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Insurance Rates for Commercial Property Coverage to Ease.Presents the views of Robert P. Hartwig, chief economist of the Insurance Information Institute, on the rates of commercial property insurance in the U.S.EBSCO_bspWall Street Journal - Eastern Edition...
In 2022, the net claims incurred by commercial property insurance in Canada amounted to approximately 5.7 billion Canadian dollars.
Global property catastrophe reinsurance rates increased by 37 percent in January 2023 renewals—representing the largest increase since 1992,2 with implications for primary rates to follow. Inflation (measured by the consumer price index, or CPI) may have peaked in 2022, but for certain line...
Recession has been mostly avoided and the pace of inflation has decreased substantially across most major economies from 2023 highs.4 Central banks appear to be on the precipice of more significant loosening of monetary policy. The European Central Bank and the Bank of Canada cut rates in early ...
April 17, 2023 | Podcast Susanne Ebert James Polyblank Shannon Varney The commercial property and casualty insurance industry is facing quite a bit of external pressure. But companies have a clear opportunity to reassert relevance. (PDF-356 KB) The second chapter of the recen...
Commercial Property Insurance Claims Handled On Contingency Fee Basis A disaster has befallen your business or commercial property, preventing you from making money. Your insurance company investigated and either denied your insurance claim, underpaid it, or improperly applied a co-insurance penalty...
Commercial property insurance is sometimes combined with the business'sinsurance as one policy. The limits on the joint policy are sometimes lower than the limits on a separate policy, so a business with a lot of expensive equipment might need a separate commercial property insurance policy. A bu...
Commercial property insurance can help protect your business from physical damage to your property or its contents, including loss of income and expenses from unexpected events caused by fires, vandalism and natural perils including wind, lightning and hail....
With an increase in the number of natural disasters, weather conditions in the area where the building is located have also become an important factor in determining the cost of commercial property insurance. Commercial insurance rates are generally higher for properties located in the vicinity or in...