It is estimated that the average American will spend at least $700 on gifts this holiday season. For the commercial industry that is good news. From importers, manufactures, distributors, wholesalers to retail stores, products have a long road to travel before they end up in American homes for the holidays. Product liability insurance plays a huge role in all entities that create products because defects can rest with any party in the products chain of distribution. Continue reading
A big part of the construction industry is insurance. Why? Well, it is simple – construction is a risky business. All construction projects have a defined set of risks; bad weather, non-payment, safety concerns, construction defect, property damage, the list goes on and on. As a contractor and a consumer it is important to be sure all parties working on your home, or jobsite, have proper insurance coverage in all areas of risk. Continue reading
By: Ann Butler, The Durango Herald (Claims Journal) October 2015
In 2002, while the … Continue reading
Flood insurance is available for commercial, home, and property coverage. Flood insurance can cover two types of property and it is important to purchase both when getting flood insurance. The first is Building Coverage which will pay to repair or replace the insured building and its foundation. The second is Contents Coverage which will cover the possessions in the building. It is important to remember that the land the building is on will not be covered. Continue reading
Private equity and hedge fund firms have bought more than 100,000 troubled mortgages at a discount from banks and federal housing agencies, emerging as aggressive liquidators for the remains of the mortgage crisis that erupted nearly a decade ago. Continue reading
A builders risk insurance policies are an important part of the construction industry. If your business is involved in new construction or a remodel of a building you should consider a Builders Risk Policy to protect your investment in the project. A builder’s risk policy will protect a person’s or organization’s insurable interest in materials, equipment, and fixtures that are being used to construct or remodel a structure. The protection is added security in the event that the materials sustain physical loss from a covered cause. Continue reading
A newly formed Chinese-American joint venture said Thursday it has raised $100 million to help build a long-awaited high-speed train connecting Las Vegas and Southern California.
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The underinsurance of property risk – particularly natural catastrophe risks – has risen steadily over the past 40 years, even though claims payments have increased significantly during that period, according to Swiss Re’s latest sigma study. Continue reading
