Vacant Buildings News

Facilities Closed During Coronavirus Crisis Pose New Risks, Allianz Cautions

Many companies are having to shutdown their premises temporarily at short notice due to the Covid-19 pandemic. According to the risk consultants of Allianz Global Corporate & Specialty (AGCS), improper action or negligence when decommissioning buildings and production facilities brings …

3 Reasons Vacant Buildings Make Underwriters Twitch

I spent some time this weekend with some friends who live in another city. We were talking about their church and the neighborhood that its located in. I noticed that the building next door was up for sale so we …

Arson Suspected in Several Recent Connecticut Fires

Police and fire investigators say a string of fires in Norwich, Conn., recently appear to be arson and are looking for the person or people responsible. The latest blaze occurred Monday night at the former YMCA building on Main Street. …

Metal Theft Remains an Expensive Problem for Insurance Industry

Metal theft became a growing concern post financial crisis due to rising global demand for scrap metal, and although economic conditions have slowed demand recently, this expensive crime is still causing headaches for the insurance industry. “[Metal theft] is a …

All Risks Launches Wind Program for Occupied Dwellings, Vacant Buildings

QuickIns, a division of All Risks, Ltd., has launched a new non-admitted wind market on its online and phone quoting platform, QuickIns.com, for tenant occupied dwellings and vacant buildings. This A.M. Best A-rated carrier offers property and liability coverage (monoline …