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BNET Business Dictionary
- Commercial Property
- buildings and land used for the performance of business activities. Commercial property can include single offices, buildings, factories, and hotels.
- Commercial Property definition on BNET »
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- For The Record.(Brief Article)
- Terror cover problems slow property lending A lack of comprehensive and affordable terrorism insurance for commercial properties has taken a toll on development projects in 2002, according to the Mortgage Bankers Assn. of America. Terrorism coverag Terror cover problems slow property lending ...
- Research articles 2002-07-22
- Commercial Property Claims Handling: The Roles of the Claims Specialists
- It is seen that both insurers and insureds call on claims adjusters, accountants, and attorneys for help with claim. However, the claims adjusters, accountants, and attorneys that offer their services to insurers are distinct from those that offer their services to insureds. The article describes these experts, outlines the services...
- White papers 2000-03-01
- Regulators, ISO work out lower terrorism loss costs.(News)(Insurance Services Office Inc reaches deal with regulators in New York and Washington for commercial property owners)
- Byline: MEG FLETCHER Commercial property owners in New York and Washington will likely see lower quotes for terrorism insurance coverage than the Insurance Services Office Inc. had originally proposed for those high-risk cities. Insurance regula Byline: MEG FLETCHER ...
- Research articles 2003-02-17
- Late News.(commercial property and casualty insurance costs rose in 2002)
- Property/casualty rates continue rising: CIAB The cost of commercial property/casualty insurance continued to rise during the fourth quarter of 2002, according to a survey by the Council of Insurance Agents & Brokers. The fourth-quarter CIAB C Property/casualty rates continue rising: CIAB ...
- Research articles 2003-01-27
Additional Resources
- Property And Casualty Insurance Underwriter
- The Property and Casualty Insurance Underwriter job description template includes the following job summary: To appraise and select commercial Property and Casualty (P & C) risks that the insurance company may insure, recommending whether an applicant is an acceptable risk or not. Underwrites policies for property and casualty loss, workers'...
- Tools & templates 2007-09-09
- SUA Insurance Company Goes Live with DTI's OASIS System; Flexibility of DTI's OASIS system enables insurer's innovative business model
- BOSTON -- Delphi Technology, Inc. DTI, an established provider of technology solutions to the property and casualty insurance market, announced today that commercial property and casualty insurance company, SUA Insurance Company SUA, is in production with DTI's OASIS Workers' Compensation Management solution following a one month implementation. The OASIS WC...
- Research articles 2005-06-21
- Movers and shakers.(Business)
- Byline: Norrine Twohey Daily Herald Staff Writer Zurich in Schaumburg, a commercial property-casualty insurance company, announced that Oliver Ade was named regional executive for the company's North Central Region. Ade, who joined the company in 1994, will be responsible for all business operations within...
- Research articles 2006-05-28
- Lexington Insurance Company Announces Upgrade to Green Commercial
- New Coverage Allows Commercial Property Policyholders to Rebuild to "Green" Standards Following a Covered Loss NEW YORK -- Lexington Insurance Company, an American International Group company, today announced Upgrade to GreenSM Commercial, insurance that allows commercial property policyholders to rebuild the insured building and replace personal property with products...
- Research articles 2008-03-03
- Lexington Insurance Company Increases Domestic Property Capacity to $1.5 Billion
- NEW YORK -- Lexington Insurance Company, an AIG company, today increased its capacity for commercial domestic property insurance by an additional $1 billion, raising the total non-catastrophe property capacity to $1.5 billion. Lexington's additional $1 billion capacity covers a broad array of North American-based commercial occupancies on any non-catastrophe...
- Research articles 2008-03-12
- Vacancy provisions in commercial property coverage
- A good understanding of the meaning of "vacant" and the special provisions in commercial property insurance pertinent to that condition ensures proper coverage and, with the insured's cooperation, minimization of exposures. Guidelines can be found in dictionary definitions of the term, the provisions of commercial property policies, and the conclusions...
- Research articles 2000-06-01
- Commercial Property Insurer FM Global Opens a Representative Office in Beijing, China
- BEIJING, China -- Commercial and industrial property insurer FM Global has opened a representative office in Beijing, China following recent approval from the China Insurance Regulatory Commission. The approval (granted to Factory Mutual Insurance Company, which does business as FM Global) marks the first step in the country's process for...
