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Condominium Insurance: The Policies You Need
Condominium associations are responsible for insuring the shared elements and more of their properties. From structural protection to liability coverage, having the right commercial insurance policies is critical to safeguarding the association and its members. Read on to hear from John Carroll, commercial staff underwriter at Central Insurance, as he explains why condominium insurance is…
Northwestern Mutual to hire 5,000 new financial advisers
In Oregon, the company plans to add 83 financial professionals, with positions available in Portland, Lake Oswego, Bend, and Eugene. Additionally, Northwestern Mutual Goodwin, Wright plans to recruit 30 new financial advisers, representatives, and interns in 2025. Source link
Beazley taps Lindsay Shipper to head North American commercial property
For the year ending December 31, 2024, Beazley achieved a record profit before tax of $1.423 billion, marking a 13% increase from the $1.254 billion recorded in 2023. This growth was underpinned by a 10% rise in insurance written premiums, totaling $6.164 billion, up from $5.601 billion in the previous year. Source link
The Four Policies You Need
Homeowner associations (HOAs) play a crucial role in managing the 28.2 million housing units in the U.S. From maintaining shared spaces to enforcing community rules, as an officer or board member with an HOA, your responsibilities come with unique risks that require proper insurance coverage. Without the right policies, HOAs like yours could face financial…
Climate risks rise, but businesses stay focused on short-term challenges: Beazley report
Despite a surge in extreme weather events, only 20% of executives rank climate-related catastrophic risk as a top concern. At the same time, 72% report adopting new risk management procedures in response to severe weather, signalling a reactive rather than proactive approach to climate adaptation. Insurers warn that without stronger risk mitigation strategies, businesses could…
Revealed – APCIA shares advice to residents affected by severe weather events
Jon Ward, APCIA’s department vice president of public affairs, emphasized the industry’s commitment to assisting policyholders, stating, “When disaster strikes, insurers’ overwhelming priority is to help their customers rebuild and restore their property.” Source link