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 …

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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.

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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.

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Jackson & Jackson

MAY 22, 2024

Multi-unit commercial properties in California offer investors the potential for significant returns. Investors must understand the importance of securing comprehensive commercial property insurance coverage to protect their investments. It covers property damage, loss of income, liability claims, etc.

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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 …

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Property Insurance Centre

JANUARY 4, 2024

Emerging Property Insurance Trends 2024 Welcome to our guide on emerging trends in the property insurance industry. As we dive into the evolving landscape of property insurance, it’s important to stay informed about the latest trends and challenges affecting the market. Hurricane Harvey 2017 92.0

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Property Insurance Centre

OCTOBER 18, 2024

How the Climate Crisis is Impacting the UK Property Insurance Market in 2023-2024 The UK property insurance market is increasingly being reshaped by the climate crisis , with extreme weather events such as storms and flooding becoming more frequent and costly.

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Protect Commercial Insurance

NOVEMBER 22, 2024

Introduction Navigating the world of commercial insurance can feel a bit like wandering through a maze, with myths lurking around every corner. In this blog, we’ve set out to debunk some of the most common insurance myths. A single incident can be financially crippling, but insurance shields you from unprecedented risks.

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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.

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Property Insurance Centre

MARCH 19, 2024

Understanding Consumer Education and Property Insurance As an informed consumer, education on consumer rights and property insurance is crucial. It empowers individuals to make informed decisions about insurance coverage and understand their policy rights.

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The Property Insurance Law Observer

AUGUST 22, 2024

2024), the District Court of Massachusetts found that “collapse” provisions within a commercial property policy were ambiguous where a floor merely sagged without completely falling to the ground. During the policy period, the insured’s floor “sunk” between eight to 12 inches.

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Building Commercial Property Damage Policy 130

Protect Commercial Insurance

MAY 24, 2024

Professional liability insurance provides coverage for legal defence costs, settlements, and judgments, ensuring that your business is protected from potential lawsuits. Commercial Property Insurance While many businesses have property insurance, they often overlook the importance of commercial property insurance.

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Mark Jackson Insurance Agency

NOVEMBER 22, 2024

Commercial liability insurance is another must-have, as accidents can happen during both active and slower periods. Some insurers allow you to modify policies by scaling back liability coverage or suspending specific endorsements while maintaining essential protections like commercial property insurance.

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Property Insurance Centre

NOVEMBER 11, 2024

For example, many commercial buildings and retail business will often have large theft excesses applied, as a result of theft & malicious damage claims. Insurers will not ask to see a copy of the Certificate when you start cover, but will do so in the event of a fire at the property when you need to make a claim.

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Cover4LetProperty

APRIL 16, 2024

But before we actually look at some of the principal ways in which landlord insurance may continue to protect your property, let’s take a look at the different types of landlord there are in the UK. They can range from individual property owners to those who own multiple rental properties as part of their investment portfolio.

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The Property Insurance Law Observer

JUNE 13, 2024

2024), to preserve diversity jurisdiction, the United States District Court for the Southern District of New York permitted a plaintiff insured to drop non-diverse, dispensable defendant Underwriters at Lloyd’s, London (“Underwriters”) which subscribed to a commercial property insurance policy. 2024 WL 2830909, (S.D.N.Y.

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Property Insurance Centre

AUGUST 28, 2024

For avoidance of any doubt, we would ask that you contact us first , should you be considering making such a change to the signalling – we will contact the insurer on your behalf & obtain confirmation that your coverage will not be affected. It is important that you do contact us first as every insurer differs.

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Property Insurance Centre

SEPTEMBER 11, 2024

Such cover may include the following: Removing Debris Dismantling or Demolishing Shoring up or Propping of equipment Please contact us if you would like to discuss your options or if you would like to add a Lift Insurance Policy to your Purpose Built Block of Flats Insurance Policy.

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Risk Management Monitor

NOVEMBER 8, 2021

One of the first steps in obtaining commercial property insurance is to determine the value of the property being insured. The reported property value will drive premium amounts and, importantly, represents the property loss exposure. The accuracy of this approach will diminish over time.

