Category: Spotlight Content
Winter wonderland of claims: Northeast winters are nasty, brutish, and last far too long - by Jonath...
February 23, 2018
In Leviathan, renowned English philosopher Thomas Hobbes describes life in it’s most primal form as “solitary, poor, nasty, brutish, and short.” His description would be applicable to winter in the Northeast if he excluded one word…“short.”
How will the disasters of 2017 impact my property insurance in 2018? - by Neil Doherty
February 23, 2018
2017 was the costliest year on record for losses insured and uninsured, but the insurance industry is well positioned to handle the high volume or claims payouts. Most buyers of property insurance are well positioned, but preparation is still needed.
Aluminum wiring is a hazard that the insurance companies simply won’t overlook - by Anowsh Dadgar...
February 23, 2018
Aluminum wiring is a hazard that the insurance companies simply won’t overlook, given the safety/claims threat they pose. Thus, aluminum wiring remediation is always prescribed in mitigating the risks to both insureds and insurers alike.
Understanding tax taking in Mass. - A clean municipal lien certificate is not sufficient - by Elizab...
February 23, 2018
If the title examination for a piece of property reveals a tax taking of record, it is always necessary to obtain a redemption from the municipality and file or record it at the registry of deeds. A clean municipal lien certificate is not sufficient to clear a title of a tax taking.
To prevent potential errors and omissions in insurance claims document, document, document…- by El...
February 23, 2018
The buzzword for the real estate industry is “location, location, location.” But if you want to prevent or mitigate a potential errors and omissions insurance claim, your refrain should be “document, document, document.”
Catastrophe modeling - also known as CAT modeling - and the effects on real estate portfolios - by S...
February 23, 2018
Catastrophe modeling (also known as CAT modeling) is the process of using computer-assisted calculations to estimate losses that could be sustained due to a catastrophic event such as a flood, hurricane, windstorm or earthquake.
2018 property insurance market trends impacting real estate owners - by Jay Driscoll
February 23, 2018
Over the past few years, real estate owners have experienced softer insurance market conditions with favorable rates and coverage terms.
Capital is coming in many different forms and more players emerge on a regular basis - by Derek Coul...
January 26, 2018
New England commercial real estate activity continued to be a strong performer in 2017 with office vacancies at a pre great recession low, new development continuing throughout the region from the continued transformation of the Seaport area of Boston to the waterfront developments in Portland, ME.
2018 commercial mortgage outlook: What a difference a year makes - by Michael Chase
January 26, 2018
At this time last year the industry looked out at 2017 with a high level of uncertainty. What would be the impact of the new administration? What would tax reforms look like and how quickly could they be implemented? Had property valuations reached their peak?
The “builder confidence index” is at its highest level since before the great recession - by Da...
January 26, 2018
Here we are in the dead of winter with snow and cold all around us. The smart ones have left for warmer climates but what about the real estate market?
2018 should be another year of steady but limited improvement for Greater Portland office market - b...
January 26, 2018
The Greater Portland office market finally surpassed a total market size of 12 million s/f in 2017 in 341 Class A and Class B buildings — due to the addition of several new buildings. Vacancy rates continued to fall for the 8th consecutive year.
Now is the time to review your insurance coverage in the context of a catastrophic event - by Spenc...
January 26, 2018
2017 was the year of the catastrophic weather and fire event, with three major hurricanes hitting Texas, Florida and the Caribbean, two major fires in California, and an earthquake in Mexico; worldwide catastrophes reached epic proportions.
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