Condominiums

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Insurers Weighing in on Climate Change, Impact on Insurance

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 [...]

Real Estate & Hotel Industries Calling for Terrorism Insurance Reauthorization

The Terrorism Risk Insurance Program Reauthorization Act (TRIPRA) is set to expire on December 31, 2014 and Congress has yet to extend it, with on-going debates taking place in the Senate on how to proceed. The insurance industry and businesses, including those in the real estate and hotel industries, have been calling on Congress to [...]

As Future Becomes Brighter for Condominium Market, Insurance Opportunities Abound

Prior to the economic downturn and recession of late 2007, we saw a great deal of development in the condominium marketplace. When the mortgage crisis occurred and subsequent housing bubble, construction development across all real estate sectors took a big hit, including in the condo market. Cities such as Miami had empty high-rises dotting the [...]

Risk Management: Disaster Planning for Condominium Properties

As we approach the one-year mark when Super Storm Sandy ripped its way across entire communities on the East Coast pummeling houses and businesses, there are many lessons to be learned. Many businesses are still reeling from the effects of Sandy and are not back to their normal levels of revenue before the storm hit. [...]