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California Insurance Commissioner Ricardo Lara approved a filing from the California FAIR Plan Association to increase commercialproperty coverage limits. Related: New Fire Maps Put Nearly 4M Californians in Hazardous Zones The approval increases the FAIR Plan’s Division I Commercial …
Beazley Taps Generali’s Foucher as Head of CommercialProperty, Europe Beazley, the London-based specialty insurer, announced the appointment of … This edition of International People Moves details appointments at Beazley and BMS Re. A summary of these new hires follows here.
As weather-driven catastrophes become more common and severe, commercialproperty owners and the agents who serve them are reassessing risks and coverage to get more build for their buck. The new Nationwide Agency Forward Commercial Lines Protection Survey surveyed commercial …
The commercialproperty market is showing signs of stabilization, and buyers with favorable risk profiles will see rate decreases or low-single-digit increases this year, according to USI Insurance Services’ 2025 CommercialProperty & Casualty Market Outlook. Accounts with unfavorable loss …
The commercialproperty market is showing signs of stabilization, and buyers with favorable risk profiles will see rate decreases or low-single-digit increases this year, according to USI Insurance Services’ 2025 CommercialProperty & Casualty Market Outlook. Accounts with unfavorable loss …
Wildfire Defense Insurance Services Inc. has launched wildfire only coverage for E&S commercialproperty in California. The product is available for a range of commercialproperty classes of business. The target class of business includes apartments, condo associations, warehouses, wineries …
Oklahoma lawmakers this legislative session passed a bill limiting post-loss assignment of benefits for property damage under auto, residential or commercialpropertyinsurance policies. House Bill 1084 prohibits the solicitation or acceptance of an assignment of any post-loss insurance benefit …
By Andrea Wells Commercialpropertyinsurance rates continue to fall for most accounts after most propertyinsurers saw profitable books in 2024. That’s good news for insureds, commercialproperty brokers say, as clients begin to see rate reductions at renewals …
By Chad Hemenway According to The Council of Insurance Agents & Brokers (CIAB) quarterly survey, commercialproperty/casualty premiums across all account sizes in the first quarter of 2025 rose by 4.2%–down 22% from the last three months of 2024 and …
Specialty insurer Beazley appointed Lindsay Shipper as head of commercialproperty, North America, effective April 1. She will report to Richard Montminy, group head of property risks, and will be based in Atlanta. Shipper brings close to two decades experience …
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 Insurance Pricing … during the second quarter.
Instead, it was a lawsuit that put the scope of all-risk commercialpropertyinsurance under scrutiny. Lexington Insurance Company, 1 recently decided by an Ohio … The post When Vandals Trigger the Sprinklers: The Battle Over Resulting Losses appeared first on PropertyInsurance Coverage Law Blog.
Introduction When it comes to safeguarding your UK small business, one crucial aspect is often overlooked: commercialpropertyinsurance. Just like you wouldn’t drive without car insurance, your business premises need protection too. Without it, all your hard work could crumble in an instant.
A Missouri jury found that State Farm Fire and Casualty Company acted in breach of its insurance policy and engaged in vexatious refusal to pay, awarding The Progress Project, LLC substantial damages.
A Missouri jury found that State Farm Fire and Casualty Company acted in breach of its insurance policy and engaged in vexatious refusal to pay, awarding The Progress Project, LLC substantial damages.
Navigating the world of insurance can feel overwhelming, especially when it comes to understanding commercialpropertyinsurance. This friendly guide will walk you through the essentials of commercialpropertyinsurance, helping you protect your business premises and assets with confidence.
Water damage can wreak havoc on commercialproperties, leading to costly repairs and business disruptions. At Tosten Marketing, we often hear from business owners wondering about their insurance coverage for such incidents. Commercialpropertyinsurance water damage coverage is a complex topic with many nuances.
What Perils Are Covered by CommercialPropertyInsurance? Commercialpropertyinsurance is essential for businesses to protect their assets from unforeseen events. But what exactly does commercialpropertyinsurance cover?
CommercialProperty Owners Insurance Specialists, Est. 1976 [link] Listen to CommercialProperty Owners Insurance explained by one of our directors/p> What Is CommercialProperty Owners Insurance? Having adequate insurance cover for your Commercial Building is essential.
