Universal Property News Today

Universal Insurance Holdings, Inc. has purchased first-event catastrophe reinsurance coverage of up to $2.4 billion, down from the previous year's just

Syndicate 3939 will be led by Stuart Newcombe, former active underwriter for Munich Re Innovation Syndicate 1840, as its active underwriter.

NormanMax Insurance Holdings, the Miami, Florida-based parametric re/insurance group, has launched Lloyd's Syndicate 3939, in partnership with third-party

It will focus on nat cat reinsurance products for hurricanes and other weather events

After the Florida Legislature in 2022 and 2023 passed sweeping reforms designed to limit excessive claims litigation, some in the insurance industry

Policyholder surplus increased significantly, direct premium written jumped, and combined ratio has fallen for Florida-focused property insurance carriers

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A raft of bills in the state Legislature aim to stave off an insurance crisis in lower Puna.

A package of House bills would help property owners buy insurance in Hawaii’s most high-risk zones, including those in Puna’s riskiest lava zones and survivors of the Maui wildfires who also lost homes.

Lawsuits against top Florida property insurers declined overall between 2022 and 2023 and insurers say they would have declined even more if Hurricane Ian had not struck the state in September 2022. Insurers say it’s a clear sign that the legislative reforms enacted in 2022 are starting to work even if premiums have not yet […]