Insurance Journal

AUGUST 7, 2024

All major commercial lines premium renewal rates were higher in July than in June, except commercial property which decreased, according to the latest monthly Ivans Index. Year over year, commercial auto, business owners, general liability, commercial property and umbrella experienced …

Commercial 213

Commercial Commercial Property General Liability Liability 213

Insurance Journal

JULY 17, 2024

The commercial property insurer on July 17 unveiled its new name and “titanium” logo at the company’s midyear meeting. FM Global said it will now be known simply as FM. “We believe that by uniting our businesses under the FM …

Commercial Property 219

Commercial Property Commercial Property Insurance Insurance 219

Insurance Journal

OCTOBER 21, 2024

State-sponsored residual property markets have seen in influx of risks come in since 2018, with some states growing by more than 200%. According to insurance industry ratings firm AM Best, the policy counts of personal and commercial property Fair Access …

Policy 242

Policy Commercial Property Commercial Insurance Industry 242

Insurance Journal

OCTOBER 6, 2024

Broker WTW said commercial lines insurance rates increased overall by an average of 5.9% Quarterly price increases have been around 6% since the end of the global pandemic, WTW reported in its Commercial Lines … during the second quarter of 2024.

Commercial Property 130

Commercial Property Commercial Broker Insurance 130

Insurance Journal

JULY 21, 2024

Risk Strategies named Troy Bagwell commercial lines leader for the West region. Bagwell, who is based in Los Angeles, is responsible for building and executing the regional strategy for the commercial property/casualty business segment. Bagwell joins Risk Strategies from Panorama …

Commercial 241

Commercial Risk Commercial Property Building 241

Insurance Journal

OCTOBER 25, 2024

Eligible commercial property insurance clients of FM will receive a share of $400 million in what the insurer calls a “resilience credit” to be put toward climate mitigation solutions. This is the third resilience credit allocated since FM announced the …

Commercial Property 209

Commercial Property Commercial Property Insurance Insurance 209

Insurance Journal

OCTOBER 21, 2024

Korea branch, a license to operate in Seoul and begin selling commercial property/casualty insurance throughout Korea. “Korea is one of the largest commercial … Starr Insurance reported that South Korea’s Financial Services Commission has granted Starr International Insurance (Singapore) Pte.

License 238

License Commercial Commercial Insurance Commercial Property 238

Insurance Journal

SEPTEMBER 18, 2024

September 17, 2024 — Apex One Inspections & Surveys, a leading provider of home inspection and property survey services in both residential and commercial properties, is pleased to announce the expansion of its comprehensive home inspection offerings designed …

Commercial Property 227

Commercial Property Commercial Insurance Insurer 227

Insurance Journal

OCTOBER 16, 2024

The Pennsylvania Supreme Court has let stand a state appeals court ruling that tackled for the first time what is meant by “your computers” under electronic data coverage in a commercial property policy. The case involves claims by Bible video …

Commercial Property 226

Commercial Property Claim Commercial Policy 226

Insurance Journal

JULY 24, 2024

NFP, an Aon company and property and casualty broker, benefits consultant, wealth manager and retirement plan advisor, announced the acquisition of Southern Insurance Agency LLC (SIA), a commercial property and casualty broker located in New Orleans. Louis Faust, founder and …

Insurance Agency 217

Insurance Agency Commercial Property Broker Commercial 217

Insurance Journal

OCTOBER 3, 2024

Brown & Brown announced the acquisition of the assets of The Canopy Group, a a multiline insurance agency focusing primarily on personal lines and commercial property and casualty for small businesses. Based in Le Sueur, Minnesota, The Canopy Group serves …

Commercial Property 213

Commercial Property Commercial Insurance Agency Insurance 213

Insurance Journal

AUGUST 8, 2024

IMA Financial Group, a large brokerage specializing in wealth management and risk advice, is moving into the Florida commercial property insurance market with the acquisition of Wallace Welch & Willingham Inc. WW&W, based in the St. Petersburg area, is considered …

Commercial Property 209

Commercial Property Property Insurance Commercial Risk 209

Insurance Journal

SEPTEMBER 6, 2024

IRIS leverages data and adds predictive science to mitigate risk for commercial property carriers Yorba Linda, CA; September 06, 2024—Jetfile, a leading provider of insurance management solutions, today announced a strategic partnership with Aviana to provide IRIS, a revolutionary commercial …

Commercial Property 192

Commercial Property Risk Commercial Insurance 192

Bankers Insurance

AUGUST 8, 2024

THE IMPORTANCE OF ACCURATE VALUATION IN COMMERCIAL PROPERTY INSURANCE When purchasing or renewing commercial property insurance , it’s important for businesses to ensure their coverage includes correct property valuations. Additionally, property undervaluation can result in coinsurance penalties. inflation).

