Equipment Breakdown a Growing Cause of Commercial Property Losses Equipment breakdown now rivals fire loss in both the frequency and severity of commercial property claims, FM Global said in a press release. FM Global said equipment breakdown was the cause …
Boston-based Liberty Mutual Insurance has rolled out portable infrared cameras to its property field adjusters working commercial insurance claims. Water damage is one of the leading causes of commercial property claims, according to the insurer, with an average claim cost …
Representatives from the Missouri Department of Insurance headed to Ferguson on Aug. 27 to assist businesses that experienced damage during recent protests with filing insurance claims and to answer questions about the claims process. The department said it is encouraging …
Hurricane Sandy, a storm that forecasters say is on a scale with little precedent on the East Coast, is likely to trigger a significant volume of commercial property claims, according to Willis, a global insurance broker. “Given the size of …