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Commercial Property Rate Stabilization Highlights Latest WTW CLIPS

Insurance Journal

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.

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Commercial Property Rate Stabilization Highlights Latest WTW CLIPS

Insurance Journal

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.

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CIAB: Clear Evidence of Softening Commercial P/C Market Conditions in Q2

Insurance Journal

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 …

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Automatic Fire Alarms in Commercial Properties New Rules 2024

Property Insurance Centre

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.

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The Impact of Location on Commercial Property Insurance Rates

Jackson & Jackson

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.

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NFP Acquires Louisiana’s Southern Insurance Agency

Insurance Journal

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 …

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Navigating Commercial Property Insurance: A Guide for New Investors in California

Jackson & Jackson

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. Properties in high-risk areas for earthquakes and wildfires may see higher premiums.