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Property Insurance Centre

JULY 21, 2024

We find the right policy to suit your needs and understand the risks that a property owner can face in the course of ownership. Whether you have an adverse claims history, a high value property or a large portfolio of properties, we can source suitable cover for you.

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Property Insurance Centre

AUGUST 8, 2024

If you have any queries or need a quotation for unoccupied office insurance then please get in touch. We are a market leader in property insurance and have access to a large number of markets to place even those ‘Hard to place’ risks. So give us a call of fill in an online form and we will be in touch.

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LexisNexis

SEPTEMBER 17, 2024

A disaster management and emergency response plan is essential for commercial real property owners, landlords, managers, and governing bodies. Commercial Property and Liability Insurance Dive into this practice note for an overview of commercial property insurance and commercial general liability (CGL) insurance.

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Insurance Journal

NOVEMBER 21, 2024

PETERSBURG, Fla. (AP) AP) — A combination of severe hurricane damage to Tropicana Field and political delays on financing means it is highly unlikely the Tampa Bay Rays’ planned new stadium will be ready for the 2028 season, if at …

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Damage Commercial Property Insurance Claim Property Insurance 243

Insurance Journal

OCTOBER 4, 2024

SPRUCE PINE, N.C. (AP) AP) — Two North Carolina facilities that manufacture the high-purity quartz used for making semiconductors, solar panels and fiber-optic cables have been shut down by Hurricane Helene with no reopening date in sight. Sibelco and The Quartz …

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Commercial Property Property Insurance Damage Commercial 289

Insurance Journal

SEPTEMBER 19, 2024

Jewelers Mutual Insurance, one of the largest and oldest jeweler-focused insurers in the country, plans to lease a full floor of a new officer tower in downtown Raleigh, North Carolina, a move that will create about 200 jobs, according to …

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Insurance Journal

AUGUST 21, 2024

CHARLESTON, W.Va. (AP) AP) — West Virginia Gov. Jim Justice, deep in the middle of a U.S. Senate race, is also in a mad-dash legal fight to keep a historic West Virginia hotel at his luxury resort before it’s auctioned off …

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Property Insurance Centre

JULY 30, 2024

We find the right policy to suit your needs and understand the risks that a property owner can face in the course of ownership. Whether you have an adverse claims history, a high value property or a large portfolio of properties, we can source suitable cover for you.

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Property Insurance Centre

SEPTEMBER 25, 2024

We find the right policy to suit your needs and understand the risks that a property owner can face in the course of ownership. Whether you have an adverse claims history, a high value property or a large portfolio of properties, we can source suitable cover for you.

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Property Insurance Centre

JANUARY 30, 2024

Joint freeholders may share responsibilities and liabilities for the insurance policy. Multi-Property Insurance: Property owners with multiple properties may benefit from considering multi- property insurance. Benefits of Multi-Property Insurance 1. Simplified Insurance Process 2.

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Property Insurance Centre

MAY 20, 2024

Terrorism Cover for Block of Flats Insurance policies for individual houses typically include cover for damage or loss caused by an Act of Terrorism. However, block of flats insurance is classed as commercial property , and Terrorism cover is often excluded. tents, caravans) Land itself and landscaping (e.g.,

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Jackson & Jackson

APRIL 28, 2024

Mistake 2: Overlooking Additional Necessary Coverages Standard property insurance policies do not cover everything. Ensure your policy covers replacement costs rather than actual cash value, as this accounts for the depreciation of your assets.

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Majesco

APRIL 11, 2024

US commercial Property and Casualty insurers have obtained incredibly high results in avoiding water, non-weather losses, using IoT solutions for risk prevention. If you find a way to reduce the amount of expected losses, this is the game changer. There are some positive things that emerged during 2023 regarding risk prevention.

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Risk Management Monitor

AUGUST 9, 2022

As companies assess their natural disaster preparedness, there are some proactive measures that should be taken specifically for hail to leave organizations best positioned for any resulting insurance claims. Let’s say you operate a business in Plano, Texas, and have a commercial property policy with a renewal date of January 1, 2022.

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