- Research articles 2008-01-15
- Bhojwani Becomes President of Commercial Business for Fireman's Fund Insurance Company
- Business Editors NOVATO, Calif.--BUSINESS WIRE--June 7, 2004 Gary C. Bhojwani has been named president of Commercial Business for Fireman's Fund Insurance Company. Bhojwani previously was president of Lincoln General Insurance Company, a subsidiary of Kingsway Financial Services. The Fireman's Fund Commercial Business segment produces an annual premium...
- Research articles 2004-06-07
- Lexington Insurance Company Introduces Tax Credit Insurance for Historic Commercial Real Estate
- NEW YORK -- Lexington Insurance Company, a member company of American International Group, Inc. AIG, today announced Historic Rehabilitation Tax Credit HRTC Insurance, a new coverage designed to help protect owners and developers of commercial properties qualifying for federal rehabilitation tax credit against a financial loss if during rehabilitation or...
- Research articles 2007-03-21
- The Ohio Casualty Insurance Company Announces Real-Time Issuance for Commercial Lines Policies and Endorsements
- FAIRFIELD, Ohio -- The Ohio Casualty Insurance Company (NASDAQ:OCAS) announced today that policies and endorsements for several commercial lines of business can now be issued in real time through its agency interface system, P.A.R.I.S. Expresssm. In addition, the Company has enhanced its download capabilities making it a leader in the...
- Research articles 2006-04-19
- A.M. Best Upgrades Ratings of Companion Property and Casualty Group
- OLDWICK, N.J. -- A.M. Best Co. has upgraded the financial strength rating FSR to A Excellent from A- Excellent and the issuer credit ratings ICR to "a" from "a-" of the Companion Property and Casualty Group Companion, which consists of Companion Property and Casualty Insurance Company (Columbia, SC) and its...
- Research articles 2008-05-28
- Great Central Insurance Company Endorsed by the Oklahoma Restaurant Association for Insurance Program
- Business Editors/Insurance Writers PEORIA, Ill.--BUSINESS WIRE--May 10, 2004 Great Central Insurance Company, a member of Argonaut Group, Inc.'s Specialty Commercial segment, announced today that they have been named the endorsed insurance company for the Oklahoma Restaurant Association ORA property and casualty program. Founded in 1933, the ORA,...
- Research articles 2004-05-10
- Insurance First Agency and Allied Insurance Team to Offer Cost-Competitive Insurance Policies; Insurance First Agency, Inc. Adds Allied Insurance to Lineup of Carriers
- COLUMBUS, Ohio -- Insurance First Agency, Inc., a full-service independent agency and member of the Title First Family of Companies, announces its partnership with Allied Insurance, a NationwideR company. Allied's line of personal and commercial property and casualty insurance products will now be available to Insurance First customers in...
- Research articles 2005-01-25
- Commercial Property Insurer FM Global Reports 2007 Marked A Sixth Consecutive Year of Strong Financial and Operating Performance
- JOHNSTON, R.I. -- Commercial property insurer FM Global has announced that 2007 marked its sixth consecutive year of strong financial and operating performance. The company saw successes in all areas most important to a mutually owned insurance company, including stable capacity and services, profitability, capital growth and client retention. ...
- Research articles 2008-02-21
- ACCEL International Corporation Will Cease Writing Commercial Business
- STAFFORD, Texas--BUSINESS WIRE--July 2, 1999-- ACCEL International Corporation (Nasdaq/NMS:ACLE) announced that its wholly-owned subsidiary, Acceleration National Insurance Company, will cease writing new business and non-renew existing business as quickly as possible with the purpose of exiting all of its current lines of business consisting of commercial property and casualty...
- Research articles 1999-07-02
- Risk Management of a P/C Insurance Company Scenario Generation, Simulation and Optimization
- This paper discusses about a large conglomerate such as a property/casualty insurance firm in this case, which can be divided along business boundaries. This division might be along commercial lines, homeowner lines and perhaps across countries. An insurance firm's capital can be interpreted as a buffer that protects the company...
- White papers 2003-10-31
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