Commercial Property 59

Commercial Property Property Insurance Commercial Out-Of-Pocket 59

Insurance Journal

OCTOBER 6, 2024

Multi-Family Commercial Property Program Market Detail: Amalgamated Insurance Underwriters offers a commercial property program for hard to place multi-family habitational/commercial properties.

Commercial Property 130

Commercial Property Commercial Underwriter Underwriting 130

Insurance Journal

OCTOBER 3, 2024

Hinterland continues upward growth trend with increased capacity for commercial and package property markets Denver, CO, October 3, 2024 – Hinterland Insurance (Hinterland), an independent insurance MGA and Program Administrator, today announced an expansion in commercial property capacity to $12.5 …

Commercial Property 157

Commercial Property Commercial Insurance Insurer 157

Jackson & Jackson

APRIL 26, 2024

Investing in commercial property in California can be a lucrative venture, but it also comes with its unique set of risks and responsibilities. One of the most crucial aspects to consider is commercial property insurance.

Commercial Property 52

Commercial Property Property Insurance Commercial Business Interruption 52

Jackson & Jackson

APRIL 30, 2024

This article explores how various location-based factors affect commercial property insurance rates in California and offers insights for managing these costs effectively. Understanding Location-Based Risk Factors Location plays a pivotal role in determining insurance premiums for commercial properties.

Commercial Property 52

Commercial Property Property Insurance Commercial Crime 52

Property Insurance Centre

AUGUST 12, 2024

Automatic Fire Alarms in Commercial Properties New Rules 2024 As of October 2024 the London Fire Brigade will cease to attend alarms at commercial properties between the hours of 7am & 8:30 pm. It has been found that 99% of alarms at commercial properties are, in fact, false alarms and take up significant resources.

Commercial Property 52

Commercial Property Commercial Property Insurance Building 52

Protect Commercial Insurance

OCTOBER 11, 2024

Introduction Climate change isn’t just an environmental buzzword; it’s rapidly becoming a pivotal factor in the world of insurance, especially for commercial properties. These disasters cause exponential damage to commercial properties.

Commercial Property 52

Commercial Property Commercial Insurance Policy Policy 52

Jackson & Jackson

APRIL 29, 2024

Commercial property insurance is a significant expense for property investors and owners. This article outlines practical tips and strategies to help commercial property owners in California minimize their insurance expenses while maintaining adequate protection for their investments.

Commercial Property 52

Commercial Property Property Insurance Commercial Broker-Agent 52

Jackson & Jackson

APRIL 10, 2024

Investing in commercial property is a significant step for any entrepreneur or business entity. Insurance plays a pivotal role in safeguarding your property and your financial future. Here are five critical considerations you should keep in mind regarding insurance when buying or investing in commercial property.

Commercial Property 52

Commercial Property Commercial Business Interruption Out-Of-Pocket Expense 52

Insurance Journal

NOVEMBER 3, 2024

State-sponsored residual property markets have seen in influx of risks come in since 2018, with some states growing by more than 200%. According to insurance industry ratings firm AM Best, the policy counts of personal and commercial property Fair Access …

Policy 130

Policy Commercial Property Commercial Insurance Industry 130

Central Insurance

JUNE 18, 2024

Safeguarding your commercial property is essential. Learn about the different types of real estate insurance designed to help you protect your investment. The post Real Estate Insurance: Everything You Need to Know To Properly Protect Your Investment appeared first on Central Insurance Blog.

Protection 130

Protection Commercial Property Commercial Insurance 130

Insurance Journal

JULY 14, 2024

By Ezra Amacher A Texas nonprofit health system who purchased a specialized commercial property insurance policy is not covered for business interruption losses caused by COVID-19, a 5th Circuit Court of Appeals panel ruled, relying on existing precedent that COVID-19 …

Business Interruption 130

Business Interruption Commercial Property Property Insurance Commercial 130

Central Insurance

JULY 25, 2024

LRO insurance provides comprehensive protection against commercial property damage, liability claims, and income loss. In this article, we explore the key differences between LRO and general liability insurance and why commercial landlords need to have this coverage. The post What is LRO Insurance?

