Employee disputes are listed as a real concern for organizations across a broad spectrum of industries, according to this year’s Norton Rose Fulbright’s Annual Litigation Trends Survey. Nearly 50% of the survey respondents cited labor and employment issues as topping the number of cases their organizations faced in 2013. This not at all surprising considering [...]
Over the past couple of years, we’ve have been following and blogging about the data breach that occurred at Wyndham Hotel Group and the resulting lawsuit that the Federal Trade Commission (FTC) filed against the hotelier. We feel this is a very important issue because of the escalating risks of cyber attacks and the potential [...]
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 [...]
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% [...]
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 [...]
New researched based on a survey conducted by global consulting firm Proviti and North Carolina State University’s ERM Initiative highlights a host of significant risk drivers contributing to the risk dialogue taking place in boardrooms and executive offices throughout public and private companies in the United States. More than 370 board members and executives across [...]
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 [...]
Last month in our blog, in our discussion on cyber risk management, we cited that hotels and motels accounted for 9% of all data breaches last year. This figure is according to data made available in Trustwave’s 2013 Global Security Report. With the rise in mobile use for hotel bookings, increased implementation of cloud computing, [...]
In the past, we’ve addressed how retiring Baby Boomers are setting some new real estate trends when it comes to senior living with low-maintenance homes in active communities. A recent article in Multi-Housing News underscores how this population is indeed reshaping senior living now and into the future. Boomers are looking for independence when searching [...]
In the past, we’ve discussed the fact that increasingly more companies are stepping up their efforts to stem cyber attacks and data breaches with preventative measures. Additionally, large and small organizations are realizing the need for Cyber Liability insurance to help protect company assets in the event of a breach. In fact, many in the [...]
