real estate
December 19, 2024
Vacant Property Risks
Vacant construction sites face the risks of theft, trespassing, fires and other hazards. Potential losses might include the value of damaged or stolen materials, the liability of an individual being injured on the property, and the costs of organizational disruptions if an essential piece of equipment is vandalized or taken. The insurance risks and liabilities...
December 12, 2024
Commercial Real Estate Trends to Watch in 2025
Insurance experts often examine how outside trends, reforms and movements in the larger economy affect the insurance marketplace, and businesses should follow suit to determine the factors that may impact their coverage. For 2025, there are a host of sweeping market developments to consider. Extreme Weather Events Extreme weather events—such as hurricanes, tornadoes, hailstorms and...
August 16, 2024
Managing Common Risks for Condominium and Community Associations
Condominium and community associations carry out several essential tasks and responsibilities, such as ensuring the facilities are maintained properly or managing the budget appropriately. However, these entities also face numerous risks. As such, they need to be aware of their exposures to enhance community safety and financial stability. This article provides more information on the...
July 24, 2024
P&C Hard Market Should Ease Up in 2025
Hard market conditions will continue through 2024 for both commercial and personal lines, but begin to ease in 2025, according to the latest sigma report from Swiss Re. “The insurance industry has reached a new equilibrium after the challenges of recent years. The global economy has surprised on the upside, which should drive more demand...
July 1, 2024
2024 Midyear Market Outlook: Commercial Property Insurance
The commercial property insurance segment has been characterized by ongoing premium increases for much of the past decade. According to industry data, such rate jumps reached record-setting levels in 2023, surging by an average of 20.4% in the first quarter alone and only slightly falling to 18.3% in the latter half of the year. These...
June 18, 2024
Commercial Property Insurance Market Proving More Stable, Capitalized: USI
Following last year’s historically challenging property insurance market, 2024 is proving to be “a more stable and capitalized market,” USI Insurance Services reported in its latest Commercial Property & Casualty Market Outlook Mid-Year Addendum. “Large rate increases from 2023 have mostly subsided for the broader market,” the New York-based insurance brokerage firm said in the report....
January 25, 2024
Tailgating and Piggybacking
Tailgating and piggybacking are low-tech tactics used by malicious actors to enter secure areas. They occur when an unauthorized person gains physical access to a location with sensitive information or vulnerable IT equipment. These intrusions can have significant financial and reputational impacts on businesses, so it is essential for companies to take measures to prevent...
January 4, 2024
Tips for Property Managers to Avoid Rent Payment Fraud
Rent payment fraud can result in significant financial impacts on property rental businesses. With various payment types available, numerous fraud tactics exist, so property managers should ensure they are aware of these schemes while taking measures to mitigate the risk of such fraud occurring. This article provides information about common types of rent payment fraud...
January 2, 2024
Six Trends Affecting Commercial Property Insurance
Commercial property insurance plays a critical role in protecting the assets of a business. In the event of a loss, this coverage can help businesses replace or rebuild their damaged or destroyed property and restore their operations in a timely manner. As such, it’s crucial for your organization to obtain an sufficient commercial property insurance...
December 29, 2023
Benefits and Risks of Rooftop Solar Panels for Commercial Properties
As solar rooftops become an increasingly common addition to commercial properties, businesses need to be aware of the pros and cons of this technology. While they can provide significant financial, environmental and reputational benefits, they can also present various risks, such as fire and structural hazards. They can also be susceptible to damage from several...