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 …
Property insurance claims in Oklahoma totaled $1.6 billion in 2011, according to one attorney familiar with the property insurance market in that state. Much of that was the result of catastrophic weather conditions that have slammed Oklahoma in recent years. …
ISO has launched its Enhanced Wind Rating Program, a commercial property rating program designed specifically to address the wind peril. ISO is a member of the Verisk Insurance Solutions group at Verisk Analytics. The Enhanced Wind Rating Program provides a …
Allied World Europe has launched its Corporate Property line of business. The unit will target a range of European domiciled companies writing lead, co-insured and layered programs. Richard Nathan, Vice President, European Corporate Property Manager, will oversee the line of …
XL Group has launched a new Builder’s Risk and Installation Coverage Solutions (BRICS) product, containing more than two dozen coverage enhancements. The coverage offers property insurance protection for single projects or multiple jobsites in North America. According to Alexander McGinley, …
Lexington Insurance Co. has introduced CarbonCover ODS, a property insurance policy that addresses the emerging needs of the climate change and greenhouse gas emissions sector. CarbonCover ODS is designed for project developers who are collecting tangible physical assets for the …
Swiss Re Corporate Solutions has increased available Property capacity from $250 million to $500 million. As part of the company’s single carrier offering, the increase in property capacity up to $500 million is available to high-quality middle market corporations headquartered …
Chartis has increased its commercial property per-risk capacity to $1.5 billion on a worldwide basis. This level of capacity had previously been available to Chartis’ North American domiciled clients, underwritten by Lexington Insurance Co. The increased global capacity now supports …
A creekside levee in one western Pennsylvania borough must be certified by federal regulators or most of the community will be declared a flood plain, a designation that could drive up property insurance costs and make building permits difficult to …
Owners and tenants of a Springfield, Mass., condominium complex damaged by last year’s tornadoes have filed a lawsuit against the city, alleging officials prematurely ordered the demolition of a building, robbing occupants of potentially salvageable personal items as well as …
