Landlords Face a $1.5 Trillion Commercial Real Estate Maturity Wall September 3, 2024 By Neil Callanan and Scott Carpenter Landlords for offices, apartment complexes and other commercial real estate have $1.5 trillion of debt due by the end of...
CIAB: Clear Evidence of Softening Commercial P/C Market Conditions in Q2 August 20, 2024 By Chad Hemenway Commercial property/casualty premium increases in the second quarter 2024 were flat or down from the previous quarter for all lines...
FM Global Rebrands As FM July 18, 2024 FM Global said it will now be known simply as FM. The commercial property insurer on July 17 unveiled its...
Commercial Real Estate Trouble Evident in Fading Downtown Construction February 14, 2024 By Isis Almeida and Miranda Davis When Rahm Emanuel ran Chicago and wanted to boast about the health of the city, the then-mayor pointed to the...
California FAIR Plan Increases Commercial Coverage Limits to $20M Per Location November 2, 2023 The California FAIR Plan Association is offering increased commercial coverage of up to $20 million per location. Prior to the...
Courts Find ‘How Many Apartment Units Are There?’ Is an Ambiguous Question October 27, 2023 By Andrew G. Simpson Because its application question about how many apartments were in a New York building was considered ambiguous, an insurer has...
Property Leads Q1 Commercial Insurance Price Increases: WTW CLIPS June 14, 2023 Commercial property insurance, with double-digit first quarter price increases, led other lines of businesses tracked by WTW’s Commercial Lines Pricing...
Another Soft Market Is Inevitable June 7, 2023 By Susanne Sclafane In recent weeks, executives of brokers and carriers have been delivering mixed messages about conditions in the commercial insurance market....
Two Charged With Setting Philadelphia Fire That Killed Firefighter for Insurance Money April 21, 2023 By Andrew G. Simpson The owner of a Philadelphia building that caught fire and collapsed last summer, killing a city firefighter and injuring five...
California Commissioner and FAIR Plan Agree to up Commercial Coverage to $20M March 30, 2023 California Insurance Commissioner Ricardo Lara and the California FAIR Plan Association agreed to more than double its existing commercial coverage...