Tag: Commercial Property Insurance



US extends Terrorism Insurance Scheme for Commercial Property

Posted on 16 August, 2014 by Cliff Goodwin under Worldwide Property News

The US Senate has agreed to extend a government-backed insurance scheme to compensate commercial property owners in the event of a terrorist attack. First introduced in 2002, the scheme was devised to calm the insurance markets after the 11 September... Read More

It’s a Buyers’ Market for North American Commercial Property Insurance

Posted on 19 April, 2014 by Jodee Redmond under Business News

North American commercial insurance buyers will probably see a modest improvement in market conditions over the remaining months of 2014. This is attributed to a softening in the property insurance line, as well as an easing of the upward pressure on several... Read More

Landlords warned to Beware of Drug Gangs taking advantage of the Rental Market

Posted on 4 February, 2014 by Neil Bird under Industry News

Commercial landlords are being warned to beware of the risk posed by drug gangs renting properties for the cultivation of cannabis. The damage caused by cannabis farming tenants can be extensive, warns David Robbins Earlier this month, a man was jailed... Read More

Rising Confusion over New Flood Insurance Scheme

Posted on 16 January, 2014 by Cliff Goodwin under Industry News

Confusion over a new Government-backed insurance scheme could leave many commercial property owners “paddling their own canoe”, one the country's leading agents has warned. Prop-Search surveyor Samantha Jones With a 14-year agreement between the... Read More

US Commercial Property Insurance Rates Falling

Posted on 14 October, 2013 by Jodee Redmond under Worldwide Property News

US commercial property owners should see their insurance premiums drop in 2014, according to a report released by Willis Group Holdings P.L.C. The 2014 Market Readiness Report points to a number of factors, including new competition and falling... Read More