Insurance Journal

OCTOBER 21, 2024

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

License 264

License Commercial Commercial Insurance Commercial Property 264

Insurance Journal

NOVEMBER 21, 2024

According to The Council of Insurance Agents & Brokers (CIAB) quarterly survey, commercial property/casualty premiums across all account sizes rose … Respondents of a recent survey reported lower premium increases for all lines of business except umbrella during the third quarter.

Premium 246

Premium Commercial Broker-Agent Commercial Property 246

Insurance Journal

SEPTEMBER 2, 2024

Landlords for offices, apartment complexes and other commercial real estate have $1.5 trillion of debt due by the end of next year, and about a quarter of that borrowing could be hard to refinance, according to Jones Lang LaSalle Inc.

Commercial 316

Commercial Commercial Property 316

Insurance Journal

OCTOBER 24, 2024

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%.

Commercial Insurance 289

Commercial Insurance Commercial Insured Insurer 289

Insurance Journal

JANUARY 13, 2025

has agreed to acquire CAPE Analytics, which provides geospatial AI intelligence for residential and commercial properties. Moody’s said the deal will create a property database capable of delivering instant, address-specific risk insights as it brings together Moody’s Intelligent … Moody’s Corp.

Commercial Property 264

Commercial Property Commercial Risk 264

Insurance Journal

AUGUST 30, 2024

The Texas Department of Insurance will hold two public meetings in September on the Texas Windstorm Insurance Association’s annual rate filing increase of 10% for residential and commercial properties. TDI will host a meeting on Monday, Sept. 23 in Galveston …

Commercial Property 299

Commercial Property Commercial Insured Insurer 299

Insurance Journal

JANUARY 17, 2025

The Louisiana Citizens Property Insurance Corporation (Louisiana Citizens) Board of Directors voted last week to end the 1.36% assessment it makes on all residential and commercial property insurance policies in the state in April of this year. The assessment, which …

Policy 231

Policy Commercial Property Property Insurance Commercial 231

Insurance Journal

JULY 17, 2024

The commercial property insurer on July 17 unveiled its new name and “titanium” logo at the company’s midyear meeting. FM Global said it will now be known simply as FM. “We believe that by uniting our businesses under the FM …

Commercial Property 262

Commercial Property Commercial Property Insurance Insured 262

Insurance Journal

OCTOBER 25, 2024

Eligible commercial property insurance clients of FM will receive a share of $400 million in what the insurer calls a “resilience credit” to be put toward climate mitigation solutions. This is the third resilience credit allocated since FM announced the …

Commercial Property 259

Commercial Property Commercial Property Insurance Insured 259

Insurance Journal

OCTOBER 6, 2024

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.

Commercial Property 130

Commercial Property Commercial Broker Insured 130

Insurance Journal

OCTOBER 8, 2024

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.

Commercial 278

Commercial Risk Insured Insurer 278

Insurance Journal

AUGUST 8, 2024

Increased flooding in Britain from overflowing rivers and blocked drains is leading insurers to pull back from offering cover, particularly for commercial properties and residential landlords, industry representatives say. London was among British cities hit by flash floods last week …

Commercial Property 278

Commercial Property Commercial Insured Insurer 278

Insurance Journal

OCTOBER 16, 2024

The Pennsylvania Supreme Court has let stand a state appeals court ruling that tackled for the first time what is meant by “your computers” under electronic data coverage in a commercial property policy. The case involves claims by Bible video …

Commercial Property 274

Commercial Property Claim Commercial Policy 274

Insurance Journal

JANUARY 9, 2025

Broker McGill and Partners has launched a commercial property war risk reinsurance program for Ukraine, which it said on Thursday was the first of its kind since Russia’s invasion of the country in Feb 2022. Companies in Ukraine have found …

Broker 230

Broker Commercial Property Commercial Risk 230

Insurance Journal

OCTOBER 21, 2024

State-sponsored residual property markets have seen in influx of risks come in since 2018, with some states growing by more than 200%. According to insurance industry ratings firm AM Best, the policy counts of personal and commercial property Fair Access …

Policy 264

Policy Commercial Property Commercial Insurance Industry 264

Insurance Journal

JULY 24, 2024

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 …

Insurance Agency 261

Insurance Agency Commercial Property Broker Commercial 261

Insurance Journal

OCTOBER 3, 2024

Brown & Brown announced the acquisition of the assets of The Canopy Group, a a multiline insurance agency focusing primarily on personal lines and commercial property and casualty for small businesses. Based in Le Sueur, Minnesota, The Canopy Group serves …

Commercial Property 260

Commercial Property Commercial Insurance Agency Insured 260

Insurance Journal

AUGUST 8, 2024

IMA Financial Group, a large brokerage specializing in wealth management and risk advice, is moving into the Florida commercial property insurance market with the acquisition of Wallace Welch & Willingham Inc. WW&W, based in the St. Petersburg area, is considered …

Commercial Property 259

Commercial Property Property Insurance Commercial Risk 259

Insurance Journal

SEPTEMBER 6, 2024

IRIS leverages data and adds predictive science to mitigate risk for commercial property carriers Yorba Linda, CA; September 06, 2024—Jetfile, a leading provider of insurance management solutions, today announced a strategic partnership with Aviana to provide IRIS, a revolutionary commercial …

