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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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OSHA Orders Building Materials Supplier to Reinstate Whistleblower Truck Driver

Insurance Journal

A federal whistleblower investigation has found a Virginia subsidiary of one of the world’s largest building materials manufacturers fired a truck driver in September 2023 illegally after the employee raised safety concerns. The driver expressed concern that the loads and …

Building 278
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California Commissioner Announces FAIR Plan Modernization Deal

Insurance Journal

California Insurance Commissioner Ricardo Lara said on Friday that he and the California Fair Plan have agreed to establishing a new high value commercial coverage option with limits up to $20 million per building and other steps that he said …

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Does Florida’s 15-year Roof Age Rule Discourage More Wind-Resistant Products?

Insurance Journal

After Hurricane Milton swept through parts of southwestern Florida in October, aerial drone images showed condominium buildings with large sections of their roof membranes peeled back like blankets on a beach, exposing the buildings to water intrusion. Builders and commercial

Building 264
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The Shaky Ground Below Istanbul Is Getting People Worried

Insurance Journal

When Turkish lender Denizbank paid more than $350 million for the building that houses its headquarters in April, the purchase cemented the bank’s place in Istanbul’s most expensive commercial district. Yet, almost as soon as the ink had dried on …

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Broker Insights’ ‘Decision Intelligence’ Officially Heads to the US

Insurance Journal

After building it business up in the United Kingdom, Broker Insights said it is ready to officially bring its commercial insurance placement analytics to the United States. For the last 12-18 months, Broker Insights has been preparing for its expansion …

Broker 264
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What Perils Are Covered by Commercial Property Insurance?

Property Insurance Centre

What Perils Are Covered by Commercial Property Insurance? Commercial property insurance is essential for businesses to protect their assets from unforeseen events. But what exactly does commercial property insurance cover? ” If a peril is explicitly listed in the policy, the insurer will cover the damage it causes.