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California OKs Increase in FAIR Plan Commercial Property Coverage Limits

Insurance Journal

California Insurance Commissioner Ricardo Lara approved a filing from the California FAIR Plan Association to increase commercial property coverage limits. Related: New Fire Maps Put Nearly 4M Californians in Hazardous Zones The approval increases the FAIR Plan’s Division I Commercial

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People Moves: Beazley Taps Generali’s Foucher as Head of Commercial Property, Europe; BMS Re Appoints Hughes and Bartell From Howden Re for Non-Marine Reinsurance

Insurance Journal

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.

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Commercial Property Market Stabilizing, With Ample Capacity: USI

Insurance Journal

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 …

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Commercial Property Market Stabilizing, With Ample Capacity: USI

Insurance Journal

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 …

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WDIS Launches Wildfire Only Coverage for E&S Commercial Property in California

Insurance Journal

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 …

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People Moves: Shipper to Head Beazley N.A. Commercial Property; Porch Group Names New Leadership; Allstate Names Carter as CHRO

Insurance Journal

Specialty insurer Beazley appointed Lindsay Shipper as head of commercial property, 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 …

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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.