Business
September 22, 2021
Catastrophes and COVID-19 Fallout Proving Especially Challenging for Real Estate Companies
Among the many industries suffering from the dual impact of COVID-19 and severe weather events, few would want to trade places with the real estate sector. Between tenants having difficulty paying rent or trying to break leases, a myriad of rules around COVID-19 safety, volatile construction material and labor costs, and record-breaking hurricane and wildfire...
September 15, 2021
Risk Management Has Never Been So High Up the Corporate Agenda
The global COVID-19 crisis has highlighted how critical risk management is for virtually all organizations, especially at this delicate stage of recovery amid the threat of the virus’ resurgence caused by the Delta variant. According to Claire Combes, chairperson of UK-based risk management association Airmic, the pandemic has shown the importance of understanding and managing...
September 8, 2021
14 Important Factors Impacting Commercial Real Estate In 2021 And Beyond
Like nearly every industry, the Covid-19 pandemic has rattled the commercial real estate (CRE) sector. As businesses reopen, owners are being forced to make tough decisions, such as whether or not they should continue to rent office space. Consequently, landlords and other CRE investors may see a continued impact on their revenue stream. As experts...
August 23, 2021
Preparing for Open Enrollment With a Hybrid Workforce
With open enrollment season approaching, now’s the time for HR professionals to kick off their planning. Due to the pandemic—and employees’ desire for flexibility—many employers now find themselves with a workforce on a hybrid schedule. It’s imperative they make appropriate adjustments to lead a successful open enrollment period. As a flexible model designed to support...
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 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 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...