Food trucks are quickly growing in popularity within the food industry, but a lot of food truck operators (and even some insurance agents) aren't sure what type of insurance coverage is needed. If something goes wrong and food truck insurance coverage is inadequate, even the most successful food truck will find themselves out of business. [...]
On Jan. 8, 2015, Congress reauthorized the Terrorism Risk Insurance Act (TRIA), the federal terrorism risk insurance backstop. TRIA was allowed to expire on Dec. 31, 2014. The bill will be effective as soon as the president signs it, an action that is expected in before the end of the month. What is Terrorism Risk [...]
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 [...]
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 [...]
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. [...]
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 [...]
With so many Baby Boomers set to retire and the senior living housing landscape changing to meet the requirements of a new generation age 55+, real estate developers are looking at several areas for growth. According to an article by Senior Housing News, developers, operators and entrepreneurs have shown “strong interest” in the following five markets so far in [...]
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 [...]
