long-Term IR) of Chubb Limited and Chubb INA Holdings Inc.
  • The ratings of Chubb Bermuda also reflect the implicit support received from Chubb Limited, the ultimate parent.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings .

Annual Home Upkeep Costs Homeowners Nearly $10,000 on Average, According to New Honey Homes Report

Retrieved on: 
Wednesday, December 6, 2023
Apps, Applications, Technology, Personal Finance, Finance, Professional Services, Software, Internet, Data Analytics, Residential Building & Real Estate, OnePoll, Market Research Society, AAPOR, Research, Marketing, Home, Public opinion, ESOMAR, Frustration, Opinion, Property insurance, Real estate, Honey

Honey Homes , a membership service delivering complete home upkeep and maintenance, today announced findings from a new national data report which uncovered key pain points homeowners face in keeping up with ongoing upkeep and repairs.

Key Points: 
  • Honey Homes , a membership service delivering complete home upkeep and maintenance, today announced findings from a new national data report which uncovered key pain points homeowners face in keeping up with ongoing upkeep and repairs.
  • At the same time, for many, improving or just maintaining their current home continues to be a challenge,” said Vishwas Prabhakara, Founder and CEO of Honey Homes.
  • For more information on how Honey Homes simplifies home upkeep to provide homeowners comfort and joy, visit www.honeyhomes.com .
  • This random double-opt-in survey of 1,000 homeowners was commissioned by Honey Homes between October 19 and October 20, 2023.

kWh Analytics appoints Isaac McLean Chief Underwriting Officer

Retrieved on: 
Monday, December 4, 2023
Professional Services, Environment, Natural Disasters, Insurance, Alternative Energy, Energy, Climate Change, New Mexico State University, Property insurance, Head, ICAT, Database, Multimedia, Insurance-Linked Securities (ILS), Kilowatt-hour, Business administration, Watt, Renewable energy

kWh Analytics, a leading provider of Climate Insurance for renewable energy assets, announced that it has named Isaac McLean as the company’s new Chief Underwriting Officer.

Key Points: 
  • kWh Analytics, a leading provider of Climate Insurance for renewable energy assets, announced that it has named Isaac McLean as the company’s new Chief Underwriting Officer.
  • McLean will lead kWh Analytics’ growing underwriting team as the company ramps up its Property Insurance offering for renewable energy assets.
  • View the full release here: https://www.businesswire.com/news/home/20231204312354/en/
    Isaac McLean, Chief Underwriting Officer of kWh Analytics (Photo: Business Wire)
    “Isaac has played an integral role in expanding our company’s climate insurance offerings, a critical component of the shift to a decarbonized economy,” said Jason Kaminsky, CEO of kWh Analytics.
  • Prior to joining kWh Analytics, McLean spent 14 years at ICAT Managers building and growing natural catastrophe-exposed property insurance programs.

Triple-I: ‘Above-Average’ 2023 Atlantic Hurricane Season Validates CSU’s Forecasts

Retrieved on: 
Wednesday, November 29, 2023
Insurance, Professional Services, Emerald, Category, Insurance Information Institute, Research, Flood, National Hurricane Center, CSU, Accumulated cyclone energy, Atmospheric science, William M. Gray, Property insurance, Atlantic Ocean

Colorado State University’s (CSU) July and August 2023 Atlantic hurricane season forecasts , calling for “above-average” activity, proved to be accurate as the season concluding tomorrow was above-normal, according to the Insurance Information Institute (Triple-I) based on data from the National Hurricane Center .

Key Points: 
  • Colorado State University’s (CSU) July and August 2023 Atlantic hurricane season forecasts , calling for “above-average” activity, proved to be accurate as the season concluding tomorrow was above-normal, according to the Insurance Information Institute (Triple-I) based on data from the National Hurricane Center .
  • Twenty named storms formed in 2023, with seven of these storms becoming hurricanes and three reaching major hurricane strength.
  • The average Atlantic hurricane season has 14 named storms, seven hurricanes and three major hurricanes (e.g., Category 3, 4 or 5 ).
  • Three named storms, including one hurricane, made landfall in the continental United States this season, with Hurricane Idalia striking the Big Bend region of Florida as a Category 3 major hurricane on Aug. 30.

Redfin Report: Nashville Lands on List of Popular Homebuyer Migration Destinations For First Time Since 2021

Retrieved on: 
Wednesday, November 29, 2023
Women, Construction & Property, Men, Public Relations, Investor Relations, Family, Communications, Consumer, Residential Building & Real Estate, AllianceBernstein, Amazon, Sun Belt, Tax, Insurance, Housing, Into, Face, Real estate, Property insurance

(NASDAQ: RDFN) —Nashville has made the list of top migration destinations for the first time since 2021, according to a new report from Redfin ( redfin.com ), the technology-powered real estate brokerage.

Key Points: 
  • (NASDAQ: RDFN) —Nashville has made the list of top migration destinations for the first time since 2021, according to a new report from Redfin ( redfin.com ), the technology-powered real estate brokerage.
  • Sacramento, CA was the most popular destination for homebuyers looking to move to a new metro area in October.
  • Las Vegas and Orlando, FL were the second and third most popular destinations for homebuyers looking to relocate.
  • Myrtle Beach, SC ranked fourth after making its debut on Redfin’s list of most popular destinations in July at #9.