When providing finance for the sale of equipment, the mortgagee should confirm that his interest is correctly defined in the Insurance Policy

Recently, in a local newspaper, there was a story about a convenience store owner who suffered a fire that nearly destroyed the entire store. Prior to the loss, the store owner was lucky enough to convince a bank to lend him some money for operating capital. After conducting an investigation and bei...
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Measuring the Period of Restoration in Business Interruption Claims Following Superstorm Sandy

Superstorm Sandy made landfall in New Jersey on October 29, 2012 causing severe property damage along the eastern seaboard.  Forecasting companies put sophisticated catastrophe risk computer models to work estimating insurance claims.  One firm, Equecat, estimated that Sandy’s impact could reach...
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Vacant properties, evolving risks and available coverage

A slow economy or sudden downturn in the markets can leave many commercial property owners and managers with the prospect of maintaining vacant buildings.  Whether it’s a reduction in work force or tenants/businesses having to move to more affordable housing/retail space, many commercial property...
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Wildfire risks and insurance coverage

Wildfire risk is dependent mainly on geographical location. Weather patterns, human activities, and availability of combustible fuel all factor into the equation when determining wildfire risk. A close proximity to wilderness areas prone to such events increases the risk of wildfire damage to oneâ...
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