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The Commercial Property Market Remains Hot, Making Now the Time to Understand Co-insurance

Posted by Bryan Stanwood on April 2, 2019

Many major urban areas feel like crane forests these days. In Chicago, 42 high rises are under construction,1 and in the San Francisco Bay Area, the largest construction projects collectively cost $22 billion, more than the gross domestic product of 80 countries.2 Central Seattle is home to 66 major construction projects, with 4.5 million square feet of office space slated to open this year.3

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Topics: P&C, Building Construction, insurance, insurance agents

The Importance of Property & Casualty Insurance –Part I

Posted by WSRB on July 11, 2012

 

Review of the 2010 United States Fire Loss Clock:

  • A fire department responded to a fire every 24 seconds.
  • One outside fire was reported every 50 seconds.
  • One structure fire was reported every 65 seconds.
  • One home structure fire was reported every 85 seconds.
  • One vehicle fire was reported every 146 seconds.
  • One civilian fire injury was reported every 30 minutes.
  • One civilian fire death occurred every 2 hours and 49 minutes.
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Topics: Casualty and Property Loss Control, P&C, rating bureau, Insurance loss cost inspections, fire departments, Home Fire Protection