Starr Insurance reported that South Korea’s Financial Services Commission has granted Starr International Insurance (Singapore) Pte. Korea branch, a license to operate in Seoul and begin selling commercialproperty/casualty insurance throughout Korea. “Korea is one of the largest commercial …
Increased flooding in Britain from overflowing rivers and blocked drains is leading insurers to pull back from offering cover, particularly for commercialproperties and residential landlords, industry representatives say. London was among British cities hit by flash floods last week …
By Allen Laman As commercialpropertyinsurance rates moderate, the value and relevance of captive insurance companies isn’t expected to fade away. A panel of experts discussed the state and evolution of the captive sphere during a presentation at the …
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 commercialproperty and casualty broker located in New Orleans. Louis Faust, founder and …
Commercialproperty/casualty premium increases in the second quarter 2024 were flat or down from the previous quarter for all lines of business—evidence of a softening insurance market, according to The Council of Insurance Agents & Brokers (CIAB) quarterly survey. Premiums …
Brian Kemp on Thursday reiterated his simple pitch for lawsuit limits: They’ll halt rising insurance costs. Changes could reduce liability insurance costs for businesses and commercialproperty owners. Georgia Gov. The reality, though, is more complicated. The evidence is mixed …
It ensures that insurance companies fulfill their obligations promptly and fairly. The concept of vexatious refusal to pay is a critical safeguard for Missouri policyholders.
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 commercialproperty policy. The case involves claims by Bible video …
The Texas Department of Insurance will hold two public meetings in September on the Texas Windstorm Insurance Association’s annual rate filing increase of 10% for residential and commercialproperties. TDI will host a meeting on Monday, Sept. 23 in Galveston …
IRIS leverages data and adds predictive science to mitigate risk for commercialproperty 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 …
Eligible commercialpropertyinsurance 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 …
The commercialpropertyinsurer 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 …
The Louisiana Citizens PropertyInsurance Corporation (Louisiana Citizens) Board of Directors voted last week to end the 1.36% assessment it makes on all residential and commercialpropertyinsurance policies in the state in April of this year. The assessment, which …
Hawley Insurance Co. 2025)), the United States District Court for the Southern District of New York determined that the plaintiff lacked an insurable interest in property it insured because it did not own or possess the property or suffer economic loss due to the propertys destruction. Hawley Insurance Co.
It ensures that insurance companies fulfill their obligations promptly and fairly. The concept of vexatious refusal to pay is a critical safeguard for Missouri policyholders.
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 commercialproperty Fair Access …
Brown & Brown announced the acquisition of the assets of The Canopy Group, a a multiline insurance agency focusing primarily on personal lines and commercialproperty and casualty for small businesses. Based in Le Sueur, Minnesota, The Canopy Group serves …
IMA Financial Group, a large brokerage specializing in wealth management and risk advice, is moving into the Florida commercialpropertyinsurance market with the acquisition of Wallace Welch & Willingham Inc. WW&W, based in the St. Petersburg area, is considered …
Commercialpropertyinsurer FM announced an enhanced $1 billion membership credit for eligible mutual policyholders, allowing client-owners to receive more credit sooner. Johnston, Rhode Island-based FM said May 5 that with this year’s credit, FM will have returned more than …
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 commercialproperty capacity to $12.5 …
According to The Council of Insurance Agents & Brokers (CIAB) quarterly survey, commercialproperty/casualty premiums across all account sizes rose … Respondents of a recent survey reported lower premium increases for all lines of business except umbrella during the third quarter.
Instead, it was a lawsuit that put the scope of all-risk commercialpropertyinsurance under scrutiny. Lexington Insurance Company, 1 recently decided by an Ohio … The post When Vandals Trigger the Sprinklers: The Battle Over Resulting Losses appeared first on PropertyInsurance Coverage Law Blog.
As commercialpropertyinsurance rates moderate, the value and relevance of captive insurance companies isn’t expected to fade away. A panel of experts discussed the state and evolution of the captive sphere during a presentation at the RIMS RiskWorld conference …
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.
September 17, 2024 — Apex One Inspections & Surveys, a leading provider of home inspection and property survey services in both residential and commercialproperties, is pleased to announce the expansion of its comprehensive home inspection offerings designed …
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