Post Topic

Vacant Building

From Vacant Properties to Builder’s Risk: Tapping into the Benefits of Transitional Real Estate Coverage

The pandemic has reshaped the real estate and construction market as many offices became vacant with workers going remote and companies rethinking their square-footage needs. At the same time, urban dwellers fled their apartments for the suburbs. As things begin to normalize, developers are looking to leverage the thousands of unused and vacant properties across…

Read More...

What’s Happening in the Vacant Building & Builder’s Risk Insurance Markets?

The pandemic caused unprecedented business closures during April and May across the country, particularly in the hospitality and retail sectors; sent professionals home to work remotely; emptied out office buildings; and shut down construction projects.  We offer some insights on what we are seeing to date in both our Vacant Building and Builder’s Risk &…

Read More...

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…

Read More...