X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
European homebuyers who insure their properties through U.S. companies could require those businesses to upgrade their data protection efforts beginning in May of this year.

The number of foreign nationals purchasing property in the United State surged in the 12 months between March 2016 and March 2017, according to the National Association of Realtors. The Association said foreigners bought 284,455 properties, about a third more than a year earlier. And, similar to previous years, a larger percentage of buyers, especially in states like Florida and Arizona, were European citizens.

PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now

Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.