Insurance Journal

JUNE 25, 2025

made the unprecedented move to resolve many of its residential claims disputes through a state agency instead of through litigation, officials are now planning to send some commercial claims down that same path. Three years after Citizens Property Insurance Corp.

Commercial 184

Commercial Claim Property Insurance Insurance 184

Property Insurance Coverage Law

JANUARY 26, 2025

Is an Invasion Covered Under a Commercial Insurance Policy? where I gave a short explanation of the day: Tampas Mayor refused to hand over the keys to the city on Tuesday to … The post Pirates Invade Tampa! appeared first on Property Insurance Coverage Law Blog.

Commercial Insurance 202

Commercial Insurance Insurance Policy Commercial Policy 202

Insurance Journal

JULY 6, 2025

commercial insurance rates went up again in first-quarter 2025, according to the latest findings from WTW’s Commercial Lines Insurance Pricing Survey (CLIPS). Carriers reported an aggregate price increase of 5.3% during the first three months of 2025–down from increases …

Commercial 130

Commercial Commercial Insurance Insurance Insured 130

Insurance Journal

JUNE 1, 2025

Premium renewal rates increased year-over-year for all major commercial lines except workers’ compensation, according to first-quarter 2025 results of the Ivans Index. Compared to fourth-quarter 2024, all lines experienced a decrease in average premium renewal rates except umbrella. Premium renewal …

Commercial 134

Commercial Premium Compensation 134

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 313

Commercial Commercial Property 313

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 288

Commercial Insurance Commercial Insurance Insurer 288

Insurance Journal

AUGUST 15, 2024

A home builder is not covered under the property damage coverage in its commercial liability policy for construction defects for which it was responsible. A three-judge panel of the Massachusetts Appeals Court has held for the first time that “construction …

Property Damage 312

Property Damage Liability Commercial Damage 312

Insurance Journal

JANUARY 9, 2025

The commercial property 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 Commercial Property & Casualty Market Outlook. Accounts with unfavorable loss …

Commercial Property 263

Commercial Property Commercial Risk Insurance 263

Insurance Journal

JULY 1, 2025

China wants commercial insurance firms to invest in the development of homegrown medicines, Beijing’s latest bid to support its burgeoning biotech and pharmaceutical sector. Commercial insurers have been encouraged to set up investment funds to provide long-term financing and “patience …

Commercial Insurance 175

Commercial Insurance Commercial Insurance Insurer 175

Insurance Journal

MAY 8, 2025

As weather-driven catastrophes become more common and severe, commercial property 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 …

Commercial Property 250

Commercial Property Commercial Risk Building 250

Insurance Journal

DECEMBER 5, 2024

Most major commercial lines premium renewal rates were higher month over month, except general liability, which remained consistent with October and Commercial Property and Workers’ Compensation which saw a decrease, according to the November 2024’s results of the Ivans Index.

Commercial 264

Commercial General Liability Commercial Property Liability 264

Insurance Journal

OCTOBER 8, 2024

who now works for billionaire climate investor Tom Steyer, says commercial real estate deals will increasingly need to price in rising insurance costs, as hurricane seasons get more destructive … Joseph Sumberg, a former managing director at Goldman Sachs Group Inc.

Commercial 278

Commercial Risk Insurance Insurer 278

Insurance Journal

JULY 7, 2025

According to the MarketScout Market Barometer, the composite rate for U.S. personal lines increased in the second quarter to 4.6%. personal lines rose an average 4.9% during the firth quarter. Dallas-based MarketScout, a division of Novatae Risk Group, said …

Commercial 166

Commercial Risk Insurance Insurer 166

Insurance Journal

AUGUST 20, 2024

Commercial property/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 …

Commercial 278

Commercial Commercial Property Broker-Agent Premium 278

Insurance Journal

OCTOBER 3, 2024

the London-based specialist insurance broker, has acquired MIS Motorsport’s commercial business in the UK and Ireland. Kingfisher Insurance Services Ltd., Financial details of the transaction were not disclosed. As part of the acquisition, a new entity will be created called …

Broker 277

Broker Commercial Insurance Broker Insurance 277

Insurance Journal

DECEMBER 2, 2024

commercial lines insurance sector for 2025, due partly to the segment’s persistently strong underwriting performance and improved investment returns, which have bolstered operating profitability. AM Best is maintaining its stable market segment outlook on the U.S. Reserve adequacy in the …

Commercial 283

Commercial Commercial Insurance Underwriting Underwriter 283

Insurance Journal

DECEMBER 6, 2024

announced three key appointments for its new Commercial Division, which comprises Syndicate 1274 and Bermuda-based Antares Re. Antares Global Management Ltd. Antares announced in November that it was restructuring its underwriting operations by spitting its Bermuda and UK re/insurance businesses …

Commercial 264

Commercial Underwriting Underwriter Insurance 264

Insurance Journal

OCTOBER 24, 2024

Global commercial insurance rates fell 1% in the third quarter of 2024 from the previous quarter, which marked the first time the index has recorded a quarterly decline since the third quarter of 2017, according to the Global Insurance Market …

Commercial Insurance 290

Commercial Insurance Commercial Insurance Insurer 290

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 263

License Commercial Commercial Insurance Commercial Property 263

Insurance Journal

JANUARY 26, 2025

The commercial property 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 Commercial Property & Casualty Market Outlook. Accounts with unfavorable loss …

Commercial Property 245

Commercial Property Commercial Risk Insurance 245

Insurance Journal

DECEMBER 11, 2024

Broker WTW said commercial lines insurance rates increased overall by an average of 6.1% Quarterly price increases have been around 6% since the end of the pandemic, WTW reported in its Commercial Lines Insurance Pricing … during the third quarter 2024.

