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Louisiana Citizens Ends Assessment on Property Policies Ahead of Schedule

Insurance Journal

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
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FM Global Rebrands As FM

Insurance Journal

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 …

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FM Makes Third ‘Resilience Credit’ With $400M for Clients

Insurance Journal

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 …

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IMA Financial Spreads Into Florida Market with Wallace Welch & Willingham

Insurance Journal

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 …

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Billionaire Tom Steyer’s Commercial Real Estate Lead Says ‘Watch Insurance Risk’

Insurance Journal

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.

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The Importance of Accurate Valuation in Commercial Property Insurance

Bankers Insurance

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.

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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.