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Habitational Real Estate

Why Coastal Builder’s Risk Insurance Is Critical for Properties Under Construction

The 2021 hurricane season is shaping up to be a rough one with no signs of slowing down. Hurricane Ida ripped through the Gulf states downing power lines and obliterating structures. It then made its way up the Atlantic, unleashing record-breaking rainfalls, flash floods, and tornados which also caused extensive damage. Catastrophe risk solutions company…

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A Closer Look…New York Brick & Brownstones

New York City is known for its beautiful brownstones – from Queens to Manhattan’s Upper Westside to some of Brooklyn neighborhoods including Park Slope, Brooklyn Heights, Bedford-Stuyvesant, Fort Green, Cobble Hill, and Prospect Heights. Insuring these owner- and tenant-occupied properties requires understanding their unique risks and having a program available that can address them. Let’s…

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Eviction Moratorium Extended, Real Estate Groups and Landlords Displeased

At the heels of an expiring national moratorium order, the Centers for Disease Control and Prevention issued a new, more limited two-month eviction moratorium on Tuesday, August 8th. Unlike the previous order, the new ban on evictions only applies to parts of the United States experiencing a “substantial” or “high” spread of coronavirus — which,…

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​​Insurers Focus on Increased Need for Inspections, Repairs for Older Buildings Amid the Surfside Condo Collapse

On June 24, part of the Champlain Towers South in Surfside, Florida, collapsed in the wee hours while many residents slept. To date, 97 residents have been confirmed dead. The catastrophic loss has sent shockwaves throughout this oceanfront community located in Miami-Dade County.

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COVID Construction Spike Leads to Lumber Shortages

In March of 2020, American lumber mills curtailed operations, citing both employee health and safety concerns and an expected plunge in demand. As months-long quarantines kept Americans locked in their homes, however, home improvement projects and renovations skyrocketed. The failure of lumber producers to foresee this increased demand for construction supplies has led to widespread…

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Water Conservation Tips for Buildings

It’s a no-brainer: Water=Life. We need it, we use it, but we have to conserve it better. Commercial and residential buildings can have a huge impact on water conservation with just a handful of low-cost or no-cost water solutions.

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Fire Prevention Safety Tips

While deaths from fires have steadily decreased over the past several decades, thousands of Americans die by fire every year, and thousands more are injured. According to FEMA estimates,  the damage from fires cost over $25.6 billion in 2018 alone. Following a summer of record-breaking wildfires, comes the peak time for fire-related deaths: the winter…

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Preventing Slip and Fall Insurance Claims

Year after year, slips, trips, and falls remain the number-one insurance claim for property owners. More than three million people visit the emergency room each year because of falls, according to the CDC (Centers for Disease Control and Prevention). The average hospital visit costs $30,000 to $50,000. Add in factors like ongoing medical bills and…

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Inside the Liability Risks of Turning Hotels Into Dorms

Over the last several months, hotels have been coming up with innovative ways to generate revenue and stay afloat with tourism virtually nil and business meetings going virtual amid the pandemic. Some hotels are offering on-site offices while others have extended their pool hours to attract more guests. But some hotels have pivoted to provide…

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The Risk of Legionella Lurking in Water Systems after COVID Closures

As schools begin to reopen in certain communities, in addition to concerns over the spread of the coronavirus, officials are also worried about the increased risk of deadly illnesses caused by bacteria after months of closures. In fact, a dozen schools have already reported the detection of Legionella in their water systems, a warning to…

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