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 [...]
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 [...]
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 [...]
Hurricane Sandy’s destruction along the Jersey Shore and the wreckage it left behind underscores the exposures properties face so close to the coast. Now many are rethinking the development that has taken place along the Shore over the last two decades and whether changes should be made to coastal land-use regulations and building codes. What’s more, the [...]
After years of delaying capital expenditures, hotel companies are now taking the opportunity to renovate their properties. In fact in 2012, we saw more hotels renovating lobbies, restaurants, bars and fitness centers, and this trend will continue into 2013. Also, with the volume and scope of renovations increasing, large and small contractors that provide products and services [...]
Superstorm Sandy’s impact will be far-reaching for months and years ahead, as the hardest-hitting areas in New Jersey, New York, and Connecticut grapple with cleanup and rebuilding. What’s more, many issues have reared their heads in the wake of Sandy – from business interruption issues, supply chain disruptions, and flood coverage disputes to building code regulations and [...]
