Commercial real-estate insurance costs have risen 7.6% annually on average since 2017, according to Moody’s Analytics. Those increases can result in hundreds of thousands of dollars or more in additional annual costs, depending on location and size of the property. They can be steep enough to wipe away a year’s worth of profits.
Tag: commercial real estate insurance
Some Companies Are Going Remote—and Upgrading to New Offices
CentralReach, a medical software provider, decided last year to allow all 373 of its employees to work remotely on a permanent basis. The company then signed a lease for a flashy new office. CentralReach’s office deal is the latest indication that even companies that embrace remote and hybrid work may still want new work spaces,… Continue reading Some Companies Are Going Remote—and Upgrading to New Offices
Sompo and Marsh & McLennan Agency Launch Insurance Solution for Commercial Real Estate Market
Sompo International Holdings Ltd., a Bermuda-based specialty provider of property and casualty insurance and reinsurance, announced today that together with Marsh & McLennan Agency LLC (MMA), Sompo Global Risk Solutions (GRS) has launched a new customizable insurance solution that helps commercial real estate owners- of virtually all asset sizes and classes- control costs, streamline policy… Continue reading Sompo and Marsh & McLennan Agency Launch Insurance Solution for Commercial Real Estate Market
WTW and Sompo Global Risk Solutions Launch Insurance Platform for Middle Market Commercial Real Estate Firms
Willis Towers Watson, a leading global advisory, broking and solutions company, announces that it has entered into a strategic partnership with Sompo Global Risk Solutions (GRS) to create an integrated insurance platform to serve the needs of the middle market commercial real estate segment. The Willis Towers Watson Retail, Office and Industrial (ROI) platform offers… Continue reading WTW and Sompo Global Risk Solutions Launch Insurance Platform for Middle Market Commercial Real Estate Firms