commercial property News

Police: Teens Burglarize 19 Stores Overnight in Central Texas Town

A pair of Central Texas teenagers has been arrested after authorities say they burglarized 19 businesses overnight. Hays County deputies were called to downtown Wimberley on the morning of Dec. 10 after a dog walker reported the sound of breaking …

County: Vacant Skyscraper in Illinois Town Raising Insurance Costs

Officials in Vermillion County in eastern Illinois say concerns about a vacant skyscraper makes it more expensive to insure an adjacent county building. The 12-story Bresee Tower in downtown Danville is the tallest building in the county. It was built …

Missouri Regulators Assisting Ferguson Businesses with Property Claims

Representatives from the Missouri Department of Insurance headed to Ferguson on Aug. 27 to assist businesses that experienced damage during recent protests with filing insurance claims and to answer questions about the claims process. The department said it is encouraging …

Damage Assessment Begins After Twin Tornadoes Flatten Nebraska Town, Kill 2

A storm packing rare dual tornadoes tore through a tiny farming town in northeast Nebraska, killing two people, crumpling grain bins like discarded soda cans and flattening dozens of homes. Pilger’s 350 residents evacuated their homes after the powerful twisters slammed …

Missouri Law Bars Contractors from Paying Deductibles on Commercial Property

Missouri lawmakers have given final approval to legislation that supporters say is aimed at protecting commercial property. A 2011 Missouri law bars residential contractors who fix roofs or complete other exterior repairs on homes from offering to pay insurance deductibles …

Texas Issues Special Data Call for Commercial Property Insurance Coverage

The Texas Department of Insurance is issuing a special catastrophe areas data call to property/casualty insurers who write direct commercial property and businessowners insurance in Texas. Information collected under this data call is for 2013. The Texas Windstorm Insurance Association …

Commissioner Denies TWIA’s Request to Raise Liability Limits

The primary windstorm insurer for Texas coastal properties won’t be raising limits of liability next year for property it covers. Insurance Commissioner Julia Rathgeber has denied a request by the Texas Windstorm Insurance Association to raise the limits on both …

Texas Holds Oct. 30 Hearing on Windstorm Liability Limit Increases

The Texas Department of Insurance will hold a hearing on Oct. 30 to consider a petition by the Texas Windstorm Insurance Association to raise the maximum limits of liability for windstorm and hail insurance policies covering residential dwellings and individually-owned …

Fireman’s Fund Launches New Commercial Property Form for Highly Protected Risks

Fireman’s Fund Insurance Co. has launched Property-Gard Pinnacle, a new commercial property form that integrates new coverages and policy format with existing protection for highly protected risk (HPR) properties. The policy structure offers the following features: Flexible limits and terms …

Capital Insurance Group to Offer Premium Credits for Apartment Buildings, Condos

Capital Insurance Group (CIG), a regional property and casualty insurer serving the Western U.S., has released three new 2 percent total premium credits for commercial apartment and condominium lines. The Stovetop Fire-Prevention Credit, Automatic Water Supply Line Flood-Prevention-Device Credit, and …