FCCI's Midwest Region salutes the Associated Builders and Contractors Southeastern Michigan Chapter for its ongoing endorsement of FCCI as its members' commercial insurance carrier. Coverage through FCCI Contractor Select includes property, liability, auto, umbrella and surety bonds. Policyholders enjoy local claim, risk control and underwriting, plus a group dividend plan for eligible members. Thank you, ABC Southeastern Michigan members, for placing your continued business and trust in FCCI. We'll be there when you need us.
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Real estate attorney, Mark Hakim, sheds light on the crucial role of Directors and Officers (D&O) insurance for co-op and condo boards. In his latest feature in Cooperator News, he explained how D&O insurance protects board members from personal liability, ensuring that they can serve their communities without fear. Learn more about this essential coverage and its impact on governance, here: https://bit.ly/4d7S09x
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Class action settlements at 'unprecedented' levels! #liabilityinsurance #liability #classaction #classactions #broadband #broadbandforall #broadbandinternet #telecommunications #ruralbroadband #ruralinternet #internetserviceprovider The last two years have produced the most billion-dollar class action settlements on record, with an aggregate $50 billion in settlements in 2023 that brings the two-year total to $113 billion, according to Duane Morris' annual Class Action Review, which came with a warning that plaintiff attorneys will likely be "equally if not more aggressive" in 2024. The insurance industry, in general, has struggled with liability claim demands exceeding what would be considered justifiable and the plaintiff prevailing. The term nuclear verdict is used all too often. The Duane Morris review shows that class actions are on the rise and this too will become, if it has not already, a pain point for insurers. The general reaction when insurers face these types of challenges is to change terms and conditions of coverage. While that is a reasonable action, the devil is in the details, when coverage changes are made silently or passively in an a pre-renewal letter, or attachment to a policy there is an unacceptable transfer of risk happening. Somethings require a call or meeting to discuss! We have seen punitive damage exclusions being applied to liability policies. This sort of exclusion is leaving a business open or bare of insurance to claims for large sums of money, the type that bankrupt a company. Have you reviewed your liability policy? Has your agent advised you of any changes? If you are insured with us, we didn’t need to have this type of call or meeting because we still cover punitive damage claims. If you are not with us, we guess you could join with all the other businesses who saw this type of exclusion, possibly silently, appear in a class action, we heard this type of thing is trending! Rather than finding out when it is too late where your company is already bankrupt, give us a call because we love to read and explain polices!
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You may be wondering what title insurance is and what happens once you go under contract to your new property. 🧐 Follow us as we will be sharing weekly videos for Realtors and Home Buyers on the ins and outs of the Title + Escrow process and equip you with all the things you need to know about getting to the closing table! 📝
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President - Property Transfer Service Title Insurance. Servicing New Jersey, Pennsylvania, New York and Florida
From title insurance to closing support, Property Transfer Services has you covered for all your real estate needs across four states. Experience our comprehensive services today! #PropertyTransferServices #Foreclosure #Closing #RealEstate #TitleInsurance
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For association managers, board leaders, and owner/members, are you aware that there are multiple threats beyond wildfire and wind driven embers that can get your master insurance policy not renewed -- or renewed at a significantly higher risk cost to every unit owner? This education luncheon is for you!!! The HOT 14 LIST: 1. Deferred Maintenance 2. Electrical Panels 3. Structural Problems 4. Old Roofs 5. Leak Histories 6. Mold Claims 7. Out of Code Compliance Railings 8. Ignored Reserve Studies 9. Disregarded SB 326 Elevated Deck Repairs 10. Non-Fire Hardened Structures 11. BBQs 12. Loss Control Recommendations Follow Through 13. Rogue Board Members 14. “Savings” on Attorney Review of Contracts https://lnkd.in/gThhHgRw
Join us on May 14th for our May Educational Luncheon to learn the "Hazards that Impact Insurance." Insurance companies are reducing their portfolios - keeping the low-risk properties and not renewing anything else. Learn how to identify and mitigate the known risks in your community - before your insurance company does. We will discuss: -Deferred Maintenance -Electrical Panels -Structural Problems -Old Roofs -Leak Histories -Mold Claims -Out of Code Railings -Ignored Reserve Studies -Disregarded SB326 Balcony Repairs -Non-Fire Hardened Structures -BBQs -Loss Control Recommendations -Rogue Board Members -"Savings" on Attorney Review of Contracts This program was coordinated by: Michael Davie (Valley Bank) and James Harkins, Esq. (Cane & Harkins LLP.) Note: Doors open to managers and homeowner leaders only from 11:00 a.m. – 11:30 a.m., then the individual ticketed business partners can enter at 11:30 a.m. Late registration is after 5:00 pm on May 7th. Registration will be closed on May 10th at 5:00 p.m. . . . #caioc #caiorangecounty #cai #insurance #hoainsurance #wearecai #homeownerleaders #homeowners #hoa #hoamanagers #communitymanagers
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Do you wonder what types of insurance your masonry business could be missing? Check out this link to find all the coverages recommended for masons! #PekinInsurance #Masonry
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Whether you're selling or buying, Flippa Insurance gives you peace of mind when transacting on Flippa. Buyer Protect covers up to 100% of enterprise value and is designed specifically to provide buyers of small businesses with peace of mind during and after the transaction. Seller Protect insures owners of small businesses from the risks they face during an M&A transaction. The policy insures sellers for loss payable to the buyer due to an innocent breach of a seller representation or warranty, providing cover for up to 100% of the seller’s indemnity plus defense costs. Learn more about Flippa Insurance: https://bit.ly/3WzuNY7
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Understanding 𝙧𝒆𝙥𝒍𝙖𝒄𝙚𝒎𝙚𝒏𝙩 𝙘𝒐𝙨𝒕 𝒗𝙖𝒍𝙪𝒆 is a key part in making sure personal & commercial assets are insured adequately – a conversation that comes up between our team and policyholders, and one our partner agents may often have with their clients. Take a look at our recent blog for some RCV 101 to help with those convos ➡️ https://bit.ly/3RBUTWG #BeingBadger #BadgerBlog #ReplacementCostValue #UnderstandingRCV
Replacement Cost Value 101: Protecting Your Property
https://www.badgermutual.com
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Discover the hidden risks of balcony fires in apartment buildings and how our team at WSRB can help insurers identify potential exposures quickly. Protect your book of business! #FireSafety #Insurance #RiskManagement
The Ballad of Barbeques and Balcony Fires
www1.wsrb.com
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