Commercial 242

Commercial Broker Insurance Insured 242

Insurance Journal

OCTOBER 27, 2024

Commercial auto insurance has struggled to achieve underwriting profitability, even before inflationary conditions affected property/casualty lines in recent years. The trend has been accompanied by steady growth in net written premiums (NWP), according to the Insurance Information Institute (Triple-I), an …

Commercial 276

Commercial Auto Insurance Underwriting Underwriter 276

Insurance Journal

FEBRUARY 27, 2025

Beazley Taps Generali’s Foucher as Head of Commercial Property, 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.

Commercial Property 166

Commercial Property Commercial Marine Insurance 166

Insurance Journal

OCTOBER 10, 2024

WTW characterized commercial insurance rates as balances and stable but, as Hurricane Milton approached, the broker warned of upcoming disruption. “The current state of affairs might only be one major hurricane away from being upended, and with Milton knocking on …

Commercial 260

Commercial Commercial Insurance Broker Insurance 260

Insurance Journal

JUNE 27, 2025

This edition of International People Moves details appointments at insurers MS Amlin and Allianz Commercial. A summary of these new hires follows here. MS Amlin Taps Nilsson From Talbot as Political Violence Underwriter MS Amlin, the Lloyd’s re/insurer, has further …

Underwriting 152

Underwriting Underwriter Commercial Insurance 152

Insurance Journal

JANUARY 7, 2025

As for commercial P/C insurance, … Moody’s Ratings changed the sector outlook for the global property/casualty insurance industry to stable from negative last month, pointing to personal lines price hikes in the U.S. and UK as a reason for the upgrade.

Commercial 257

Commercial Casualty Insurance Insurance Industry Insurance 257

Insurance Journal

FEBRUARY 11, 2025

has launched wildfire only coverage for E&S commercial property in California. The product is available for a range of commercial property classes of business. Wildfire Defense Insurance Services Inc. The target class of business includes apartments, condo associations, warehouses, wineries …

Commercial Property 246

Commercial Property Commercial Insurance Insurer 246

Insurance Journal

JUNE 19, 2025

AmRisc, a subsidiary of Alabama-based CRC Group and Truist Insurance Holdings, has launched a reciprocal exchange, initally writing in Florida, Georgia, Alabama, California and Colorado, the company announced this week. Calais Reciprocal Insurance Exchange is domiciled in Illinois and plans …

Commercial 161

Commercial Insurance Insured Insurer 161

Insurance Journal

APRIL 10, 2025

Soaring levels of civil unrest and political violence are a key concern for businesses of all sizes as well as their insurers, according to report published by Allianz Commercial. The impact of civil unrest or strikes, riots and civil commotion …

Commercial 260

Commercial Risk Insurance Insurer 260

Insurance Journal

JANUARY 21, 2025

Allianz Commercial Makes North American Leadership Promotions in Financial Lines and Property Allianz Commercial, headquartered in New York City, made two promotions to its North American leadership in financial lines and property. Nancy Dorvil, head of property Canada, will succeed …

Commercial 237

Commercial 237

Insurance Journal

MARCH 10, 2025

commercial insurance rates showed a continued upward trend with signs of moderation in the fourth quarter of 2024, according to the latest findings from WTW’s Commercial Lines Insurance Pricing Survey (CLIPS). Carriers reported an aggregate price increase of 5.6% …

Commercial 217

Commercial Commercial Insurance Insurance Insured 217

Insurance Journal

APRIL 6, 2025

By Andrea Wells Commercial property insurance rates continue to fall for most accounts after most property insurers saw profitable books in 2024. That’s good news for insureds, commercial property brokers say, as clients begin to see rate reductions at renewals …

Commercial Property 241

Commercial Property Commercial Broker Property Insurance 241

Insurance Journal

FEBRUARY 20, 2025

This edition of International People Moves details appointments at Allianz Commercial and AXA XL. Allianz Commercial Names Martin as Chief Risk & Resilience Officer Allianz Commercial announced that Aymeric Martin, currently chief … A summary of these new hires follows here.

Commercial 230

Commercial Risk 230

Insurance Journal

JULY 11, 2025

The cost of insuring commercial ships that sail past Yemen’s Houthi militants surged after the rebels sank two ships and killed sailors this week, underscoring how the attacks have revived risk in the crucial waterway. Shipowners now have to pay …

Risk 205

Risk Premium Commercial Insurance 205

Insurance Journal

APRIL 1, 2025

WTW announced the acquisition of Global Commercial Credit, LLC (GCC) into Willis, a WTW business. This strategic acquisition will accelerate performance by expanding into specialized businesses that align with the company’s technical, industry-structured and expertise-driven growth plan. Founded in Michigan …

Commercial 204

Commercial 204

Insurance Journal

JULY 2, 2025

Excel was founded in 2020 and provides property/casualty solutions, including auto, watercraft, commercial coverage, homeowners and workers’ … Marsh McLennan Agency, part of the global Marsh insurance brokerage and services companies, has acquired Excel Insurance, an insurance agency in Medley, Florida.

Commercial 196

Commercial Insurance Agency Insurance Insurer 196

Insurance Journal

JUNE 13, 2025

Oklahoma lawmakers this legislative session passed a bill limiting post-loss assignment of benefits for property damage under auto, residential or commercial property insurance policies. House Bill 1084 prohibits the solicitation or acceptance of an assignment of any post-loss insurance benefit …

Property Damage 249

Property Damage Damage Commercial Property Commercial 249