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Survey: 1Q Commercial Lines Premiums Drop Most Since 2005

National News • April 7, 2008
Commercial lines insurance premiums experienced the largest quarterly drop since 2005 during the first quarter of 2008, according to an industry survey of risk managers. Undeterred by mounting ...

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Subject: RE: NUTZO PRICING

Posted On: April 8, 2008, 11:27 am CDT
Posted By: AZAZ
Comment:
How can a building that has been condemned have an insurable value? You're putting up $200 a square foot on a building that is going to be torn down? Makes no sense? What are you insuring? Theft of copper pipes? Debris Removal? Pretty good incentive for an "accidential" fire to happen - even vandalistic arson would be covered - Insurance is supposed to restore you to the same place you were before the loss - this place sounds like a dump - Being in the E&S market myself - I'd have to know where they came up with their values to justify the coverage - Appraisal of salvagable items? Including the land?
Subject Posted By Posted On
The Property was condemned Hate this market
Apr 8, 2008, 12:42 pm
RE: NUTZO PRICING AZAZ
Apr 8, 2008, 11:27 am
NUTZO PRICING Hate this market
Apr 8, 2008, 11:03 am
Underwriting Profits Pat Beranger
Apr 7, 2008, 12:33 pm
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