commercial property News

Officials: Kansas Apartment Blaze Caused $23M to $25M in Damage

Officials in a Kansas City suburb where a fire destroyed a multimillion-dollar apartment building under construction and spread to about two dozen homes estimate the blaze caused between $23 million and $25 million in damage. The Kansas City Star reports …

FM Global Explores Next-Generation Fire Sprinklers

Warehouses, served by increasingly powerful automated materials-handling equipment, are steadily getting taller, posing new fire risks and stressing traditional fire protection systems like heat-triggered ceiling sprinklers. That’s why Rhode Island-based FM Global, one of the world’s largest commercial property insurers, …

TWIA Files for Changes to Dwelling and Commercial Policies

The Texas Windstorm Insurance Association has submitted new mandatory endorsements for its dwelling and commercial insurance policies to the Texas Department of Insurance for approval. The endorsements add storm doors to the list of items in the “Property Not Covered” …

Austin Cracking Down on Unsafe Rental Properties

Austin code enforcement officials are trying to crack down on unsafe rental properties by adding more properties to its repeat offender list. The Austin American-Statesman reports that city officials have more than doubled the number of properties designated as repeat …

10 Business Insurance Lessons and 1 Owner’s Advice from Katrina

Nearly 10 years ago, wind and storm surges as a result of Hurricane Katrina caused $41 billion in insured losses and $108 billion in total economic losses. Many of the lawsuits filed as a result of the fifth hurricane of …

Timothy Allen Joins American Claims Management Team

San Diego, CA, March 4, 2015 – National third party administrator, American Claims Management Inc. (ACM) announced that Timothy O. Allen joined its team as the vice president of property claims in January 2015. Allen brings more than 20 years …

Fraternity Members Accused of Vandalism at Michigan Ski Resorts

Officials at ski resorts in Michigan’s northern Lower Peninsula say University of Michigan fraternity members were responsible for thousands of dollars in vandalism. WWTV/WWUP reports that police escorted students from Treetops Resort in Dover Township near Gaylord sometime last weekend. …

Sioux Falls Business Break-Ins Prompt Security Upgrades

A string of office and commercial burglaries is prompting some Sioux Falls, S.D., businesses to upgrade security. The Argus Leader reports that since November, Sioux Falls police have had reports of almost 60 burglaries. A dozen businesses in three buildings …

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 …