real estate
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...
December 21, 2023
10 Tips for Winterizing a Business
Winter can significantly impact a business’s operations, so companies need to take appropriate steps to prepare for the challenges the season’s weather brings. This article provides 10 tips on how to winterize a business effectively. It is crucial for businesses to proactively address the risks of winter weather. For more information and risk management guidance,...
November 30, 2023
How Vulnerable to Cyberattacks Are Commercial Buildings?
At first blush, the ransomware attack on Colonial Pipeline(link is external) in May 2021 and a hacker’s attempt to poison the water supply(link is external) in Oldsmar, Fla., in February of the same year may not appear to have much bearing on the safety of the average commercial building. But in reality, most buildings are vulnerable to these types...
November 14, 2023
U.S. P&C Combined Ratio for 2023 Projected at 103.8%
Analysts at the Insurance Information Institute (Triple-I) and Milliman expect the U.S. property/casualty insurance industry to post a 103.8% net combined ratio for 2023, driven by the highest severe convective storm losses in decades. The III and Milliman experts shared their findings during a recent webinar discussing their quarterly report, “Insurance Economics and Underwriting Objections:...