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 [...]
Class-A Properties Seeing Higher Rents, More Construction We’re experiencing good news on several fronts regarding the property market and ultimately the commercial insurance opportunities that come with it. As we previously discussed, we’re seeing a marked uptick in the construction of apartments and other multifamily buildings. We’re also seeing the condominium construction market rebound with [...]
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 [...]
The National Restaurant Association (NRA) recently released its forecast for the restaurant industry citing that 2014 will mark the fifth consecutive year that this niche will experience sales growth – even in our continued challenging economic landscape. In fact, industry sales are projected to exceed $683 billion in 2014, up 3.6% from 2013’s sales volume [...]
