real estate
April 25, 2023
Will Luxe Amenities Get Workers Back to the Office? Owners Say, ‘Yes’
The house party is ending for many office-bound workers — and, as a result, the office experience is getting a lot more fun. The push to get workers back to their desks resulted in a so-called “flight to quality” — tenants demanding highly amenitized, Class A office spaces. In response, landlords upped the ante like...
April 3, 2023
Growing Construction Costs Driving Commercial Property Coverage Gap
Growing costs for construction materials and labor could be driving commercial properties to be undervalued by as much as 30% for underwriting purposes, according to Tüv Süd Global Risk Consultants Corp. A disconnect between reported values and actual values can result in a coverage gap for a commercial policyholder. From November 2021-November 2022, the cost of...
March 30, 2023
Wildfire Preparedness Steps for Businesses
Wildfires are unplanned, uncontrolled and unpredictable fires resulting from lightning and human causes, such as campfires, downed utility wires and cigarette butts. Direct flames, radiant heat from nearby burning plants or structures, and flying embers from wildfires can pose risks to businesses, homes and people. Wildfires can have a profound impact on local economies as...
March 28, 2023
CEOs Want Employees Back In Office—But Can We Prove Buildings Are Safe?
With COVID-19 vaccination efforts fully ramped up, U.S. employers are accelerating their plans to bring employees back to the office. Recently, PwC’s US Remote Work Survey found 75% of executives anticipate at least half their employees will be back in the office this month. While remote work has proven to be successful by many measures, few leaders...
March 9, 2023
A ‘Seismic Shift’ is Coming to Commercial Real Estate, CEO of a Flexible Workspace Giant Says
Employees around the world were forced to adopt fully remote work for the first time when COVID-19 struck. But as the pandemic stretches into its third year, vaccines become more widespread, and hospitalization rates drop, companies have been trying to lure employees back to working in the office full-time once more. JPMorgan Chase’s Jamie Dimon...
March 8, 2023
Construction Industry Trends to Watch
The construction industry consists of companies that construct, maintain and repair buildings and other structures (e.g., roads, bridges and utility systems). This sector plays a vital role in the U.S. economy by keeping residential areas, commercial facilities and local infrastructure in good condition, thus supporting the safety and welfare of communities across the nation. In...
February 20, 2023
Revealed – Issues Challenging Commercial P&C in Today’s Environment
Commercial property and casualty (P&C) insurance carriers have been delivering strong financial performance in recent years despite the widespread disruption caused by the COVID-19 pandemic and other global events, according to a recent McKinsey report. The report noted that premiums have been driven by extensive risk-adjusted rate hardening on a year-on-year basis, resulting in an...
February 1, 2023
Managing Real Estate Assets Through Inflation
While the signals are mixed, there are signs that inflation is finally easing. We can debate the measures the Fed and the Biden administration have taken to push back against rising costs, but inflation control would undeniably be a good thing for the bottom lines of investment real estate properties. Job market and supply chain...
January 11, 2023
5 Trends in Digital Security Transformation to Watch For in 2023
A June 2020 study by McKinsey & Company found that the pandemic has accelerated the digital economy by 7 years. The digital adoption of applications for corporate work, in conjunction with tech solutions for physical security, is not just a temporary fix. These solutions are here to stay. As new technologies and digital solutions transform security operations,...
December 21, 2022
Why Private Companies Need D&O Insurance
Directors and officers (D&O) insurance provides corporate directors and officers with coverage for managerial decisions that negatively impact the company. This insurance may generally cover legal fees, settlements, and other costs related to their defense. All types of businesses should seriously consider D&O insurance, but there’s a common misconception that private companies may not need...