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Marsh: US Commercial Insurance Rates Up 3% on Hikes in Casualty

Insurance Journal

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%.

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Starr Insurance Receives License to Sell Commercial Insurance Across South Korea

Insurance Journal

Starr Insurance reported that South Korea’s Financial Services Commission has granted Starr International Insurance (Singapore) Pte. Korea branch, a license to operate in Seoul and begin selling commercial property/casualty insurance throughout Korea. “Korea is one of the largest commercial

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How Climate Change is Shaping Insurance Policies for Commercial Properties

Protect Commercial Insurance

Introduction Climate change isn’t just an environmental buzzword; it’s rapidly becoming a pivotal factor in the world of insurance, especially for commercial properties. As we face more frequent and intense extreme weather events, insurers are re-evaluating their policies to better manage these growing risks.

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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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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.

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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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How to Reduce Your Commercial Property Insurance Costs: Tips and Strategies

Jackson & Jackson

Commercial property insurance is a significant expense for property investors and owners. This article outlines practical tips and strategies to help commercial property owners in California minimize their insurance expenses while maintaining adequate protection for their investments.