August 19, 2021

Structural Issues and Aging Buildings

While modern building codes and structural engineering have made buildings extremely safe, facilities managers must maintain a high level of upkeep for them to remain that way. As buildings age, they can lose their structural integrity. As such, if simple repairs are left untended, they can balloon into bigger issues, potentially causing significant damage that...

August 18, 2021

CMR Ranks on the 2021 Inc. 5000 List

Inc. Magazine Reveals Annual List of America’s Fastest-Growing Private Companies—the Inc. 5000 NEW YORK, August 17, 2021 – Inc. magazine today revealed that CMR Risk & Insurance Services is No. 4,666 on its annual Inc. 5000 list, the most prestigious ranking of the nation’s fastest-growing private companies. The list represents a unique look at the most successful companies within the American economy’s...

August 16, 2021

OSHA Urges Employers to Require Vaccinated Workers to Wear Masks

The U.S. agency that regulates workplace safety issued guidance on Friday urging employers to require many fully vaccinated workers to wear masks to protect unvaccinated colleagues and customers, amid a surge in COVID-19 cases. The Occupational Safety and Health Administration (OSHA) recommended that workers wear masks “in areas of substantial or high community transmission,” such...

August 12, 2021

The Most Common Work-From-Home Injuries

The most common types of job-related injuries for remote and hybrid workers are in the lower and upper back, shoulders, hands and wrists, according to Lisa Orr, ergonomics expert and senior human factors consultant for Sedgwick. Many of these injuries are because of improper home office accommodations, she says. This can include chairs that were not...

August 11, 2021

LIHTC Recapture Bonds: Top Questions Answered

We recently interviewed CMR’s Principal/President and Surety Practice Group Leader, Travis Pearson on the top questions that we receive regarding the LIHTC Recapture Bond.  While the IRS no longer requires a disposition bond (IRS form 8693) to avoid tax credit recapture in the event of ownership disposition in a Low Income Housing Tax Credit Section...

August 10, 2021

Insurance and Evacuation Plans Are Key for Wildfire Safety

The formation of nine large wildfires this week—three in Washington, two in California and Oregon, and one each in Idaho and Montana—highlight the importance of having an evacuation plan and the right coverage. “Insurers are fulfilling their traditional role as the nation’s financial first responders as thousands of Americans evacuate in the West,” said Triple-I...

August 5, 2021

CVSA Releases 2021 International Roadcheck Results

Recently, the Commercial Vehicle Safety Alliance (CVSA) released the results of its 2021 International Roadcheck. This inspection and enforcement initiative highlights the work of commercial motor vehicle (CMV) inspectors throughout North America, acknowledging the compliance of motor carriers and professional drivers through the issuance of a CVSA decal on eligible vehicles. In total, 40,669 inspections...

August 2, 2021

Preparing Workers’ Comp for Future Pandemics

Intending to recognize additional catastrophic exposures on workers’ comp systems that can impact ratemaking, the National Council on Compensation Insurance (NCCI) is proposing that any event exceeding $50 million in losses be excluded from the data used to set rates, including future pandemics. Other than certified acts of terrorism, NCCI’s catastrophe provision only accounts for single-event losses...

July 28, 2021

Promoting Cybersecurity in the Expanding Digital Economy

At the initial onset of the COVID-19 pandemic, organizations across industry lines were forced to implement digital offerings in an effort to remain operational. This shift to predominantly remote activities—such as video chatting, online shopping, electronic payments and contactless deliveries, among others—changed the way consumers were able to receive goods and services. Specifically, the pandemic...

July 26, 2021

What Does Builder’s Risk Insurance Cover?

Builder’s risk insurance provides property coverage for buildings and structures that are under construction. If you’re a builder or a commercial property owner, you could face considerable monetary loss if something goes wrong with the construction of a building if you don’t have builder’s risk insurance. This coverage is also known as “course of construction...