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Commercial Property Customers Cutting Insurance Corners Despite Risk

Insurance Journal

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

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King Risk Partners Enters New York With Acquisition of Cameron Group

Insurance Journal

Florida-based insurance brokerage King Risk Partners announced it has acquired Cameron Group, Inc., Cameron Group serves New York, New Jersey, and Connecticut with personal and commercial insurance. an independent insurance agency located in Nanuet, New York. The Cameron acquisition is …

Risk 191
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Rising Civil Unrest, Political Violence Remain Top 10 Risk for Global Businesses: Allianz

Insurance Journal

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 …

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Risk Strategies Acquires Missouri’s Schroeder Insurance

Insurance Journal

Risk Strategies announced it has acquired Schroeder Insurance, a Missouri-based firm with a specialty focus in the commercial lines and private client sectors. Terms of the deal were not disclosed. Led by brothers Paul and Ted Schroeder, who each have …

Risk 147
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People Moves: Risk Strategies Names Bagwell Commercial Lines Leader in West

Insurance Journal

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 …

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Yellen Warns Financial System Still Faces Commercial Real Estate, Crypto Risks

Insurance Journal

The US financial system continued to face vulnerabilities from commercial real estate risk and digital assets in 2024, Treasury Secretary Janet Yellen said on Friday, even as cooling inflation and low unemployment bolstered the broader economy. She signaled top US …

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Billionaire Tom Steyer’s Commercial Real Estate Lead Says ‘Watch Insurance Risk’

Insurance Journal

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.