commercial property News

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 …

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 …