Halloween is in a few days, and many home and business owners don't realize the risks associated with the holiday. Ghosts and goblins won't do nearly as much damage as an injured child or a candle fire. Insurance Programs of America wants to remind all home and business owners to take the steps necessary to [...]
The third U.S. National Climate Assessment report was recently released along with an announcement by the Obama Administration of a series of executive actions to take place “to reduce carbon pollution, prepare the country for the impacts of climate change, and lead international efforts to address global climate change.” Regardless of one’s view in the [...]
Residential construction is beginning to ramp up, particularly in the rental apartment segment. Numbers from the Census Bureau and the Department of Housing and Urban Development reveal that total housing starts increased more than 18% from 2012 to 2013. For homes built in multifamily properties with five or more units, construction was up almost 25% [...]
Commercial real-estate loans are up 3.3% from last year according to research firm SNL Financial. In fact, banks across the country had $991.2 billion in total commercial real-estate loans as of June 30th. This includes lending developers and owners capital for properties, from office buildings to shopping centers, warehouses and apartments, thanks to rising real [...]
We’ve been talking a lot about Sandy and the residual effects of the hurricane that hit the Northeast last October. And in the coming months we’ll continue to do so as different issues continue to arise, putting insurance in the spotlight as businesses and residents learn about what is and isn’t covered during the claim process. One of the [...]
The total cost of Superstorm Sandy’s damage on the East Coast are still unknown, with estimates of in excess of $50 billion in economic losses, and between $20-$25 billion in insured losses, according disaster-modeling company Risk Management Solutions. The human suffering and devastation, of course, is immeasurable with the death toll at about 160 and [...]
