Property and Casualty

CMR Risk & Insurance Services Inc. > Blog > Property and Casualty
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...

July 13, 2021

How Transportation Could Be Safer, Cleaner and Cost Efficient by 2050

A Cornell University-led research team has calculated that by the year 2050, vehicle electrification, driverless cars and ride sharing could prevent 5,500 premature deaths and save $58 billion annually, while simultaneously slashing U.S. petroleum consumption by 50% and carbon dioxide emissions by 75%. The researchers projected vehicle stocks, distance traveled, energy usage and carbon dioxide...

June 29, 2021

What To Consider In The Post-Pandemic Commercial Real Estate Environment

As vaccinations ramp up and Covid-19 transmissions decline, the journey toward normalcy seems just about over. Because of that, I believe commercial real estate generally and office space specifically remain sound investments. However, the pandemic has forever changed the way corporations and workers use these assets and, as a result, how investors should think about...

June 25, 2021

7 Key Trends Affecting 2021’s Hard Insurance Market

Around the one-year mark since the start of the pandemic, markets began to experience the lasting effects of the challenges presented to them in 2020. While I’m hopeful that there is light at the end of the COVID-19 tunnel, we’ll likely see hardening market conditions persist throughout 2021. Below, I explore in-depth some of the...

June 17, 2021

How to Evacuate a High-Rise Building

When asked, most people would say that they should “stop, drop, and roll” if their clothes caught fire. There are a few other basic rules most people know to follow, such as crawling on the ground because smoke rises. But many residents of apartment buildings are fuzzy on the details when it comes to emergency...

June 7, 2021

Industries That Experience the Most Fatal Work Injuries

During 2019, a total of 5,333 fatal occupational injuries occurred, marking the largest annual number since 2007, according to the U.S. Bureau of Labor Statistics (BLS), which reported an American died every 99 minutes from a work-related injury. Overall, fatal work injuries increased by 2% nationwide during the year. Further, the fatal work-injury rate did not change...

May 24, 2021

Amenities Are Reopening, With Technology At Their Core

Last year, once-bustling amenities in multifamily properties fell silent as residents stayed socially distanced in their units. Meanwhile, property managers sought alternative ways to engage residents and empower them to take advantage of the amenities they pay for while still feeling safe. They found that technology provided the bridge they were looking for.  “In the past year, we’ve seen a rise...

May 11, 2021

Workplace Technology Trends

Improving Virtual Meetings There are more than 11 million video business meetings each day in the United States. Aside from the pandemic, factors fueling that growth include access, price and need. Most laptops and mobile devices have built-in webcams and microphones so employees can dial in to a meeting from anywhere and at any time....

April 30, 2021

Commercial Building Spring Maintenance

Wintertime weather, like snow and ice, can be especially damaging to properties. Now that warmer weather is finally here, it’s time to inspect your buildings and do the needed maintenance you may have put off during the winter. The following advice can help reinvigorate your property, preparing it for the warmer months ahead. Test and...

April 29, 2021

May 1, 2021, Is Wildfire Community Preparedness Day

Wildfire Community Preparedness Day is Saturday, May 1, 2021. This national event is managed by the National Fire Protection Association (NFPA) and encourages people and organizations to come together to promote wildfire awareness and participate in projects to reduce wildfire risks. In-person gatherings continue to be limited in many areas of the country due to...