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Short-Term Rental Risks: Airbnb Owner Seeks $540,000, Citing ‘Bizarre’ Damage

Short-Term Rental Risks: Airbnb Owner Seeks $540,000, Citing ‘Bizarre’ Damage

The owner of an Airbnb in Ithaca, New York, is suing Cornell University and the vacation rental platform in a lawsuit that claims a group of international students who rented her home caused $200,000 in severe and \"bizarre\" damages during their eight-day stay. In the lawsuit, the owner alleges that the exchange students — reportedly “hand-picked” for a summer program

P&C Report: 2024 Q4 Outlook

P&C Report: 2024 Q4 Outlook

Last quarter, we indicated the Property & Casualty (P&C) market had reached a relative level of equilibrium not seen in several years. We defined this as an environment where rates and capacity were relatively stable, and carriers could be profitable. The gradual and consistent shift in business from the admitted to the Excess & Surplus (E&S) market is a transformation

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