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 (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 …
The state-run property insurer of last resort in Louisiana plans to lower commercial rates. The Advocate reports the bulk of those cuts would benefit the 352 commercial policyholders Louisiana Citizens Property Insurance Corp. covers in coastal areas. Those policyholders would …
In a move to curb increased thefts of copper and other metals, Wichita city officials and local police are considering revising the city’s scrap metal ordinance. Expected to be brought to the city council by early fall, the revision would …
The total number of tornado-related insurance claims filed by Oklahomans has climbed to 32,433 since May 19, state insurance regulators report. The filings represent insured losses of nearly $250 million, including 13,938 homeowners claims, 17,492 auto claims and 724 commercial …
Cosmetic damage from wind and hail to homeowner and commercial properties may no longer be covered if insurers opt to use new endorsements, one for homeowners and another for commercial roofs, that are becoming available. The two organizations that standardize …
ISO has added new classifications to its commercial property program to account for the emergence of alternative energy sources. ISO is a member of the Verisk Insurance Solutions group at Verisk Analytics. In response to the growing demand for alternative …
Louisiana Citizens Property Insurance Corp.’s board is expected to approve increasing its commercial coverage rates by an average of 45.1 percent statewide this week. Almost all of Citizens’ roughly 5,700 commercial property policies are in the New Orleans area and …
The Louisiana Supreme Court has relieved the state’s property insurer of last resort of the burden of paying a $125,000 penalty for late payment of a claim settlement stemming from Hurricane Gustav in 2008. Instead, Louisiana Citizens Property Insurance Corp. …
Secure Legal Title Ltd., a London-based provider of legal indemnity and title insurance, announced the registration at Lloyd’s of “Secure Legal Title Cover,” which will provide legal indemnity and title insurance for commercial property in the UK and throughout Europe. …
