Property and Casualty

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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...

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...

March 29, 2021

Seven Post-Pandemic Changes To Improve Your Commercial Building

Commercial property investors and property managers are bracing for the return of their tenants in 2021. Whether they’ll need to wait until the summer or fall is largely undetermined at this point. The major pushback to the office is dependent on how quickly the population can be vaccinated and reach herd immunity.  What is clear...

March 18, 2021

2021 Commercial Property Insurance Market Outlook

The commercial property market has steadily hardened in recent years, resulting in rate increases every quarter since Q3 2017. Unfortunately, these rate increases—as well as additional policy restrictions—are expected to continue in 2021. We predict that many insureds will experience double-digit rate increases, lowered available capacity and various policy restrictions or exclusions—especially regarding losses tied...

February 18, 2021

Maintaining Effective Sprinkler Heads

Sprinkler heads are largely responsible for detecting the presence of a fire at your commercial property and activating the sprinkler system’s water dispersal capabilities—thus suppressing the flames and mitigating damage. Data from the National Fire Protection Association (NFPA) suggests that effective sprinkler systems can reduce total deaths and property loss from fire incidents by over...

January 29, 2021

Hard Property Market To Continue in 2021, With Higher Rates, New Exclusions: RPS

The property insurance market will continue to harden through 2021, with rising exposures and reinsurance costs driving primary rates higher, according to a report from wholesale broker Risk Placement Services (RPS). RPS expects rate increases in the high-single digits to 15% range on clean accounts. Increases are expected to be higher on accounts with losses....