Commercial Property 242

Commercial Property Risk Commercial Insured 242

Insurance Journal

SEPTEMBER 18, 2024

September 17, 2024 — Apex One Inspections & Surveys, a leading provider of home inspection and property survey services in both residential and commercial properties, is pleased to announce the expansion of its comprehensive home inspection offerings designed …

Commercial Property 246

Commercial Property Commercial Insurance Insurer 246

Insurance Journal

OCTOBER 3, 2024

Hinterland continues upward growth trend with increased capacity for commercial and package property markets Denver, CO, October 3, 2024 – Hinterland Insurance (Hinterland), an independent insurance MGA and Program Administrator, today announced an expansion in commercial property capacity to $12.5 …

Commercial Property 189

Commercial Property Commercial Insured Insurer 189

Bankers Insurance

AUGUST 8, 2024

THE IMPORTANCE OF ACCURATE VALUATION IN COMMERCIAL PROPERTY INSURANCE When purchasing or renewing commercial property insurance , it’s important for businesses to ensure their coverage includes correct property valuations. Additionally, property undervaluation can result in coinsurance penalties. inflation).

Commercial Property 59

Commercial Property Property Insurance Commercial Out-Of-Pocket 59

Insurance Journal

OCTOBER 6, 2024

Multi-Family Commercial Property Program Market Detail: Amalgamated Insurance Underwriters offers a commercial property program for hard to place multi-family habitational/commercial properties.

Commercial Property 130

Commercial Property Commercial Underwriting Underwriter 130

Jackson & Jackson

APRIL 26, 2024

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.

Commercial Property 52

Commercial Property Property Insurance Commercial Business Interruption 52

Jackson & Jackson

APRIL 30, 2024

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.

Commercial Property 52

Commercial Property Property Insurance Commercial Crime 52

Central Insurance

JULY 25, 2024

LRO insurance provides comprehensive protection against commercial property damage, liability claims, and income loss. In this article, we explore the key differences between LRO and general liability insurance and why commercial landlords need to have this coverage. The post What is LRO Insurance?

General Liability 130

General Liability Commercial Property Property Damage Commercial 130

Protect Commercial Insurance

OCTOBER 11, 2024

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. These disasters cause exponential damage to commercial properties.

Commercial Property 52

Commercial Property Commercial Insurance Policy Policy 52

Property Insurance Centre

AUGUST 12, 2024

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.

Commercial Property 52

Commercial Property Commercial Property Insurance Building 52

Jackson & Jackson

APRIL 10, 2024

Investing in commercial property is a significant step for any entrepreneur or business entity. Insurance plays a pivotal role in safeguarding your property and your financial future. Here are five critical considerations you should keep in mind regarding insurance when buying or investing in commercial property.

Commercial Property 52

Commercial Property Commercial Business Interruption Out-Of-Pocket Expense 52

Jackson & Jackson

APRIL 29, 2024

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.

Commercial Property 52

Commercial Property Property Insurance Commercial Deductible 52

Central Insurance

JUNE 18, 2024

Safeguarding your commercial property is essential. Learn about the different types of real estate insurance designed to help you protect your investment. The post Real Estate Insurance: Everything You Need to Know To Properly Protect Your Investment appeared first on Central Insurance Blog.

Protection 130

Protection Commercial Property Commercial Insured 130

Insurance Journal

NOVEMBER 3, 2024

State-sponsored residual property markets have seen in influx of risks come in since 2018, with some states growing by more than 200%. According to insurance industry ratings firm AM Best, the policy counts of personal and commercial property Fair Access …

Policy 130

Policy Commercial Property Commercial Insurance Industry 130

Insurance Journal

JULY 14, 2024

By Ezra Amacher A Texas nonprofit health system who purchased a specialized commercial property insurance policy is not covered for business interruption losses caused by COVID-19, a 5th Circuit Court of Appeals panel ruled, relying on existing precedent that COVID-19 …

Business Interruption 130

Business Interruption Commercial Property Property Insurance Commercial 130

Triple-I: Homeowners Insurance

OCTOBER 10, 2024

points year-over-year improvement, with commercial lines continuing to outperform personal lines. Commercial lines underwriting profitability remained mostly flat. Commercial lines underwriting profitability remained mostly flat. Commercial lines 2024 net combined ratio remained relatively flat at 97.1 represented a 2.3-points

Commercial 68

Commercial Underwriting Underwriter General Liability 68

Property Insurance Centre

JANUARY 16, 2025

Understanding Commercial Flood Insurance in the United Kingdom Flooding has become an increasingly significant risk for businesses across the United Kingdom as climate change intensifies weather extremes. This article explores the intricacies of commercial flood insurance in the UK, highlighting regional variations, challenges, and solutions.

Commercial 52

Commercial Commercial Property Insured Insurer 52

Paragon Independent Insurance Agencies

DECEMBER 16, 2024

As cyberattacks become increasingly prevalent worldwide, it’s crucial for business owners and commercial investors in Plano, TX, to consider cyber liability insurance. Prioritizing your cybersecurity measures can help clients and investors alike trust your business and/or brand.

Commercial Property 40

Commercial Property Liability Insurance Cyber Liability 40

The Property Insurance Law Observer

AUGUST 1, 2024

23, 2024), the Supreme Judicial Court of Massachusetts held that the term “surface waters,” as used in a limitation contained in commercial property insurance policies, was ambiguous in the context of rainwater accumulating on roofs, thereby finding coverage for the insured.

Commercial Property 130

Commercial Property Damage Policy Commercial 130