General Liability 130

General Liability Commercial Property Property Damage Commercial 130

The Property Insurance Law Observer

AUGUST 1, 2024

23, 2024), the Supreme Judicial Court of Massachusetts held that the term “surface waters,” as used in a limitation contained in commercial property insurance policies, was ambiguous in the context of rainwater accumulating on roofs, thereby finding coverage for the insured.

Commercial Property 130

Commercial Property Damage Policy Commercial 130

Jackson & Jackson

MAY 22, 2024

Multi-unit commercial properties in California offer investors the potential for significant returns. Investors must understand the importance of securing comprehensive commercial property insurance coverage to protect their investments. It covers property damage, loss of income, liability claims, etc.

Property Insurance 52

Property Insurance Commercial Property Commercial Broker-Agent 52

The Property Insurance Law Observer

AUGUST 22, 2024

2024), the District Court of Massachusetts found that “collapse” provisions within a commercial property policy were ambiguous where a floor merely sagged without completely falling to the ground. In Life Skills, Inc. Harleysville Insurance Company , 2024 WL 3792261 (D.

Building 130

Building Commercial Property Damage Policy 130

Zywave

SEPTEMBER 24, 2024

Get insight into the developments and trends you need to be watching for the second half of 2024 for industries including commercial auto, commercial property, cyber, employee benefits and more.

Commercial Property 52

Commercial Property Commercial Cyber Insurance 52

Risk Management Monitor

NOVEMBER 8, 2021

One of the first steps in obtaining commercial property insurance is to determine the value of the property being insured. The reported property value will drive premium amounts and, importantly, represents the property loss exposure. The accuracy of this approach will diminish over time.

Commercial Property 75

Commercial Property Insurance Insurer Insured 75

The Property Insurance Law Observer

JUNE 13, 2024

2024), to preserve diversity jurisdiction, the United States District Court for the Southern District of New York permitted a plaintiff insured to drop non-diverse, dispensable defendant Underwriters at Lloyd’s, London (“Underwriters”) which subscribed to a commercial property insurance policy. 2024 WL 2830909, (S.D.N.Y.

Underwriter 130

Underwriter Underwriting Commercial Property Property Damage 130

Property Insurance Centre

JANUARY 4, 2024

For instance: Residential properties: Homeowners may experience higher rebuild costs due to increased prices of building materials, such as lumber and roofing materials. Commercial properties: Business owners may face higher repair costs for their establishments, particularly if specialized equipment or materials are required.

Property Insurance 52

Property Insurance Commercial Property Liability Insurance 52

Insurance Journal

SEPTEMBER 2, 2024

Landlords for offices, apartment complexes and other commercial real estate have $1.5 trillion of debt due by the end of next year, and about a quarter of that borrowing could be hard to refinance, according to Jones Lang LaSalle Inc.

Commercial 280

Commercial Commercial Property 280

Protect Commercial Insurance

MAY 24, 2024

Commercial Property Insurance While many businesses have property insurance, they often overlook the importance of commercial property insurance. Professional liability insurance provides coverage for legal defence costs, settlements, and judgments, ensuring that your business is protected from potential lawsuits.

Insurance Policy 52

Insurance Policy Protection Policy Business Interruption 52

Insurance Journal

OCTOBER 4, 2024

SPRUCE PINE, N.C. (AP) AP) — Two North Carolina facilities that manufacture the high-purity quartz used for making semiconductors, solar panels and fiber-optic cables have been shut down by Hurricane Helene with no reopening date in sight. Sibelco and The Quartz …

Commercial Property 265

Commercial Property Property Insurance Damage Commercial 265

Insurance Journal

OCTOBER 24, 2024

Commercial insurance rates during the third quarter in the U.S. According to Marsh’s Global Insurance Market Index — which noted the first decline in global commercial rates since the third quarter 2017 — … increased 3%, with casualty rates up 10%.

Commercial Insurance 260

Commercial Insurance Commercial Insurance Insurer 260